VICTORY OFFURUM
SOCIAL ENTREPRENENEURSHIP
All you need to know about social entrepreneurship
What is social entrepreneurship?
Social entrepreneurship means running a business not solely for the purpose of making money, rather creating a social value. This entails tackling social issues through entrepreneurship to add to the social good of the society. Social enterprises operate as a business and generate profit. The models of a social enterprise are for-profit, non-profit and charitable organizations.
How social entrepreneurship represent agency in a highly networked global capitalist economy?
With social entrepreneurship being the solution for social issues, agency plays a significant role in how social entrepreneurship is perceived and understood in the society. Agency is described as the “actions and effects of human actors,” (Pg. 140) This means that a social entrepreneur is an agent or a human actor whose actions serve for oneself and for other people. As an agent or social entrepreneur, you identify the social issues or challenges and find solutions to tackle it and solve the problem. Social entrepreneurs perceive the holes in the economy and break down the imbalance it can cause and the ecological debasement it can cause. The agent in a capitalist economy searches for ways of making things work in the economy fully intent on creating gain and overcoming any issues between the economy and social disparities. They finish up these holes that the economy has and right the imbalances made in the business.
Lean Business Model
The organization I have chosen for my case study and business model canvas is Black Women Owned Inc., an organization that is focused on supporting and empowering Black female entrepreneurs by providing resources, visibility and offering services to Black female-led businesses.
BUSINESS PITCH
Black Women Owned Inc.
Black Women Owned is a standard and world-class company
with a forward-thinking, collaborative, and professional way to
provide services. The company is an online community that
includes everyone regardless of age, gender and race,
empowers people and brings visibility to Black women owned
brands. Black Women Owned is a marketplace created to
support thousands of Black Women Owned brands by giving
them an online space to sell their products as Black Women
Owned will operate as a third-party seller.
The company is born out of compassion knowing fully well the
struggles and challenges women face setting up businesses.
Black Women Owned is a company envisioned to be the go-to
platform to support Black women and increase visibility for
Black Women Owned brands.
Black Women Owned's mission is to create a community that brings visibility to Black Women Owned brands, and also to create a safe space where Black women are welcomed, supported, empowered, and appreciated. We also aim to attain the climax spot in the market as soon as possible as well. Our mission statement focuses our energies and lets us enjoy a sense of direction and purpose.
At Black Women Owned, our vision is to be the platform where Black women are supported. We will do all that is permissible by the laws and our international markets to ensure that we meet the needs and exceed our esteemed customers' expectations. Our vision reflects our values: integrity, service, excellence, and teamwork.
The Quiet Radicalism of Building a Lifestyle Business
This article covers the reasons why it is important to find work-life balance when building a business and this can be done when running a lifestyle business. For a long time, most people have prioritized their work more than their relationships, family or personal life. They are known as the “workaholics”. The act of working tirelessly with little to no rest is popularly known as a "Hustle Culture". This is usually unhealthy as there is no work-life balance. The focus is in getting the work done and the financial gains. Since this has been viewed as normal, the gradual change to a lifestyle business is not fully accepted as profit is not the sole takeaway from this type of business. This article encourages those who are into lifestyle business to do it proudly as this is healthy for them and others around them.