Patrick Henry Entropic | Social Entrepreneurs - A New Generation Business Model

Patrick Henry Entropic, Co-founder and father of Questfusion and GroGuru is a serial entrepreneur from San Diego. He has completed his Bachelor of Engineering from the Georgia Institute of Technology, Atlanta and a Master of Business Administration from the University of Southern California. Patrick Henry became also the 2008 winner Max Ernst and Young Entrepreneur of the Year of Technology, San Diego Daily Transcript in 2008 the main character in an alternate of Technology, and the San Diego Business Journal in 2011 as the majority of the central authority of the business organization.

Mr. Patrick Henry is a senior executive and has twenty-five years of expertise in a number of high-technology institutes around thirteen years as head of the government and sixteen years as a manager Senior government. In addition, he has always promoted small groups.

Socialentrepreneurship is the combination of commerce with social issues. It is whilst you start an enterprise for philanthropic reasons. Also called “Altruistic entrepreneurship”, it’s extensive and might include each non-earnings organizations like Doctors Without Borders, which depend almost exclusively on donations and presents, and for-earnings businesses like Tesla, which turns an income via placing its clean power products the front and center. Social entrepreneurship can also consist of bricks-and-mortar establishments and on-line business ideas. TOMS, for instance, opts for both.

Social entrepreneurs are innovators who start companies and businesses that are devoted to giving lower back. Unlike nonprofits, social entrepreneurship nevertheless earns earnings, but the awareness is positioned on the social or environmental exchange made while earning that income.

Characteristics Of A Social Entrepreneur

If you're a social entrepreneur or aspire to turn out to be one, you could wonder what character traits will assist you prevail in the fast-paced, emerging area of social entrepreneurship. After operating with and looking at numerous social entrepreneurs, the Social Sector Network team has recognized the following 7 persona traits that we view as important for social entrepreneurial achievement:

1. Curiosity

Social marketers have to nurture an experience of interest in human beings and the problems they face. The best social entrepreneurs are seeking to truly apprehend the wishes and goals of the human beings they serve. 

Great social ventures regularly begin through immersive market research, an empathy-eccentric system through which social marketers benefit understanding of the subject.

2. Inspiration

In order to layout powerful answers, social marketers ought to be stimulated by means of the people and troubles they come across. 

Inspiration motivates action and helps social marketers tackle challenges that others pull away from addressing.

3. Resourcefulness

In the sector of social entrepreneurship, key assets, including human and monetary capital, can regularly be scarce. Successful social marketers recognize how to leverage the resources at their disposal and increase revolutionary techniques to overcome limitations.

4. Pragmatism

Changing the arena takes time, effort, and experimentation. While visions for massive social exchange might also offer their concept, experienced social entrepreneurs realize that they need to take small steps in pursuit in their goals. 

Great social ventures are not born in a single day!

5. Adaptability

Social entrepreneurs should remain open to answers. This consists of knowing whilst to pivot and trade their strategies if their preliminary techniques do now not be triumphant. 

Adaptability and versatility are necessary for the improvement of early-stage social firms.

6. Openness to Collaboration

While embarking on a quest to trade the world can also experience lonely, it's far essential to understand that social entrepreneurship is a team game, and other humans are inclined to assist. Social entrepreneurs need to live open and attentive to capacity partnerships and collaboration opportunities.

 In many cases, collaborative tasks and joint-ventures can obtain social/enterprise goals tons greater efficiently than solo endeavors.

7. Persistence

Social marketers take on a number of the maximum daunting challenges our society has to provide. This frequently creates a recipe for early-stage screw ups. However, successful social entrepreneurs are those who persist beyond preliminary setbacks and persevere to deliver effective solutions. 

Experienced social entrepreneurs realize a way to analyze from failures, regulate their strategies, and make chronic strategic upgrades. Don’t surrender if at the beginning you don’t succeed!