Saturday, February 5, 2011

Become a Philanthropreneur by Gidget Giardino

Philanthropreneur -
People creating positive changes in the world through a business venture that promises economic gain.

Imagine being part of something bigger than you, something that will change the world. 

Forget what you know about traditional business. This is a paradigm shift in thinking that requires you to have an open mind along with a willingness to learn something new.  Warren Buffet, Bill Gates, and many others including former president Bill Clinton, believe we must look to ourselves, and not the government, in order to fight against poverty and build a sustainable economic future. 

A new approach to solving social problems is needed. This new approach is Venture Philanthropy, also know as Philanthrocapitalism. 

Venture philanthropy is characterized by:
  • Willingness to experiment and "try new approaches".
  • Focus on measurable results: donors and grantees assess progress based on mutually determined benchmarks.
  • Readiness to shift funds between organizations and goals based on tracking those measurable results.
  • Giving financial, intellectual, and human capital.
  • Funding on a multi-year basis - typically a minimum of 3 years, on average 5-7 years.
  • Focus on capacity building, instead of programs or general operating expenses.
  • High involvement by donors with their grantees. For example, some donors will take positions on the boards of the non-profits they fund.
Source - Wikipedia

So, here is what we know; Our economy is in crisis, government is "trying" to come up with solutions, people from all walks of life are loosing their jobs, there aren't enough jobs to go around, there is a lack of options for the average person to get out of debt.

Here is what you can do to take control of your personal situation, while doing some real good in the world: Become a Philanthropreneur.
It is more simple than it sounds. 

In my next few blog posts I will be laying out the specifics of what to do and how it works. 

Imagine being part of something bigger than you, something that will change the world.

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