The Wave of Social Entrepreneurship

Title: The Wave of Social Entrepreneurship
Date: 2012-04-11
Speaker: Jeff Church (Nika Water)
Link: Entrepreneurial Thought Leaders
 
 
You better out-prepare everything.
The secret to a successful forty-hour workweek is to work eighty.
The value of networking is so important particularly at a younger age.
Begin with the end in mind.Push yourself out of your comfort zone.
You only have your good name in life to leave as your legacy.
You want to share the upside with people but be really careful with the dilution.
Really understand your partners.
When you’re buying a business or building a business integrity is so important.
Break bread with your prospective partner (and their spouse).
A lot of time the NGOs aren’t the best business people in the world.
The more education we get the more we learn all of the reasons businesses fail. Use those to make sure your business doesn’t fail.
Young people today want to be part of something bigger than themselves and they also want to make a buck. You can do both. You don’t have to wait thirty years to do it.
The Internet makes all of us be academic researchers from our laptops.
There is no reason for any of us to not be experts before we put a business plan together.
As the baby boomers are retiring a lot of them are giving back a significant portion of their net worth.
Half of the hospital beds in the developing world are occupied by people with water-borne diseases.
Destiny is not a matter of chance. It is a matter of choice. It is not a thing to be waited for. It is a thing to be achieved.
Begin with the end in mind.
Book: The Seven Habits
Think about where you want to get to and work backwards to where you are now.
Be transparent with your donations.
Put your best foot forward.
Find like-minded people.
You want to find people that want to run through walls for you.
You want to make people feel like it is everyone’s business.
The product has to have a good value proposition.
Outsource as much as you can. Keep your costs variable.
If you’re doing it all yourself it is really not scalable.
Learn on someone else’s nickel.
Find a partner or mentor that balances you.
The rule of twos: everything takes twice as long and costs twice as much money.
The last thing you want to do is run out of money when success is right around the corner.
V.C.s are going to be very apprehensive about political risks.
Most people quit too early (as a generalization).