Social entrepreneurs identify resources where people only see problems. They view the villagers as the solution, not the passive beneficiary. They begin with the assumption of competence and unleash resources in the communities they’re serving.

-David Bornstein, Author

How to Change the World: Social Entrepreneurs and the Power of New Ideas. We see how beautifully social entrepreneurs have been defined by Bornstein. Social entrepreneurs combine commerce as well as social causes to improve the lives of people interconnected with the cause. They do not measure their success only with the metrics of profit, but also how much they have contributed to the world. 

What is the meaning of the term “Social Entrepreneur”?

There are differing opinions on what social entrepreneurship is made of. Many believe that business entities make money and work for solving a designated problem by selling few products to their customers. While others say that business owners who work for solving a social cause make an issue of grants or government money are also known as social entrepreneurs. 

People are often attracted to a business that utilizes the social entrepreneurship model as they tend to solve a social problem when they spend money to find a solution to the problem. 

Attributes of a Social Entrepreneur:

– Focus on the ecological or social changes and at the same time make money as they support the change

– Aim to achieve a massive social change. 

– Offer innovation and solutions for any social cause. 

– Utilize feedback to fine-tune their actions.

Social Entrepreneur Vs Entrepreneur

People often confuse Social Entrepreneur with Entrepreneurs; hence it is necessary to understand the underlying difference. One of the most evident difference between them is their distinct end goals. As entrepreneurs measure their success through high-profit margins whereas Socialpreneurs define their success through successful operations in the community interest. 

Several social enterprises run only through volunteers and do not have the typical organizational structure. Those are primarily standalone ventures and entrepreneurs could begin with start-for-profit businesses that fund programs that support social causes. 

To understand the Industrialist better let’s go through some live examples:

• Ben & Jerry’s

It is an ice-cream firm that also dedicates a whole lot to make social good. As they say, their mission is “to create linked prosperity for everyone that’s connected to our business: suppliers, employees, farmers, franchisees, customers, and neighbors alike,” and they are strongly committed to the cause. 

The entity supports positive changes in organically cultivating and manufacturing processes, LGBTQ+ issues, and racial justice. 

• Books to Prisoners

This is a traditional non-profit organization based in Seattle, Washington. It aims to end the cycle of recidivism inside the prison walls. They accept book donations from community members, establish bookstores and repackage them, and send them to incarcerated individuals. 

Monetary donations are also utilized for supporting the operational costs such as renting office spaces and buying supplies to mail the books. 

• 734 Coffee

It is a place of refuge. They dream of building a better future for the displaced people of Sudan living in Gambela, a region in Ethiopia. Their coffee is harvested by cultivators in the Gambela region and then it is brought to the US and the proceeds go to fund education programs and scholarships for refugees of Sudan. 

They say their mission is simple, they make coffee for the greater good.

• Good Eggs

It is an online meal kit delivery and grocery service that sets itself apart with freshly grown local produce and meals for multiple occasions. They are on a mission to produce most of the food, wine, and spirits that are locally sourced. 

They also promote transparent business practices and reinforce their commitments towards the health and safety of their employees and communities they work with. 

Are you interested to become a Social Entrepreneur? You can’t pick a better time for it. Also, if you are a tech enthusiast you can check other DL blogs. 

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