Entrepreneurship takes an entirely different shape when you combine it with social welfare. Social entrepreneurship is a profession that focuses on making a difference and cares about a lot more than just profits. Some say that social entrepreneurs are a “big-hearted” breed. However, you can develop and master the significant characteristics of this breed over time following a few simple steps. Here are five steps to becoming a successful social entrepreneur like Raymond Stone Toronto.
Have A Thorough Understanding of the Field
To bring about the change you wish to see in a particular area or field, you need to gain complete insight into it. Research through the internet can open several doors for you. You can get to know and get in touch with people already working for the same cause. Use this information to take inspiration and collaborate with those who have the knowledge and the experience. Social entrepreneurs like Raymond Stone Toronto always consider it their topmost priority as it determines the success of any entrepreneur.
Develop A Mission Statement
A mission statement is not just a fancy quote posted on the walls of successful businesses. It is a statement that describes an organization’s purpose, goal, and intentions. Similarly, a mission statement for your social entrepreneurship will help you refine and clarify your focus.
You should write your mission statement keeping in mind your core competencies and available resources. Ask yourself what you will do, how you will do it, who you will do it for and what value you will bring by doing it.
Seek Feedback and Support
Feedback is an essential step towards success in anything you do. It helps us improve. For your social entrepreneurship endeavor to succeed, you need to have and keep a close circle of supportive, honest, and trustworthy friends. These could be your childhood friends, colleagues, team members, or even members of the family.
The purpose of this “team” of people is to allow you the opportunity to speak out your wildest ideas without fear of judgment. Be open to critical feedback and advice from this group of people because they have good intentions for you.
Be Mindful of Your Available Resources
Before diving into an endeavor, you must know the type and extent of resources available to you. If you want to fund the project externally, you should first identify your primary source of finance. If you have multiple, you should plan out the order in which you will be using them and the size of each. However, the key is to make sure that the social values of your investors are in sync with yours.
Make A Plan and Stick to It
Once you have all the basics thought out, the real work begins. A social entrepreneurship venture can be tricky to handle in more ways than one. Therefore, it is essential to spend a significant amount of time developing and writing down an action plan. Your action plan should be a document that is your guide through anything and everything. Your schedule, calendar, to-do lists, etc., all should be a part of your action plan. Moreover, following the action plan meticulously is critical to ensure that your dreams become a reality.
Social entrepreneurship is a sure-shot way of creating change. It is about using modern thinking styles to make a significant positive impact on people’s lives. Many young entrepreneurs shy away from the profession due to a lack of experience, knowledge, and awareness. However, with the above-mentioned simple steps and lots of courage and determination, you are all set to change the world for the better.