This is a summary of a blog post originally published on the blog of our partners at the HerMeNow Accelerator on 04.03.2024.
Social entrepreneurship is a powerful approach to addressing global challenges, driven by the desire to create positive change. However, it comes with unique challenges. Financial sustainability is a significant hurdle, as social enterprises must balance profit with mission-driven goals, often requiring creative funding strategies. Scaling impact is another challenge, with social entrepreneurs facing obstacles like limited resources and regulatory barriers. Measuring social impact requires robust evaluation processes, as traditional metrics fall short. Resistance to change from established systems, balancing stakeholder interests, navigating complex legal landscapes, and managing burnout are additional difficulties. Despite these challenges, social entrepreneurs continue to push forward, leveraging resilience, collaboration, and innovation to create a more just and sustainable world. Their efforts inspire others and demonstrate that business can be a force for good.
You can read the full article here
