It has been a busy first two weeks for me here at SSE. The staff members here at the school are all very dynamic individuals, each with much to add to the conversation surrounding social entrepreneurs. One of the interesting conversations I’ve picked up on here, is one about the challenge of finding funding for small to mid-size non-profit organizations. With the recent credit crunch, there will inevitably be cut backs in government spending, and the endowments of various foundations and investment trusts have already begun to subside. Many people suggest that the private sector should pick up the slack, but corporation’s are experiencing their own economic hardships, and are not likely to increase their financial support to the sector anytime soon. Meanwhile the competition among various non-profits for the available funding is ever increasing. There is constant pressure to reinvent ideas so that they appear fresh and new. This proposes a demanding, however potentially extraordinarily stimulating environment for the avid social entrepreneur.
Nearly everyone is looking to make ends meet, and non-profits are no exception. In the past decade, the solution to lack of funding resources in the non-profit sector has seen a move towards being socially enterprising. Social enterprises aim to construct alternative methods for generating revenue to support mission-based programs. A regressing economy ushers in increasing social tension and disparities. Higher unemployment rates cause individuals to seek self-employment or reinvent their careers in order to regain control of remaining resources.
It seems as though in the current climate, attitude is everything. An optimistic outlook will likely open more doors and sustain enterprises much longer than a negative narrative. Defining oneself as an entrepreneur can take time and involves gradual building of confidence. However once someone begins to see the positive outcomes of their actions or innovative solutions, they begin to feel more passionate about identifying themselves as a social entrepreneur. Perhaps the changing economic environment will create entrepreneurs out of some individuals who may have never considered dreaming up and testing out their own solutions to persistent problems. In his 2007 Nobel Peace Prize acceptance speech, Al Gore pointed out that in Chinese and Japanese, the word “crisis” is written with two symbols. The first symbol stands for “danger,” and the second stands for “opportunity.” A new premium has been placed on vision and strategic planning instead of short-term financial risk taking. Ultimately this type of constructive thinking will benefit everyone, even as some will suffer now.
