The problem with ‘woke’ businesses: Good intentions don’t pay the bills
I keep thinking about the phrase "good intentions don't pay the bills." It sounds harsh, but there's a truth in it that many founders learn the hard way. A mission can get you media coverage and a loyal early customer base, but it won't stop your rent from being due or your supplier from invoicing.
The article warns against confusing the cause with the business model. Cause-driven businesses are fine to start, but they still need a viable plan. I've seen small shops and startups that put their values on the front wall but never figured out their margins. They close, and then the cause loses a voice anyway. That seems like the real tragedy.
What I'd want to know next is how successful mission-driven companies actually balance the two. Are there specific strategies, like pricing that reflects the mission without scaring customers away, or funding structures that don't force compromise? The article sets up the problem well, but I'd like more on the practical mechanics. Because I suspect the answer isn't to abandon values. It's to treat values as one input, not the whole business plan. That's a harder but more honest path.
