Social Entrepreneurship, Social Enterprise & Social Entrepreneurs!

Social entrepreneurship is an approach by individuals, groups, start-up companies or entrepreneurs, in which they develop, fund and implement solutions to social, cultural, or environmental issues.  Social entrepreneurship has been defined as entrepreneurship with a social goal.

Social enterprise represents a business established for a social purpose, to create positive social change; it is, fundamentally, about using a market-driven business model to address key social and environmental issues. It is an emerging field with diverse and shifting interpretations.  Social enterprises are independent businesses, autonomous of state/government control. They are owned and controlled in the interests of the organisations social/environmental mission. Social enterprises should earn at least 50% of their income through trading, rather than through grants or other funding.

Social entrepreneurs have been regarded as change agents.  A successful social entrepreneur does not just have a good idea — they also have the practical business knowledge to turn that idea into a reality. A social entrepreneur’s solution considers market demand and research, finances, resources, and the restrictions and opportunities in their community and country.

Types of social entrepreneurs

  • The Community Social Entrepreneur
  • The Non-Profit Social Entrepreneur
  • The Transformational Social Entrepreneur
  • The Global Social Entrepreneur

Remember, there can be no social mission without money, but the first goal of SOCIAL ENTREPRENEURSHIP is mission.

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