Social Entrepreneurship: Insights from Samsara Creation

In a significant event organized by Samsara Creation, a leading organization in the field of social entrepreneurship, CEO Kushal Achhami shed light on the essence and intricacies of entrepreneurship, vision, innovation, risk, collaboration, and decision-making. With a primary focus on social entrepreneurship, the event delved into the concept of social business models and the triple bottom line, while also addressing the challenges associated with this unique approach to business.

Mr. Kushal Achhami emphasized that entrepreneurship revolves around having a clear vision and the courage to take innovative risks. Entrepreneurs are change-makers who envision solutions to existing problems, challenge the status quo, and bring new ideas to life. Innovation is the driving force behind their success, propelling them to create ventures that positively impact society.

In the world of entrepreneurship, collaboration plays a vital role. Mr. Achhami stressed the significance of building strong partnerships and networks with like-minded individuals and organizations. Working collectively enhances the potential for success and amplifies the positive impact on society. Moreover, he highlighted the importance of staying grounded in reality while pursuing entrepreneurial endeavors, as it involves overcoming numerous obstacles and uncertainties.

  • Social Entrepreneurship: A Force for Positive Change

The event highlighted the importance of social entrepreneurship, which uses entrepreneurial principles to tackle social and environmental issues while focusing on the welfare of communities. Participants extensively discussed social business models that aim to make positive impacts on society and the environment. Success in these ventures is not only measured in financial terms but also by the positive changes they create for the betterment of society.

  • Triple Bottom Line: Balancing People, Planet, and Profit

The triple bottom line is a fundamental concept in social entrepreneurship that focuses on three key elements: people, planet, and profit. Successful social entrepreneurs understand the significance of balancing these three aspects in their ventures. Firstly, the “people” aspect emphasizes the importance of considering the well-being of communities and stakeholders. Social entrepreneurs aim to uplift and empower individuals, creating positive social impacts through their initiatives. They may address issues like poverty, education, healthcare, and access to basic needs. Secondly, the “planet” aspect highlights the responsibility of social entrepreneurs to be environmentally conscious. They recognize the impact their businesses have on the environment and actively work to minimize negative consequences. This involves adopting sustainable practices, reducing carbon footprints, promoting eco-friendly products, and contributing to environmental preservation. Thirdly, the “profit” aspect acknowledges that financial sustainability is crucial for the long-term success of social ventures. Profitability allows social entrepreneurs to scale their impact and reach more communities. However, unlike traditional businesses that solely focus on maximizing profits, social entrepreneurs understand that financial success should align with the positive social and environmental impacts they strive to achieve.

The triple bottom line approach highlights the importance of businesses aligning their goals with the greater good. It encourages a shift from a solely profit-driven mindset to a more sustainable and responsible business model. Ultimately, successful social entrepreneurs leave a lasting positive impact on society, empowering communities, preserving the environment, and inspiring other businesses to embrace social and environmental responsibility.

During the event, they discussed the difficulties social entrepreneurs face, particularly regarding climate change. With environmental issues becoming more serious, social entrepreneurs need creative solutions to promote sustainability. Additionally, in social entrepreneurship, decision-making must carefully consider ethical and social aspects to achieve positive outcomes for everyone involved.

  • Quadruple Bottom Line 

The Quadruple Bottom Line, also known as the 4P’s, expands on the traditional Triple Bottom Line by adding a fourth dimension – “Purpose.” This framework is used in social entrepreneurship to assess the overall impact and success of a business or project. The Quadruple Bottom Line assesses a business’s impact and success based on its social and environmental purpose, planetary sustainability, financial profitability, and positive contribution to people and communities. This framework guides socially oriented businesses in achieving holistic and sustainable outcomes that benefit society as a whole.

The status of socially oriented business is gaining significant traction and recognition in today’s world. More and more businesses are embracing social entrepreneurship and integrating social and environmental missions into their core strategies. Socially oriented businesses are seen as agents of positive change, addressing pressing social and environmental issues while pursuing sustainable economic growth.

Many socially oriented businesses are achieving remarkable success, making a significant difference in the communities they serve. They are creating innovative solutions to societal challenges, supporting vulnerable populations, promoting diversity and inclusion, and contributing to environmental conservation. However, challenges still exist. Socially oriented businesses must navigate complexities, including securing funding for social initiatives, measuring their impact accurately, and balancing profitability with social and environmental objectives.

Socially oriented business is promising, as more entities recognize the importance of contributing to a more sustainable and equitable world. As this movement continues to grow, it is expected that socially oriented businesses will play an increasingly vital role in shaping a better future for society and the planet.

The event organized by Samsara Creation offered a thorough exploration of social entrepreneurship and its potential for creating positive global change. Mr. Kushal Achhami’s insights on various aspects of entrepreneurship, like vision, innovation, risk, collaboration, and decision-making, demonstrated the dedication and enthusiasm required for success in social entrepreneurship. The event emphasized the importance of balancing economic, social, environmental, cultural, and ethical factors in entrepreneurial endeavors through the triple and quadruple bottom lines. Aspiring social entrepreneurs were encouraged to embrace challenges, envision a brighter future, and establish ventures that make a lasting positive impact on society and the world as a whole.

–शुभाँक्षी पौडेल

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