If you want to know what it takes to be a social entrepreneur, then you need to be able to self-reflect. This helps you establish what your goals are and what your mission is. Self-reflection isn’t the only thing you need to have, as you need to have humility. When you’re helping people, you have to show them genuine humility.
Passion is another huge part of succeeding as a social entrepreneur. You have to truly be passionate and care about your mission. Otherwise, you are bound to fail.
Passion, self-reflection and humility can take you a long way when it comes to social entrepreneur. If you have those, you have what it takes to be a social entrepreneur.
There are a few social entrepreneurs you should check out, with one being Bill Drayton. He has founded a group that focuses on supporting other social entrepreneurs throughout the world. The group is called Ashoka: Innovators for the Public.
Another social entrepreneur is Rachel Brathen, who is a renowned yoga teacher. Her goal is to help connect teachers to people who need healing but do so via online communities. Another thing she does is runs a website that is focused on helping to solve issues like water pollution and food security.
Make sure you check out those two social entrepreneurs’ works today.
It’s all about creating a plan of action if you want to become a successful social entrepreneur. This is crucial because a plan of action keeps you on track and helps you reach your goals. What you want to do is build your action plan around your daily goals, or even your monthly or annual goals. Some social entrepreneurs even focus on hourly goals. Regardless, just make sure you create a plan.
This may sound like common sense advice and very basic advice, and it is. However, many people disregard it. The bottom line is you need a plan of action to succeed as a social entrepreneur.
Universities contribute a great deal to society through scholarship, research-based inquiry, and the preparation of students for work and life. Through research, they play an invaluable role in creating new knowledge. Since a well-educated workforce is key to prosperity, many universities are paying attention to entrepreneurship education.
A number of universities nurture social entrepreneurship by establishing incubation centres. These centres offer a platform where ideas are developed into viable business. Some institutions also help students access initial funding for their ideas.
Several universities are also training students how to create social enterprises that help vulnerable groups or communities. In fact, some have adapted their curriculum to nurture social entrepreneurs. Such universities include University of Pennsylvania, University of Northampton, The University of Oxford, Duke University, Yale University and Stanford University.
Eight years ago, the University of Northampton set itself the goal of becoming the top institution in the UK for social enterprise by 2015. The university joined many US institutions and today it is recognised by Ashoka as a ‘Changemaker Campus’. Its vision is to promote social entrepreneurial activities among its students.
Universities have a role in solving social problems. There must therefore prioritise social entrepreneurship training. This could happen by setting up dedicated incubation centres or through existing system. Training should include a variety of teaching methods to ensure real value for students.
Armed with technology, social entrepreneurs can dramatically improve the human condition. Emerging technologies such as artificial intelligence and biotech have the potential to change the world. The following are some examples of social enterprises that are using technology to address social challenges:
Zipline operates drone delivery system to send urgent medicines, such as vaccines and drugs, to those in need – no matter where they live. Medical products are centrally stored at the Zipline Distribution Center, allowing fast access to even the most sensitive or scarce items. Health workers at remote hospitals and clinics text orders to Zipline for the medical products they need.
Revolution Foods use technology to increase access to fresh, healthy food to schools and underserved communities. The Social enterprise is committed to transforming the way people in America eats. Since its founding in 2006, it has served more than 150 million healthy and affordable meals to schools across the U.S
Worldreader is a social enterprise that provides people in the developing world with free access to digital books via mobile phones and e-readers. Its mission is to bring digital books to children and their families, so that they can improve their lives.
It’s an exciting time to be a social entrepreneur. Social entrepreneurs are innovating how we empower underserved populations. As the number of entrepreneurs who are focusing on making a difference over making more profit increase, incubator and incubator programs that offer support for the challenges faced by social enterprises are also growing. There are many ways in which social entrepreneurs can access funding.
There are many funders that give grants to social entrepreneurs. For social enterprises that are at the seed stage and are not generating much revenue, a grant is given to them to test their idea. The longer a company is in existence, the less risky investors perceive it to be.
Selling an ownership interest in a social enterprise is a good option for enterprises that have a promise but lack the assets to secure a loan or the cash flow to service debt. When adding equity investors, it’s important for social entrepreneurs to consider what they will bring to the business apart from money.
Crowdfunding platforms such as Thudafund and Indiegogo bring together individuals who are interested in funding innovation and individuals looking for start-up funding. Crowdfunding has proven to be a great asset in increasing an audience and sourcing potential customers.
To get access to a network of social entrepreneurs scattered across the world, you should participate in social entrepreneurship contests. Contests play a role in motivating social entrepreneurs to perform and offer a lot more reward than just the winning prize.
This year, the Japan office of Ashoka, a nonprofit organization that financially supports social entrepreneurs worldwide, held youth social entrepreneurship contest. Among the four social entrepreneurs who passed the competition’s interview screening part was Yoko Aoki, a high school student who earlier this year launched a photography service and cosmetic therapy for elderly women living in nursing homes.
Aoki said her motivation behind participating in the the competition was to meet other entrepreneurs — people she rarely meet in the course of her daily life. Like Aoki, many participants in Ashoka contest get connected with social entrepreneurs whom they share strong passions for sustainable social change.
Under the slogan “Everyone a Change maker,” social entrepreneurs selected via Ashoka contests receive annual stipends of up to ¥100,000 in financial support for their projects. For those who want to study at the College of the Atlantic in the United States, Ashoka offer scholarship support up to $10,000. In addition, they have access to a worldwide network of over 3,500 social entrepreneurs referred to as Ashoka Fellows in 93 countries.