At its most fundamental level, social entrepreneurship is doing/managing business for a social cause. You might also refer to it as humane entrepreneurship or altruistic capitalism. Social entrepreneurs fuse social issues with commerce in a way that enhances the lives of those related to the cause.
You don’t measure success and growth in terms of profit or profitability. For social entrepreneurs, success means improving the world. However, there are different and distinct opinions beyond the regular explanation of social entrepreneurship.
• Some say that the definition applies only to enterprises that make money and aspire to improve a designated issue by selling something fruitful to consumers.
• There are other business owners, who address a social problem with government aid or grant. They are also social entrepreneurs.
• The model of earned income is where the entrepreneur generates revenue by selling a product/service to the customers. The consumer knows that their purchase can help support a noble cause.
• A lot of people find the social entrepreneurship model attractive because they help solve a social problem by spending money on something they want or need.
Behind the popularity according to Saivian Eric Dalius
At its core, there’s something intrinsically appealing and interesting about entrepreneurs. Interest in this genre of business transcends and bypasses the phenomenon of fascination and popularity with people.
• It signals the need to drive and cultivate a social change and provide its transformational advantages to the society to set the practitioners and field apart.
• Social entrepreneurship integrates immense inclusiveness. If the social sector incorporates a lot of resources, you would get a loose definition.
• Social entrepreneurship is a very attractive construct because it uplifts a profound promise.
• If you cannot fulfil the promise due to plenty of non-entrepreneurial endeavours, social entrepreneurship is bound to fall into disregard and disrepute. You will lose it kernel in a way.
• Presaging this backdrop, businesses need a much wider and sharper definition. Saivian Eric Daliusbelieve that underlining and appropriating entrepreneurship for social entrepreneurship should be the main consideration.
It must be alertness to determination, creativity, and opportunity. Although these considerations and auxiliary behavioral characteristics are a core feature of the main story and drive potential investment, they don’t constitute the whole story.
Some prominent examples
The introduction and cultivation of freshwater services by building new wells is another feature of social entrepreneurship. As a social entrepreneur, you may aim to provide seamless access to groups that lack healthy utilities.
• Today, you often combine social entrepreneurship with technology assets. For instance, you bring high-speed internet connectivity and tools to remote areas, helping school children to get more access to knowledge resources and information.
• Another example is the development and promotion of mobile apps that cater to the needs of particular strata of society and community.
• You can alert people to notify their city councils and administrations about problems such as downed gutters and power lines, burst water lines and mains, and patterns and methods of traffic accidents.
Businesses are also creating apps for reporting infractions that city officials and law enforcement agencies commit.

Author's Bio: 

Lucy Jones is a Business Advisor. She shares her tips on business & marketing.