If you are thinking about your personal and profesional development and you have plans to become a social entrepreneur, there bare some key terms you should bear in mind: 

1) Social impact:: it is the significant, lasting change that a program, organization, or investment creates in people's lives and in the communities around them. It reaches past activity counts to the outcomes that persist: higher earnings, better health, stable housing, stronger civic participation. Social impact can be positive or negative, intended or unintended.

2) Differences between social entreprises and NGOs:

3) Sustainable Development Goals: The Sustainable Development Goals (SDGs) are 17 interconnected global objectives adopted by the United Nations in 2015 to end poverty, protect the planet, and ensure prosperity for all by 2030.

4) Cocept of "Community-based innovation": Community-Based Innovation is about people working together to create new solutions within their own locality. read this article to understand more: Community based innovation: Building a Culture of Innovation: Insights from Community based Approaches - FasterCapital

5) Social Impact Measurement:  

Social impact measurement and management (SIMM) is a pivotal concept that involves the systematic evaluation of the social effects of an organisation's endeavours. This process should encompass not only the meticulous collection and analysis of data but also the strategic application of these insights to optimise positive outcomes and mitigate adverse ones.

The significance of SIMM goes beyond mere data collection. It is generally considered as a way of empowering organisations to make informed decisions, fostering accountability and transparency that can build trust among stakeholders. Moreover, a robust SIMM framework can enhance an organisation’s appeal to investors and donors who prioritise social returns, while promoting continuous improvement of programmes and initiatives.

  Learn more from the European Commission's article: Measuring social impact: a new era for the social economy?

6)  Socialeconomy:  Social economy refers to a specific way of doing business that combines three elements: working towards collective or interest, reinvesting profits and participatory governance. It is increasingly recognised as a driver of inclusive growth, impactful employment and resilient communities.

Explore the Glossary of social economy here: Social economy definitions and glossary - EU Social Economy Gateway