Author: solfinderblog

Learning From the Social Entrepreneurship Model.

Learning From the Social Entrepreneurship Model.

Education is primarily viewed as an issue to be addressed by the public sector in the United States. Both federal and local governments are busily engaged in preparing students to face the real world. However, this poses a challenge, not only in the education space, for the private sector to solve the issues.

In this case, social entrepreneurship comes in as a solution to bridge the gap between the public and private sector. This is well known to the founder of aha! Process, Dr. Ruby Payne, whose education framework aims at giving people a better understanding of poverty. Her framework has now practically made its way in almost every school district in the States.

Payne says credits her success to three social entrepreneurship ways which saw her initiative get through.

  1. Lay the disruption framework.

It’s quite hard to be impactful without strong public reception and adoption of your solution, especially in the education sector. This means one has to device a very ‘innovative solution to an outdated problem.’ this is where the social entrepreneurship model comes in.

Payne managed to disseminate and sell over 1.8 million copies of her education framework book: A Framework for Understanding Poverty. Her philosophy and findings then got attention from educators, interested parties, and community leaders, than she could have ever managed as a teacher. This disruption made her solution innovative and well-received.

  1. Optimize for impact.

While idea implementation tends to pause a significant challenge to entrepreneurs due to the many available considerations and fears, the social entrepreneurship model tends to be more communal, making market penetration much more accessible. For Payne, she began with her local community before scaling up.

  1. Cuts down the feedback cycle.

Critics are always present for social entrepreneurs. However, they tend to first execute their ideas and welcome feedback at the end of the project. This gives them a significant growth opportunity.

 

References

https://www.forbes.com/sites/stephanieburns/2019/09/09/3-ways-the-social-entrepreneurship-model-can-help-your-business-achieve-hypergrowth/#1a15b1a04670

 

Displaying Care through Entrepreneurship.

Displaying Care through Entrepreneurship.

Since 2017, Atma Jaya Catholic University (ACU) has been holding a Social Entrepreneurship (SE) Marketplace which emphasizes three important values which are Innovative, Interact, and Influence also abbreviated as I3.

The 2018 SE Marketplace had 25 participants who were grouped into three categories, namely social development, environment, and health. Sustainable Development Goals (SGDs) and I3 values were still the emphases, and that had to be shown in the designs, services, products, and ideas, presented in the event. These events are hoped to turn some participants if not all, to social entrepreneurs aligned to ACU core values.

Besides the 25 participants, eight companies had also attended the event showing their involvement in SGDs and social care. Lecturers, alumni, and students who had innovative ideas or programs that would provide solutions to social problems were gathered together through this event. Those social entrepreneurs among them who had a problem with media promotions, funding, resources, and facilities were to receive help. To participate in the SE Marketplace, one had to submit a proposal for their program or idea.

One of the 2018 SE Marketplace was Hermawan, an alumnus of ACU, Faculty of Biotechnology. He presented two of his innovations in the event; Flowers of Hope (FoH) and Lafidelite.id. Lafidelite.id, which was co-founded with a friend, produced different ornamental flowers made from unused flowers and preserve through a given technology so that they can last for a longer time. FoH, on the other hand, is a product produced to provide social services to farmers.

However, financial constraints have been a real problem for Hermawan and his friends. The process of preserving the flowers is quite complicated and costly, while at the same time, they want to have regulated sales price to enable them to compete with imported preserved flowers.

 

References

https://qswownews.com/creating-a-social-change-through-entrepreneurship/

 

Women Entrepreneurs empowered in a FICCI FLO talk.

Women Entrepreneurs empowered in a FICCI FLO talk.

The Northeast Ladies Organization, Federation of Indian Chambers of Commerce & Industry (FICCI) in partnership with the United States Consulate had organized a social entrepreneurship talk- ‘Social Entrepreneurship: Building a Business Around People, Planet & Profit,’ recently at Guwahati.

Dawn Manske, the US speaker and the founding CEO of ‘Made For Freedom,’ a fashion social enterprise that uses its products to empower survivors of sex trafficking, presented the talk. Manske does not only rescue women from sex trafficking but also empowers them through designing skills, gives them a good wage and provides them a safe place and the dignity for self-support.

About 35 women entrepreneurs from the region had attended the round-table discussion and presentation. The women were encouraged to display their skills, talents, energies an experiences in whatever sector use them for economic empowerment. Shweta Jindal, the FLO northeast secretary, assisted in conducting the event.

Manske acknowledged that today’s business building models have changed much, with their focus primarily based on people, benefits to the planet, and profit-making. Today, consumers can question a company or a brand to know more about who makes the product, and can defy to purchase the products in their makers are mistreated.

Dr.  Srutimala Duara, the chairperson of FLO, also pointed out that FLO aims to help women become economically independent through empowerment. Gathering a lot of wealth for ourselves is not enough, we need to help others rise as well, and by so doing, we can develop a prosperous society, adds Duara. She sited people like Edgar S Woolard of Du Pont, who saw it fit always to nourish the environment that takes care of us.

 

References

https://www.eastmojo.com/assam/2019/09/13/ficci-flo-organises-talk-on-social-entrepreneurship-in-assam

It’s Time for Change in Social Entrepreneurship Says, Drayton.

It’s Time for Change in Social Entrepreneurship Says, Drayton.

It’s not possible to think of the history of social entrepreneurship without thinking of Ashoka’s CEO and founder, Bill Drayton who is the father of social entrepreneurs. His social enterprise, Ashoka was founded in 1980 whose idea struck him at age 18 when he was visiting India. It is then he realized that entrepreneurs could cause systematic change that was impactful to the lives of many people.

However, he acknowledges that it was not easy to leave a successful career to make that leap. He created Ashoka at a time when several countries had just acquired independence, and the enterprise would help social entrepreneurs across the globe, unleash their potential to bring systemic change to better the world.

Ashoka did not manage to secure the foundation’s support for the first five years because Drayton could not prove what impact his social enterprise could bring.

Today, Ashoka has funded about 4000 changemakers and has caused invaluable change even to people who have never interacted directly with it.

Drayton, however, says that social entrepreneurship has reached a turning point. Politics of “us versus them” and the ever-enlarging gap in income differences are causing great effects in the world that are making an adaption to change and complicating the abilities to create change.

Ashoka is, therefore, seeking for children and other people involved in teaching children growing in today’s fast-paced world, and teaching them ‘how to develop change-making skills.’

Drayton says that these skills can be nurtured even at home, by encouraging creative thinking whenever faced by a challenge. Parents should avoid doing all their children’s work by allowing them to attempt. This way, they encourage the actions that drive change.

 

References

https://www.forbes.com/sites/devinthorpe/2019/09/13/father-of-social-entrepreneurship-says-society-is-at-a-profound-turning-point/#7a5ae7154d6c

 

 

Top 5 Social Entrepreneurship Ideas for 2019

Top 5 Social Entrepreneurship Ideas for 2019

Do you want to make a profit while making a difference in your community or globally? Why not take the plunge by starting either of the following businesses? You see, social entrepreneurship involves identifying a problem, coming up with a solution and reaping profits; clean profits. So, which businesses should you start in 2019?

Let’s find out

  • Alternative power generation

What about generating power from other sources? This can be biogas, solar, or even hydroelectric power. These sources are eco-friendly, and the cost of production is significantly low. Once you get a permit from the necessary authority to distribute power, you can target schools, hospitals, religious places, etc.

  • Digital nomad centers

With more companies hiring freelancers, it is no brainer that freelancers are on the rise. As such, the need for high-speed internet and serene working environment is on the rise. You can tap into this by creating a center where freelancers can work for a fee. Provide them with internet and you are bound to more and more join.

  • Collecting old textbooks for social good

You can partner with various high schools and colleges. Students can donate books at the end of each semester and in return, send them to underprivileged societies.

  • Micro-lending

Many young people are willing to start disruptive businesses but lack capital and resources. As such, you can start a platform where people/organizations can lend these startups loans. Charge a small fee for each loan processed and make profits.

  • Eco-friendly wood stoves

In most developing countries, women and kids succumb to respiratory-related illnesses. A majority of them is due to smoke coming from burning charcoal. You can develop efficient wood/charcoal stoves and sell them at a cut-rate price.

Source: https://frontierpost.com.pk/social-enterprise-business-ideas/

 

Social Entrepreneurship at the Margins Program to Help Solve Many Social Challenges Facing Refugees and Immigrants

Many are the people in most parts of the world who are living on the margins with no control of their plight after having been displaced from the places they ever called home. They have no one to turn to and thus live miserably with no one to turn to. The Miller Centre for Social Entrepreneurship at Santa Clara University has shown that social entrepreneurship is well-placed to settle these challenges through their program which they started in 2018 titled Social Entrepreneurship at the Margins (SEM). This program is funded by philanthropic organizations and other donors to sharpen the skills of social entrepreneurs who are aimed at handling this challenge as the world continues to face increases rates of refugee and immigration.

Some of the ways through which the program is going to impact the word include mentoring and training social entrepreneurs such that their ideas could be nurtured well to be able to pay dividends. Their ideas should be sharpened through such forums to solve these challenges.

Secondly, to address these challenges, social entrepreneurs need to work on their ideas so that they can be able to brew up better jobs. By this, many refugees will be able to get involved in more dignified jobs that will help them to cater to the needs without necessarily relying on their host governments and other donors to support them.

With a well-developed idea, workshops can be a bridge that new ventures could use to secure funding from donors and venture capitalists. Through such fora, entrepreneurs are equipped with the knowledge of how they can approach anyone for funding without experiencing hardships.

Reference

https://www.tripplepundit.com/story/2019/silicon-valley-program-boosts-socialentrepreneurship/84321

 

 

Empathy, the First Skill Needed by Any One Undertaking Social Entrepreneurship

According to Sarah Holloway, any successful social entrepreneur needs to have empathy as the first and very key skills to succeed in it. However, to get funding, one needs to be able to make well and tell great stories about beautiful ideas is necessary. Sarah has worked in the non-profit and public sector for 25 years. She is a member of the SIPA Faculty and Social Entrepreneur in Residence at the Columbia Startup Lab. She, therefore, possesses very important information that has helped many students she has mentored in this field.

For Sarah, social entrepreneurship simply means the practice that involves solving social challenges globally through the application of market-based strategies. She said that social entrepreneurs are people who empathize with the situation, easily adapt and are patient since their drive is to build wit and not for. Social entrepreneurs also know how to listen to their customers well and they can use technology as a tool which supports growth, enables scale and can greatly enhance transparency.

To work in different cultural settings, it is key for every social entrepreneur to very authentic. By being authentic it means they understand their customers very well. They should either be coming from the same geographical location of the area whose challenge they are trying to solve or they have been able to experience a similar challenge elsewhere.

She emphasized that one of the critical skills a social entrepreneur should have is empathy. Secondly, a social entrepreneur needs to be very passionate about what he or she does. There is a need for them to be scrappy and resilient especially because many times social enterprises are under-resourced.

Reference

https://news.columbia.edu/news/sarah-holloway-social-entrepreneurship