Impact entrepreneurs and impact investors are interconnected and mutually dependent: Early-stage companies need investment to fund their development and growth, and impact investors need good deals to fund.
How can you align your intentions with actions? This was one of the key questions that the Put Your Money Where Your Mouth (and Meaning) Is Community (PYMWYMIC) discussed at their annual Impact Days from 7-9th April in Amsterdam.
In growing economies like Vietnam's, we are seeing innovations in business--through both national and foreign investments. But the government, almost 40 years after the US left, is also empowering social enterprises with its reforms.
A new corporate structure, the social enterprise, was born. This entity, which can be structured either as a for-profit or non-profit, considers the impact of its decisions on communities, the environment and employee welfare.
Gasping for air and tripping over my feet while chasing Nepali men up and down a field was not exactly what I anticipated when I set out on my trip to Nepal. But it did end up teaching me a lot about entrepreneurship.
For investors, it is an old adage whether to bet on the jockey or the horse. With so many variables untested and the development at such an early stage, a seedling venture often only has its founder's vision, team and world changing product to convince an investor's judgment.
The cold and falling snow outside made sure that we all walked briskly to and from the Congress Centre determined to keep our bodies and brains warm with all that great and passionate sharing and exchange of ideas. Nice!
In essence, when you give to others, you are really helping yourself, and often in ways you cannot imagine. This is a lesson all entrepreneurs should take to heart. Even if you are at the beginning of your business career, you should think about ways to give back to your community.