Social Entrepreneurship: When Purpose and Profit Clash

Social entrepreneurship blends purpose and profit for impact. Hosts Kimberly Daniel and Stephen Lewis on the DO GOOD X podcast dive into balancing purpose and profit. They explore social entrepreneurship challenges when goals clash with financial demands. Learn how faith-driven entrepreneurs achieve mission alignment with financial sustainability while upholding business values. Discover strategies to navigate entrepreneurial challenges, prioritize community wellbeing, and manage opportunity costs to sustain social impact.

WHAT YOU WILL LEARN IN THIS EPISODE:

✅ Strategies for balancing purpose and profit in your business.

✅ Overcoming social entrepreneurship challenges in tough times.

✅ Maintaining business values during financial struggles.

✅ Navigating opportunity cost to preserve mission alignment.

Join the DO GOOD X Community to access resources, connect with purpose-driven entrepreneurs, and grow your impactful business with intention.

TIMESTAMPS:  

00:00 The social entrepreneurship tension between purpose and profit goals

05:29 The DO GOOD X Mastermind retreat supports financial sustainability for under-resourced entrepreneurs

06:54 Examples of social entrepreneurship challenges, such as supply chain shifts and the need to cut social impact programs

10:12 Strategies for balancing purpose and profit, using customer feedback for mission alignment to navigate opportunity cost

15:57: Reflecting on decisions made during the pandemic and other ways to scale back, as well as how the DO GOOD X community can serve you

KEY TAKEAWAYS:  

💎 Navigate social entrepreneurship by balancing purpose and profit with creative solutions.

💎 Overcome entrepreneurial challenges to maintain mission alignment in tough times.

💎 Prioritize community wellbeing for lasting social impact in your business.

💎 Align business values with financial sustainability for purpose-driven business success.

ABOUT THE HOSTS:

Kimberly R. Daniel, co-founder of DO GOOD X, empowers faith-driven social entrepreneurs to create positive change through supportive programs. She helps purpose-driven organizations craft compelling brand and communication strategies. With over 15 years of experience, she builds authentic, community-centered brands and effective processes. As a certified life coach, she facilitates workshops and writes on innovation, entrepreneurship, and social impact. She co-authored A Way Out of No Way: An Approach to Christian Innovation (2021).

Stephen Lewis, president of FTE and co-founder of DO GOOD X, supports faith-driven social entrepreneurs through programs fostering positive change. He is an organizational change strategist and leadership development specialist inspiring purposeful leadership and entrepreneurship. Lewis co-authored "Another Way: Living and Leading Change on Purpose" (2020) and "A Way Out of No Way: An Approach to Christian Innovation" (2021).

RESOURCES MENTIONED: 

DO GOOD X Mastermind Community

DO GOOD X - Website

DO GOOD X - LinkedIn

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