When starting a new business, entrepreneurs often aim to provide unique solutions, business practices, customer service, and economic models. Social entrepreneurs take these goals further and strive to do all of these with the addition of wanting to take social responsibility and improve the world in some way. There are many reasons for becoming a social entrepreneur. Some individuals may be particularly compelled by a select cause, or they might find a profitable opportunity that coincides with the facilitation of social change.
Motivators
What drives social entrepreneurs can be vastly different from individual to individual. Some social entrepreneurs strive to fund the protection of animals, provide educational resources to disenfranchised individuals in developing nations, or fight discrimination based on race or gender. The motivators for social entrepreneurs can encompass anything that involves changing the world as it currently exists, and the course of action each entrepreneur takes will vary, as well.
Social Impact
While enacting social change is a cornerstone for most social entrepreneurs, this goal does not have to directly correlate to their business model and the products or services they offer. Many social entrepreneurs seek to provide a service or good that is already available, but by implementing conscious practices (such as using cruelty-free materials or making a promise to conduct beneficial actions for every purchase), social entrepreneurs strive to change the nature of business and entrepreneurship.
Profit
Of course, as business owners and visionaries, social entrepreneurs still want to make a profit. Whatever their business model or practices are, they must operate in a way that generates revenue without compromising their ideals. However, social entrepreneurs may be less focused on earning a significant amount of money for themselves; if they are passionate about their cause, part of their reward can simply entail participating in their work, and they may also choose to donate some of their proceeds to reputable organizations.
Each entrepreneur is different and has different aspirations. Beyond managing a successful business and supporting a cause that is meaningful to them, social entrepreneurs strive to make a difference in the world around them. Breaking the traditional mold of what it means to be an entrepreneur demonstrates their passion and desire to facilitate meaningful changes.