{"id":63,"date":"2019-10-03T17:12:53","date_gmt":"2019-10-03T16:12:53","guid":{"rendered":"https:\/\/kleosafrica.com\/blog\/?p=63"},"modified":"2023-11-10T05:04:32","modified_gmt":"2023-11-10T04:04:32","slug":"the-social-entrepreneur","status":"publish","type":"post","link":"https:\/\/kleosafrica.com\/blog\/2019\/10\/03\/the-social-entrepreneur\/","title":{"rendered":"The Social Entrepreneur"},"content":{"rendered":"\n<p>Grameen\nBank. The Salvation Army. Mercy Corps. The African Leadership Academy.<\/p>\n\n\n\n<p>Unlike the typical technology entrepreneur who is spurred on by innovation and the lure of riches, the social entrepreneur is inspired by a noble desire to make a difference in the world. They are action-oriented idealists \u2013 sensitive enough to see a need in the world, and tough-minded enough to decide to do something about it. While many social enterprises have a missionary or religious outlook (indeed the Catholic Church feeds, educates and cures more people than any other organisation in the world), many social enterprises have grown out of a more secular, but no less humane, orientation.<\/p>\n\n\n\n<p>The\nsuccess of social enterprises is usually measured not merely by financial\nmetrics, but by the good they have done in the world \u2013 the impact they have had\nin the lives of their beneficiaries. That said, they also pursue growth and\nprofits in support of their broader social mission.<\/p>\n\n\n\n<p>To\nthat end, they are often characterized by the following business implications:<\/p>\n\n\n\n<ul><li>Social enterprises are usually funded by the\nfounder(s), friends, family, banks and in some cases, angel investors or\nventure capitalists (if the investors sense growth potential) <\/li><li>The growth trajectory of the business depends on\nthe founders and investors.<\/li><li>Since they are focused on solving social\nproblems, a formal exit is rarely envisioned, with the exception of an\nacquisition by a larger socially oriented firm<\/li><\/ul>\n\n\n\n<p>Lifestyle\nimplications for social entrepreneurs vary, depending on the type of venture\nwhich the founder envisioned, its reach and its funding (friends and family vs.\nformal investors)<\/p>\n\n\n\n<p>The\nsocial entrepreneur is usually driven by lofty ideals, expressed in charters\nsuch as the United Nations\u2019 Sustainable Development Goals \u2013 gender quality,\neradication of hunger, poverty, protection of the environment, etc. Profit is\nusually pursued, to ensure sustainability, but most times the profit motive is\nsubordinated to the larger impact motive.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The social entrepreneur is inspired by a noble desire to make a difference in the world. They are action-oriented idealists \u2013 sensitive enough to see a need in the world, and tough-minded enough to decide to do something about it. <\/p>\n","protected":false},"author":1,"featured_media":64,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[6],"tags":[16,17],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/kleosafrica.com\/blog\/wp-json\/wp\/v2\/posts\/63"}],"collection":[{"href":"https:\/\/kleosafrica.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kleosafrica.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kleosafrica.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/kleosafrica.com\/blog\/wp-json\/wp\/v2\/comments?post=63"}],"version-history":[{"count":1,"href":"https:\/\/kleosafrica.com\/blog\/wp-json\/wp\/v2\/posts\/63\/revisions"}],"predecessor-version":[{"id":65,"href":"https:\/\/kleosafrica.com\/blog\/wp-json\/wp\/v2\/posts\/63\/revisions\/65"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kleosafrica.com\/blog\/wp-json\/wp\/v2\/media\/64"}],"wp:attachment":[{"href":"https:\/\/kleosafrica.com\/blog\/wp-json\/wp\/v2\/media?parent=63"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kleosafrica.com\/blog\/wp-json\/wp\/v2\/categories?post=63"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kleosafrica.com\/blog\/wp-json\/wp\/v2\/tags?post=63"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}