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Definition of Social Entrepreneurship

Definition of Social Entrepreneurship. Social entrepreneurs (SEs) are society’s change agents. [Skoll Foundation] Using business practices to solve societal problems. It starts with “how am I going to serve?” rather than “how am I going to make money?”

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Definition of Social Entrepreneurship

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  1. Definition of Social Entrepreneurship • Social entrepreneurs (SEs) are society’s change agents. [Skoll Foundation] • Using business practices to solve societal problems. • It starts with “how am I going to serve?” rather than “how am I going to make money?” • Traditionally SEs working in non-profits are now moving to the private sector to make an impact on society. ENCORE CAREER SUMMIT | www.discoveringwhatsnext.com

  2. Social Entrepreneurial Ventures: • Non-profit to For-profit Continuum Non-Profit LC3 For-Profit market drivensocial mission focus mission driven business practices hybrid model mission & market innovative, social value creating activity can occur within or across the non-profit and for-profit sector ENCORE CAREER SUMMIT | www.discoveringwhatsnext.com

  3. Social Entrepreneurship as an Encore Career • 1500 applicants for the Purpose Prize • Myth of the young entrepreneur. Instead, the average age of company founders is 40* • Adults 55-65 were the second largest age group starting new ventures in 2008-2009* ENCORE CAREER SUMMIT | www.discoveringwhatsnext.com

  4. 10 Markets that Lend Themselves to Social Entrepreneurship Source: John Elkington, Pamela Hartigan, Klaus Schwab, The Power of Unreasonable People: How Social Entrepreneurs Create Markets that Change The World ENCORE CAREER SUMMIT | www.discoveringwhatsnext.com

  5. Funding Sources for Social Entrepreneurs • Bootstrapping • Angel investors • Organizations such as Skoll Foundation, Ashoka, Schwab Foundation, Draper Richards Foundation • Echoing Green — 2-year internship and funding • Grants, gifts • Crowdsourcing (crowdrise.com, Profounder) ENCORE CAREER SUMMIT | www.discoveringwhatsnext.com

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