Celebrity power couples who are also top entrepreneur-philanthropists

When we think about celebrities and their lifestyle, we often imagine is a world of fame and fortune where success can be defined by the awards and prestige that they can acquire over the years. Such is the typical story that we repeatedly see in the news but not everyone knows that many top stars have been taking the road less travelled by making the world a better place through the combination of their individual entrepreneurial feats and philanthropic efforts.

Let’s take a look at the top celebrity entrepreneur-philanthropists that are changing the world and leading the way to a new and better future.

 

Jay-Z and Beyonce

Image source: variety.com

With a combined net worth of $810 million, the couple’s fortune began in music but both have expanded their empire in the business world. While Beyonce owns her own fashion brand ‘House of Deréon’ and a line of personal fragrance, Jaz-Z runs his own entertainment company Roc Nation, LLC. He has also a clothing line (Rocawear) that sold in 2007 for $204 million.  Although the couple is not very outspoken when it comes to their philanthropic efforts, their charitable contributions are doing the talking, participating in community efforts through the BeyGood foundation and Jay Z’s Trust Fund for Sean Bell’s Children.

 

Mark and Priscilla Zuckerberg

Image source: fortune.com

Facebook creator and CEO Mark Zuckerberg and his wife Priscilla are the youngest couple to be included in CNN’s 10 wealthiest couples in the world and has a combined net worth of $38.5 billion. It was in 2010 when Zuckerberg committed to give away the majority of his wealth by signing the Giving Pledge and in 2014, the couple donated $25 million to the Centers for Disease Control Foundation to fight Ebola.

 

John Travolta and Kelly Preston

Image source: closerweekly.com

Travolta was the guest speaker of this year’s City Gala organized by Entrepreneur Media. The event featured stars and entrepreneurs, highlighting celebrity philanthropic efforts and how it can make the world a better place one cause at a time.  Travolta and Preston founded the Jett Travolta Foundation in 2009 after the death of their son to support several specific causes for women and children in need.

REPOST: The hottest business trends are circular

Efforts to making the world and its many businesses more sustainable will largely depend on how we use, conserve, and maximize available resources. Here is an article from GreenBiz that illustrates how business and sustainability experts are striving to “go circular,” implementing more reliable processes for sustainable inputs, improving product design, and closing material loops.

 

 

In a resource-constrained world, there’s no room for waste. Getting creative with the way we obtain, use and dispose of materials will be key for a successful and sustainable global economy.

 

Business and sustainability experts across the globe are making a move to “go circular,” implementing better processes for sustainable inputs, improving product design and closing material loops.

 

This is the basis of the circular economy. It’s also one of the biggest business opportunities of our generation.

 

The Business and Sustainable Development Commission report, Better Business Better World, indicates that achieving the SDGs could create at least $12 trillion in business value by 2030 and generate up to 380 million jobs. The report highlights the circular economy as being one of five key game-changing business models that are helping to realize the SDGs and the market opportunities that they represent.

 

The circular economy itself is a $4.5 trillion opportunity, according to Accenture forecasts. Who wouldn’t want to get involved?

 

Recent research shows that eight materials are responsible for 20 percent of global greenhouse gas emissions, 95 percent of water reuse and 80 percent of land use. Implementing circular economy principles for these materials could help address climate change, water scarcity and land-use issues.

 

Solutions in food and shelter are the two biggest priorities with the most positive impact potential.

 

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Three business habits the neophyte entrepreneur must develop

Image source: i-cares.com

 

The world of entrepreneurship is highly competitive and anyone who wishes to successfully overcome the challenges of this environment should not only adapt to its ever-changing trends but should also possess the most critical skills in the business.

 

However, most people believe that these skills are innate and one who isn’t born with them can no longer have the chance to make it big in the market world. Nonetheless, whether this claim is true or not, experts have suggested that developing the right habits can be a better and more efficient alternative. So how do we define the best practices that make a successful businessman?

 

If you are a neophyte entrepreneur, the demand in skills and talent can be intimidating. However, developing the following business habits can guarantee you a great start on the first stages of your business ventures:

 

  1. Setting daily productivity goals.

Focusing on being productive every day is a habit that young businessmen should have. It’s important to realize the value of being able to accomplish even just simple goals from one’s to-do list. Remember, no goal is big or small if you just have to right attitude.

 

  1. Developing an eye for details.

Pay attention to everything that you encounter every day. This habit of focusing on the present and concentrating on the details of any activity that you’re engaged in is an effective way to develop a range of critical business skills such.

 

  1. Practicing your mental reflexes.

Having the ability to think quickly and respond to a dynamic environment can be honed through the habit of continuous practice and keen observation. For someone to successfully run a business in a competitive market, being nimble and making instantaneous but wise decisions can make a huge difference.

 

REPOST: Female angels need to give women entrepreneurs wings

Fewer women invest in businesses than their male counterparts, and this is probably the main reason why many female-led, women-focused enterprises do not get enough funding that they otherwise deserve. Here’s an article from The Telegraph to discuss this issue in more detail:

 

CREDIT: NEUSTOCKIMAGES

Female-run businesses are failing to raise the money they need to succeed, says Kirsty Grant, the investment director of Seedrs, one of the biggest crowdfunding platforms in the UK, and it is all because of a shortage of female angels.

 

“There’s a lack of women investors coming through,” Grant says. “If female-led businesses aren’t getting funding, we’re missing out on some potentially great businesses. Not just female-led ventures but, crucially, female-focused ones.”

 

One recent Seedrs campaign that fell short of its funding target was Evarae, a line of high-end swimwear, created by a former Topshop designer.

 

“It was a beautiful campaign but it couldn’t get across the line,” Grant says. “Research shows women aren’t investing money anywhere. They are holding funds in cash and sometimes property but very few are investing in stocks and shares.

 

“Yet when a female VC backs a female-led start-up it is 21pc more likely to succeed.”  Hayley Wells, a 24-year-old Coca Cola executive, bucks the trend. She invested in Evarae’s Seedrs campaign and was surprised when it did not make its target.

 

“I felt that men didn’t get the opportunity,” she says. “But because I back businesses that I like and understand, I saw the potential.”

 

Read the full story HERE.

Social entrepreneurship: Building dynamic and verdant business ecosystems

Social entrepreneur (noun). A person who pursues an innovative idea with the potential to solve a community problem. These individuals are willing to take on the risk and effort to create positive changes in society through their initiatives. (Source: Investopedia)

 

Image source: charityworld.com

 

After a much sought-out realization, social entrepreneurs have decided to change the world with their passion, determination, and ingenuity. With society being topsy-turvy most of the time, this oftentimes becomes a great challenge. Indeed, they have their work cut out for them. Furthermore, social entrepreneurship isn’t being taught in schools. So for the newcomers, that’s one more thing to worry about. True enough, they’ll learn on the job, but it won’t hurt to be prepared. According to some, starting out as a business leader might be the best way to equip oneself with the right tools to become a successful social entrepreneur.

 

As business leaders, they know what it takes for a startup to take off and extend their reach. The sad reality of the world is that most new businesses shut down within a year or two. If one’s business runs out of money, it certainly won’t bode well for the cause. Experienced business leaders all know too well how to raise capital, make the organization grow, and generate profit.

 

 

Image source: ied.eu

 

Furthermore, before a business leader can become who he is today, a lot of sweat needs to be shed first. With their years of experience and firsthand knowledge, they are able to network effectively which leads to opportunities. Social entrepreneurs will certainly benefit from this.

 

Lastly, social entrepreneurs need to sell without the buyer receiving just compensation for his investment. That’s a pretty disadvantageous position, but business leaders have honed and developed their sales prowess. They have the ability to take the enterprise to even greater heights.

 

REPOST: Balancing Rebellion And Collaboration In Social Entrepreneurship (Forbes)

Even in the most unusual of business approaches, collaboration is key to achieving success on any venture, advancing the lives of others, and creating societal change. Read this FORBES article for more meaningful insights.

 

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Rebellion and entrepreneurship often go hand in hand. For successful entrepreneurs, it’s a skill that must be fostered in order to make your way through the crowd and build a successful business. But although entrepreneurial rebellion is an important skillset, there’s a fine line when this rebellion is helpful to your cause and when it becomes detrimental to your organization.

 

For social entrepreneurs, this balance must be handled delicately.

 

Social entrepreneurship requires perseverance and the knowledge that you may need to break the rules – within reason – to get things done and build your business. This should be done in an intentional, well-thought-out and strategic manner. If you’re going to break the rules, know why you’re breaking them – and then blaze the trail for a new status quo.

 

Entrepreneurial rebellion should be done only when something about the current process or outcome needs to be improved. Being rebellious should not be done to spite others or make a statement – leverage rebellion intentionally with the goal of advancing your organization’s mission. And for social entrepreneurs, this mission is likely advancing the lives of others or creating societal change. Understand that your actions have downstream impacts and execute your strategies wisely.

 

When rebellion is used, it often comes with downfalls – alienation, bitterness, bad-mouthing traditional processes and organizations, or more. This puts entrepreneurs in a silo, often left out of the conversation and uninvited to the table. Handled inappropriately, entrepreneurial rebellion can backfire, so it’s important to do it the right way while working with others.

 

As you embrace entrepreneurial rebellion in hopes of advancing a social mission, make sure to stay balanced in how you work with others. Here’s how you will benefit:

 

1. Meaningful collaboration

For entrepreneurs who are overly rebellious, the opportunity for meaningful collaboration is often missed. Working with others, sharing tools and tips, and even working together on special projects can help transform small, incremental change into systematic change that can impact entire communities or societal systems. Collaboration brings diverse minds, skills and perspectives to the table. And if you’re working toward a common goal, collaboration and partnership may be the differentiating factor between winning and losing.

 

2. The ability to share failures

A valuable aspect of working with others is the ability to share failures. Although you may bash “The System,” this system likely has failures you can learn from. Don’t throw out and disregard the learnings that may exist in the experience of corporate culture, even if it’s not the culture you hope to emulate. Learn from it, and embrace the stories and advice from those who have tried and failed. This will help you avoid the same pitfalls as you continue your own entrepreneurial journey.

 

3. A network of support

If your rebellion burns bridges with other organizations, mentors or former colleagues, you lose valuable support. Entrepreneurship is hard, and building a business to impact others is challenging. Support from peers and others who know your industry or particular business is an important element to being a successful entrepreneur. If you cut off the community that can support you on good days and bad, your morale, team and company may suffer the consequences.

 

Best said by Marissa Mayer, “When you need to innovate, you need collaboration.” Be rebellious, break the rules and create a new status quo if this is what it will take to make societal change. But as you blaze the trail and develop new social innovations or models for impacting the world, don’t lose sight of the value in working with others.

 

Learn the balance and strive to maintain it.