Tagged with entrepreneurship

Envy = Unhappiness or: The Importance of Generosity of Spirit among Social Innovators

We intuitively understand that we live in a society today where, more than ever before, everyone has the opportunity to be an innovator and a changemaker thanks to the marvels of technology and the interconnectedness it has brought us. That’s beautiful indeed. But this has come at a price, I would argue. Not all is well that seems well on the surface.

Consider that in the same world, in a given community, for every single person that takes the initiative to write a book, start a company, or build anything else of meaning and value, there are hundreds if not thousands of others who stand by, observe, nod in public approval… and then, upon returning home, lay privately tormented and desperate.

Tormented by what?

Before we get there, consider this scenario: one day, any day, you read the news and blogs of whatever domain you happen to be a passionate follower of and you find the headlines about someone’s amazing invention, discovery, accomplishment or celebrated success. On top of this, imagine that this person is just around your age, even from the same country, had the same major in college and worked in the same industry.

What is your very first reaction? Are you:

A) Excited about the invention?

B) Happy that things are going well with the world, after all?

C) Hoping you could meet this person one day?

Likely, my guess is you would circle D) None of the Above. What else then? No matter how accomplished, rich, successful and pedigreed you are, it is likely possible that you experience to some degree a feeling that we commonly refer to as “envy”. This, if not admitted honestly, can then lead to further feelings of frustration, inadequacy, and even anger. The complete package, in the worst case, results in torment and despair.

Today, I would like to think about why this is, what’s at stake for changing this, and why the key to this may be the little discussed but essential notion of “generosity of spirit”.

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Good Profile – Zack Matere (Leo pamoja)

Good Profiles feature members of our Good Generation who are either out there in the field doing interesting work or still in the trenches of schools and institutions waiting to make their mark on the world. Have your own story to tell? Know someone who would be great to be profiled? Please sign-up or leave a note here!

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What do you do for a living nowadays?

I would describe myself as an evangelist for my innovation of village noticeboards as an alternative/addition to the internet (*Editor’s Note: Official website still under construction) for rural communities in the developing world. I have run a mini supermarket and am currently a small scale farmer.

Is “doing good” a key reason why you chose this job? 

I developed the leo pamoja (“together today”) communicating villages because of the frustration of knowing that there was valuable knowledge in the air that the community in my village could not access. Doing good to me is providing a place for people who have been unable to access knowledge and connect with each to finally be able to do that. Access to information is life-transforming in a rural village. Hence, with my innovation I hope to bring change in the community and that’s exciting.

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The Quest for Originality or: “Help! Everything Has Already Been Done!”

As easy to find as a needle in a haystack!As someone who did not grow up with a habit of inventing things, I wonder sometimes what it must be like to have that type of mind. It is less creativity that I’m referring to as much as the notion of originality. More precisely: how to cope and avoid going nuts when you cannot really come up with anything truly original!

Remember the time I was thinking about why we don’t consider more seriously the idea of social “replicaneurship” instead of the traditional “entrepreneurship”, in order to take some of that “wheel reinvention” habit out that we tend to see nowadays? At the time I wondered if sometimes we would be doing good enough if we could simply take well-conceived social change models that some brilliant person elsewhere had already come up with, say, microcredit, and simply replicate this idea in our own neighborhoods. Instead, what we tend to see is many people starting up their own social enterprise without much research about what has already been done, i.e., with little regard to existing best practices. Sometimes this wastes time, money, or both, or worse: it can create widespread confusion among the landscape of funders, beneficiaries and practitioners.

In that sense, the problem was that people sometimes overestimate the importance of originality to create breakthroughs and/or attain fame.

Today, I am pondering what we should do when we actually DO seek originality… but can’t find it because thanks to the Internet, you can find your awesome idea already done just about fourteen times over – five years ago, that is – maybe even by a guy or girl living in the town next to you!

Oh, the angst, the frustration!

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Competition vs. Collaboration in Social Entrepreneurship – Can’t We All Be Friends?

In a recent article I read, the author, Yotam Ariel, tries to offer a social entrepreneur working in solar lamp distribution an opportunity to cut his costs by half by arranging for bulk-buying with other solar entrepreneurs to reduce the unit cost for each manufacturer. The entrepreneur refuses, citing that he would rather not help his competitors to “free-ride” off of his (bigger) purchasing power.

Hence, the author wonders why it is that people with similar social missions are still hesitating or outright refusing to share resources. What fears or concerns motivates them to do so? What speaks in favor or against collaborating with other social entrepreneurs? How much competition do we need among social businesses?

Good questions in my book! I wonder what you think after indulging my thoughts for a moment…

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Good Archives #1 – Law vs. Justice, Respecting the Poor, Sustainable Entrepreneurship, Do Good Career Choices

If it’s true that the blogosphere is really skin-deep and that we tend to stay only on the first page of any blog, then perhaps there is some value in the ancient respected work of excavation and restoration.

To that end, I thought it might be useful to periodically dig up some previous posts and put them on a little list. Since most of the themes and questions on GG tend to be not time-dependent anyway, no dusting required! Also, some recently joined folks may find interest in them but would never in a million years bother to click through the history of this blog.

Topics in Archive #1:

  • Justice – Law vs. Justice in the Occupy Wall Street Movement
  • Poverty – Pity vs. Compassion when thinking about “The Poor”
  • Sustainability – The Right to Entrepreneurship vs. Sustainability
  • Careers – An Approach for Choosing a Do-Good Job
  • Reflections – Defining our Personal Boundaries for “Doing Good”

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On Justice

Law does not mean Justice (d’oh!) – Occupy Wall Street’s Core Challenge

  • What is the viability of the Occupy Wall Street Movement? In today’s society, is it possible to ask for justice (right or wrong) in a system where legality (rules and laws) is the official decision-making factor of a country’s rulers?

On Poverty

Respecting the Poor – What You Should and Should Not Expect from “Doing Good” Unto Others

  • How should we think about “The Poor”? What is the importance of periodically re-humanizing those we call “poor” people and what is the critical difference between “pity” and “compassion”? What’s at stake if we keep referring to those we seek to help as “the poor” without thinking about what that actually means to them (and what it would mean to us if we were in their shoes)?

On Sustainability

The Dilemma of Sustainability – Should Entrepreneurship be our Natural Right?

  • If we are serious about sustainability, should we start managing or impose stricter standards on the way every day in the world new companies get started that just add to the burden of resource depletion and emissions? Should the right to economic self-actualization overrule the need for environmental stewardship? How should we manage this unbridled activity especially in developing markets where people tend to be less educated or interested in sustainability?

On Careers

4 Steps to Choosing a “Good Career” (Part 1) – Scaling of Impact

  • How should we think about choosing careers in the so-called “do-good” jobs of social entrepreneurship, NGOs, philanthropy, impact investing, etc.? How can we make the decision as individually relevant as possible to our own desires and varying needs for ambitious results? Should we care more about how much impact we are having or how we feel about what we do?

On Reflections

Weekly Ponder #1 – Defining our Do-Good Boundaries: Will my Effort ever be Enough?

  • How can we define how much we should get engaged in the business of doing good or changing the world? Should we volunteer, work part time, work full time for our cause? How much of our effort is “enough” to achieve those goals? How much is “enough” for our personal satisfaction? What does this depend on?
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Weekly Ponder #7 – The Nature of Ambition: How Serious Should We Take Ourselves?

Weekly Ponder #7

The Nature of Ambition: How Serious Should We Take Ourselves?

Last week, we concluded some thoughts on the nature of ego and the way it affects different individuals’ approach to social entrepreneurship. While we tend to speak of ego usually negatively, I pointed out that at best, it serves as a basic motivating force for us to spring to action – even if some may not like the inherent “selfish” motivation.

Today, my thoughts have been circling around this idea of motivation and its big brother – ambition. Specifically, I have been wondering about how we can reconcile the notion of ambition, which deals by definition with the future, with the notion of being at peace and content with the present. Think about all the Buddhist teachings that encourage us to reject attachment, desire and expectations, in order to diminish or avoid suffering.

I suspect that there is a good number of people in the do-good and social entrepreneurship space today that would identify with Buddhist teachings (or perhaps, not?). If so, would it be ignorant of me to think that if you are a social entrepreneur or consider yourself active in this “social” sector, you probably have a considerable amount of ambition?

And if that is the case, do you have some advice for the Good Generation on how to balance forward-looking “ambition” with present-focused Buddhism? Can you have both? Answering this question may be a non-trivial component of the quest for happiness for many folks out there in the field, fighting the good battle.

What’s further at stake seems to be this: at a time when we keep saying that we need more and more people to engage, to strive, to change the world, we are implicitly saying that we need more people to follow the call of their ambition to make their dreams a reality. Where, then, does this leave us?

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Good & Gasp #2 – Social Impact Bonds, Enviro-investing, Prediction Markets

Good & Gasp #2

Social Impact Bonds, Enviro-investing, Microfinance Failures

Themes that caught my attention, interest or made my eyes roll while roaming the web world of doing good:

  • Social Impact Bonds – what’s the next step in this innovative financial instrument for social enterprises?
  • Environmental Impact Investing – how is environmental entrepreneurship different from “social” for the sake of impact investing?
  • Microfinance Failures – what can we learn from ex-SKS Microfinance’s CEO Vikram Akula’s admission of failure?
  • Social Value vs. Social Change – is it better to talk of social “change” or “value” and what is the important difference?
  • Sustainability by 2050 – 81% of companies apparently claim they already incorporated sustainability in their organizations… are we screwed, then?
  • Prediction Markets for Randomized Control Trials – how can we use prediction markets to help make better decisions on randomized control trials?

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Me, Myself and I – The Role of Ego in Social Entrepreneurship (Part 2)

Key Questions in this Post:

  • How does ego act as a driving force behind some of today’s social entrepreneurs?
  • What are the contributing and inhibiting effects of ego on progress in social innovation?

Last time, I got interested in thinking about the role of ego in social entrepreneurship based on a tangentially related idea in Weekly Ponder #5, where I wondered why so many (social) changemakers tended to prefer to reinvent the wheel on social business models instead of more actively replicating successful other ones. One interesting thought was how much ego had to do with this tendency instead of other reasons. At the time, it felt useful to think a little bit more about this. But in order to do so, we had to spend some time pondering the nature of ego itself before we could make sense of it in the context of social entrepreneurship.

In Part 1 of this series, we talked about some basic definitions we wanted to use to discuss the pros and cons of having a strong ego, mostly from the broad perspective of how a healthy or unhealthy ego can contribute or take away from our general happiness. We also started to talk about why the discussion of ego might be timely. I believe it’s not just timely but necessary to understand that in the domain of social innovation and entrepreneurship, there exist some deep-seated cultural and attitudinal differences between people who came into the space from the charity/NGO space and those who came from the “business” world. For all the talk and excitement about what can be achieved when the two come together, we woefully neglect to talk about all the interesting differences we encounter between these well-meaning people – and from which we can arguably learn a lot.

And one of these differences, finally, is in my contention that while some (smaller) group of people are driven by a “purer” sense of altruism, many more are likely driven to an important degree by ego to engage in activities that are supposed to have the same outcome – the service to others. What happens when you look at two ways of motivation for the same good cause? How does this play out in various settings?

This I would like to at least touch on in this Part 2.

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Good Profile – Kalsoom Lakhani (Invest2Innovate)

Good Profiles feature members of our Good Generation who are either out there in the field doing interesting work or still in the trenches of schools and institutions waiting to make their mark on the world. Have your own story to tell? Know someone who would be great to be profiled? Please sign-up or leave a note here!

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What do you do for a living nowadays?

I am the Founder & CEO of Invest2Innovate, or i2i, a for-profit intermediary that builds early-stage social enterprises and access to capital in untapped markets. We launched our pilot in Pakistan in Fall 2011, and are working with four social enterprises in the country, building a number of local partnerships, as well as developing relationships with potential angel investors and funders amid the Pakistani Diaspora – fostering the broader entrepreneurial ecosystem in the country.

Is “doing good” a key reason why you chose this job?

Yes, absolutely, i2i was launched to provide services to existing social enterprises, improve access to capital to jump-start their businesses, and support the growth of entrepreneurs in these markets. In countries like Pakistan, where 66% of the population live under $2 a day, job creation, income generation, and quality services for low-income communities can make a significant impact. However, the ecosystem is relatively underdeveloped, and the enabling environment leaves much to be desired. The value chain for entrepreneurship is, in short, fractured. While there is capital & funding for later-stage enterprises, there is a need for resources & capital for early-stage entrepreneurs to help these businesses grow. I founded i2i because I believe we can play a role in helping entrepreneurs achieve this potential and help build the broader entrepreneurial environment in these markets.

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Weekly Ponder #6 – Money Talks: Should Doing Good have more Impact on Your Wallets?

Weekly Ponder #6

Money Talks: Should Doing Good have more Impact on Your Wallets?

Raise your hands if you have heard the following phrase: “Doing Good While Doing Well.” Now raise your hands if you did not know that this refers to companies and investors. Yes, the money goes to them. Not to you. That is, not to most of you, who are likely neither a company nor have the money to play impact investor. If you care about such things as “doing well” (ah heck, let’s call it what it is: money), my ponder of the week may resonate.

Personally, and frankly, I cannot imagine why we would care about how much “good profits” those responsible/sustainable corporations make or why we would care that the (already wealthy) impact investors get a little extra cash in the bank, without first talking about making “good living” ourselves. Perhaps that explains my aversion to a phrase which smells like good PR but lacks personal significance that I can relate to by any measure.

A further thought. To review a perennial bone that I love to unearth occasionally (see previous post where I mentioned the issue of compensation), I continually try to tell myself that the following is not true: that the vast majority of “do-good” jobs that DIRECTLY affect the (social/environmental) bottom line, e.g., working for social enterprises and NGOs, do not seem to pay so well. We’re not even comparing to traditional for-profit jobs here. We just have to compare that to those do-good jobs that exist more to ENABLE other change-makers, e.g., foundations, institutions like World Bank, ADB, and consultancies. If you didn’t know, allow me to suggest this carefully: the latter make (a lot) more money than the former! Today’s question is not why there is a difference and whether that is appropriate or fair, or exactly what levels of positions we are talking about here (although both may be addressed by a future post). Today’s question may be simply about why do-good pay is (relatively) low and unattractive period – and whether this is okay.

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