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2018-12-17 16:23:56Advice for EntrepreneursEnglishSocial entrepreneurs use their creative minds and business sense to create change in communities right around the world. Striving to help...https://quickbooks.intuit.com/au/resources/au_qrc/uploads/2018/11/iStock-904598404-1.jpghttps://quickbooks.intuit.com/au/resources/advice-for-entrepreneurs/5-reasons-to-become-a-social-entrepreneur/5 Reasons To Become A Social Entrepreneur | QuickBooks Australia

5 reasons to become a social entrepreneur

2 min read

Social entrepreneurs use their creative minds and business sense to create change in communities right around the world. Striving to help others, business decisions are no longer primarily focused on profit and revenue – there’s a third party at play, namely helping others. If you’re a creative soul who is looking to pursue the world of entrepreneurship, perhaps a business with a social cause at heart is the right fit for you. Here are five reasons to become a social entrepreneur.

1 Be inspired every day

You may find that being a social entrepreneur gives you an extra reason to get up in the morning. Working not just for yourself or for a pay check, you know that every day of hard work is helping others and making a difference. You won’t feel unfilled with the 9-5 grind, but instead, you have an extra reason to jump out of bed each day. You’ll want to make sure that everything you do is going to propel the business forward, in order to facilitate real change in your community.

2 Have clear direction

Working as a social entrepreneur will also give you clear direction for the future. The driving force behind your business will the tangible outcomes that you are helping to facilitate. And this reasoning will guide you when making tough decisions and assigning priorities. Everything you do will come back to helping others and focussing on your business’ core beliefs. You may be surprised at how easy it is to make important decisions when you have one clear goal in mind.

3 Experience tangible results

Many office jobs can leave employees really a little unsatisfied at the end of the day, with little insight into how your function is actually benefiting the customer. When you’re a social entrepreneur, results are at the core of your business. And better yet, instead of just contributing to the overall profits of a big business, you will see how you’re making a difference on the ground. Whether that’s helping to feed a family, alleviate poverty, provide healthcare or education, or simply improve the lives others.

4 Be challenged

Social entrepreneurship will challenge almost every aspect of your life. It will change how you see the world, as you become more aware of issues and challenges that need rectifying. You may be confronted with worldwide problems that you would otherwise be shielded from and mingle with different communities and groups. This will not only challenge your day-to-day life, but also widen your worldview.

5 Achieve more

A business that is created for more, will often achieve more. Founders and staff of socially-minded businesses are typically more motivated and the results often speak for themselves – going beyond spreadsheets and dollar signs. As a social entrepreneur you can achieve more than you ever thought possible, touching lives and making a difference in the wider community. If you are passionate about a particular social cause, consider making a change through entrepreneurship.

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Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

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