Bellevue-based company provides future business owners scholarship opportunity with emphasis on social entrepreneurship
Advantage Business Valuations, a branch of Advantage Commercial Brokers that helps people buy, sell, and identify the value of their businesses, is leading by example to educate the country’s future business owners on the benefits of social entrepreneurship.
The Bellevue-based company believes that there’s more to success than just profitability. “We want to be an example of a small business that’s socially minded,” Advantage Business Valuations’ Business Analyst, Oliver Wu, said. “Being successful socially is a measure of success that’s just as important as being successful financially.”
In an effort to emphasize the importance of social entrepreneurship, Advantage Business Valuations is doing some giving back of its own by offering a Social Entrepreneur Scholarship. Through the scholarship, Advantage Business Valuations’ President, Aaron Muller, and Wu hope to get people thinking about business and success in a different way.
“Too many businesses focus on the short term and don’t focus on the long term,” Wu said. “We need to care about our impact on society as much as we care about financial profitability.”
For Muller and Wu, social entrepreneurship is about having multiple bottom lines. “If a student gets an A in history but fails math and English, would you call the student successful? Probably not. Most businesses just take one subject: profit,” Wu explained. “The environment and social impact are equally as important as profit motive.”
Through the Social Entrepreneurship Scholarship, Advantage Business Valuations is able to help get young people thinking about social entrepreneurship, all while doing a little bit of social good themselves. And for Muller, he hopes this is just the start.
“We don’t know where this is going to go,” Muller said. “We want to look at the results and then see if there’s additional opportunities to broaden what we’re already offering. Maybe this will parlay into a whole other program for us. This is just the beginning.”
Applications for the Social Entrepreneurship Scholarship will be accepted through Dec. 31. Interested applicants are required to submit a short YouTube video explaining what social entrepreneurship is and how they can apply it in their own lives. Applicants must be full- or part-time students currently enrolled in an accredited university of community college.