your password has been reset successfully, Please login again.

These 3 Ways Help Social Entrepreneurship Increase Your Business Growth

If a company wants to ace in the competition, then it needs to understand the importance of social entrepreneurship and thus, creates one for itself.
BY Jaspreet Kaur
Feature Writer, BusinessEx
Oct 07,2019

At present, education has become a significant tool to resolve social, political, monetary and personal issues. By imbibing education, one poises to elevate in the society and consequently, contributes to the country’s development. When a student receives the education he tends to apprehend the real world outside the school. However, this process comprises of challenges and difficulties that one has to face in the private sector. Mainly, these challenges are not limited to the education sphere.   

In such cases, following the social entrepreneurship model is an ideal solution to resolve issues and easily adjust in private as well as the public sector. For instance, to apprehend poverty in the country. One needs to go back to the primary roots where the distinction between poverty and rich is being taught. Thus, one needs to head back to the alma mater to form an educational framework for understanding poverty.     

By following this approach, entrepreneurs can easily formulate or plan an organizational structure. 

Plan a Framework 

If a company wants to ace in the competition, then it needs to understand the importance of social entrepreneurship and thus, creates one for itself. Considering the industry that the company is working in, an organizational structure or framework should be effective and is easily adopted by the masses. 

An ideal framework can be one wherein you resolve an issue that has been decimating the ecosystem. 

Your solution should not only resolve the problem temporarily but also terminate it permanently. By creating such a solution, the company will not only lessen problems of general masses but also assist them in leading a better life.   

Making a Positive Impact 

An idea helps to start a business and eventually, increase its presence in the market. Developing an ideal business plan and executing it, takes an immense toll on the entrepreneur as one has to ensure that all plans are accurately practiced in reality. 

To give a better impression, an entrepreneur needs to check if his product has any flaws. Rechecking the product and offering samples to the consumers and then collecting their feedback will increase the chances of business success.  

Decrease the Feedback Process 

When a certain product is made, there are a lot of people to criticize it deliberately. By considering each and every critic, an entrepreneur can sometimes devalue the overall product. To avoid such a thing, the entrepreneur should acknowledge criticism and work on those areas which actually need remodification. 

On the other hand, altering the product according to others’ suggestions can decimate the overall purpose of the product. So, reflect on the purpose of your product and then make changes accordingly. 

Please add your Comment
SIMILAR Articles
June 03, 2020
Many companies that are categorised under MSME, are not fully aware of risk management and its proce ...More
By Jaspreet Kaur
April 07, 2020
A company can deploy new-age marketing skills to increase speed, synchronization and develop connect ...More
By Jaspreet Kaur
April 04, 2020
During the quarantine, entrepreneurs need to adapt transition and embrace some of the healthy practi ...More
By Jaspreet Kaur
March 19, 2020
As per the UN conference, the coronavirus outbreak may affect the global economy by $1-2 trillion in ...More
By Jaspreet Kaur
February 24, 2020
Hyperlocal platforms are today helping kirana store owners to cope with the competition, initiated b ...More
By Jaspreet Kaur
February 16, 2020
Companies have begun employing information technology to develop their productivity in a series of d ...More
By Jaspreet Kaur
January 31, 2020
Here’s how a businessman can get perfect mentoring as well as angel investment for a venture ...More
By Jaspreet Kaur
January 23, 2020
Tea, being the favourite hot beverage of the Indian natives, comes in rich flavours; in a bid to aro ...More
By Jaspreet Kaur
January 06, 2020
Microfinance startup, Satin Creditcare Network Ltd (SCNL) has lately received External Commercial Bo ...More
By Jaspreet Kaur
December 27, 2019
The company’s demise was a gradual process, which began with the sale of its physical stores. ...More
By Jaspreet Kaur
December 23, 2019
Salesforce has separately inked Memorandums of Understanding (MoU) along with Telangana Academy for ...More
By Jaspreet Kaur
December 21, 2019
Funding is a crucial element while building a company. It is usually believed that sans money no bus ...More
By Jaspreet Kaur