Social Entrepreneurs | What are its types | Who is Social Entrepreneur

Social Entrepreneurs | What are its types | Who is Social Entrepreneur

Social entrepreneurs is one who takes up a social problem and meets it with an innovative solution.

Social entrepreneurs have a high degree of motivation and are visionary and aim to change things.

Who is Social Entrepreneurs?

A social entrepreneur is a person who follows a path that has the potential to solve community-based problems.

These individuals, through their own initiative, are ready to take risks and try to bring positive changes in the society.

Types of Social entrepreneurs :

Social-Entrepreneurs

  • Transformational social entrepreneurs

These types of entrepreneurs build businesses capable of meeting social needs that are not being adequately met by governments and other businesses.

These companies are sometimes developed in institutions and the social entrepreneurs involved must have the skills and ability to operate a large team.

One benefit of being a transformational social entrepreneur is that it can be easy to recruit great volunteers.

A negligible disadvantage is not that it can be more difficult to comply with a large web of mutually related rules, regulations and policies.

Non-profit social entrepreneurs

These social entrepreneurs are more focused on social wealth than wealth.

For this type of social entrepreneur, social goals are always more important than profits.

While social entrepreneurs are often better at meeting their social goals due to greater availability of funds,

they may have little motivation to generate those funds.

The precise structure of a nonprofit organization can vary depending on legal jurisdiction, but overall,

the nonprofit organization exists not to generate revenue for shareholders and stakeholders,but to create an enterprise focused on a specific cause.

Executive leadership can often be compensated fairly well for large non-profits;

Their income is generally not as high as the leader of a similarly sized organization in the private sector,

but nonprofit companies spend money on salaries, marketing and operating expenses such as offices.

Non-profits can focus on specific issues, such as the treatment of a rare disease or their mission may be slightly more general and focus on broader categories such as social impact,

early childhood education, women’s health, and cancer research.

Community social entrepreneurs

These social entrepreneurs want to venture within a relatively narrow geographic area to meet the social needs of the community.

Community projects are the best example of the idea that anyone can be a social entrepreneur.

You don’t need a business degree, power, or connection to affect change where you live.

An advantage of this type of entrepreneur is that your company becomes more sustainable over time, since there are vested interests for all parties.

Sometimes a significant associated disadvantage is that the decision-making process can be slow due to the large number of people making the decision.

A community project is a relatively small-scale effort to address a problem within a specific community.

Social, environmental and economic issues are the main focus of most community projects.

Social purpose business Entrepreneurs

An organization that attempts to strike an ideal balance between for-profit organizations and non-profit programs is known as a social purpose business.

Social entrepreneurs who follow this path believe that the pursuit of financial gain is not accompanied by ethical, discretion-focused action.

These types of businesses attract affected investors.

Impact investing operates like any traditional business investment or venture capital effort, with the added concern of producing only the social good.

An investor would like to ensure that their investment moves towards a business model that is not only likely to succeed,

but is likely to succeed in its mission to effect positive change.

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Some very famous people who inspire others to do social entrepreneurship:

Margaret Sanger:

She was the founder and leader of the Planned Parenthood Federation of America, which championed the worldwide family planning system.

Vinoba Bhave:

Bhave is a prominent figure in Indian modern history and were the founder and leader of the Bhoomi Bhagat movement that helped actualize the untouchables of the land.

Susan B. Anthony:

He was the co-founder of the first women’s restraint movement for women’s rights in the 19th century and a prominent American civil rights leader.

Florence Nightingale:

She laid the foundation for the first school of nurses and worked to improve hospital conditions.

Maria Montessori:

Leader in Education. Developed the Montessori approach to early education in children.

These are some examples of people who fought for various aspects of change in their field of work in which they brought change.

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