What is Social Entrepreneurship?
In two words: Profit & Impact
Social entrepreneurship is a dynamic and innovative approach to addressing social, cultural, and environmental issues through entrepreneurial principles. Unlike traditional businesses that primarily focus on profit maximization, social entrepreneurs aim to create positive social and environmental impact by operating a financially viable and self-sustainable business.
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Social entrepreneurs identify gaps and challenges within society, leveraging their skills to create products, services, or models that benefit communities and the environment. Ventures associated with social entrepreneurship may range from small-scale local initiatives to large global enterprises, but the common thread is a commitment to driving positive change and fostering a more equitable and sustainable world.
Social and environmental challenges tackled by social entrepreneurs notably include broken food systems, lack of access to education, poor sanitation, unreliable electricity, expensive healthcare, and climate change.
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