Social entrepreneurs require motivation to keep marching towards their goals. Often, they suffer a lot during the start and need support to stay focused. They require financial support, exposure, technical support, and solidarity to remain operational. These forms of support can be sought in different places.
Funding is one of the most important factors in running any business. There are grants that are offered by philanthropic bodies, government bodies, and charitable organisations. These bodies invest in the social outcome of the business and do not require any financial return. Social entrepreneurs need to stay on the lookout and approach these bodies to seek funding.
Some social business models can generate profits and sustain themselves. This helps them to get the attention of debt investment funding and traditional equity. There are many businesses that invest in social enterprises. Some of these include establishments like Angel Investors, seed funding firms, and venture capital funds
Social entrepreneurs need to expose their business to people to get customers. What better way than using the most populated platforms in the world? The majority of the people in the world now have smartphones and are often on the internet.
Social enterprises should do self-promotion regularly to let people in on what they offer. This will lead to an increase in customers and profits. Social Media can also expose an organisation to helping hands who are willing to pump in funds.
Social enterprises are among the biggest drivers of social change in the world today. This is why they are popping up in most local communities globally. These organisations come up with solutions to cultural, social, and environmental challenges.
The world over, there are regular conventions that bring together social entrepreneurs to share and exchange ideas. Here are some of the best upcoming events for entrepreneurs.
GSG Impact Summit
The Global Steering Group hosts the annual GSG Impact Summit. Venues are announced several months before the event dates that take place from the 6th to the 8th of October. Last year’s event, initially scheduled for South Africa, took place online after the outbreak of the Coronavirus pandemic.
However, the annual GSG summit will be hosted online from the 6th to the 8th of October 2021.
Different speakers from government, IT, business, economics, finance, academia, among others, will grace the event. The main themes are mobilising capital for impact, emerging economies, green and social solutions, and transparency.
Attendees can expect keynote speeches, comprehensive discussions, and solutions to identified problems.
Social Enterprise World Forum (SEWF)
SEWF is among the most influential social enterprise events, attracting thousands of innovators and investors globally. The event has moved to a new location since 2008. Last year, it was hosted virtually because of the Coronavirus containment measures.
This year’s hybrid event will be held in Brisbane, where people can participate virtually or in person. Four themes were highlighted; the SEWF 2021 (28th -29th September), Rural Forum (27th -28th October), Academic Forum (16th -17th November), and Policy Forum held earlier from (27th -28th April 2021).
Ashoka Changemaker Summit (ACMS)
The summit takes place in Turin every December. However, online discussion forums and networking begin from September before the main summit. ACMS is among the largest online events for both system-changing entrepreneurs and social go-getters globally.
The social event connects a huge community of leaders and world-leading social investors from business, government, private sector, and philanthropy.
This year’s summit focuses on promoting changes in different areas like climate, technology, children, youth, women, and diversity. The sessions will encourage learning and building trust.
ChangeNow is renowned as an event that provides for discovering, testing, and discussing solutions to pertinent global problems. This year’s event was held virtually from the 27th to the 29th of May.
Attendees can always expect to interact with like-minded people while engaging in meaningful conversations. Organisers also invite people who have pioneered excellent changes in their societies. With more than 1000 solutions provided, 500 speakers, and more than 250 hours of exclusive content, this is an event worth attending!
If you are a social entrepreneur, the above effect holds great potential to open your mind and to help you grow. Some of them are virtual, hence very easy and convenient to attend.
Social entrepreneurship events bring together social entrepreneurs for different activities, among them discussions about challenges in their various fields. They also look for solutions to such challenges and give lessons on how to build better enterprises.
They are resourceful, and every social entrepreneur should make an effort to attend them often. There are many popular topics discussed at such events.
Types of Social Entrepreneurs
Social entrepreneurship is a broad subject, and there are different types of social entrepreneurs. At social entrepreneurship events, organisers often begin with an introduction of the various types of entrepreneurs.
These include non-profit entrepreneurs, transformative entrepreneurs, and global social entrepreneurs. This topic aims to enable the participants to learn more about social entrepreneurship and where their businesses or organisations fall.
Sustainable leadership entails managers and CEOs being able to lead companies or businesses by incorporating long-term sustainable goals in their environment.
This topic will help attendees to develop the best business strategies to propel their enterprises to profitability and sustainability. In most cases, speakers are drawn from top companies and organisations that support social entrepreneurship.
Attributes of Successful Social Enterprises
On this topic, participants can learn from successful managers or CEOs about how to grow their social enterprises to optimum levels. For a social enterprise, success means profit alongside benefit to the specific cause (environmental or community-wise).
One of the key points within this topic is to learn how to read data from similar enterprises and how to apply it to one’s venture.
Social entrepreneurship is the process applied by individuals, enterprises, groups, and organisations to create solutions to social, environmental, and cultural problems. Profit-making enterprises come up with strategies that improve social impact in society—for instance, building schools or health centres in rural areas.
Creativity entails setting the goal and analysing the current problem-solving skills needed. Social entrepreneurs must create a vision and ways of accomplishing it.
Secondly, entrepreneurs need to remain focused and realistic on the vision. Therefore, they should not quit until society benefits from the project. The social impact evaluates if the project will remain sustainable after the sponsors are gone.
Ethical fibre remains important because leaders hoping to change the world need to be trustworthy. A good leader aims at solving the problem rather than making a profit.
Drilling and construction of freshwater wells in remote and drought-stricken regions is a classic example of social entrepreneurship. In this case, the entrepreneur or organisation identifies vulnerable communities and embarks on the project.
A modern example is providing computers and Internet connections to ensure that young people can access information and learning resources.
Any individual, business, organisation, or governmental authority can participate in social entrepreneurship. This is done by creating solutions to community-specific problems.
You can learn more about social entrepreneurship by attending virtual forums such as ChangeNow and the GSG Impact Summit.