Starting and running a new business successfully all my own is a great thing. You invest in, you get profits. Well, maybe sometimes not profit only but here the point is, you own it in every way- investments and returns.
Aman Mehndiratta is a splendid entrepreneur. He chose to be an entrepreneur to maintain the rate employment. He says that maybe he can fix all the problems by his steps but there has to be someone to take initiative. After all, drop by drop ocean is filled.
Aman Mehndiratta proposed the idea of social entrepreneurship in order to enhance the standards of society and its living. He always motivates others to project the hand that heals because he believes that prior duty is to give back the society in every possible way.
So far, we have been talking about the benefits of social entrepreneurship. There must be a question wandering in your mind that-
What social entrepreneurship is all about??
To begin with, we are giving a short and crisp definition for the same. It is about recognizing the core social problems and working towards achieving a social change by employing entrepreneurial principles, processes, and operations.
If you want to understand this at its very basic level, then it can be said as doing business for a social cause. It can be called as an Altruistic entrepreneurship too.
More often, social entrepreneurs blend social issues and commerce in a way that improves the lives of people connected to the cause. They never measure their success in terms of profit alone. To them, success means that they have improved the world. Talking with reference to Indian social entrepreneur Aman Mehndiratta, he works and motivates others for the betterment of society.
There are profit- entrepreneurs, who typically measure performance using business metrics like revenues, profit, and increases in stock prices. Social entrepreneurs are different. They work on either non-profit or blend for-profit goals with generating a positive return to society. For this purpose, they must use different metrics. Corporate philanthropy we can say.
Social entrepreneurship essentially attempts widespread and broad social, cultural, and environmental goals. These goals are often associated with the voluntary sector in several areas. These areas are necessarily needed to be looked after in order to make the footing of a better tomorrow, this poverty alleviation, healthcare and community.
The main task that social entrepreneurs do is, focusing on creating the capital which is more social capital without actually measuring the performance in profit or return in monetary terms. The entrepreneurs in this field have an association with non-profit sectors.