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Why Social Entrepreneurship is a Waste of Time

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Today we want to tackle a very controversial subject. More specifically, we want to take a position which may be controversial.

BIGG success is life on your own terms. So we pay a great deal of attention to terms.

The term we want to talk about today is “social entrepreneurship”.

It’s a popular term, a buzz word even. People say with pride, “I’m a social entrepreneur” or “I want to be a social entrepreneur.”

Wikipedia defines a “social entrepreneur” as “someone who recognizes a social problem and uses entrepreneurial principles to organize, create, and manage a venture to make social change.”

Let’s deconstruct just one part of that definition – the term “social” as an adjective.

Among other definitions, Merriam-Webster defines “social” as “tending to form cooperative and interdependent relationships with others.”

The problem with social entrepreneurship

So here’s the problem – here’s why we say social entrepreneurship is a waste of time: It’s redundant.

  • ALL entrepreneurs are social entrepreneurs.
  • ALL entrepreneurs exist to serve society.
  • ALL entrepreneurs must recognize a social problem – a problem affecting the welfare of a group of human
  • ALL entrepreneurs must use entrepreneurial principles to solve that problem.
  • ALL Entrepreneurs add value in the lives of others to create value for themselves.

All entrepreneurs need money

Now, some entrepreneurs have a profit motive while others don’t. But they all have to find funding somehow.

Some entrepreneurs raise capital to get a venture going and then repay it from profits. Other entrepreneurs rely on donations of time and/or money to get a venture going. But they must find a steady flow of cash from somewhere.

But to describe one activity as social and the other as not is a mislabeling.

ALL entrepreneurs are social because ALL entrepreneurs try to help a group of people.

Profit is not a dirty word

Entrepreneurs who forget this basic tenet of entrepreneurship are the ones who fail. Novices often go into ventures only thinking about how they will make money. You have to think about the people and their problem.

Of course, you have to think about the money too – whether you’re starting up a for-profit venture or not. And don’t ever forget:

Profit is not a dirty word. Every entrepreneur – for profit or non-profit – has to find a money trail to sustain their operation.

But focus on the problem first. Then figure out your funding and your cash flows.

Once you know how to create value for yourself by adding value for others, you’re ready for BIGG success!

Do you think “social entrepreneurship” is redundant?

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Creativity is Overrated

creativity is overrated | BIGG SuccessCreativity. Innovation, the new buzz word. The spark of genius. Vision.

Creativity is a necessary talent if you want to be a BIGG success today.

Creativity is adored. We celebrate our most creative people.

But creativity is overrated.

What is creativity?

Creativity solves problems. As Albert Einstein said, “Problems cannot be solved by the same level of thinking that created them”.

Creativity is the ability to see things that aren’t there.

Creativity is dispassionate. It is a tool. It can be used for evil or for good.

Creativity is fun. But creativity by itself is useless.

Moving beyond creativity

We talk with a lot of will-be entrepreneurs day-to-day about starting a business. They have a great idea.

But in many cases, that’s as far as it goes. The idea is a small part of a successful small business.

You have to take action. You have to develop a plan. You have to execute.

Otherwise, creativity is wasted.

The problem with acting on your creativity

We adore creativity. But we are often scared to act upon it.

It may require change. Many people are afraid of change.

It may mean doing something new. Most people prefer the old.

It may mean taking a risk. A lot of people try to avoid all risk.

When you share your idea with someone, they may not get it.

They may not share your enthusiasm.

They may even make fun of you.

If you execute upon your idea, you may fail.

People may laugh at you.

They may say, “Told you so.”

So we do nothing. We don’t act.

We just create. It’s creativity without the activity.

Creativity occurs when activity is added to the creation. The intangible become tangible. It leads to BIGG success!

Image in this post from arte ram