Wednesday, October 2, 2013

Social Entrepreneurship Examples That Can Make Profits

By Angel Dudley


As contrast to the popular belief that the rich like to exploit people, many successful businessman have made their profits by helping others. It is true that there are profits to be made, while at the same time helping the less fortunate. By gathering others that are willing to assist is a skill in itself. This is the core idea behind social entrepreneurship examples. These helpful businesses are not profit oriented, but they base their operations on how they can generate profits to help the underprivileged.

Many people in the past became successful from helping the less fortunate. There are many business models that are based on assisting other members of society. Of course, profits play an important aspect of the business, but it is more focused on helping other people out.

If you are interested in starting a business such as this, you must sincerely want to help other people. Just like some businesses rely on how well they sell products, this type of business relies on how efficient they are in helping society. It is also crucial to find partners that will help you operate. You can do this by presenting your ideas to possible investors.

One way to get started is to look at local charities. Try to find out how they operate. By observing how they operate, you will have a better idea of how your business should be managed. This will also help you avoid any problems you might encounter as a start-up. Try to learn from the mistakes of others, and you can definitely have a smoother run at operating. Another way is to base your charity on a personal experience. Has someone you cared for very much passed away because of cancer? You can base you charity on helping cancer patients since you know first hand what it feels like to lose someone because of this disease.

To formulate ideas of where your local community might need help, try to be observant. There might be a part of your community, or a certain class of people that need assistance. The goal is to find other people that will help you and your crusade. The more individuals who gather, the more successful you will be.

Once you have thought of a concept for your group you have gathered enough people to help you with your cause, you must know what the legal aspects are concerning charities in your area. As important as it may be in finding people that will help you, you must be sure that you are following the rules and laws in your jurisdiction.

Try to ask for advice from people who are already managing their own charities. Choose those that are successfully managed and the ones that are making a positive impact in the community. These are the organizations you want to follow and model your business after. They are in the business of helping other people and would most likely help you out as well. You can get a lot of necessary knowledge by asking.

Once your network is strong and your members are organized, you'll see how effective your group is. Your members may also gave you social entrepreneurship examples that can help others. That can give you another fresh idea on how to assist people.




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