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How to Support Social Entrepreneurs

How to Support Social Entrepreneurs - How to Support Social Entrepreneurs

It is important to be understanding and supportive of the social entrepreneurs around you. Even if you do not understand their passion, remember that they play a huge role in making the world more liveable. Also, your response to them always has an effect.

It is, therefore, nice to take it as a responsibility to have a positive effect on any social entrepreneur you meet. Your support, no matter how seemingly remote, always goes a long way. Here are a few ways you can support social entrepreneurs near you.

Speak Encouragement

Social entrepreneurship is a difficult job. Social entrepreneurs are vested both personally and professionally in their daily work. With a constant decrease in emotional support the world over, these people need regular motivation to keep up their good work.

You do not require any knowledge about a Social Enterprise business to remind them that they are loved, valued, and are trying their best. Such words can help them forge ahead with the business even at their lowest point.

Ask Questions

Social entrepreneurs are passionate people. Their work is what captivates their minds every day. Allowing them to share their dreams makes them feel supported and relevant. Make sure you ask them about their organisation, their progress, or any social problem they might be tackling. This will help them to keep moving.

Do Not Ask About the Money

Most social entrepreneur organisations have no profits, especially in their early stages. You may not understand why one would quit a high paying job to help people. You should understand that social entrepreneurs are not in business only for the money.

They desire to bring a positive change. It is also important to know that growing a new business to maturity requires one to take risks and sacrifice. Therefore, do not make money the axis of your conversations about their work.

Give Donations

It is important to help social entrepreneurs in their fundraising campaigns. Giving donations enables them to learn about your support in their course. Any amount of money you donate will create a difference whenever you can support them financially.

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Where can Social Enterprises Get Support?

Where can Social Enterprises Get Support - Where can Social Enterprises Get Support?

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.

Getting Funding

Where can Social Enterprises Get Support 3 - Where can Social Enterprises Get Support?

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.

Investment Funding

Where can Social Enterprises Get Support 2 - Where can Social Enterprises Get Support?

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 Media

Where can Social Enterprises Get Support 1 - Where can Social Enterprises Get Support?

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.

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Understanding Social Entrepreneurship- What it is, How it Works

Understanding Social Entrepreneurship What it is How it Works - Understanding Social Entrepreneurship- What it is, How it Works

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.

Characteristics

Understanding Social Entrepreneurship What it is How it Works 1 - Understanding Social Entrepreneurship- What it is, How it Works

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.

Examples

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.

Eligibility

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.