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What is the similarities between Social Entrepreneur and Traditional Entrepreneur?

Sagot :

Answer:

The key difference between social entrepreneurs and traditional entrepreneurs is in how each type of entrepreneur measures success.

Traditional entrepreneurs measure their success with financial metrics, such as revenue and profit. Along the same lines, a traditional investor is typically only concerned with financial return on investment (ROI).

On the other hand, social entrepreneurs measure their success with environmental and social metrics, as well as financial ones. These metrics depend on the nature of the social enterprise, but examples include:

CO2 emissions offset

Acres of farmland sustainably managed

Kilowatts of solar power installed

Low-income students educated

Jobs created for felons

Impact investors specialize in providing capital to social entrepreneurs. Their metrics typically align with those tracked by social entrepreneurs. Along with financial ROI, Impact investors seek environmental, social, and governance (ESG) returns.

Social entrepreneurs are a specialized segment of traditional entrepreneurs.

ANSWER:

both of them have the ability to find opportunity and make a significant impact on society