Entrepreneurship Industry News

69 Ways To Be A Better Social Entrepreneur

The other day, a colleague asked me, “Would you rather buy a 400-page book that guaranteed you’d lose 30 pounds in 30 days or a one-page checklist with the same guarantee?”

That got me thinking, what if I could get the best advice that my network of social entrepreneurs and impact investors could offer in short, tweetable chunks? Wouldn’t they have to strip away all of the stuff that doesn’t matter to provide game-changing advice?

Over the past five years, I’ve had over 800 people on my show to talk about changing the world. Sixty-nine of them responded to my request for their best advice for social entrepreneurs in 100 characters or less. These gems, from people who either have been where you are going as a social entrepreneur or are investing in social entrepreneurs like you, may represent the checklist for success and impact that you’ve been looking for.

Aaron Hurst, CEO of Imperative and author of the Purpose Economy:

Don’t just seek to serve a need but to fundamentally shift an issue or market.

Adlai Wertman, USC Professor, Founding Director of Brittingham Social Enterprise Lab:

Don’t believe the people who tell you that you need private sector experience first!

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Amit Bouri, CEO of the Global Impact Investing Network (GIIN):

Build relationships and approach performance thru a lens of impact, risk & return. #impinv #socent

Andreas Karelas, Executive Director of RE-volv:

Have fun with it. Do it for the fun of it and don’t worry about the rest.

Andrei Cherny, CEO of Aspiration:

Make bold plans. Make them reality by focusing on tiny details. Bet on trust, decency and goodness.

Anne Friedman, managing director of Somos, a Hult Prize finalist:

Product < Your ability to communicate its value. Nail the elevator pitch FIRST.

Arlene Samen, president of One Heart World:

Social entrepreneurs are able to navigate troubled waters without hesitation.

Ashish Gadnis, co-founder and CEO of BanQu, Inc.:

End extreme poverty by enabling an economic identity for all humanity.

Ben Block, founder of GozAround, Inc.:

Don’t undercut your vision. Watering down your dream drains its power to attract support.

Billy Starr, founder of the Pan Mass Challenge:

Credibility through repetition; closer by the mile; commit, you’ll figure it out.

Bobby Turner, CEO of Turner Impact Capital:

Recognize that daunting social challenges create generational investment opportunities.

Cecile Blilious, managing director and co-founder of Impact First Investments:

Global challenges can be addressed with technology. Think creatively about tech solutions.

Charles Best, founder of DonorsChoose.org:

The two most important attributes for a social entrepreneur to possess: hustle and humility.

Dan Buettner, founder of Blue Zones, LLC:

The secret to most success: relentless pressure, gently applied.

Daniel Jean-Louis, CEO of Bridge Capital:

Foster a trusting relationship between the stakeholders involved in wealth and impact creation.

Daryl Hatton, CEO of Fundrazr:

Most important words for social CEOs: “How can I help?” Builds team, connections, community & success.

David D’Angelo, Founder of Jack of All Fares:

Persist not for bottom lines, but because lives depend on it. Then live in a state of urgency.

David Wilson of Capgemini:

While passion for social impact is key, a sustainable plan is the only path to long-run viability.

Elizabeth Dearborn Hughes, CEO of Akilah Institute:

It’s never too early to create HR policies. Maybe not the most fun but will save headaches later on!

Jack Rolfe, CEO of the School of Life Foundation:

It is critical to develop solid tools for measuring your impact!

Jacob Lief, CEO of the Ubuntu Education Fund:

Be ambitious. Be willing to risk failure. But also be honest and think critically about your mistakes.

James Citron, CEO of Pledgeling:

Create like an architect, disrupt like a hacker, execute like a for-profit and lead with heart and impact.

Janice Lintz, CEO of Hearing Access and Innovations:

The naysayers will tell you what you can’t accomplish and happily take credit for the success.

Jenny Kassan, of Jenny Kassan Consulting:

Know that it is possible to raise funding from investors on your own terms.

Joel Solomon, co-founder and chair of Renewal Funds:

My life purpose drove my investing, an instinctual process of love for the future.

Juan Diego Prudot, chief information officer at IMPCT:

Play the floor is lava: jump over obstacles and try not to fall, but if you do, the game just restarts.

Kara Goldin, CEO of Hint:

Life has so many different chapters. One bad chapter does not mean it’s the end of the book.

Karim Abouelnaga, CEO of Practice Makes Perfect:

Don’t chase people who don’t believe in your mission to support your work. It’s a bad use of time.

Katherine Fife, founder of Philanthropy Matters:

To be successful, social entrepreneurs must be authentic and express an abundance of gratitude.

Kathleen Minogue, founder of Crowdfund Better:

Don’t be afraid of appearing to stand still; listening, observing & reflecting are actions.

Read More: www.forbes.com