Career Resources > Got a Bright Idea? Why Not Become a Social Entrepreneur?

Got a Bright Idea? Why Not Become a Social Entrepreneur?

In Singapore, social enterprises are part of an increasingly vibrant scene, with over 100 different active social enterprises in existence today. Social enterprises, such as co-operatives, emphasise the public good over profit margins.

According to (pronounced ‘advocacy’), a youth-initiated campaign that seeks to raise awareness about social enterprises among youth in Singapore, less than 13 per cent of Singaporeans know what a social enterprise is – even if you’ve frequented eateries like Food for Thought, Eighteen Chefs, Professor Brawn Café, or Joan Bowen Café, all of which are social enterprises!

If you’re wondering about the benefits that can come out of a social entrepreneurship, read on to find out!

Work-Life Balance? Checked!

Being your own boss doesn’t mean that you can enjoy a one-day work week (at least not at the start!). But it does mean that you should know when it’s time for work and play, as there won’t be a supervisor asking you for work updates.

On a certain level, being the boss of your own social enterprise means that work and play can be more clearly delineated – pour your blood, sweat and tears when the effort is called for, and then take a clean break from your business on the weekends.

On a more practical level, running your own social enterprise is arguably a great way to find greater fulfilment in your work.

Effecting Societal Change

At the heart of every social enterprise lies a desire to leave an indelible mark on society and provide others with an opportunity to do the same. Perhaps you’d like to help ex-convicts integrate back into society or reach out to at-risk youths. Regardless of what the social issue, setting up a social enterprise allows you to kill two birds with one stone. You get to address an issue you are passionate about with a solid business proposal to create a win-win concoction that can take the world by storm!

In addition, you’ll also be presented with innumerable opportunities to raise awareness on the issue, and this can be the catalyst that sparks off the change that you wish to see at a societal level.

A Rewarding Endeavour

A social enterprise is not for everyone – you may prefer to chase wealth or climb the corporate ladder, or perhaps managing a business simply isn’t your cup of tea. Furthermore, your journey as a social entrepreneur won’t always be smooth-sailing, and there will be times when you find yourself asking if you’ve made the right choice.

At the end of the day, what is certain is that it is a rewarding choice – just ask any social entrepreneur out there and they will tell you that. Even though it may require considerable effort, it’s not every day that you get to make a living doing what you love while making the world a better place at the same time - there’s nothing quite like it!

Want to set up a social enterprise? Find inspiration in a voluntary/non-profit organisation!