Social Impact BlogShowing posts in Critical Success Factors
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.
I worry that the pitch is becoming an end in itself. After winning a pitch event, is the entrepreneur better off in a meaningful way?
Our ultimate objective is to have a vibrant social entrepreneurial start-up ecosystem. Here are the five necessary ingredients and where I think Central Ohio currently is.
Charitable giving as a share of nonprofit revenues in the U.S. has declined each year since 2008, reaching down to just 21 percent of nonprofit revenues by 2012. This decline has two causes: the inability of charitable giving to keep up and the decision by more nonprofits to develop new sources of earned revenue, often through social enterprise.
I have to believe that encouraging both men and women to work jointly to start and invest in social enterprise will be more successful than creating gender-isolated programs. While high tech has enough single-gender momentum to need some gender catch up, social enterprise is still young enough for us to build gender diversity from the ground up. Let’s work to make that happen!
Equity crowdfunding seems to be worthwhile to those companies that have already mastered reward crowdfunding. Few local social entrepreneurs have been successful in reward crowdfunding.
Next week I hope many will join us in celebrating our many steps. Those who register will receive an advance copy of our second annual State of Social Enterprise in Central Ohio.
August provides us three opportunities to celebrate the energy, excitement, and innovation of social enterprise in Central Ohio.
There has been a movement away from 85 page business plans toward leaner descriptions of a business, often called a “pitch”. A pitch is also an excellent way for an entrepreneur to maintain focus on vision and strategy while living in the “weeds” of daily operations. For a social entrepreneur, the pitch can also be the best way to stay anchored on social impact while promoting the product and its value to the customer.
The “selling” that a social enterprise does must first and foremost be to a customer. It doesn’t help to excite a customer about social impact if the customer doesn’t know what you are selling. A customer needs some basic information that a donor to a nonprofit does not need in order to make a decision