Exploring the connections between business, development and transformation: How important are social entrepreneurs for economic development? What value is created by social entrepreneurship? My findings conclude that the social entrepreneur sector is increasingly important for economic and social development because it creates social and economic values:
Parkersplash The denouement of a calendar year is the perfect time to reflect not just where we are, but how we got here. How did entrepreneurs get here, social-savvy, always on, and running a business from a phone?
There are many people who take the end of a year as the time to make resolutions and positive changes And then there are the rest of us. Does that sound like the attitude of an entrepreneur to you? A while back, I owned a custom baking business that created unique cookies for special occasions and to get business, I had to hustle.
I founded an LLC, created a website that accepted online orders, printed marketing materials, used social media to tempt new customers and chatted with anyone who would listen about how delicious and beautiful my custom cookies were. Each day brought a new challenge and opportunity, so I tried to take advantage as often as possible.
But what if the year had been ? Would my business have been as successful? Would I have been able to launch as easily as I did?
Technology as an enabler A lot has changed for entrepreneurs in the last decade, most of it brought about by improvements in technology. It has never been easier to purchase a domain name, use a do-it-yourself web design platform and launch a website for your adoring fans.
Nor has it been easier to find the educational resources that empower us to do these things ourselves, or for a low price.
Kids are taking their ideas and learning the ways of—and dominating—the business world at a much earlier age. Take, for example, culinary whiz kid, Remmi Smith.
She started cooking healthy food with her mother at a very early age, filmed the cooking sessions in their kitchen and posted them to YouTube, where her culinary skills were noticed. Talk about a far cry from your average lemonade stand.
With the ability to easily record videos, post photos or record music, younger people are turning their smart phones and laptops into studios, sound booths, canvases and online stores.
But being an entrepreneur filters up to the older generations as well. Now adults who might be contemplating or in retirement can put their wisdom to use by starting businesses that might be passion projects or continuations of a great career.
Social is second nature Social platforms are woven into the lives of younger people who already learn new technology much quicker than adultsso when they opt to become entrepreneurs, marketing through social media is a snap. Social media as an entire marketing entity has only exploded within the last few years and I say that knowing just how recent my own company has put an emphasis on the activities that occur through social media.
We see brand sentiment over social channels and use it as a good barometer of where we stand with our own customers and prospects.
By monitoring the comments across our social platforms, we can connect one to one with these people and address their concerns almost in real time. It truly is an amazing development in marketing and customer relationships.
While the foundation of entrepreneurship remains the same, the way it manifests itself has changed significantly even in the past decade.
We can be young or old, well connected or on the verge of creating a network, business savvy or self educated. But was there ever? Was this post helpful?Some entrepreneurs can excel in all three roles, but the best ones are aware of their strengths and weaknesses and build their teams accordingly.
The first step is knowing which role your talents. The Role of Entrepreneurship in US Job Creation and Economic Dynamism † Ryan Decker is a PhD student in Economics, University of Maryland, College Park, Maryland. Entrepreneurs are the individuals who start new businesses in the economic marketplace.
These individuals may start businesses for a variety of reasons, including working for their own self-interest, making more money, improving their local community or enhancing their quality of life. While entrepreneurs may face a.
The denouement of a calendar year is the perfect time to reflect not just where we are, but how we got here. How did entrepreneurs get here, social-savvy, always on, and running a business from a phone? There are many people who take the end of a year as the time to make resolutions and positive changes And then there are the rest of us..
Small Business Success: Free Report. why creativity is so crucial for entrepreneurs? A thorough observation of the entrepreneurial process shows that creative thinking is the must have “skill” of an entrepreneur for the creation of new ideas. entrepreneurship may play a less pronounced role because growth is largely driven by factor accumulation (Ács and Naudé, ).
Other behavioural definitions allow for a more substantial role for entrepreneurship in.