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152: How to Build a Business You Care About More Than Paying Your Own Bills with Adam Braun of MissionU

152: How to Build a Business You Care About More Than Paying Your Own Bills with Adam Braun of MissionU

FromThe Foundr Podcast with Nathan Chan


152: How to Build a Business You Care About More Than Paying Your Own Bills with Adam Braun of MissionU

FromThe Foundr Podcast with Nathan Chan

ratings:
Length:
48 minutes
Released:
Jun 14, 2017
Format:
Podcast episode

Description

Getting rich is for amateurs. A real entrepreneur, one with serious guts and vision, wants to make the world a better place. If that's you, it's time to enter the world of social enterprise—business that seeks to make both a profit and a positive impact, on anything from education to world hunger. This is a tall order, but it's possible and an increasingly popular form of entrepreneurship. So today's podcast is going to show you exactly how to make money, while also making a difference. Unlike your traditional businesses, social enterprises have a much harder time securing funding and even staff. The legal frameworks and business models can also be much trickier. Lucky for us, we were able to sit down with Adam Braun, founder of Pencils of Promise and MissionU. He shared with us how he managed to raise over $50 million in contributions, build hundreds of schools, and grow a worldwide staff of more than 125 employees as a social enterprise. As he turned 25, Braun only had $25 in his bank account, but was still determined to build a school for the less fortunate. Before crowdsourcing was even a thing, Braun turned to strangers to help him fund his first project. He used social media and event marketing to attract people to his cause, relying on influencer and word-of-mouth to secure the funding he needed. "You start scrappy and understand that maybe one day you'll have the resources to hire full-time staff and work with capital at hand, but most people don't start that way, and I certainly didn't," Braun says. Starting with this grassroots marketing strategy and an all-volunteer staff, he built Pencils of Promise into a huge success. Today, more than 400 schools have been built as a result, and Braun's turned his sights to education in the United States with his new project MissionU. In this episode you'll learn: How to use event marketing to build your brand and attract investors What makes a story "newsworthy" and how to use it to build an audience Braun's methodology for attracting A-players to work toward his vision Social media marketing tactics to reach your target audience without paid advertising The right way to go about asking for money, whether it's for crowdfunding or from investors & much more!
Released:
Jun 14, 2017
Format:
Podcast episode

Titles in the series (100)

We interview hard to reach entrepreneurs. (Mark Cuban, Seth Godin, Tim Ferriss, Tony Robbins, Barbara Corcoran, Daymond John & many more). Unlike most podcast interview series Nathan Chan literally started from knowing nothing. He was just an average guy working in a 9-5 job he utterly hated. He knew nothing about entrepreneurship, nothing about startups, nothing about marketing, and nothing about online or how to build a business. So from launching Foundr Magazine he's gone out and spoken to some of the most successful entrepreneurs and founders in the world in the world to find out exactly what it takes to become a successful entrepreneur, so YOU can learn from them. Why this podcast? Because we're asking the same questions you want to know as an entrepreneur on their journey to building an extremely successful business. We're on the front-lines facing the daily battles you are. How do I get more customers? How do I scale my business? I want to start a business, but just don't know where to start? How did this person get millions of customers and make millions of dollars and have a such a massive impact on the world? Some of these entrepreneurs are very well known, and some not known at all and that’s the cool part! Here we will share with you our best interviews from Foundr magazine showcasing this persons processes, failures, critical lessons learnt and actionable strategies showing YOU how to build a successful business. This is NOT your AVERAGE everyday entrepreneurship podcast.