Working to change the world? Not all entrepreneurs are motivated by profit – some see earned revenue as a way to finance the social change they want to see. What are the nuts and bolts of creating social change? Well, your tax status comes secondary to what you are trying to do. Establishing a non-profit is not the “be-all-end-all” solution to achieve your mission. Social entrepreneurship leverages market forces to “do good” while “doing well”.
Students at the Brown School of Social Work at Washington University are learning strategies that can make social change work. Dr. Heather Cameron is the inaugural Michael B. Kaufman Professor of Practice in Social Entrepreneurship at the Brown School. It is there that she is creating a climate of change making where MSWs, MBAs, other students and community members can explore new business models aimed at creating positive systemic change while adding value to the bottom line. She shares her personal intriguing journey to St. Louis, which includes a international experience, a boxing gym and youth programs in Berlin!
In this episode:
-What is social entrepreneurship?
-How does social entrepreneurship differs from not-for-profit models?
-Why is social entrepreneurship is considered an effective “hybrid”?
-Why entrepreneurs MUST examine the relationship with money.
-How too much focus on “pitching” can distract from the plan.
-What is the Wash-U SEIC MVP competition?