Entrepreneurship: Becoming a Successful Social Entrepreneur

Entrepreneurship

Table of Contents
Entrepreneurship..............................................................................................................................1
Introduction .....................................................................................................................................3
Task 1 Are you entrepreneurial or innovative. ...........................................................................3
Task 1 Social entrepreneurship and motivations to set social enterprise. ..................................4
Task 3 Concept plan....................................................................................................................7
Conclusion ....................................................................................................................................10
References .....................................................................................................................................11

Introduction
Entrepreneur is a person who set up a business to earn profit and take a financial risk for
development of their business. Social entrepreneur are working for welfare of society provide
quality products and services to their customers and poor people to develop their lives. Report is
going to show how to become a successful entrepreneur to develop their business. In this report
we have five themes and select one theme social entrepreneurship to prepare a project and also
prepare a concept plan on a selected theme like market research and target customer analysis and
also how to develop marketing strategy for their business. Needs to know the objective of their
business to develop at a large scale.
Task 1 Are you entrepreneurial or innovative.
Yes, I am an entrepreneur and want to become one of the successful entrepreneurs that
have ability to explore at a large scale. I am from a service class family and wants to become a
successful entrepreneur, my family is supportive and helps me to become a successful person.
Each and every person in my family is highly educated so they are able to cope up with my plans
easily and understand my abilities(Kirzner, 2015). I am living in a society where neighbours and
all of my friends are supportive and motivates me to develop my skills. I am coming from a
positive environment my mother always supports me and try to expand my abilities at a large
scale. I am not from an entrepreneurial family my father is working for a private company and
my mother is a teacher, I have an younger sister she is preparing for entrance exam in law
college. Preparing this project helps me to bring out my innovation and effective use of resources
that helps me achieve my goals effectively. Innovation helps me to develop leadership skills that
I required to control overall working of my organization. Need to prepare a product that have
ability to attract large number of customers towards my products and services and explore my
abilities at a large scale. Innovation bring out my effectiveness to toward completion of task and
explore my abilities to develop at a large scale. Need an decision making skills that helps me to
take a right step towards success of my start-up. Ability of organization and employees helps to
achieve goals and objectives on time. Needs to be creative while preparing a new product and

services for my customers(Kuratko, 2016). Time management skills are requires for
development of business at a large scale.
Task 1 Social entrepreneurship and motivations to set social enterprise.
Social entrepreneurship is a start-up to work for the welfare of the society after effective
analysis cultural and other issues in a society. Entrepreneurs start a organizations like NGO that
works for the welfare of society and poor people. This entrepreneurs are not concentrate towards
earning profit they work for welfare and development of society without charging a profit and
cost for that services. They work to establish a positive environment in society towards welfare
of people in an organization(Rawhouser, Cummings and Newbert, 2019). They are working for
poor people by providing them food, shelter and health care services. As an entrepreneur and
wants to work for welfare of organization open a restaurant and provide free food once a week to
poor people and provide job opportunities for poor people to develop themselves and also helps
to raise profit for restaurant. Entrepreneur needs to be creative to set goals towards welfare of the
society and and helps to solve problems of poor people. Social entrepreneurs fulfil their
responsibilities that helps them to become a important part of welfare of society and helps them
to achieve goals and objectives of business. Fulfilment of social responsibilities helps in welfare
of the globe. Organizations needs to develop their business for effective working and welfare of
society that helps them to achieve goals and objectives of their business. Social entrepreneurs
unsuccessful because they are not interested to earn profit but works for welfare of society.
Business needs to develop their effectiveness and abilities to expand their resources.
Entrepreneurs helps to improve education for people and develop their standard of living. Social
entrepreneurs are more happier then profit making entrepreneur and they are highly motivated
and proud on their own work and helps to develop business effectively and welfare of society at
a large scale.
Motivation to set social entrepreneur
More than good intentions
Social entrepreneurs are highly motivated and works for welfare of society to develop
their business. They want to complete their social duties like provide education to poor children,
shelter to leave and helps them to develop their future(Phillips and et.al., 2015). They are not
concentrated to earn profit but provide quality services to people for welfare of society. Provide