The Next Generation of Entrepreneurship

Tempus Social Entrepreneurship conference
It is always a treat to be able to speak at a conference when asked. I recently presented on a panel at the Tempus Social Entrepreneurship conference. At the heart of this conference are altruistic young entrepreneurs who are invested in social and environmental causes. It’s always been my personal goal for AboutOne to have a social mission. I was honored to provide insights into the impact that a socially-driven and responsibly-minded business can have. Being around such a like-minded and focused conference meant there was a great deal I could learn as well!

My panel was there to help speak to financial issues and finding funding. I was joined by Nimesh Shah, a seasoned entrepreneur who served on the Oracle M&A team for over 15 years and Saundra Gibson director of private banking for Credit Suisse. Nimesh and Saundra had really great insights and it was a successful panel I’d love to do again.

Melinda Emerson, whom I have watched multiple times, was an amazing keynote speaker at the conference. Melinda is known as @SmallBizLady and she has been a thriving entrepreneur for nearly 15 years.
Melinda Emerson

Four Takeaways from Tempus Social Entrepreneurship Conference

(1) Who or What is a Social Entrepreneur?
A Social Entrepreneur is someone who creates a business based on an idea for solving a social issue or who runs a business according to Triple-Bottom-Line (socially responsible) principles. The phrase “triple bottom line” was first coined in 1994 by John Elkington, the founder of a British consultancy called SustainAbility. His argument was that companies should be preparing three different (and quite separate) bottom lines. One is the traditional measure of corporate profit—the “bottom line” of the profit and loss account. The second is the bottom line of a company’s “people account”—a measure in some shape or form of how socially responsible an organization has been throughout its operations. The third is the bottom line of the company’s “planet” account—a measure of how environmentally responsible it has been.

Unlike most business entrepreneurs who model their businesses with the sole goal of making a profit, a social entrepreneur takes into account the impact the business can have on the world and society. Social entrepreneurs see a need in the world and try to meet that need in an innovative, profitable, and socially responsible way.

Source: The Economist

(2) Confidence is 90 percent of success – @SmallBizLady
Melinda talked about how wonderful her dad was when she was small. He told her every day that she could be successful and do anything she wanted. Her parents gave her confidence until she was ready to feel it herself. What a reminder for me, as a parent, to give this gift to my children.

(3) You need mentors – @SmallBizLady
Leverage your mentors, but take their advice. If you don’t you will burn your mentor’s trust.

(4) Bad things happen to everyone – @SmallBizLady
Melinda reminded the audience to be prepared for the worst to happen. When it does, remember every kick is a boost. She said you will get thrown lots of lemons as an entrepreneur and so you have to learn to make lemonade.

Tempus Social Entrepreneurship conference

Image Credits: Nancy Coe Photography via Mark Birdsall

Joanne Lang

One of Forbes Top 10 Female Entrepreneurs to Watch and the mom of four boys, AboutOne.com Founder and CEO Joanne Lang writes and speaks regularly on topics including entrepreneurship, fundraising, business development, networking, and leveraging technology to simplify life and prepare for the future. She is a former SAP cloud technology specialist.
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One of Forbes Top 10 Female Entrepreneurs to Watch and the mom of four boys, AboutOne.com Founder and CEO Joanne Lang writes and speaks regularly on topics including entrepreneurship, fundraising, business development, networking, and leveraging technology to simplify life and prepare for the future. She is a former SAP cloud technology specialist.

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