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THE EXECUTIVE SUMMARY [REALLY]

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Social entrepreneurs need to run the ongoing search for funding differently, but that doesn’t mean that the capital isn’t there

“Social ventures don’t have the same flexibility identity structure on leveraging capital the same way as regular startup ventures do.”

Genny Ghanimeh Founder and CEO, Pi Slice “Typically, a regular startup would turn to the following channels of capital: network investments, banking, equity debt, convertible debt, crowdfunding etc., with a relatively straightforward process for funding channels that are revenue options models. To access the previously mentioned capital streams, social ventures have to do several things including intensive market research to prove the need and execution capabilities. But funding roadblocks might arise, and for that social ventures look into the following three opGenny tions: leveraging partnerships, philanthropy Ghanimeh organizations, and the multitude of social Founder and CEO, cause competitions and funds. Regarding Pi Slice revenue sharing partnerships, it involves social entrepreneurs thinking innovatively and identifying partners who can bring economic value both parties. The partner may share intellectual value or property, which adds value to the venture in a completely unique way. The beauty of this avenue is that it is a win-win situation for both parties involved.”

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Do consider executive coaching for personal skillset enhancement, and the impact it could have on your emotional intelligence quotient together with its application to your management style

“Good leadership demands emotional strengths and behavioral characteristics, and being prepared to apply these to your business life. Emotional intelligence is essential for your personal growth in tandem with the growth of your enterprise.”

Martin Braddock Associate Director, Performance Development Services

“In todays’ rapidly-changing business environment, effective leadership requires attitudes and behaviors which characterize the leader and their ability to relate to people (or stakeholders if you want to use corporate terminology) at all levels. It’s not just the learning, it’s the application of that learning that really matters! I have been fortunate to work with some inspiring and ultimately very successful leaders and, yes, most of them have possessed a high level of self-awareness and understanding of how they prefer to work and behave at work. However, I have not yet worked with one who hasn’t been able to learn how to modify a behavior or two at times, to enable them to continue with their own successful careers. We are all able to learn new methods and skills to be more effective leaders, but the trick is applying these learnings and being prepared to step outside our own self-transcribed comfort zones. The principles and application of Emotional Intelligence that can assist in dealing more effectively in areas such as conflict management, relationship management, empathy and understanding of others and supporting organizations and individuals through periods of rapid change and development.” 54

Entrepreneur january 2016

Ramanathan Hariharan, CEO, Max

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Learn to leverage your position to court international attention and business as an entrepreneur operating in an emerging market

Ramanathan Hariharan

CEO, Max

“When you’re a startup, it means you have to engage with your suppliers, give them the vision of where you want to go, and how you can help them to start and grow along with you. One of the things that we used to always talk to our vendors about was that most of them were only servicing the European and U.S. markets- they never had had exposure in the Middle East. So we would introduce the Middle Eastern market, and tell them how emerging it is, how important it is for them to have an account here, to start off business with us.”

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Don’t underestimate or downplay the risk both you and your investors are taking when launching a new venture

Abed Bibi Co-founder, YouGotAGift.com Partner, HoneyBee Tech Ventures “Know the risk involved. An entrepreneur should be passionate, optimistic, and hopeful for the future, however, an entrepreneur should also be realistic. They should understand that there’s a major risk involved for both you and them.”

Entrepreneur Middle East January 2016 | The Collector's Edition  

The Executive Summary: In conversation with 107 opinion shapers of commerce, government and industry.