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What is urban entrepreneur?
Urban Social Entrepreneur is a term coined by Mishael Israel the Founder & CEO of Urban Social Entrepreneurs in 2009.
It is an entrepreneur that comes from the streets of urban communities, sometimes called a HUSTLER, who takes his street hustling skills and combines it with mainstream business skills and becomes a success! He/She than decides to go back to the urban community with that same entrepreneur and business skill to solve some of the social and economic problems in the community utilizing non-profit and for profit ventures. The goal is to put profits back into the non-profit ventures to establish a sustainable social economy.
United Health Foundation is a non-profit that provides Aids services to urban communities. It owns a chain of pharmacies in the community. All of its profits go back into the non-profit so that it can continue its social mission of providing services to its community. This is a sustainable social enterprise that was started by an Urban Social Entrepreneur.
urban entrepreneur - video
Urban entrepreneur - what is it?
1. SLANG: Elegant way of saying someone is a street hustler; someone who makes money selling illegal merchandise (or legal merchandise illegally) on the street or in an urban/ghetto area out of his residence or an illegal place of business (ex. warehouse, back of a grocery store, etc.).
2. PROPER: One who owns a business that caters to the city life, or owns a business located in a city. The term entrepreneur is more correctly reserved for one "seen as a business leader and innovator of new ideas or business processes."
1. Does John have a job, how does he pay for school?
Well he likes to think of himself as an urban entrepreneur, but he just sells weed to kids in the ghetto.
1. SLANG examples: one who: deals drugs, sells stolen electronics off the back of a truck, sells bootleg DVDs, selling items to people stuck in traffic, etc.
2. PROPER examples: street vendors in NYC, owner of a bike courier company, dog walker