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Social Entrepreneurs

Many will view the world of entrepreneurialism as a means of developing a business to supply the financial requirements of household needs. The prevailing dream of most aspiring entrepreneurs is to work for themselves without the need to answer to a boss.
There is, however, a culture of entrepreneurs who not only seek to become self-sufficient in the business ventures, but they also seek to be agents of societal change.
The Schwab Foundation awards 30 international entrepreneurs with a Social Capitalist Award for not only succeeding in their profession, but also providing a sense of positive societal change.
The 2006 American Social Entrepreneur of the year winner was Kyle Zimmer and a company called First Book. This company has a desire to see low income children have every opportunity to read and own books of their own.
Statistics indicate…
61% of low-income families have no age-appropriate books in the home
80 percent of preschool and after-school programs that serve this group have no books at all for these children
There are 181,500 such programs in US cities with populations exceeding 50,000 alone
The children’s book market is a $27 billion industry with over 460 million books sold annually
In 2002, just 34.5 % of US households purchased at least one children’s book
The entrepreneurs at First Book have worked to provide new children’s books for less than $2.00 per copy to programs dealing with low-income children.
Because First Book is able to sell in mass quantities to grateful literacy programs they have a significant budget that allows them to provide books to severely disadvantaged children at no cost.
Reports indicate First Book has given away more than 43 million books since it’s inception in 1992.
First Book has shown it is possible to develop a business that allows you to do what you love and be paid to do so. They have also shown that they can take the passion of an entrepreneur and combine it with a desire to affect future generations in a positive way.
Finding the right business is discovering an underserved market and developing a solution to needs that haven’t been addressed elsewhere.
There are thousands of global social entrepreneurs who are giving back to their local, national and global communities.
In an era of governmental cutbacks and reduced budgets many of these social entrepreneurs are finding great satisfaction in contributing in a meaningful way to the things they are most interested in. The prospects are limitless and often provide a greater sense of satisfaction to those who include ‘others’ as part of their business plan.

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Start A Business And Bring Out The Entrepreneur In You

What is entrepreneurialism? Have you ever thought how entrepreneurs get where they are? Did starting up a business ever crossed your mind? If you have an eight-to-five job have you thought of working any hours you wish?
Entrepreneurialism is not only working the hours that you want to work, but usually involves working more! It’s also about taking the risk and having the initiative to realize your dreams. It’s not an easy way to make money at the start, so don’t consider it if you are dreaming of getting out of bed at noon and enjoying cocktails on the yacht. That comes later – much later. It does mean that you don’t have to keep the boss happy (unless you are married!).
It could also mean enjoying the things that you love and having the time to enjoy them, but also means passing it all up until you are able to do that. But to top it all, it means earning a higher income in the longer term with a business of your own. It usually takes anywhere between three and five years for a business to start making serious money. If you are luck to breakeven in the first couple of years you are doing well.
Having your own business will definitely give you a lot more freedom to do as you wish in due course… but there is a price to pay. If you do decide to take the plunge into entrepreneurialism and find a gap in the market, you will realise a new world of possibilities.
The things you will be able to do if / when you are successful are usually only dreams of a regular employee, but have you ever thought about making it a reality? Most people will tell you that a business of your own is the key, but how do you go about it?
There is no more job security and it would then be up to you to maintain your family in a good standard of living. However, if you have the spirit of entrepreneurialism in you, then you will be able to provide your family with a much higher standard of living than they have enjoyed to date; and the security of knowing that your fate is in your own hands.
Think about what you are doing now: you are working hard for the company, not really for your family. With the work that you do, who is earning the most? The answer to that question is obvious. Not you! How about setting up a business of your own? This is the day that you can open up your eyes to a different perspective of work, and make the decision to work for yourself.
The first step to becoming an entrepreneur is to make a choice. You decide whether you want to work for yourself or somebody else. You should decide whether you want a better quality of life, not only for you but for your family. In fact, entrepreneurs usually involve their families in the business and it is a great gift to pass on to your children someday.
The second step is learning what kind of business you’re going into. What field will you enter? What kind of business fits you? What type of entrepreneur are you? Note down all your strengths, weaknesses, interests, desires, and the hobbies that you like. What is your passion? What interests you the most?
Make sure that it is something that you love. It should be something that you enjoy doing. It should not feel like work! Most successful businesses will relate tales of founders who lived and breathed the business that they started. Most successful entrepreneurs would say that they enjoy their business life as much as they enjoy real life.
In becoming an entrepreneur, the third step involves researching your chosen business, and finding gaps in the market that have not yet been filled or can be handled much more competently. This is the most important part of the entire process: you cannot be an entrepreneur by being a ‘me too’. You have to lead the field, and do something new or a lot better.
Without enough research, your new business will only lead to an expensive hobby. Chances are, instead of the business supplying you with a steady income, you will be providing unnecessary expenses for a business that might fail in a very short period of time. Research involves checking out the market and the competition, and deciding that if competition is high, you look elsewhere. A gap in the market is what you should be looking for. Entrepreneurialism is all about finding that gap and taking advantage of it.
You cannot just decide to be an entrepreneur, nor are you born to be one. You must know how to take advantage of an opportunity, and also how to find that opportunity. However, when you do, you must put yourself into it wholeheartedly and stay with it until you own a chunk of that market segment. That is entrepreneurialism.

1 Comment Continue Reading →

Start A Business And Bring Out The Entrepreneur In You

What is entrepreneurialism? Have you ever thought how entrepreneurs get where they are? Did starting up a business ever crossed your mind? If you have an eight-to-five job have you thought of working any hours you wish?
Entrepreneurialism is not only working the hours that you want to work, but usually involves working more! It’s also about taking the risk and having the initiative to realize your dreams. It’s not an easy way to make money at the start, so don’t consider it if you are dreaming of getting out of bed at noon and enjoying cocktails on the yacht. That comes later – much later. It does mean that you don’t have to keep the boss happy (unless you are married!).
It could also mean enjoying the things that you love and having the time to enjoy them, but also means passing it all up until you are able to do that. But to top it all, it means earning a higher income in the longer term with a business of your own. It usually takes anywhere between three and five years for a business to start making serious money. If you are luck to breakeven in the first couple of years you are doing well.
Having your own business will definitely give you a lot more freedom to do as you wish in due course… but there is a price to pay. If you do decide to take the plunge into entrepreneurialism and find a gap in the market, you will realise a new world of possibilities.
The things you will be able to do if / when you are successful are usually only dreams of a regular employee, but have you ever thought about making it a reality? Most people will tell you that a business of your own is the key, but how do you go about it?
There is no more job security and it would then be up to you to maintain your family in a good standard of living. However, if you have the spirit of entrepreneurialism in you, then you will be able to provide your family with a much higher standard of living than they have enjoyed to date; and the security of knowing that your fate is in your own hands.
Think about what you are doing now: you are working hard for the company, not really for your family. With the work that you do, who is earning the most? The answer to that question is obvious. Not you! How about setting up a business of your own? This is the day that you can open up your eyes to a different perspective of work, and make the decision to work for yourself.
The first step to becoming an entrepreneur is to make a choice. You decide whether you want to work for yourself or somebody else. You should decide whether you want a better quality of life, not only for you but for your family. In fact, entrepreneurs usually involve their families in the business and it is a great gift to pass on to your children someday.
The second step is learning what kind of business you’re going into. What field will you enter? What kind of business fits you? What type of entrepreneur are you? Note down all your strengths, weaknesses, interests, desires, and the hobbies that you like. What is your passion? What interests you the most?
Make sure that it is something that you love. It should be something that you enjoy doing. It should not feel like work! Most successful businesses will relate tales of founders who lived and breathed the business that they started. Most successful entrepreneurs would say that they enjoy their business life as much as they enjoy real life.
In becoming an entrepreneur, the third step involves researching your chosen business, and finding gaps in the market that have not yet been filled or can be handled much more competently. This is the most important part of the entire process: you cannot be an entrepreneur by being a ‘me too’. You have to lead the field, and do something new or a lot better.
Without enough research, your new business will only lead to an expensive hobby. Chances are, instead of the business supplying you with a steady income, you will be providing unnecessary expenses for a business that might fail in a very short period of time. Research involves checking out the market and the competition, and deciding that if competition is high, you look elsewhere. A gap in the market is what you should be looking for. Entrepreneurialism is all about finding that gap and taking advantage of it.
You cannot just decide to be an entrepreneur, nor are you born to be one. You must know how to take advantage of an opportunity, and also how to find that opportunity. However, when you do, you must put yourself into it wholeheartedly and stay with it until you own a chunk of that market segment. That is entrepreneurialism.

1 Comment Continue Reading →

Social Entrepreneurs Help Change the World

Many will view the world of entrepreneurialism as a means of developing a business to supply the financial requirements of household needs. The prevailing dream of most aspiring entrepreneurs is to work for themselves without the need to answer to a boss.
There is, however, a culture of entrepreneurs who not only seek to become self-sufficient in the business ventures, but they also seek to be agents of societal change.
The Schwab Foundation awards 30 international entrepreneurs with a Social Capitalist Award for not only succeeding in their profession, but also providing a sense of positive societal change.
The 2006 American Social Entrepreneur of the year winner was Kyle Zimmer and a company called First Book. This company has a desire to see low income children have every opportunity to read and own books of their own.
Statistics indicate:
61% of low-income families have no age-appropriate books in the home.
80 percent of preschool and after-school programs that serve this group have no books at all for these children.
There are 181,500 such programs in US cities with populations exceeding 50,000 alone.
The children’s book market is a $27 billion industry with over 460 million books sold annually.
In 2002, just 34.5 % of US households purchased at least one children’s book.
The entrepreneurs at First Book have worked to provide new children’s books for less than $2.00 per copy to programs dealing with low-income children.
Because First Book is able to sell in mass quantities to grateful literacy programs they have a significant budget that allows them to provide books to severely disadvantaged children at no cost.
Reports indicate First Book has given away more than 43 million books since it’s inception in 1992.
First Book has shown it is possible to develop a business that allows you to do what you love and be paid to do so. They have also shown that they can take the passion of an entrepreneur and combine it with a desire to affect future generations in a positive way.
Finding the right business is discovering an underserved market and developing a solution to needs that haven’t been addressed elsewhere.
There are thousands of global social entrepreneurs who are giving back to their local, national and global communities.
In an era of governmental cutbacks and reduced budgets many of these social entrepreneurs are finding great satisfaction in contributing in a meaningful way to the things they are most interested in. The prospects are limitless and often provide a greater sense of satisfaction to those who include ‘others’ as part of their business plan.

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