SORIANO, Maria Ysabel N.

GENTREP
BSRT 1A
Most of our ideas if we talk about entrepreneurship comes down to the purpose of
profit. The risk that comes with every needed capital, the wealth that could follow for the
perseverance, determination and time invested by the entrepreneur. With this, comes the
thin line between a business and entrepreneurship. Entrepreneurship’s main purpose is
to give solutions to the problems of the society or to the target population, the profit is just
a tool in order to create and innovate certain products that the situation calls for. A
Business’ main goal is the profit for the businessman. Its focus is the amount of sales that
must be higher than the money invested. Though the two words have similarities when it
comes to the attributes of a businessman and an entrepreneur, they do both have goals
and profit is also involved in their area. Only that, entrepreneurs must be more creative
for them to produce items, give services that could solve the population’s problems, thus
their needs provided. In a globally-changing world, one must develop the characteristics
and skills of an entrepreneur- dynamic, resilient and innovative.
According to Investopedia, a social enterprise is a commercial organization that
has specific social objectives that serve its primary purpose. Social enterprises seek to
maximize profits while maximizing benefits to society and the environment. Their profits
are principally used to fund social programs. A social enterprise is a commercial
organization that has specific social objectives that serve its primary purpose. It was
mentioned in ocialenterprise.org.uk that by selling goods and services in the open
market, social enterprises create employment and reinvest their profits back into their
business or the local community. This allows them to tackle social problems, improve
people’s life chances, provide training and employment opportunities for those furthest
from the market, support communities and help the environment.
As a consumer, we must be wise and try our best to get the best product there is
in the market. We tend to compare items in terms of their quality and other standards. It
is good to know that there are enterprises that use their profits to make a difference in
people’s lives by donating what they have earned to organizations that helps those in
need. They are competitive in their sales to come up with a huge amount of money that
would eventually render services to those in need of assistance. Social enterprises are
concern to the issues of the environment, thus creating and making businesses grow and
produce money for those organizations helping people on different countries whether on
their basic necessities, the environment, scholars, the opposed and so much more.