Posted on: January 19, 2022
WI 866 | Social Entrepreneurship

 

In this new mini-series, learn to combine profits with your purpose, your business, and your life and impact the world with full force. If you’re aiming to become a social entrepreneur then this episode might be your calling! Join Chris Arnold as he deep dives into the depths of how one can use profits and resources to mitigate solutions and bring your business to the next level. He then goes over the selfless and selfish acts that you need to take into consideration when you are building up your career.

Get ready to change the world and find value to your success in today’s session. Hurry! Click that button, listen, and start your day right.

How Entrepreneurs Will Change The World – Part 1

You use the profits and resources from your business to solve the problems that exist in the world. The big question that I have to throw out and what I want to talk you through step by step is why should you consider being a social entrepreneur over being a traditional entrepreneur.

I want to begin with a quote from the late cultural anthropologist, Margaret Mead. She was also an author as well as a speaker. She said this and I want you to chew on it, “Never depend on governments of institutions to solve any major problem. All social change comes from the passion of individuals.” I want to welcome you to my new mini-series, How Entrepreneurs Will Change the World. I want to remind you at Wholesaling Inc, we believe that real estate is a vehicle for you to impact the world and that once you learn how to combine your profits with your purpose, business and life will never be the same.

On my show, we will now start exploring this idea directly while other episodes provide you with both inspiration and practical instruction around specific real estate concepts to help you execute those concepts. This show is about helping you better understand your why and how to elevate everything that you do. The main idea that I want to flesh out with you is that the world is desperately in need of more social entrepreneurs. It’s quite possible as you read this episode, your calling might be to be one.

Let me start with defining, you might have heard the word social entrepreneurship before. It might be a word that you have not heard but I want to define it. Social entrepreneurship is an approach where entrepreneurs use their business as a way to develop, fund, and implement solutions to social, cultural, and environmental needs. Fundamentally, this is what I’m saying. You use the profits and resources from your business to solve the problems that exist in the world.

The big question that I have to throw out and what I want to talk you through step by step is, “Why should you consider being a social entrepreneur over being a traditional entrepreneur?” I’m going to lay out four reasons for you that have driven myself to be a social entrepreneur. Four reasons I believe that you should consider that might move you in that transition of looking at entrepreneurial endeavors. You are doing your business in a different way than you might have looked at it before.

The four reasons, I’m going to give you two are going to be selfless and the other two I’m going to give you is selfish. They are primarily for your game and what you are going to get from them. Let’s begin to break these down. The first one is this. The world needs more people to solve problems. As I mentioned at the top of the episode, the government alone cannot solve all the world’s problems.

There are way too many problems that exist in the world. If we have a mindset in which we step back and say, “Other people, government entities, nonprofits, etc. We are going to let them handle all the problems that exist in the world.” I’m sorry but there’s not enough manpower within government with impro nonprofits to solve all the problems that exist.

What I’m going to tell you is that the need is high for problems that exist all over the world, whether that be in the US, whether that be in foreign countries, and again, these are problems that exist, not just with people but as I said before, this can deal with cultural challenges. This can deal with environmental needs. There are so many things that need to be solved and for us, as a world to get ahead and begin to solve these problems, there’s a whole group of people that are needed to step in and have the ability to come in, pick up some of these problems, and solve them themselves. I do believe that entrepreneurs have a unique position of freedom to be able to use the resources that they have through their business, the profits that they have in their business and to look at their business as a way and a vehicle to be able to impact the world.

The first reason I’m telling you is the need exists and talking about the needs of the world. I listen to you, guys. I read the episodes by the other coaches. I hear the students come on. I was listening to a podcast that Brent Daniels did. The two young men that he had interviewed were talking about how they wanted to utilize their business to be able to build homes in Mexico, how they had this vision for every time they made $10,000 was enough to build a home. They were talking about envisioning the look on that kid’s face, that family, child, son, and daughter when the keys to the house were handed over to them.

Entrepreneurs have a unique position of freedom to use their resources through their business to impact the world.

I’m going to tell you how powerful that is and I know that there are some of you that are reading, that you see something in real estate that’s bigger than yourself. For some of you, this might be a newer concept. I remember when I’ve first got in, heard about business, I didn’t understand the idea that it could be used to create such an impact.

For me, business in my mind was something that I felt like people use a lot to serve themselves to buy bigger toys and to buy bigger houses. Once I began to understand that business was a vehicle to impact the world, my mindset began to shift on how I understood the business and what we could accomplish through it. The first thing I’m telling you about is social entrepreneurship and why you should consider it is because there are too many needs in the world that are being unmet now. As you are reading this, you might have a calling to meet one of those needs and to solve one of those problems.

The second one is this, responsibility. Bottom line. “The purpose of influence is to speak up for those who have no influence.” I love that quote. Business is influence. As your business grows, as you make money, as you attain more followers whether that be via social media, as you have employees that begin to work for you, begin to look up to you. What is happening as your business is growing as your influence is growing?

We know that the larger the influence, the more that that can be channeled to move things in the world to impact things. What I want to challenge you on is the idea that the purpose of influence is not for you to be able to move things in a direction that serves you but your influence exists to speak up for those who have no influence.

I want to talk about Manny Pacquiao. For some of you, you might watch boxing and you might not but just so you know, Manny Pacquiao is the only eight-division world champion in the history of boxing. He’s also a philanthropist and he has been a senator of the Philippines since 2016. I love this quote by him, “Boxing gives people power and hope. Boxing has given me my voice but why do I box? Why do I fight? Is it my true purpose? It’s fighting the fights that matter. That is my wild rabbit.”

If you look at the life of someone like Manny Pacquiao, he understood that the influence that he was given through the stage that he built by becoming an eight-division world champion was not meant to serve him. He was given that influence to yield that influence to impact the world and he has. He’s impacted the Philippines in a major way. He has given tons of money away through his philanthropic work and if you know anything about Manny, an incredible guy in this particularly around the effects of how he’s utilized his influence.

What I want to challenge you is that it’s your responsibility to utilize your influence for something other than yourself. To use that influence to move things in the world that need to be moved. If you begin to have that mindset, then you are starting to think bigger and to look outside of yourself.

Let me go to the third thing as I mentioned the first two things were selfless not about you but about the people that they were serving. Let’s go to the selfish side of this. Let’s look at what is to be attained through it. Now, that’s not our driving reason but I have some of you reading and like, “I don’t know about this social entrepreneurship thing.” I’m going to speak to everyone at every level because my goal via this episode is even if I just get one of you to start considering the concept of social entrepreneurship, that’s a win for me.

WI 866 | Social Entrepreneurship

Social Entrepreneurship: As you make money and attain more followers, your business is growing as your influence is growing.

 

Fulfillment is the third thing. What I want to tell you is I have realized that there is what I call the profit purpose spectrum that exists. I have been on both sides of this. For those of you that don’t know my background, I quit going toward getting my Bachelor’s degree. I was at the University of North Texas, and I left there to go to Bible school.

For anyone that doesn’t know anything about Bible school, the one thing you will find in Bible school is you will find people that have a lot of purposes. You don’t go to Bible school for any other reason than you have a deep desire to impact the world. I will tell you what I noticed within the Bible school context and the thing that we did not have, and that was profit.

I remember those days of doing tutoring in the afternoons to help pay for my tuition. I was a valet for a long time in Dallas, Texas, and I valet cars. We are a bunch of young men and women sitting around with this great desire to impact the world with a strong purpose but we didn’t have profit. What I might tell you is when you have a purpose but you don’t have profit, what you are going to find people is that you are going to find them frustrated because they have such a heart to impact the world. Yet, they are frustrated because they understand that to impact the world, not only do you need time but there are many times in which you need money. You need to be able to write a check and either you are going to live 1 of 2 lives when it comes to creating impact.

If you become philanthropic, you can either number one, raise money and build something that’s at the mercy of other people is giving or number two, you can build an economic engine, so you can write the check yourself. That’s my calling. I love the freedom that when I see something I want to change, I see a life that I want to impact.

I don’t have to run around and tell a sob story to people about what has happened in this person’s life. We need to rally around them and feel like my ability to impact that person is built upon my ability to convince people to give this person money. I would rather write the check myself. That has been a big thing for me. That’s on one side of the profit purpose spectrum.

All-purpose but no profit, you are going to find yourself frustrated. As I have been in business, gone through years, and high-level groups like entrepreneur organizations, etc., I have become friends and I sit in communities of people that have a lot of profit. People that are worth tens of millions and a hundred million dollars plus.

What I have noticed with them a lot of times, and this is not all of them but I’m giving you the spectrum here is that they have profit but no purpose. What I have found is people with profit and no purpose are empty. They look around and go, there’s got to be more to life than this because I have success but the thing that I’m missing is significance.

What I want to tell you is there’s something powerful on that spectrum. When you bring profit and purpose together, and they collide in the middle of that spectrum, you as an entrepreneur wake up every day with both of those things. The combination of those two things colliding is what I’m telling you social entrepreneurship. That’s what it is.

Shift your mindset and look at your business as a vehicle to impact the world.

It’s the idea that every day I wake up with a deep-seated purpose that I am living for something greater than myself and not only that, I’ve got the profit to back it up to drive it forward. That spectrum is something that I have observed and watched over a long period and what I want to challenge you is to understand that you want to be in the middle of that spectrum where those two things collide because that’s where the real magic happens.

I love this quote that I want to share with you. I learned it actually on a documentary. I didn’t write down the author but it impacted me, “Happiness comes from getting the right kind of relationships, the three kinds of relationships that you need. The relationship between yourself and others, between yourself and your work, and between yourself and something larger than yourself.” I believe that happiness is fulfillment. Those things come when we lose ourselves in something greater than ourselves. I know John Wanamaker said this in his book on, You and Your Network. The most important lesson I have learned is that I have the least trouble with myself when I’m giving myself to a worthwhile cause.

I don’t know about you but the times in my life where I’m not serving or I’m not volunteering, where I’m not giving my time to something outside of my business and outside of myself are the times I become more self-absorbed. I become in a place in which it’s all about me, and I don’t know if you have been in those positions before. I feel like if you are being honest with yourself, you have all of a sudden, all of my issues become bigger and greater because my eyes are focused on myself.

As John Wanamaker said, “There’s something powerful about the idea of the lesson that I have the least trouble with myself when I’m giving myself to a worthwhile cause.” I have experienced that. I find greater fulfillment. I find greater happiness, and to be honest, a lot of what I thought were problems in my life become minimized in comparison to the problems in the world in which I’m seeking to try to come in and fulfill.

Anyone that has ever gone on a mission trip, served overseas, went and built houses know that we go to serve but the reality is the people that are impacted most are not the people we are building a house for. It’s us because we walk away with a deeper sense of gratitude. We walk away with what I like to call AVC appreciation by contrast for the things that we have.

That’s an important piece to consider when you are taking a look at social entrepreneurship. If we are talking about pure selfish reasons and again, I’m being a little bit hyperbolic with that but it’s the concept and the idea that it is the way that you are going to find deep fulfillment in your life. It’s through giving. It’s not through gaining.

The last one I want to share with you is the apex. I love this quote by Huston Smith who wrote a book called The World’s Religions. Let me read it to you because this is going to reframe your thinking about aging in your life and where are the best years going to be. “Are those best years are going to be in your 20s and 30s? Are they going to be in your 40s and 50s or are they going to be in your 60s and 80s?”

If you think about that, I know a lot of people are like, “I don’t know. My 30s were great. I’m concerned about my 40s or my 40s are going to be amazing. I’m concerned though as I get to my 60s.” The question is, “What is the apex of your life? What Huston is going to argue here is, “It depends on what you value the most.” That’s going to dictate your apex.

WI 866 | Social Entrepreneurship

Social Entrepreneurship: Happiness comes from getting the right kind of relationships. The three kinds of relationships that you need: the relationship between yourself and others, between yourself and your work, and between yourself in something larger than yourself.

 

Let me read it to you. “Whether life has a future beyond middle age, depends in the end not on poetry but on fact, on what the values of life are. If they are supremely those of the body, and since we as males well resigned ourselves to the fact that life after youth must be downhill, if worldly achievement and the exercise of power is best, middle age, the state of the householder, that will be life’s apex. If we value vision, understanding, impact, giving, those carry rewards equal to or surpass in these others, old age has its opportunities. We can come to happiness at the time when the rivers of our lives flow gently.”

We see this all the time in the world. I watch this with professional athletes. It’s great to be a professional athlete but we know that those are short-lived careers. We see that once you know their football or baseball career is over, the apex of their life was in athleticism and there’s a really deep sense of loss because that is what they valued the most.

I see the same thing with middle age if they value success and building businesses, get to a point in their 50s and even early 60s, and they have built businesses and made money, it’s like, “What am I going to do with another million dollars?” They feel like they have come to the apex of their life. They are confused and sad about the last half or quarter of their life.

Those that value wisdom, those that value and understand that building experiences, and building capital to get to a place one day where it can all be given away to impact the world does change your reframing in which the greatest and glorious days of your life can be. They are not in your youth. They are not your middle age.

They are when you get to a place in your 70s and 80s, and you have the ability to create the greatest impact. If you look when it comes to those measurements of wisdom, impact, and generosity, a lot of that is done at the highest level by people that are in their 70s and 80s. Something I want you to chew on is I reframe that for you of why you might potentially be social entrepreneurship.

Let me recap those again for you. Number one, I believe you should consider it because the need is great and there are more problems in the world, government and nonprofits can solve. Number two, it’s your responsibility. If you have influence, the purpose of influence is to speak up for those who have no influence. Selfishly as I said.

Going from the selfless side to the selfish side. I don’t think that you will find fulfillment and meaning in the businesses that you are building now if you tend and continue to build them for your own benefit period. That’s it. There’s nothing greater than yourself. You have got to lose yourself in something greater than yourself. Lastly is the apex of your life. What do you want the apex of the glory days to be? I can tell you that your glory days are all going to be dependent on what you value most because that’s exactly what Huston was saying in the quote that he said.

I want to transition here. I want to transition to the barrier. Again, I can name a few barriers but I’m going to name the one that will probably be the 80/20 here for most of you reading. Here’s the main barrier when it comes to social entrepreneurship. When I have enough money and I am rich, then I can be a social entrepreneur.

A lot of you reading are going, “This is something I would love to do but, Chris, honestly, I don’t feel like I’m in a position.” I want to give you a couple of stats here and reframe your thinking on this. The first stat is this, 2.6 billion people live off less than $2 a day as of doing this episode. If your net worth is $93,170 or greater, I’m not talking about cash in the bank, we are taking your assets, your car, everything that you have, that makes you richer than 90% of people in the entire world. What I want you to know is you might be in this win then type of thinking and I was as well. It’s like, “One day, I will get there.”

What I want to argue and press upon you is this. The win then the type of thinking is now. It’s here. You are in a position to give. Again, I do want to take a second. I know that there are a small fraction of people that are reading this that are truly in a deeply challenging place. They do need to focus on pulling themselves out from where they are at but the majority of you reading are closing deals and making money. I would argue that a good chunk of you have a net worth, it’s more than $93,000.

There are too many needs in the world that are being unmet right now, so we should consider social entrepreneurship.

I want to go to something that challenged my thinking. It’s a quote by Andy Stanley, a pastor out of Atlanta, “Because we don’t feel rich and consider ourselves rich, consequently, we don’t act rich. We act irresponsibly even though many of us have crossed the line from not rich to rich.” There’s a lot of meat on that bone. What I want to help you understand is if your barrier is when I’m rich, then I will begin to look at giving and social entrepreneurship. What I want to argue with the fact is the reality is you are rich. If 2.6 billion people in the world live off only or less than $2 a day, and you have an income or net worth of $93,000 a year, you are rich. You are there.

This whole concept of when then I get there, I want to challenge you on that, that you reading this now for particularly those that are reading that are born within the United States giving the opportunity. Also, the privileges that we have to be able to be entrepreneurs and earn incomes are already in a position to be able to move in that direction.

I want to tell you a personal story that impacted my life. Some of you know this, some of you don’t.  When I finished up my undergrad, I decided to go and live in Africa for six months. I moved to Uganda, and I lived in a city called Masaka and there, in that city, I had two main responsibilities doing missions work. Number one, I did leadership development, and number two, I built a children’s ministry because during that time, and again, I don’t know where things are at as of now. When I was there back in the early 2000s, there wasn’t a lot of emphasis put on kids even in the church world.

If you went to a church, there was no children’s program for the kids. They were fundamentally told to sit in the back or play outside and be quiet. I wanted to come in and do something specifically for kids because it had never been done for them. We launched this children’s ministry and ended up having 125 kids literally from infants. I’m not kidding you.

If you know anything about Africa, if you are even six years old, you are probably taking care of the infant baby in your house if you are a daughter and then I had kids up to sixteen, it was the most random and first little group or youth group, whatever you want to call it, you had ever seen. I use a lot of creativity during that time to figure out ways to challenge their thinking, educate them, and come up with ways to create transformation. I want to tell you something specific that transformed my life.

There’s a lot of poverty in Africa and we were telling the story in the Bible and talking particularly about giving and sacrificing. I wanted to do this concept called operation sacrifice, and so what I did was, I went and bought all of these suckers from the store. Most of them had never even had a sucker in their life, not something that their families would ever spend money on. I get them all together and say, “I’m going to give you guys something but I don’t want you to open it.” We handed out all of these suckers to all these kids. You can see them holding these suckers and looking at him, “I don’t know if this concept is going to work.”

I said, “We read a story in the Bible about giving and about sacrificing. I want to challenge you on something rather than eating this sucker. I want us to go out from the building that we are in. I want us to go to the streets and give this sucker away. In my mind, I’m thinking, “They are going to open the suckers and eat them. I’m putting myself in that position. I think that’s what I would do if I was a seven-year-old kid, and I never had a sucker.”

It’s like the old marshmallow test if you ever read that, where they stick a kid in a room with a marshmallow and tell him he will get two marshmallows if he can sustain from eating the first one after five minutes. Typically, they tend to fail. We start walking, and none of them are eating the sucker. I’m impacted by the fact of they are not eating them. We are walking together, there’s this, “What’s going to happen? They are all looking at each other.”

WI 866 | Social Entrepreneurship

Social Entrepreneurship: You will not find fulfillment in the business that you’re building if you continue to build it for your own benefit. You have to lose yourself in something greater than yourself.

 

I remember I will never forget it. I get emotional about this little girl sprinting out from the group, she went and handed that sucker. The whole group wrapped in praise and from there, they took off. It was cats gathering everywhere all over the town where we were at, and they were given these suckers away. They had never been able or given something that they could give away. Think about that.

They were never in a position where they could give and when they were put in that position to be able to do that, they found such joy by the fact that they had something to give. I felt convicted by that because I knew that I had something that I was able to give away every day and for them, this was one time that they had something.

I want to challenge you that whatever it is that you have, it doesn’t matter if it’s $1, your time or whatever it is, maybe it’s something that you have in your house that you are not utilizing. The idea is that you don’t have something to give away that you can’t be a social entrepreneur, that you can’t find something in your business to impact the lives of people. I’m going to tell you and challenge you that there’s something there. If those kids within that environment can give away something that they had personally never even had the ability to enjoy themselves, I know for myself at that moment, I was challenged to be a greater giver.

Here’s my challenge to you. I want you to take one step on the road of social entrepreneurship. I want you to use your business to impact one person’s life. I want you to do for one what you wish you could do for everyone. “Do for one which you wish you can do for everyone.” Andy Stanley always says that and the mindset is this, “If I can’t do this for a lot of people, then what’s the point?” No, if you can do it for just one.

If you can write a check to just one person, help one single mom, and help one nonprofit organization, if there is one homeless person that you can go to and help, do for one what you wish you could do for everyone. Don’t let the idea that, “Because I can’t do this for everyone, I’m not going to take it, time or it’s not worthwhile to do it for the one.” That’s not the case.

If we lived in a world where everyone did for one what they wish they could do for everyone, we didn’t have a world in which lives were impacted across the board, everybody would be touched. I want to thank you so much for reading. Remember, your business is a vehicle to impact the world. I challenge you to use your business to serve the least, the last, the least, the left out and looked over. Thank you so much for joining.

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About Chris Arnold

Chris Arnold is a 15 year Real Estate veteran who has closed over 2500 single family real estate transactions in the DFW metroplex. Chris is the founder of multiple companies that are managed by a US virtual team, which allows Chris to run his organizations while living in Tulum, Mexico full time.

His passion for leaders has led to the creation of Multipliers brotherhood which serves the top 5% of real estate entrepreneurs out of the US. Most recently Chris has launched his REI Radio coaching program. This program is designed to teach real estate investors the marketing stream that everyone knows about but NO ONE is doing!

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