#2: The 5 Cs to Successfully Build a Social Change Business
/In this episode host Stephanie Malon-Rufi introduces listeners to her framework, "The 5 Cs to Successfully Build a Social Change Business." Stephanie explores the five essential elements for social entrepreneurs to consider:
Competition, where she redefines competition as a positive force and discusses two common mistakes entrepreneurs make that are best to avoid
Cha-Ching (Money), highlighting the importance of financial understanding, profit, pricing, funding options, and a healthy money mindset
Community, encompassing community support, network building, and selecting the right support and experts
Change, emphasizing how businesses can drive change through practices, advocacy, and industry disruption
Care, a reminder to integrate personal well-being and priorities into business planning
Stephanie offers insightful guidance on each of these pillars, setting the stage for future discussions on impactful entrepreneurship.