Summary: Unlike traditional entrepreneurs who focus on profit, social entrepreneurs measure success by their positive impact on society.
Social entrepreneurship is the process of using business methods to develop, fund, and implement solutions to social, cultural, or environmental issues. Unlike traditional entrepreneurs who focus on profit, social entrepreneurs measure success by their positive impact on society. They create organizations that are financially sustainable and can operate independently of constant donations. Examples include companies that provide clean water to developing communities, organizations that create jobs for marginalized groups, or businesses that sell products and use the profits to fund social programs. This approach combines innovation and business acumen with a deep commitment to solving social problems.