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)
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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.
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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.