Question

What are the similarities between social entrepreneurs and small business entrepreneurs?

Answer 1

Social Entreprenur:

Is a person who governed by altruistic values and social motives,identifies a pressing social problem,develop a viable business solution and build an Enterprise to bring in the desired social and environment impact with financial sustainability.

Business Entreprenur:

Is a person as an agent who purchased the means of production for combination into marketable products.

Similarities:

• Bother have similarities of funding patterns depending mainly funds from self,family and friends.
• Both have similar low score and perceive that they have officient partner network.
• Both strive to keep down the cost and attain economics of scale ,costing and pricing strategies are same.
• Both have revenue make multiple streams which are same.
• Both are following multi profitable consumer segments.
• Both are meet the demand for consumer in society.
• Both it is seems common requirements in building a strong in the market,creating product/service well aligned with customer needs.

Entreprenur,social /commercial are important catalysts for economic and social growth of a Nation,commercial Entreprenur provides solution to mainstream customers,social Entreprenur are devising strategy to provide affordable solution to the poor.