Six Habits of SOCIAL Entrepreneurs

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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 …

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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  • 1. 6 The Habits of ^Highly EffectiveS O C I A LEntrepreneurs
  • 2. Why do somesocialentre preneurssucceed... 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 onsomething more fundamental...
  • 5. more invisible...
  • 6. our habits!
  • 7. First we make our habits,then our habits make us.
  • 8. Here, then, arethe six habits ofhighly effective SOCIALentrepreneurs... ☛
  • 9. #1 it abH Social Entrepreneurs Develop S OLUTIONS S
  • 10. They don’t just“make some noise”and ask fordonations andsignatures.
  • 11. They come up withnew solutions...especially those thatBREAK PATTERNSand change systems.
  • 12. And they do thisover 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 untilthey have revolutionizedthe shing industry."Ashoka founder Bill Drayton
  • 15. #2 it abH 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’rehelping people, are they healthier,richer, happier,more skilled oreducated, etc.?
  • 18. If you’re helping theenvironment, is itcleaner, more protected,more biodiverse, etc.?
  • 19. They measure outcomes and manage their success by OUTCOMES... not outputs.
  • 20. “If you cant measure it, you cant manage it. If you cant manage it, you cant deliver it. If you cant deliver it,you have no social value.” David HunterNonpro t management consultant
  • 21. #3 it abH Social Entrepreneurs Establish C hange Models C
  • 22. They know SOLUTIONS don’tautomatically lead to OUTCOMES S≠O
  • 23. Change requires PROCESS,not just PRODUCT.So you need toestablish andvalidatechange models...your formulas forchange.
  • 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 abH Social Entrepreneurs Practice I nclusion I
  • 27. They’ve learned the hard wayto create change WITH not FOR.
  • 28. They design and implementsolutions WITH input andinvolvement 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 abH Social Entrepreneurs Leverage A ssets A
  • 33. They know investors don’t fund IDEAS. They fund RESULTS.
  • 34. So the key to initialsuccess is notBUSINESS PLANS.It’s your ownBOOTSTRAPS.
  • 35. Learn to leverage existing ASSETS...
  • 36. People Skills AssetsResources Networks Organizations
  • 37. Use success to build more success. That’s the way the world works.
  • 38. Do what you canwith what you have where you are. ~ Teddy Roosevelt ~
  • 39. #6 it abH 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 need10 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 OLUTIONSMeasure O UTCOMES OEstablish C HANGE MODELS C Practice I NCLUSIONLeverage A SSETS Think L ONG-TERM
  • 46. Social Entrepreneurship is about...Developing S OLUTIONSthat lead to O UTCOMES O using C HANGE MODELS C that are I NCLUSIVE A SSET-BASED and L ONG-LASTING
  • 47. To learn moreabout 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 EducatorCharles 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 theirown 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 Tsaicharles@socialcreatives.org www.socialcreatives.org