Social Entrepreneur

As a social entrepreneur you will be doing business for a social cause. Your focus will not only be the profit but also the social or ecological change you want to make.

What do Social Entrepreneurs do?

A social entrepreneur will use business methods to address a social or environmental problem. They will conduct research and define a particular social problem and then organize, create and manage a social venture to attain the desired change which may or may not be a lifetime process. They will be spreading awareness about their mission, and persuading people to be a part of the change. They will also engage in a process of continuous innovation, adaptation, and learning.

What areas to specialise in?

These are organisations with earned-income activities which are set up, owned and controlled by the local community and which aim to be a focus for local development. Their ultimate goal is to create self-supporting jobs for local people.
Non-profit organizations exist not to generate revenue for shareholders and stakeholders but to create an enterprise focused on a specific cause. They usually requires ongoing fundraising efforts.
These entreprises are able to make equity investments and there is no limit for them to generate revenue.
An association of people united to meet common economic and social needs through jointly owned enterprises. Cooperatives are organised by and for their members, who come together to provide a shared service from which they all benefit.

What does a typical day at work involve?

  • Checked Preparing plans to collaborate with social innovators, funders, grass root leaders and social workers
  • Checked Communicating mission and vision of the company with community organisations
  • Checked Planning the budget and financial affairs of the company
  • Checked Conducting research and studies in order to find out the underlying causes and roots of the problem
  • Checked Communicating the progress of the business with other team members
  • Checked Preparing documents and papers related to the firm
  • Checked Checking quality of the service provided by the company
  • Checked Analysing feedback from the public

How to become a Social Entrepreneur

Step 1
Take any Stream at +2 level

Taking any stream in plus two would enable you to pursue a higher studies in Entrepreneurship.However taking the Commerce stream would be advisable as it gives you a basic idea about the commerce and business environment.

Step 2
Take Bachelor’s degree in any discipline

You may take a bachelor’s degree in any discipline as there is no formal qualification for becoming an entrepreneur. Taking a BBA in Entrepreneurship which is of three years duration,is advisable

Step 3
Take MA/ MBA in social entrepreneurship

To be a social entrepreneur it will be an added advantage if you are an MBA graduate in Social Entrepreneurship. This program of 2 years can be pursued after graduation in any discipline.


Note :

Diploma and Short term programs are available on Social Entrepreneurship.

Social Entrepreneurship Colleges

Name State District Type Website Course

Requirements for masters in Social Entrepreneurship

Requirements for admission into a PG course in one of the top institutions to help you get an overall picture

India (MA in Social Entrepreneurship from TISS)

  • A Bachelor's or Master's Degree of minimum of 3 or 4 years duration or its equivalent
  • TISSNET (National entrance test)
  • Personal interview

Foreign (Masters in Social Entrepreneurship from Macquarie University, Australia)

  • Any bachelor's degree with a GPA of 4/7 from a recognized university
  • Minimum of two years’ relevant work experience at a managerial or professional level is required
  • IELTS : 6.5 overall with a minimum of 6.0 in each band

To see the entrance exams, scholarships and UG admission details, click here

Skills Required

Leadership skills

Social entrepreneurs are people who take initiative and action to solve problems and they have to take up the commanding role in leading their team.

Grit

Social entrepreneurs need to possess grit which is a combination of perseverance, passion, and hard work—the relentless drive to achieve goals, complete commitment to achieving their task.

Creativity

Social entrepreneurs need to see new possibilities and think in unconventional ways. They are supposed to explore connections and patterns where few other people would imagine.

Self efficacy

They need to be very confident that they can achieve a bold vision, even when many other people doubt them. They are required to have a strong sense of self-efficacy and a belief that they have control to change their circumstances.

Communication and interpersonal skills

These people will use their effective interpersonal and communication skills to convey their vision and mission to the public and build strong relationships with the team members as well as the client.

Team skills

Social entrepreneurs have to work along with their team and constantly motivate them and enhance the cohesiveness among the members.

Resilience

They are required to be resilient in the face of adversities, obstacles, challenges, and failures. When things fall apart, these people accept failures as feedback and rise to the occasion.

Industries

  • Checked Nonprofit organizations
  • Checked Community organizations
  • Checked Cooperative organizations
  • Checked Health care
  • Checked Education
  • Checked NGO’s

Top companies

  • Checked Ashoka
  • Checked Grameen Bank
  • Checked Seventh Generation
  • Checked TOMS Shoes
  • Checked Barefoot College
  • Checked Green Wave
  • Checked D.light
  • Checked Grey Stone Bakery