Primary driver of the social entrepreneur is to build a better society. Global media brings everything in front of us including all the major challenges that human beings are facing. We try to be part of the solution for issues such as underprivileged in the developed world, global warming, energy demands, wealth gaps, famine, pollution and so on. These issues drive us to become a social entrepreneur.
Green and clean tech should be considered as part of social entrepreneur movement. They are aiming for solving major issues such as pollution, global warming and resource conservation. These echoes with the primary driver of the social entrepreneur.
There are a few negatives about being a nonprofit.
- Lack of sustainability
- Lack of initiative
- Lack of growth opportunity
Stakeholders view the social venture differently from a traditional venture because markets do not work as well for social entrepreneurs. It is hard to value social entrepreneur since it is driven by the impact of the mission rather than by wealth creation.
There are also some major challenges for a social venture to grow,
- How to retain employees
- How to value their efforts
- How to stay on track with their initial mission plan
On the other hand, we can also see challenges and opportunities existed at the same time. Social ventures have opportunities that traditional ventures don’t have such as people who believe in the social mission of the venture tend to be willing to pay a higher price for products and services, employees who believe in the social mission will be more willing to work over time and put in extra effort.