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February 14, 2012 |
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News on The Edge “When I reflect on the past decade, I often joke that our current board of directors would have never approved the plans we used to actually launch our organization,” writes Jeremy Hockenstein, co-founder and CEO of Digital Divide Data. He now realizes that he has taken countless missteps, which he shares with us today in the hope that we will fix our own organizations. “Acknowledging what we are doing wrong is the first step towards improvement,” he adds. All social entrepreneurs like to dream big, he reminds us, but they must also remain realistic in their ambitions. After opening their first offices in Cambodia and Laos, it took Digital Divide Data seven years to launch their next one, in Kenya. He also recommends focusing on a particular subset of people whose life you can really transform, because you can’t possibly help everyone who needs it. But you should also challenge your assumptions, as Daniel Vaverka reminds us in Talking Trash: should Waste Ventures hire stronger males for waste collection rather than female rag pickers? Hiring ahead of the curve is also crucial. Interns and volunteers may be able to help you get your venture off the ground, but you will quickly need experienced staff to grow. Hire the best talent before you think you need it. If you could go back in time in your social venture, what would you do differently? What’s the “best” mistake your organization made, the one that you learned the most from? Join Jeremy Hockenstein in the conversation. And share your mistakes and your victories! Then read Untangled, who reminds us that “if you fail nine out of ten times, you are successful once. So stick with it. With every failure, your odds of succeeding increase exponentially.” Join this Week's Live Discussions
Intergenerational Collaboration 3-D Investing: The Answer to Dysfunctional Capital Markets? Social Enterprise: The New Center? The Breakout Moment Social Entrepreneurship in China The Power of Mentoring in Social Entrepreneurship Legal Issues for the Social Entrepreneur Last-Mile Distribution Models Do you have suggestions for Social Edge or for this newsletter? Send us feedback. You can remove yourself from this list at any time. Victor d’Allant |
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