Definition and concept of social entrepreneurs

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Understanding the concept of social entrepreneurship
Having a basic understanding of social entrepreneurship is great. However, a deeper dive is necessary to fully appreciate its potential and complexities. It’s not just about knowing what social entrepreneurship is, but also understanding how it senegal phone number data works, how it differs from traditional business , and the key elements that make it so effective.

After learning about the concept of social entrepreneurship, let's look at social entrepreneurs.

When you define a social entrepreneur, you are describing a problem solver. But not just any problem solver. A social entrepreneur focuses on societal problems that affect large populations or vulnerable groups. These are problems that, despite their long-standing existence, remain unsolved due to their complexity or lack of innovative approaches.

Social entrepreneurship is about implementing new, creative solutions to these long-standing social problems. It involves developing new models for sustainable social change, challenging the status quo, and driving social transformation.

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Social entrepreneurs are not motivated by profit , although they understand its importance in running a sustainable business. Their primary motivation is impact. They want to make a tangible, positive change in the world and are willing to disrupt established norms and take risks to achieve it. They are rebels with a purpose, who are not afraid to dream and act.

Comparison with traditional business
Although social entrepreneurship and traditional business share some common ground, fundamental differences set them apart. Traditional entrepreneurs primarily measure their success by profit and returns. Social entrepreneurs, on the other hand, define their success by their impact on society, although they recognize the need for financial sustainability.

Although both types of entrepreneurs innovate, take risks, and create value, they seek to create different kinds of value. Traditional entrepreneurs seek to create financial value, while social entrepreneurs seek to create social value.