A sneak into a life of a social entrepreneur.
As one takes a leap into being a social entrepreneur, the kind of mind shift and attitude that needs to be nurtured and developed is significant than any other business man.
Of course, the basics of entrepreneurship is key and necessary for a social entrepreneur too, like:
being clear in the direction with long term view
creating niche and innovative method of delivery
building and creating product/ services of highest order of quality
think global, act local and dynamically adapt with flexible structures
add value to self and others including society
having very high standards and constantly increasing them
functional and domain competence
ability to raise funds and cash flow
understand finance, legal and compliance requirements
ability to sell & market his/her services/product / concept
adapt latest and optimum tools and technology
create the need in the market / address the need of the market innovatively
must be able to have analytical / quantitative & qualitative decision making approach
learn in every step and mistakes and gain better understanding and gain insights to be wiser
May be there is more to this list, but as an entrepreneur if one can take care of all these dimensions, there is high probability of seeing and experiencing joyful and successful entrepreneurship journey.
As a social entrepreneur, along with these listed points there are few more areas that need attention and focus.
Working in the areas where there are society, people, government, public, and private parties are involved, extra caution and care is necessary beyond just running a business.
The ability to understand the intricacies’ and inter-connectedness of all these stakeholders is key.
Few areas that I feel necessary are:
This list can have many more valuable inputs from other experienced social entrepreneurs and philanthropists. I have shared with my limited experience and insights.
I urge to seek your valuable insights and focus areas for an entrepreneur especially social entrepreneur. Your inputs will help elevate and evolve many budding entrepreneurs like me to make bigger and long lasting impact.