Cecilia Chapiro Corporate Leaders Using Technology to Accelerate Youth Entrepreneurship in Times of COVID

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The Role of Meaningful Work and Social Impact in Business

Finding a fulfilling and meaningful job is a goal many professionals aspire to. A study from the Harvard Business Review reveals that nine out of ten people are willing to earn less to do work that adds meaning to their lives. Moreover, according to a study by happiness expert, Sean Acre, 80% of women would prefer having a boss who cares about them finding meaningful work rather than receiving a 20% pay increase. But how can they make their job more impactful? I'm Cecilia, and I work at the intersection of business and social impact by accelerating social entrepreneurial endeavors. This article will shed some light on this rising trend.

The Rising Trend of Social Entrepreneurs

There's no shortage of social issues worldwide, ranging from undernourishment to racial justice and global warming. The increasing number of social entrepreneurs looking for business solutions to these problems is inspiring. However, the lack of experience and business acumen can hinder them from developing practical and sustainable business solutions. While creating any startup is challenging, building a social business is even more complex, since it involves solving a social problem while remaining financially sustainable.

Corporate Experience and The Quest for Meaning

Corporations are the main places where business skills are nurtured, developed, and encouraged. Also, they are platforms where people seek to make their jobs more meaningful. It is in this context that connecting corporate professionals seeking more meaning with social entrepreneurs lacking in expertise can lead to significant change. A practical example of this is Lizzie, the founder of Phoebe, a social business platform in Kenya helping local artisans sell their jewelry online. Despite the business's success, Lizzie was struggling with sustainability, but within six months of being mentored by two corporate professionals, she increased her revenue by 8% and the artisan's income by 142%.

How to Make a Positive Impact Without Changing Careers

  1. Explore: Begin by understanding what causes inspire you. Also, assess the time you can dedicate and identify your expertise that can benefit others.
  2. Connect: Get in touch with local or global communities working towards the cause you're interested in. Reach out through your HR or CSR if they have any tie-ups.
  3. Try Mentoring: Business skills are useful across sectors. By spending a little time each month, you can significantly impact someone's life.
  4. Grow: Share your experiences and opportunities you come across. This increases connectivity and makes a bigger impact possible.

In this increasingly interconnected world, several organizations offer amazing mentorship programs. For example, Citi Group, which encourages its employees to mentor young social entrepreneurs. And in our current COVID-19 situation, many entrepreneurs are working from home, making it an excellent opportunity to connect and make an impact. Remember, you don't need to change your career or quit your job to make a positive difference. You just need to take the first leap towards exploration.


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