Social Impact BlogShowing posts in Critical Success Factors
Claire Coder is a remarkable entrepreneur: She launched her second startup at age 19, has relied heavily on social media and reality TV to build awareness of her product, and is on the cutting edge of a movement shared with a national foundation founded by local entrepreneur Nancy Kramer. Aunt Flow, whose tagline is “Helping […]
Double Comfort Restaurant was a popular spot in the Short North for great southern comfort food and a great drink. Founded in 2014 as a social enterprise, its Buy a Meal, Give a Meal® concept provided over 95,000 meals through local food pantries before it closed in Spring 2017. Social entrepreneur and founder Mary Lyski […]
The judges for our recent social enterprise awards program were drawn to those social enterprises that excelled in the transparency and public representation of their social impact. This facet of their work merits recognition because too many social enterprises tell a very weak story about their social impact or fail to tell the impact story at all.
When we talk with social entrepreneurs, they often say capital is what they most need. Further discussion reveals they most need good advice and feedback. SocialVentures just announced several new ways to get that advice.
When this blog launched in 2005, there was a strong need to improve both understanding of and performance by nonprofits to create social impact efficiently and reliably. Over the years the performance of local nonprofits improved immeasurably, particularly in the cultural sector. Still, two recessions and a historically slow economic recovery leaves the financial sustainability of the nonprofit sector fragile.
The elevator pitch is a vivid and transparent way to reveal how well focused is the definition of product and customer. Its value is in revealing to entrepreneurs whether they have done enough work to create a customer / product / attribute / brand focus that warrants the next step of building a business plan.
Open Letter to Aspiring Social Entrepreneurs: “Let me be the first — and perhaps only — person that recognizes you for your bravery and courage; a sacrifice to align purpose within the motivation for profit.”
As we learn more about what works in fostering more entrepreneurship, here are a number of recent lessons for economic development officials, grant-makers, investors, and entrepreneurs that can help Central Ohio continue to develop a thriving environment for new businesses.
Rather than look at the messages of these entrepreneurs as guidance only to become entrepreneurs, perhaps we should take a cue from the Arnold Fitness Expo and view their messages as guidance on to how to be fit businesses even if we don’t aspire to the extreme fitness of entrepreneurship.
We need to recognize that the value of exploring social entrepreneurship is not exclusively to become an entrepreneur. Rather, the value is always to have a meaningful experience in how to solve problems and develop new skills to solve problems.