Giving Compass' Take:

•  Jon Schumacher, writing for Entrepreneur, provides three ideas on how to develop an entrepreneurial legacy: build a leadership platform, start a think tank, or create a charity. 

• How should individuals think about lasting impact in entrepreneurship? 

• Read about how to maximize your impact in philanthropy. 

Andrew Carnegie, the robber baron turned philanthropist, famously said, ”A man who dies thus rich, dies disgraced.” While you may or may not agree with his statement, one thing nearly all entrepreneurs have inside them is a desire to make an impact.

We live in an era when, more than ever, we can positively influence the lives of people all around the world. With the internet reaching the far corners of the earth, the time is now to leave your footprint on this planet. It’s time to create your legacy.

To me, a legacy is benefiting the world around a deep and meaningful cause. It could be cleaning up the planet, saving endangered animals or feeding starving children. It could also be sharing your life or business lessons with others.

Whatever your legacy means to you, here are three ways you can leave a positive mark on the world.

  • Build your thought leadership platform: Utilizing the internet, you can reach millions of people with your thought leadership. Creating short videos, hosting a podcast or writing a book are all effective forms of capturing your biggest lessons and passing them forward.
  • Create a think tank: A think tank is a group of people who are paid to do nothing but read, discuss, think and write, usually to address a matter of vital importance to humanity.
  • Start a charity: A charity is an organization that is developed exclusively for public benefits and not for profit. There is an endless variety of causes you can be involved in.

Read the full article about entrepreneurial legacy by Jon Schumacher at Entrepreneur