What is social entrepreneurship? Basically, social entrepreneurs describe public problems and give business insight-fulness to dissolve it. Besides applying a venture entirely to arrive at an earnings, they aim at at the same time affecting a society and determining positive commute. The achiever of specified an endeavor is, hence, appraised not just on the fundamental of balance sheets, but on the effect it has had on a community.
Social entrepreneurship demands the same confidence, motivation and innovation as any other business, but in a manner that prioritises social development and the simultaneous creation of social and economic values. Hence, more than making a profit, it amounts to executing social change by means of unique solutions that help a community overcome established obstacles.
By definition, most social entrepreneurs take on problems that are ideally in the domain of government concern. Instead of waiting around for problems to be solved or brushing them under the carpet as many governments and societies are wont to do, they see them as opportunities to effect positive change. Social entrepreneurship is therefore all about combining a vision for a brighter future with the realization that, in order to achieve long-term goals, drastic effort and creative solutions are called for.
Like any other business venture, social entrepreneurship program can’t be isolated exercises. Most entrepreneurs, for instance, promote a non-profit organization in the hope that other individuals and agencies will move in to support the cause and help multiply its benefits across larger sections of society. The extent of success of such endeavors is often based on the amount of collaboration and grassroots involvement they are able to generate.
Furthermore, and just like business ventures, social entrepreneurship projects depend on some degree of risk-taking. Only, in this case, the risk is not limited to financial security but involves social activism and passion. In this context, social entrepreneurship activities may appear to be incredibly perilous, but the risks pay off many times more in terms of their benefits to society.