‘‘Objection!’’ this is the word that keeps echoing inside our minds starting from the moment we wake up till the moment we go back to sleep. It’s the fine line that separates an ordinary person from an entrepreneur. The latter chooses to face the objectionable circumstances and eradicate them in an effective action, while the other simply keeps repeating the same word in the following day. Entrepreneurship has traditionally been defined as the process of designing, launching and running a new business, which typically begins as a small business, such as a startup company, offering a product, process or service for sale or hire, and the people who do so are called ‘entrepreneurs’. People commonly confuse the broad term ‘’Entrepreneurship’’ with ‘’Social Entrepreneurship’’.
The two words, social and enterprise, might seem paradoxical to be put together. Entrepreneurs are generally linked to making profits for themselves and the shareholders, so they seem unlikely to be associated with social interests. Meanwhile, this is not entirely true. A social entrepreneur is defined as “someone who recognizes a social problem and uses entrepreneurial principles to organize, create, and manage a venture to make social changes. While both will have certain similarities between them, there are differences that make the social entrepreneurship unique from its bigger brother, commercial entrepreneurship. The first difference would be the aim, or the mission of both entrepreneurships. While traditional business entrepreneurships usually have the aim of creating profitable gains while maintaining a lower cost of production, social entrepreneurship aims to accomplish targets that are social and or environmental as well as financial. Therefore, we can say that the primary difference between social entrepreneurship and traditional business entrepreneurship is the purpose of setting up the enterprise and how they assess their success.
A social entrepreneur is someone who uses business principles to address social or environmental problems. Social entrepreneurs become experts on the problems they fight — whether those are local, regional, national, or global — and, as often as not, they’re visionaries.
Nowadays, we are facing challenges like never before. The world’s “to do” list is enormous and growing. For social entrepreneurs, that means take your pick — please! You can start small, focusing on a narrow, local issue, and work your way up to bigger and broader goals, building on your successes. The good news — and the bad news, of course — is that there is no shortage of problems around, waiting to be tackled.
Things needed to be done yesterday! You sense the urgency.
Is it that others just haven’t got around to it yet? Is there a lack of knowhow or available resources?
At this point, it doesn’t much matter. Somebody has to do something.
And you have a feeling that somebody is you.