Entrepreneurship is one of the best known economic drivers. By creating innovative solutions while improving economic growth, entrepreneurs are successfully creating jobs, thus helping more people to live productive lives.
Entrepreneurship is based on the principle of coming up with creative products and services to meet a particular demand. The entrepreneur devises a business plan and comes up with solutions to run the business sustainably. Social entrepreneurship is based on the same values but differs slightly.
What are social entrepreneurs?
Social entrepreneurs are people who establish enterprises with the aim of solving social problems, or effecting social change. You may be asking yourself how this differs from any other ordinary entrepreneur.
While entrepreneurs focus on providing products or services through business models, social entrepreneurs have a core focus on adapting their business solutions for solving societal challenges.
A social entrepreneur devises solutions for some of society’s most pressing social problems. These individuals are persistent, innovative and ambitious. They are able to come up with innovative solutions, offering new ideas for wide-scale change.
They often change systems and solve problems this way. What makes social entrepreneurs stand out is that they are visionaries but also realists. They emphasise the practical implementation of their vision.
These individuals are leaders who rely on assistance from change-makers and act as the change agents for society.
A social entrepreneur may work in various industries such as education, health, environment and enterprise development. Like any other entrepreneur, they aim to build sustainable organisations.
They possess entrepreneurial qualities, including:
Social entrepreneurs are willing to take risks in order to ensure the success of their business ventures. They don’t only have a focus on profits, but are also focused on making sure that their organisations have a positive influence on society in general.