Entrepreneurs familiar with the term social entrepreneurship understand that the long term are the big ideas in small packages which have the potential to achieve significant social change.
They call it the power of the small. And if small is powerful, what is the strength and fuel making it something bigger? How can local impact solution become a business to change the world ?.
Two judges, Rob Henning and Joanna Harries of Ashoka Changemakers “The Power of Small: Entrepreneurs that strengthen local economies” competition veterans in identifying and supporting initiatives of social entrepreneurship around the world with the greatest potential impact, offered their ideas on what it takes to be an entrepreneur capable of changing the world.
The idea-principal is that if you know the environment well, if you yourself are the customer, and have had the experience of being involved in the market, you know what resources are available and understand what will work and what not. That tends to be the key to a social enterprise is successful, “Harries said.
Surround yourself with good people, and transparent in what you’re trying to achieve, “Harries said.” Do not be afraid to share control. “” The ability of management is the biggest challenge to turn a small business into an SME [Small and Medium companies], “Henning said.
Many people assume that funding must come first. Henning warned that the best financing options are available for entrepreneurs who already have the key points instead. “Have a winning team, a proper strategy and a business plan so you can focus on growing your business. Without the right equipment and a clear understanding of the market, most people will overlook finance your business.”