Third year Bachelor of Commerce students studying the New Venture Finance unit, were privileged to listen to an expert in the field of social entrepreneurship Dr. Vincent Ogutu –  Vice Dean Executive Programs Strathmore Business School.

 

During his talk, organized by the students Lecturer Julianna Muteti, Dr. Ogutu tackled topics in Social Entrepreneur Funding and Aspirations of a Social Entrepreneur, which included entrepreneurs having a vision, as well as encouraging the practice of social entrepreneurship in Kenya.

 

Dr. Ogutu elaborated on different options that can provide finances for social entrepreneurs. The options included, finances from public and private organizations, as well as the not-for-profit-organizations through donations and grants. He also described an entrepreneur as a person who adds positive economic and social value to his/her society.

 

The key question during the talk was in line with how entrepreneurs can market themselves to get funding and recognition for their projects. Dr. Ogutu mentioned three ways an entrepreneur can adopt in order to get the funding and recognition; getting their story out; selling their business model; and showing how the social enterprise has led to growth and provided positive opportunities in the society.

 

On social entrepreneurship in Kenya, Dr. Ogutu advised that a major way of passing this knowledge would be through incorporating this topic into school curriculums. “Our curriculum should bring forth graduates that have good communication skills, innovative minds, creative ideas and are confident problem solvers, aspects that grow the spirit of entrepreneurship,” he said.

 

After the informative session, a panel of 10 students represented the rest of the class in a question and answer session with Dr. Ogutu, where various questions on social entrepreneurship were tackled.

 

In order for Dr. Ogutu to lead by example on giving and making a difference in the society, a visit to Kwetu Home of Peace took place with the students and the Dean, where he contributed a token of amount Kshs. 10,000 to the home.

 

Article written by Randy Kuyoh 3^rd Year BCOM student