StaabH_M1_A3.docx - Hailey Staab BUS201 M1A3 Social Entrepreneurs When you hear the word entrepreneur most people automatically think of the business

StaabH_M1_A3.docx - Hailey Staab BUS201 M1A3 Social...

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Hailey Staab September 16, 2017 BUS201 – M1A3 Social Entrepreneurs When you hear the word entrepreneur, most people automatically think of the business side of it. There is a social side of the entrepreneurship as well, and the main difference is that social entrepreneurs measure their performance by the positive impact they leave on society. Did you know there are some of the same risks for a social entrepreneur as there is for a business entrepreneur? There are many social entrepreneurs in our community that help our economy and create positive outcomes for the people in it. These are a few of the bases I will touch in this essay. Headmost, what is a social entrepreneur? The dictionary definition states that a social entrepreneur is “a person who establishes an enterprise with the aim of solving social problems or effecting social change.” While this is the basic meaning, it is more than that for many social entrepreneurs. A person who pursues an ingenious idea to solve a community problem. These entrepreneurs are willing to take on the risk and effort to create positive changes in society through their initiatives. (Kelley, 2016) Business and social entrepreneurs look closely at both the business aspect of things and the social aspect of things. Whilst making a change in modern society, they will also look closely at creating earnings. This is a critical technique and it may be even preferable to carry out this approach than an extreme form of either business or social entrepreneurship. It is because if you concentrate a large amount on the social and

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