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Business for Social Change Mini-Conference Wrap-up

Business for Social Change Mini-Conference Wrap-up

By: Sarah Owermohle

Maybe you’ve seen the fliers. “Lebanon is an excellent place to start a business…and improve our crappy education system!” or another stating “…and stop the f%$*ing power outages!”

AltCity hosted a one-day “Business for Social Change Mini-Conference” to tackle these questions and more. Participants debated topics such as innovative entrepreneurship, creative design, and the key to successful ventures, amongst many others.

The conference kicked off with AltCity co-founder Munir Nabti asking the crowd, “What is entrepreneurship?”

The group of about 50 chimed in with various characteristics of an entrepreneur, including problem solving, creating business solutions, being persistent, taking risks, possessing creativity, innovation, and more.

But what about social entrepreneurship, or social ventures? Nabti presented the idea of a business with an impact beyond the bottom-line profit. With a truly integrated social venture, he said, “if you’re able to make more money, you’re able to make more impact.”

Since legal classification is often a point of confusion when explaining “social entrepreneurship”, Nabti discussed a new venture’s decision to register as a non-governmental organization (NGO) or a company, and the various benefits of each. “In many countries in the Middle East, even if you want to start a nonprofit just to make an impact, even if you purely want to be a non-profit, it’s much easier to register as a company; sometimes that’s the only option,” Nabti said. On the flip side, some massive global non-profit organizations operate pretty much like multinational companies, with huge budgets and high-paying salaries.

Regardless, he pointed out, people can apply entrepreneurial principles to an NGO, such as seeking efficiency, and constantly innovating to provide better services to clients. “You can choose to be a profit-maximizing social venture, or you can be an impact-maximizing venture,” Nabti said.

 Click to see the Mini-Conference overview..

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The conference wrapped up with a presentation by a representative of Mowgli, a not-for-profit organization that pairs mentors with aspiring entrepreneurs to help develop new and sustainable businesses. To illustrate the effectiveness of a mentor relationship, the representative paired up everyone in the room in an impromptu conversation about what makes them happy at work and outside of it. The day ended with animated discussion of ideas and ventures between various conference attendees.

The conference at AltCity was part of the nation-wide Global Entrepreneurship Week, which is hosting workshops and events around the country through Saturday, November 26th. [can include link to events schedule here http://gewlebanon.org/page/calendar].

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