Social entrepreneurship has become, in recent years, a good way to achieve self-employment, while also having a positive impact on our environment, both socially and environmentally. Its popularity has grown enormously in a very short time.
But interest in social entrepreneurship transcends the phenomenon of popularity and fascination with people. Social entrepreneurship signals the imperative to drive social change, and it is that potential payoff, with its lasting, transformational benefit to society, that sets the field and its practitioners apart.
Here you are 7 tips to start with your own social business!
- Write a mission statement. It is very important that you think about the social and environmental impact of your actions, as well as who are the people or groups that will benefit from your social business.
- Research the field. It is very important that you base your social business on a real existing need. Make sure that your product or service has a place in the market!
- Conceptualize your unique offering. DIFFERENTIFY YOURSELF, it is essential to stand out in a somewhat saturated market.
- Reach out to team members for feedback and support. Create and build a team sensitized and motivated to achieve goals.
- Develop your business model. You have models such as the social CANVAS that will help you in this definition.
- Identify initial funding sources. Define in your business plan where the initial funding will come from (if additional resources are needed).
- Write an action plan (and stick to it). Plan, plan, plan. It will keep you motivated and aligned with your goals.
So… Let’s get Down to Business! We have already developed the initial research before we start developing our Hackathon training materials, we’ll tell you all about it soon!