Why Entrepreneurs Should Become Social Entrepreneurs

What is the true meaning of the word “entrepreneur?” Most people associate entrepreneurship with making money — and lots of it. I used to think the same thing. Entrepreneurs take calculated risks for financial gain, and that’s fair game. But, take it from me, being a successful entrepreneur is so much more than your bank balance.

All entrepreneurs have responsibilities. Why? Because they have a platform — one where they can make real change. Entrepreneurs have the resources, the connections and, yes, the capital to transform lives and revolutionize our society. I think that entrepreneurs who are socially responsible are more successful than entrepreneurs who are driven by financial motives. These “social entrepreneurs” have the power to change our world.

So what makes a good social entrepreneur?

  • Someone who funds local social projects.
  • People who volunteer in the community.
  • Someone who finds solutions to social and environmental issues.

There are plenty of examples of entrepreneurs who have made a real change. Bill Gates, Oprah Winfrey, Mark Zuckerberg — these are some of the world’s richest, and most generous, people.

You might not have the bank balance of a billionaire, but you can still make a change. Using your platform and becoming an advocate for social responsibility could save lives, influence future government policies, and protect the environment.

How Do You Become More Socially Aware?

Find a cause as I did with RED F (RED F is the largest social enterprise in the US for the homeless and for re-entry).

As I did with RED F, you must find causes and nonprofits that interest you. Then, as I did, investĀ the time to find out how you can help the cause. Working with local charities will not only make you feel good but it will also impact the entire community– a true win-win!

Entrepreneurs Should Become Social Entrepreneurs

Study Other Entrepreneurs

Who motivates you? Who inspires you? Research how other entrepreneurs became more “social” and replicate their success. I make it a point to find time each day to study others I admire. If I only have 15 minutes, I may listen to a podcast. I am also using a new app called Blinklist, which summarizes books in both audio and written format in 15 minutes. Find time to learn each day, as I do.

Spread the Word – Get Others Involved!

If you are passionate about your social impact, incorporate corporate responsibility into your organization. This will inspire other people in your company to make changes that will benefit communities and the environment.

I think entrepreneurs have a social responsibility. Once someone reaches a certain level of success, he or she should give back to those who are less fortunate. Whether it’s volunteering at a local animal shelter or incorporating ethical standards into their organization, entrepreneurs really can change the world.

Morrie Tobin

P.S. Come and find me on Twitter and Facebook!