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Why Social Entrepreneurship is a Waste of Time

Every entrepreneur has to find money for BIGG SuccessToday we want to tackle a very controversial subject. More specifically, we want to take a position which may be controversial.

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We don’t mean to offend. We just want to make an important distinction.

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 beings.

  • 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?

Direct link to The Bigg Success Show audio file | podcast:
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3 Differences Between Passion and Purpose

the BIGG difference between passion and purposeAre purpose and passion the same? Is it just a semantic distinction?

We think not.

Your purpose may flow from your passion or your passion may flow from your purpose. In some cases, the person finds their cause. In other cases, the cause finds the person.

So they are similar, but there are important differences between the two terms.

Passion can be selfish. Purpose can’t.

You can pursue a passion for your own pleasure. It can be purely self indulgent.

[George] I love to sing. But nobody loves to hear it!

Purpose is not selfish. It involves serving others, but it’s not servitude.

It’s feeling joyful about creating joy. It’s about adding value in the lives of others while creating value in your life. It’s win – win.

Passion can be unbridled. Purpose is focused.

Passion is boundless. You can have many passions. You can spend countless hours on them.

Purpose is singular. To fulfill a purpose requires focus. It requires you to choose. But the decision is an easy one when your purpose is compelling.

Passion is what. Purpose is why.

Passion focuses on nouns. What do you love? It’s about the objects of your desires.

Purpose is your motivation, your why. It brings in action so it focuses on verbs. Purpose completes you.

Together, passion and purpose lead to BIGG success!

Do you see any differences between passion and purpose?

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Successful Entrepreneurs Win with Kindness

random acts of kindnessOne of our Facebook friends, Alex Blackwell, is the person behind The Bridgemaker blog. He launched an interesting project today: 31 days of kindness.

It’s a great post. He talks the BIGG difference that kindness has made in his life. So he’s encouraging all of us to make kindness a daily habit.

Listen to this post on The BIGG Success Show podcast:

Since we think we could use a little more kindness in the world, we thought we’d chime in.

Kindness is contagious

Researchers have found that kindness is contagious. It makes us feel good to see someone helping another person. It makes us want to do the same thing.

Kindness accumulates happiness

Another study shows that there is a link between kindness and happiness. Happier people tend to be more kind. Kindness leads to more happiness. So happy people become even happier by being kind. Kindness accumulates happiness!

Successful entrepreneurs win with kindness

Many potential entrepreneurs make a critical mistake: they think about their own gain. It kills the business.

Successful entrepreneurs think about helping a group of people (i.e. their customers) solve a problem. Then they kill them with kindness to keep them coming back again and again. Repeat business leads to BIGG success!

So, at its essence, entrepreneurship is about kindness – creating value for yourself by adding value in the lives of other people. If kindness is contagious, maybe entrepreneurship is as well!

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Direct link to The Bigg Success Show audio file | podcast:
http://traffic.libsyn.com/biggsuccess/00676-030111.mp3

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If You Want to be Rich and Famous …

starYesterday, we did a show about the high cost of instant success. We wanted to add a couple of thoughts to that post today.

 

It’s not wrong

Some people dream of being rich and famous. Other people think it’s wrong – evil even – to wish for fame and fortune.

BIGG success is life on your own terms. There’s no judgment in that definition. Your vision of BIGG success is all yours. Own it.

There’s nothing wrong with wanting fame and fortune except …

 

It’s misguided

It puts the focus on the wrong thing, the proverbial cart before the horse. Money and celebrity may follow BIGG success. They may be the reward for people who think like an entrepreneur.

Entrepreneurs know that the first value they create won’t accrue to them. They add value to the lives of others. Then they get their reward.

What value are you adding? Who are you helping?

 

The great separator

Almost everyone longs for a better life. Almost everyone wants to stand out, to be recognized for their unique ability.

However, there’s a great separator. Most people wish for it. They may even long for it.

But they don’t do anything about it.

If you want it, do something about it. Take action.

 

BIGG success is about entrepreneuring your life. Entrepreneurs start with nothing more than an idea. They leverage the resources at their disposal to turn something small into something BIGG.

You, too, can be an entrepreneur. You, too, can be a BIGG success. And, you never know – fame and fortune may follow.

(Image in today’s post from srbichara)

Relationships and the Dog Eat Dog World

dog_daysThis is the third installment of our five-part Dog Days series. Today we want to talk about relationships. There’s that old saying, “It’s a dog eat dog world.

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It reminds us of this exchange on Cheers:

Woody: "How's it going Mr. Peterson?"
Norm: "It's a dog eat dog world, Woody, and I'm wearing Milk Bone underwear.”

Dog eat dog is a zero-sum mindset. In order for you to win, the other party has to lose. There may have been times when this mindset worked. If you were in a large city or you sold nationally or worldwide, you may have been able to get away with it.

But the world is getting smaller and smaller.

Man’s best friend

Thanks to the internet, more people are connected with more people. Reputations can be built or destroyed pretty quickly. So it really pays to think win – win.

Be man’s best friend. Build loyalty by being trustworthy. Win friends by being loveable.

Those attitudes win alliances today. Your network is the single biggest asset you can have. The value of your network is the sum total of the value of each and every relationship in it.

Call the dogs off

You build value in relationships by giving. So call the dogs off.

You’re seeing this so much now as more and more people start using new tools like Twitter. They follow you; you follow them back. Then you’re immediately greeted with an auto-generated sales pitch.

As we’ve said before, the problem is they’re not seeing people. They only see dollar signs, but the dollars don’t materialize because people are turned off by the initial communication.

Of course, you can be too laid back in your networking efforts. You have to think highly enough of yourself, and what you do, to promote yourself. If you don’t, why should anyone else promote you?

Find the balance between too passive and too aggressive.

“His bark is worse than his bite”

We’ve all probably heard these famous words uttered by a dog owner. Perhaps you’ve said them yourself.

Is it a problem if we as humans exhibit this behavior as well?

Of course it is! Because we lose credibility if that’s the case.

When you choose to elevate a discussion, you have to be ready to back up your words with actions.

Barking and biting can be tools if they are used carefully. If they aren’t, they’ll come back to bite you (pun intended)!

If you never bark or bite, people may think they can steamroll right over you. On the other hand, you can use these tools too much. Then people avoid you or just brush off the dialog without really listening. They also lose respect for you.

So it’s okay to bark, if you bark occasionally. When you do it occasionally, it makes the communication stand out.

And it’s okay to bite … if you rarely do it. Sometimes you have to confront an aggressor head on. It puts teeth into your words.

Relationships. It’s hard to fully quantify them. They don’t show up on your Balance Sheet. But nonetheless, they are the single biggest asset you have. So build relationships for your bigg success!

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Thank you so much for reading our post today.

Occasionally, no matter how hard you try, you find yourself in the dog house. Please join us next time when we’ll talk about how to get out. Until then, here’s to your bigg success!

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