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Six Habits of SOCIAL Entrepreneurs

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Six Habits of SOCIAL Entrepreneurs

What makes some entrepreneurs succeed while others fail? Charles Tsai of Social Creatives argues that it all boils down to six best practices - or habits. These six are fundamental to creating positive change in today's world. (They also correspond to the letters in the word, SOCIAL.)

What makes some entrepreneurs succeed while others fail? Charles Tsai of Social Creatives argues that it all boils down to six best practices - or habits. These six are fundamental to creating positive change in today's world. (They also correspond to the letters in the word, SOCIAL.)

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Six Habits of SOCIAL Entrepreneurs

  1. 6 The Habits of ^ Highly Effective S O C I A L Entrepreneurs
  2. Why do some social entre preneurs succeed... while others fail?
  3. Does it have to do with their... ideas, timing, luck or team? YES. YES. YES. YES.
  4. But those factors all depend on something more fundamental...
  5. more invisible...
  6. our habits!
  7. First we make our habits, then our habits make us.
  8. Here, then, are the six habits of highly effective SOCIAL entrepreneurs... ☛
  9. #1 it ab H Social Entrepreneurs Develop S OLUTIONS S
  10. They don’t just “make some noise” and ask for donations and signatures.
  11. They come up with new solutions... especially those that BREAK PATTERNS and change systems.
  12. And they do this over and over again.
  13. They’re always asking “How can things be better?”
  14. "Social entrepreneurs are not content just to give a sh or teach how to sh. They will not rest until they have revolutionized the shing industry." Ashoka founder Bill Drayton
  15. #2 it ab H Social Entrepreneurs Measure O UTCOMES O
  16. They know the difference between Outputs vs. Outcomes your effort - your impact - number of widgets how the world is you sell better
  17. If you’re helping people, are they healthier, richer, happier, more skilled or educated, etc.?
  18. If you’re helping the environment, is it cleaner, more protected, more biodiverse, etc.?
  19. They measure outcomes and manage their success by OUTCOMES... not outputs.
  20. “If you can't measure it, you can't manage it. If you can't manage it, you can't deliver it. If you can't deliver it, you have no social value.” David Hunter Nonpro t management consultant
  21. #3 it ab H Social Entrepreneurs Establish C hange Models C
  22. They know SOLUTIONS don’t automatically lead to OUTCOMES S≠O
  23. Change requires PROCESS, not just PRODUCT. So you need to establish and validate change models... your formulas for change.
  24. S + A + B + C... = O And it needs to be repeatable and scalable.
  25. If you can’t explain it simply, you don’t understand it well enough.
  26. #4 it ab H Social Entrepreneurs Practice I nclusion I
  27. They’ve learned the hard way to create change WITH not FOR.
  28. They design and implement solutions WITH input and involvement of beneficiaries.
  29. Grameen Bank They even involve beneficiaries as owners, employees and evangelists. Invisible Children’s ME ND
  30. Because the rules of INNOVATION have changed.
  31. If you want to go fast, go alone. If you want to go far, go together. ~ African Proverb ~
  32. #5 it ab H Social Entrepreneurs Leverage A ssets A
  33. They know investors don’t fund IDEAS. They fund RESULTS.
  34. So the key to initial success is not BUSINESS PLANS. It’s your own BOOTSTRAPS.
  35. Learn to leverage existing ASSETS...
  36. People Skills Assets Resources Networks Organizations
  37. Use success to build more success. That’s the way the world works.
  38. Do what you can with what you have where you are. ~ Teddy Roosevelt ~
  39. #6 it ab H Social Entrepreneurs Think L ong-term L
  40. Real change stands the test of time. That means solutions need to last.
  41. And they need to be sustainable... financially ecologically
  42. Social entrepreneurs are always thinking YEARS ahead... What solutions do we need 10 or 20 years into the future?
  43. If you think in terms of a year, plant a seed; if in terms of 10 years, plant trees; if in terms of 100 years, teach the people. ~ Confucius ~
  44. In summary...
  45. Social Entrepreneurs... Develop S OLUTIONS Measure O UTCOMES O Establish C HANGE MODELS C Practice I NCLUSION Leverage A SSETS Think L ONG-TERM
  46. Social Entrepreneurship is about... Developing S OLUTIONS that lead to O UTCOMES O using C HANGE MODELS C that are I NCLUSIVE A SSET-BASED and L ONG-LASTING
  47. To learn more about the six habits and download multimedia and toolkits for each, visit socialcreatives.org
  48. Social Creatives Workshops We offer social innovation workshops tailored to secondary school and university students. •Social Entrepreneurship 101 •Six Habits of Highly Effective SOCIAL Entrepreneurs •Impact Dashboards - How to Demonstrate Measurable Change •Business Models for Social Change
  49. Charles Tsai Social Entrepreneurship Educator Charles Tsai is a journalist, writer, speaker and consultant for social entrepreneurs. A former reporter and producer for CNN, Charles ventured into the social sector to help youth design and implement their own solutions for change. He then helped Ashoka launch its first global campaigns to support youth-led social ventures. Now, he has launched SOCIAL Creatives, a new framework to learn, teach and practice social entrepreneurship.
  50. Charles Tsai charles@socialcreatives.org www.socialcreatives.org

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