“Advice to Aspiring Social Entrepreneurs” – Jodie Wu of Global Cycle Solutions
“How do I know if a business is the right way to make the difference to the area I want to explore?
I’d say let it grow organically. Start it on the side, and then when it starts taking off, then you turn it into a business. I started Global Cycle Solutions with intentions of going back to grad school after 6 months, but then an investor came in, and I was like, I’m not doing this halfway…I’m all in! I bet you’ll hit a transition point like this when the time is right.
How do you pull yourself out of a conventional job—which is secure and paying the bills—and find the courage to strike out on your own?
It’s actually the most adventurous thing you’ll ever do. I think what makes it terrifying is the fear of making mistakes. There’s no mistakes, just mountains of things to learn! Just follow your heart and your passion, and I think you’ll find happiness.
What are some common mistakes future entrepreneur’s should seek to avoid?
Assuming that they know everything, and their model is the only one that works. Go in and learn first. Then figure things out.
What is the best way to determine if one should run as profit or nonprofit?
For-profit vs. nonprofit is just a tax status. I think if you’re in education, stick to nonprofit and find revenue-generating models…” READ MORE
Source: www.echoinggreen.org
