There has been a new opening in the entrepreneurial frontier, but is it a new movement? Social entrepreneurs like Marc Sparks have been widely lauded in the media lately. The rise in this form of social change has been aided by the proliferation of the digital universe. The effects of the digital revolution on the entire world cannot be understated in any aspect of society, but it especially excels at connecting people. This connection has had the effect of shrinking the expanses of the world greatly. It has also made business global instantly as well as made worldwide ills very visible. Entrepreneurs are natural problem solvers, and when they encounter these daunting issues, they automatically map out solutions. However, by doing this, the question of why nothing has been done to rectify these situations if they can be readily solved has to be asked.
Social entrepreneurs fill the gap that traditional business and governments cannot or will not, but instead of placing their own capital into solving these problems, they apply entrepreneurial principles in solving the problems effectively and sustainably. They are also able to initiate this change on a wide scale, and scaling is an entrepreneurial tenet. Some social entrepreneurs have been able to initiate change to entire societies by employing techniques to achieve an idea rather than profit. Entrepreneurs also have to take lofty ideas and make them viable solutions, and this takes a measure of realism above what is common in most people. This type of entrepreneur also has to sell people on their ideas over a very wide scale in easily understandable and easily implementable ways.
Often, people who are already successful in the business world will utilize social entrepreneurship to solve social issues. Former president Carter utilized social entrepreneurship to start Habitat of Humanity. This organization builds homes for low income people that earn equity by working to build homes for people in the same situation. The term sweat equity is the entrepreneurial principle utilized in that venture. Successful entrepreneur Marc Sparks shows that social entrepreneurship can be applied to any level of issue to empower people. He personally utilizes social entrepreneurship to empower budding start-up entrepreneurs with mentorship from successful entrepreneurs.
By doing this, he allows the budding entrepreneurs to gain insight that they would have otherwise not been subject to incurring. The information they gain is invaluable, and relationships can be started that benefit them for their entire careers. People can learn more from successful people than can be had from people that simply like to maintain the status quo or that have failed because success is a mindset that can endure failure, still overcome the obstacles and maintain perspective.