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Why Do Social Enterprises Fail? New Research Reveals Three Reasons (And Some Surprises)
In a recent study by the Failure Institute – the research arm of F*ckUp Nights, a global movement that aims to break the stigma around business failure – social entrepreneurs in Mexico gave three primary reasons why their businesses failed: a lack of resources and infrastructure; insufficient public policy support; and a dysfunctional board of directors. F*ckUp Nights' director discusses these and other findings.
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- Entrepreneurship
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Most Influential Post Nominee: Calling All Failures: Failing is a big part of social entrepreneurship. F*ckUp Nights wants you to talk about it
Though most new companies shut down, entrepreneurs rarely talk about their failures. This is counterproductive, especially in challenging sectors like social enterprise. That’s why F*ckUp Nights is building a movement to discuss and research business failure. This exclusive series with NextBillion will feature some of their top failure stories from would-be social entrepreneurs. And if your social business has failed, you’re welcome to add your story.
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- Education, Entrepreneurship
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Needed: A ‘Facebook’ for Impact Investing: Why the sector needs to embrace failure – and also produce some inspiring successes
Impact investing has had some notable success stories, but no true breakout companies that – like Facebook – can inspire public attention and draw more entrepreneurs and investors to the sector. That's a problem, says Vox Capital director Daniel Izzo – as is the fear of failure, both financial and social, among investors. He discusses these challenges, and some possible solutions, in this video Q&A.
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- Entrepreneurship, Financial Inclusion, Impact Assessment, Investing
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Six Years, Many Lessons: Scaling Impact from the Ashoka Globalizer Program
Why don’t great ideas that are useful and working effectively to solve some of the most pressing social challenges “travel” as well as business ideas do? An organization doesn’t have more impact the bigger it becomes, in fact, it’s quite the opposite … and this became our mantra and our working hypothesis at the Ashoka Globalizer Program.
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- Entrepreneurship
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Avoiding Death by a Thousand Cuts: How a young social enterprise weathered a series of microfailures
David Santillán Giles thought everything was on track with his young social enterprise. But he soon found himself dealing with a string of unforced errors that would put his company in jeopardy. He discusses these mistakes and what he learned from them in the latest post in our series on failure in social enterprise.
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- Entrepreneurship
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Who Moved My Cheese?: A social enterprise discovers that the dairy business is harder than it looks
In a poor region of Bolivia, goat milk producers often drink their own product, for lack of a market. Pro-Milk was launched to help them make and sell cheese instead. But the company was soon undermined by challenges in its business model and region. Fundación IES, a development institution that supported Pro-Milk, tells the story in the latest post in our business failure series.
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- Agriculture, Entrepreneurship
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Too Many Cooks: How lack of effective leadership almost killed my social enterprise
Fernando Noroña co-founded Deltarec to advance Mexico’s plastic recycling efforts. The company was initially run by two funders and four entrepreneurs, with decisions made by a 10-strong management board dominated by its funding partners. But this leadership structure soon became a prime factor in the company’s struggles, as Noroña describes in the latest post in our series on social enterprise failure.
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- Entrepreneurship, Health Care
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Premature Innovation: What happens when a social entrepreneur has a great business idea in a market that isn’t ready for it?
Mauricio Monjaras Cabañas founded GRIMA Biodiesel at the age of 21, a social enterprise that aimed to produce renewable fuel from castor beans. The fuel was touted as cheaper than diesel, better for the environment, and a boon to local farmers. But when he tried to launch his business, complications quickly set in. He discusses his struggles in this post, the latest in our series on social enterprise failures.
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- Agriculture, Energy, Entrepreneurship, Environment
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