9 Life-or-Death Lessons for Social Entrepreneurs


Bangalore: Working on different sectors of life many entrepreneurs build the best business, they construct the best social networking website, build portals for ecommerce and recreate educational systems but how far does all of these help our fellow beings? Does it do any good to the people who cry and die of poverty? The mockingly called ‘third world nations’, are they benefited? It really doesn’t matter to most entrepreneurs but the best of all are concerned, at least a few of them.

Careful Planning

When you have a business plan and if it is related to a social cause, the chances are that, it may not become a great success if not planned properly. Careful planning is mandatory before any business but if it is again towards a social cause, then there are few extra precautions that you take to ensure funders and investors pitch in to the business plan, as reported by Forbes.

Prove that you know your customers decisions

You really can’t change the decisions that a customer makes but a small influence can be made with great and sensible marketing. Most of the social entrepreneurs these days ask their customers to change their spending behavior: To pay for clean water instead of doing it all with dirty water, invest in solar lights that initially cost more than the regular toxic kerosene. Ensure that you know how it completely works and prompt them by obviously showing them the good benefits f your product.