My newsletter is a summary of π entrepreneurship Do's and Dont's from my podcast guests, who are all successful entrepreneurs changing the world for the better π advice to grow your company quicker with better ROI thanks to growth marketing and Linkedin strategies Sign up too if you also want to make a bigger positive difference on this world!
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Hello dear Entrepreneurs changing the world for the better,
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Episode 18 is out, and it is for all those who want to have a social impact on the world! π
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Are you dreaming of starting your non-profit organization, but you don't know where to start?
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Or maybe you started it, but it turns out that growing it and funding it is more complex than you thought!
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Well, this episode will have some answers you need to start and grow your non-profit organization.
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My guest is Melina Taprantzi, the founder of Wise Greece, a social entrepreneurship pioneer and non-profit organization.
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Melina recently won an award from the United Nations, which recognizes her as one of the seven women worldwide, whose activity significantly contributes to the achievement of the global sustainable development goals 2030.
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Wise Greece has a double mission: they support small Greek food producers by promoting top quality Greek products through the sales of which they raise money and buy food in order to donate it to the people in need.
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They cooperate with more than a hundred producers selling more than 2500 of their products. And they have distributed more than 50 tons of food to orphanages and soup kitchens across the country.
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Melina shared a list of 8 Do's and Don'ts about
π‘ βHow to build a social enterprise!β π‘
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So be ready to learn from a very inspiring and very impactful social entrepreneur:
βClick here for the link to all podcast platforms & the resources of this episodeβ
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And as usual, your promised newsletter perks below π
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MY FAVOURITE AND MOST INSPIRING PART
When I asked Melina to tell me one thing I could not find online about her, she told me the following:
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For all of you who probably doubt like me, like every entrepreneur, who have this rollercoaster of emotions everyday:
imagine this comes from one of the seven women worldwide, recognized by the UN for her contributions to the achievement of the global sustainable development goals 2030!!!
So think about that the next time you feel down!
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DO'S & DON'TS
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Start from the social problem & Donβt build your model around profit
"You shouldn't start building your business from a business model. If you want to become a social entrepreneur, you need to put the social impact, the social problem, in the first place." We have discussed with Melina which KPI she uses (on her case for example: they distributed 50 tons of high-quality food so far, the type of food children need in order to grow well).
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Focus on how to maximize your social impact in every step you take
"As a social entrepreneur, you might need to make some decisions that will not benefit the for-profit side of your business, which means that you might hire people who come from a disadvantaged background who are maybe disabled or who are refugees and they don't speak the same language as you. So, you make this decision, you focus on supporting those people, even though you know that there are not going to be as productive as others". Melina also explained that you should be ready to accept that you company won't exist anymore if you really manage to solve the social problem you work on.
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Build a model that is financially and socially sustainable at the same time
This advice might seem to contradict the first one, but Melina explained how you need to start from the problem first, and how to solve it, but you need to find a way to have a revenue. This is how you can build a SOCIAL ENTREPRISE.
"you do need to build a business model, like any other regular business that has revenue, and maybe multiple revenue streams, which is the best scenario in order to to survive. Because if you don't survive, then you will not be able to provide any kind of solution to the problem, the social problem that you are aiming. So it works both ways: you have to be a businessman or a business woman, and a philanthropist at the same time.
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Here are the next Do's and Don'ts that I let you discover in the episode ;-)
- Focus on the 4 Ps of social entrepreneurship: People, Planet, Passion, Profit
- Be open, transparent and adaptable
- Don't use social impact as a marketing tool
- Don't look for customers but supporters of your mission
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Resources and recommendations from the episode
- Books:
βBankers to the poors, and A World of Three Zeros: The New Economics of Zero Poverty, Zero Unemployment, and Zero Net Carbon Emissions, both from Muhammad Yunus
- Podcast:
Malcom Gladwellβs Revisionist Historyβ
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Melina and Wise Greece:
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π WANT TO SUPPORT MISSION FIRST? π
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You'd be fantastic and very helpful if you:
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Have a nice listen to the episode and see you in two weeks for the next episode and Do's and Don'ts :-)
Keep up the good work,
Gilles
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My newsletter is a summary of π entrepreneurship Do's and Dont's from my podcast guests, who are all successful entrepreneurs changing the world for the better π advice to grow your company quicker with better ROI thanks to growth marketing and Linkedin strategies Sign up too if you also want to make a bigger positive difference on this world!
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