There’s a lot to say about the difference between purpose-driven and profit-driven entrepreneurship. Now, that the world is dealing with the mass trauma of the COVID-19 pandemic, the difference between the two models started to switch from the invisible to the visible. The crisis unveiled huge societal fragility, vulnerability, and inequality. Not to forget economic, environmental, and political fragility.
Further on, the pandemic made all these types of fragilities spread all over the world as fast as the virus no matter the growth pace of local economies. On the other hand, their impacts are as damaging as the virus itself. Thus, economists and thinkers started to reflect on the economic model. Now, more than a year into the pandemic, reports confirm the same old story, the rich get richer and the poor are getting poorer.
A report from Oxfam (The Inequality Virus) confirmed that it took nine months for the 1,000 richest people in the world to regain their pandemic losses. On the other hand, the world’s poorest will need over a decade to recover from the economic impacts of the pandemic.
The same report pointed out three other major findings.
First, women are the hardest hit.
Secondly, inequality claimed lives. Mortality rates way higher in poor regions and among marginalized racial and ethnic groups.
Third, fairer economies are crucial to a fast economic recovery.
According to experts, governments and decision-makers around the world have the chance to build healthier economies that promote equality and protect the planet. In the meantime social and especially youth-led entrepreneurship can help fix the situation and health the planet.
People of all ages have a role to play in achieving the 2030 Agenda and the 17 Sustainable Development Goals (SDGs). By getting into entrepreneurship they not only can find a path to improve their lives but also to help other people and communities to reach their potential. When it comes to entrepreneurship, everyone can be powerful enough to do great things.
Entrepreneurship does need a lifetime in schools, yet life-long learning is a key trait of successful founders.
Young and adult people who have the right motivation, don’t need someone to give them power. They rather need something to trigger the potential that resides within them. What they need are skills and an entrepreneurial mindset.
In order to have a new wave of entrepreneurs involved in economic and global healing, it’s necessary to provide them with learning content that showcases the importance of social entrepreneurship as a driver to a just and peaceful world.
Join the Entrepreneurship Campus, and get entrepreneurial training and skills for free as well as resources to learn more about sustainable development and Education for Sustainable Development (ESD).
If you feel motivated to make a change, you can be part of the Citizen Entrepreneurship Competition 2021 with an idea or project.
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