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Types of Businesses to Start

Eva Longoria And Social Entrepreneurship

Social entrepreneurship is a way to bring ideas to the forefront and create more meaningful impacts.

Jill Schiefelbein

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Eva-Longoria

What do Eva Longoria, social entrepreneurship, and R10 million of funding have in common? The ability to significantly impact social enterprise and perhaps the world’s future.

Longoria was announced as one of three judges in “The Venture” – Chivas Regal’s search to find and support the most innovative start-ups from across the world.

Alongside judges Joe Huff (Founder of LSTN Sound Co.), Sonal Shah (founding Executive Director of the Beeck Center for Social Impact + Innovation) and Alexandre Ricard (Pernod Ricard Chairman and CEO), Longoria will be tasked with dividing a portion of Chivas’ R10 million fund amongst “The Venture” finalists – inspirational social entrepreneurs who aim to succeed in business while having a positive impact on the lives of others.

“There are so many companies that don’t understand social responsibility and giving back, so when I heard of Chivas The Venture I was intrigued because my life is focused on entrepreneurship and philanthrophy, so this is a personal interest of mine,” Longoria states.

Related: 10 Successful SA Women Entrepreneurs’ Top Advice On Balancing Work And Family

She sees her role on the panel of judges as one of mutual benefit, bringing her research and experiences in entrepreneurial and philanthropic ventures to the event while meeting other promising social entrepreneurs from around the world.

“Using business as a force for good is not only a passion of mine but, really, it’s the only way that we’re going to change the world.”

While your business may not have started out as a social enterprise, that doesn’t mean you can’t add in some elements of social entrepreneurship.

Want your business to be more socially conscious? Here are four steps you can take to make social responsibility a priority in your business.

1. Start from within

Examine your processes, the inputs, and the outputs. Are you sourcing from fair labor areas? Do you use sustainable products? Can you create a point-of-purchase opportunity where a percentage goes to a cause that is authentic to your program and brand? A great example of this is Tom’s. You buy a pair of shoes, and a pair of shoes is provided for a child in need.

“Tom’s is a great example of a business build with social responsibility in mind from the onset,” Longoria states, “To create a full-circle social business plan, social consciousness needs to be in the DNA of your company.”

2. Think local, impact global

Although your business may physically exist in and you may serve a local community, your impacts can go far beyond. A product, process, system or service you create can perhaps solve an issue in another community.

One of the most exciting aspects of being asked to judge, states Longoria, is the ability to see how a product created with one community in mind can impact so many other areas.

3. Insert social elements into your process

CrashDetech-app

Finalist Jaco Gerrits of CrashDetech from South Africa shares, “I’ve always loved the idea that entrepreneurship and business can be used as a force for good. As an entrepreneur I’m continuously on the lookout for how to solve problems in new and unique ways. There are few things as rewarding as the ability to positively contribute to the lives of others, whilst doing what you love.”

Vote for Jaco here.

Look at your processes and see where you could shift responsibilities or open opportunities. Longoria shared the example of a lingerie company in Venezuela that outsources the finishing touches on pieces, such as beading and embroidery, to women in impoverished areas.

This creates jobs – a sign of a functioning economy – and provides opportunities for others through paying a fair wage and bettering the surrounding communities in which the company operates.

4. Know your purpose, your why

“I get what you make, but why are you making it? And who are you making it for? Those are simple but big questions,” Longoria says.

Citing Simon Sinek’s TED talk “Start with Why”, she adds “Like Sinek mentions, it’s not just what you make, or how you make it, but why you make it that matters. The why is your purpose and is a huge driver of social entrepreneurship and social consciousness.”

Watch the talk below:

This why often involves an outside-in approach

Finalist Oscar Andres Mendez Gerardino, Columbia, Conceptos Plasticos S.A.S. agrees. “To create a social enterprise you need to think about other people, understand their situation and understand that ‘what isn’t good for you, isn’t good for anyone’.”

Connecting the dots

Social entrepreneurship doesn’t happen in isolation. Bringing these challenges, processes and ideas to the forefront is how we create more meaningful and lasting impacts. Longoria is honoured to be a part of this space and be a champion social entrepreneurial ventures.

Related: Meet The 40 Richest Self-Made Entrepreneurs On Earth

“The great thing about this experience is that it’s really connecting the dots. It’s exciting to be a part of giving people the platform to share their ideas and in doing so the ideas being shared will help others think about and tackle a range of social issues. As a judge I’m really just one of the many dots that is being connected.”

If you want to see how 27 finalists from around the world present their ideas, receive feedback from judges, and pitch their plans for a piece of the R10 million in funding, follow the show at TheVenture.com where you can vote for your favourite social enterprise from now until June 13.

This article was originally posted here on Entrepreneur.com.

Jill Schiefelbein is a former professor, professional speaker and business communication expert. From analyzing documents obtained from military raids of terrorist camps to dissect jihadi communication strategies, building an online education office serving more than 60,000 students, to her own award-winning entrepreneurial ventures, Schiefelbein loves a strategic challenge. Her business, The Dynamic Communicator, creates and executes communication strategies that help companies solve problems, retain talent and produce revenue.

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Types of Businesses to Start

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