The world of business has always
been attractive to business-minded individuals because of the anticipation of
profit, prestige and expression of one’s passion. While businesses thrive
towards progress, public impression goes evident that businessmen exist mainly
for profit motives. This raises concern among the new generation of
entrepreneurs taking into consideration the welfare of the society where they
operate. In the same manner that quite a number of challenges including
poverty, unemployment, human trafficking, and lack of access to affordable
education bombard socially responsible individuals to do something for the
benefit of others. This leads the way to a new concept in business – touching
the very emotion of the entrepreneur which eventually becomes his expression of
love in business. Hence, the era of social entrepreneurship.
What is Social Entrepreneurship?
Entrepreneurship as a concept and
as a practice has evolved from engaging into business for profit motives into a
business venture for the good of the society which is named as social entrepreneurship.
It is in line with the Chinese Proverb that goes “Give man a fish and he will
live a day and teach man how to fish and he will live a lifetime.” Moreover, it
is an undertaking whereby the entrepreneur conceives, organizes, manages and
assumes the risks of an enterprise created for the good of society.
Truth be told that Social
Entrepreneurship touches our emotions that we tend to be receptive and
sensitive of the community that we belong. It is giving attention to a painful
need, a seemingly endless problem that a large number of population suffers –
something that makes you uncomfortable, disturbed and agitated that propels you
to think of business ideas that would serve as a solution to the challenges.
Simply put, Social Entrepreneurship is a business by the people, of the people
and for the people.
My Journey to Social Entrepreneurship
I learned about social
entrepreneurship exactly four years ago through Project Pagsulong – a
nationwide competition for Social Entrepreneurship Ideas. With its advocacy to
have a societal impact, I took the chance of joining where I submitted E3
Radical Ventures which is all about Electronic Entrepreneurship Education. From
then on, I fell in love with the concept and I was inspired to share it to my
students with the commitment that I will apply it the simplest way I can.
While I find it to be too ambitious
to undertake social entrepreneurship because I am also in need, I just find it
imperative and necessary to do my part. We basically started MSU Young
Entrepreneurs Society, 2nd semester of A.Y. 2013-204 with the end goal of
helping out the self-supporting students by educating them about
entrepreneurship, teach them how to implement business ideas and guide them in
earning money for their benefit. It was a failed attempt due to busy schedules
and other priorities but we have started reviving it now by producing polvoron,
banana delight, papaya delight among others. We are few in number but I hope
and pray that we will expand and be able to push it through no matter what.
Ideaspace Competition
Sometime in November 2014, we
received an invitation to join a Nationwide Business Idea Competition in the
field of Technopreneurship at MSU-Iligan Institute of Technology. Student
participants converge at the venue, fully inspired to offer a business solution
to societal problems through technology. I was one of the faculty chaperons and
after knowing that the competition was open to all, I grabbed the chance. We
then formed a team including the late Dr. Perla Calunod and Mr. Ralph Buca who
are also my colleagues. The idea is coined as E3 Learning which focuses
on Electronic Entrepreneurship Education. The main goal is to encourage the
unemployed, less fortunate and struggling Filipinos to learn about
entrepreneurship, do business and make a living out from it. Our business
solution is far unique from the existing businesses because we lead the way
from education to business idea implementation and from the employee mindset to
entrepreneurial mindset. We make it a goal that all enrolees will be guided
from idea generation, making of a business plan, sourcing of funds until
implementation. The advocacy goes further with giving them tips for marketing
strategies, bookkeeping and overall business management so their individual
businesses will be successful. We were qualified for the Round 2 of Judging and
we hope and pray that we could proceed to Round 3 and onwards J
The Ongoing Challenge
Venturing into social
entrepreneurship necessitates lifelong commitment, selfless effort and
unwavering dedication to get things done. These challenges may be daunting and
demanding but the advocacy is worth a try for the benefit of everyone
concerned. Let’s embrace social entrepreneurship, practice it and may we become
the catalysts of change this world has been longing for!
Let the love begin in business.
P.S. This is the article I wrote in the Portfolio Monthly Issue of ANG PAGSIBOL :-)
Get a copy of the issue and enjoy reading :)