Social Entrepreneurship: NEW AGE GO GETTERS

Bill Drayton said it best, "Social entrepreneurs are not content just to give a fish or teach how to fish. They will not rest until they have revolutionized the fishing industry." We as entrepreneurs have an important influence greater than we could imagine. In essence, social entrepreneurship is a great way to change society. Everyone would be in business for themselves and learn the ins and outs of being an entrepreneurial.

Watching this 1 1/2 hour video, actually can be a great simulator for students in high school all the way through college. The panel of host gave great insight on who they are and how they got started. It took hard work and perseverance to get to where they are today. They all basically stepped out on faith and believed in their dream. In today's society they are called, "GO GETTERS"!

They gave up a lot over the years to get where they are: financial risk, career risk, family and social risk. These risk played an important part with each person. The companies that they started and got other investors to invest in helped them along the way.

Economic Development: Old vs. New

Location is an important tool in the world of economic development. Many entrepreneurs and companies thrive on this because location, in most cases, will either make or break your business. Economic development is the adoption of new technologies and improvements in everyday living.

In class we discussed the difference between North and South Huntsville, Alabama. The further you go out towards University the more businesses are being built and are thriving compared to those that are South of University. Those that are not thriving are in the urban areas where a lot of people have to travel to other parts of the city just to find something to do. 

For example, in the urban areas you find more cash advance loan buildings than banks. You will also find more businesses such as restaurants, gas stations, schools, and fast food places on University, and down South Huntsville than in the middle of North-west Huntsville. 

Northwest Huntsville could have some wonderful attractions and businesses if people would start taking care of things and building up their community instead of trying to tear each other down, but they want the best things for their children. There should be more places like this picture with booming businesses throughout the city of Huntsville, Al.

After watching this video on "Huntsville Alabama: A Smart Place" hopefully your dreams and determination to build Huntsville back up is your game plan. Take a look: 

How Bad Do You Want It?

Developing the entrepreneurial mindset is one of the most self growth events in a person's life. Who you are, what you think, your personal habits and beliefs absolutely determine the results you get and challenging yourself to overcome and change what's not working is very important. Entrepreneurs are independent individuals who are determined to persevere in life and in the workforce. Being an entrepreneur is all about "give and take" (meaning you have to give up things in order to get where you want in life). For example, financial risk, career risk, family and social risk. 

These are the most important risk that an entrepreneur should worry about when they are putting themselves and others through a transition. The financial risk varies in the entrepreneur's desire wealth. The probability of loosing money instead of gaining is a hard pill to swallow when you put all your eggs in one basket.

The career risk is the second risk that entrepreneur take into consideration when starting their business. If your business is not doing well at the time, make sure you have a back up plan to pick up on. Never go into something without thinking every thing through. Lastly, the family and social risk is a crucial thing because it takes time away from love ones and you miss out on precious times with your children. 

It does not matter how long you run the race as long as you finish.  You can start by viewing this video:

                   

HOW BAD DO YOU WANT SUCCESS?