The Most Powerful Business Model – Social Entrepreneurship

The Reasons Why We Can’t Ignore Social Entrepreneurship.

Social Entrepreneurship is quickly becoming the most powerful business model of the 21st century. It is an exciting process by which passionate and ambitious individuals build or transform a business to provide innovative solutions to social problems such as poverty, malnutrition, illiteracy, clean air and water, and health care.

The world today is plagued by probably more problems than ever before in history. We face challenges like never before and the “to do” list is enormous and growing. Social entrepreneurship is a relatively new phenomenon that operates in areas where traditional non-profit and government‐based support structures have not been successful. Continue reading “The Most Powerful Business Model – Social Entrepreneurship” »

What Can We Learn From Successful Social Entrepreneurial Movements?

The Skills And Knowledge We Can Gain Through Connecting With Social Entrepreneurial Organisations.

In my previous post, Is Social Entrepreneurship For You?, I wrote about some of the challenges that we will face as social entrepreneurs and made the recommendation that if you are not sure about starting a social enterprise or you would like to learn some more skills, then the best thing is to join an already established social entrepreneurial project. I am going to expand on what we can learn and the skills we can gain from teaming with social entrepreneurial organisations.

When answering the question of “Where should social entrepreneurs begin?”, David Bornstein, the author of  “How to Change the World: Social Entrepreneurs and the Power of New Ideas”  had this to say: ” Before starting out on their own, they often work in jobs that teach them how a particular type of business or industry operates. They usually work for several years in a particular field, profession or organization, acquiring the knowledge, skills and contacts that enable them to branch out on their own.” Continue reading “What Can We Learn From Successful Social Entrepreneurial Movements?” »

Social Entrepreneurship – The Best Of Both Worlds

How is Social Entrepreneurship Different from Business?

A Social Entrepreneurship is, first and foremost, a business. That means it is an organisation engaged in the trade of goods, services, or both to consumers, but it trades primarily to support a social purpose (not profits for shareholders!). Like any business, it aims to generate profit, but it reinvests those profits in the business or in a social cause. It is, therefore, not simply a business driven by the need to create profit for shareholders or owners. Social Entrepreneurship is committed to commercial viability but the prime motivation is building a better society and finding a solution to social problems.

Like business, Social Entrepreneurship is diverse. They include local community enterprises, social firms, co-operatives, and large-scale organisations operating locally, nationally or internationally. Continue reading “Social Entrepreneurship – The Best Of Both Worlds” »

The Go-Giver Law 1:The Law Of Value

Over the next week, I will be doing a series on The Five Laws Of Stratospheric Success from the bestselling book, The Go-Giver. This will continue from Part 1: The Secret To Success Is Giving. I believe that if we intentionally apply these laws to our social entrepreneurship, we can create a culture of success based on giving, excellence and serving and in doing this we will thrive in our business. In the book, Pindar tells Joe ” All the great fortunes in the world have been created by men and women who had a greater passion for what they were giving – their product, service or idea – than what they were getting”. Continue reading “The Go-Giver Law 1:The Law Of Value” »

The Secret To Success Is Giving

As social entrepreneurs, we need to use business strategies to develop our social entrepreneurship and make it more sustainable, but with so many books and articles on success it can be very overwhelming! The problem is that a lot of them focus on getting rather than giving so we must ensure that we find principles that align with our values and empower us to develop a successful social entrepreneurship within a framework of serving and giving.

We have all heard someone being described as a “go-getter.” It conjures up the thought of a successful and determined person who will stop at nothing to get to the top. I have just finished reading an excellent book called “The Go-Giver, A Little Story About A Powerful Business Idea” by Bob Burg and John David Mann. Continue reading “The Secret To Success Is Giving” »

Social Entrepreneurs Becoming Great Leaders

What makes people want to follow a leader?

Becoming a social entrepreneur requires more than a deep desire to see change and challenge the status quo, it also requires strong leadership. As leaders we must be able to inspire, guide and develop others in order to run a successful social entrepreneurship.

There is significant evidence to indicate that leadership can affect the success or failure of an organisation, particularly for small to medium organisations. So it is important that we continually look for ways we can grow and learn. Leadership skills and techniques can be learned, very few people are natural leaders. So be committed to learn and develop leadership skills and qualities. Continue reading “Social Entrepreneurs Becoming Great Leaders” »

Is It Time To Fill Up Your Tank?

My #1  piece of advice for social entrepreneurs (or anyone for that matter) is don’t let your tank run on empty.

I remember many years ago, not long after I started driving, running out of petrol in my car. My car came to a stop, late at night, only 200 metres from a service station. The problem was, I had ignored the warning signals for too long. It was a hard lesson to learn but I have never run out of petrol again!

Did you know that our emotional, physical, intellectual and spiritual tanks can get empty too? If you are a social entrepreneur or someone who gives out to others, you may find you get little warning signs that your tank is getting empty because you are pouring out to others from your tank. Continue reading “Is It Time To Fill Up Your Tank?” »

Great Idea But What About Funding?

The Great Funding Dilemma For A Social Entrepreneur

Many Social Entrepreneurs start off with innovative solutions but are unable to see their ideas come into fruition due to the lack of start-up funding. Funding is without a doubt the biggest challenge facing social entrepreneurs and many social enterprises are underfunded and subsequently their self-sustainability and social impact are restricted.

It is important to look at creative funding solutions and social entrepreneurs are getting more resourceful in the way that they are going after funding. Social enterprises cannot expect to be carried by one source of funding anymore, and need to look at different ways of blending capital to create the largest social impact. Continue reading “Great Idea But What About Funding?” »

Keys To Successful Problem Solving – Part 2

5 Steps to Problem Solving

1. Identify the problem

Firstly you need to identify and name the problem so that you can find an appropriate solution. For Social Entrepreneurs, this can be a difficult step because there are so many problems in the world but we must be able to focus and pinpoint the problem that we are passionate about finding a solution to. For me, I had to think about what my purpose in life was and my passions. This took me back to school when I was greatly impacted by our unit on poverty and malnutrition. Continue reading “Keys To Successful Problem Solving – Part 2” »

Keys To Successful Problem Solving – Part 1

What Type Of Problem Solver Are You?

Social Entrepreneurs need to be innovative problem-solvers to identify and apply practical solutions to problems, combining innovation, resourcefulness and opportunity. They identify major social problems and so, as such, need to find creative solutions and generate new ideas.

Often the desired criteria for a  job advertisement is “Good problem solving skills”. Any successful business or life activity demands the ability to problem solve. Good problem solving skills are identified in the workplace as highly valued skills and employees who boldly face daily problems and challenges are worth more to an organisation than those who passively rely on their supervisors. Even in my own experience, it was the staff with good problem solving skills that I gave more responsibility to. I have qualifications as an Early Childhood Educator and one of the main areas of development that we would focus on was developing a child’s problem solving skills because of the importance of these skills. In my years of education, business and leadership, I have identified 5 types of problem solvers. Continue reading “Keys To Successful Problem Solving – Part 1” »