How to Make a Start
How to Make a Start
One good way to get started with creating social business enterprises would be to launch a design
competition for social business enterprises. There can be local competition, regional competition
and global competition. Prizes for the successful designs will come in the shape of financing for
the enterprises, or as partnership for implementing the projects.
All submitted social business proposals can be published so that these can become the starting
points for the designers in the next cycles, or ideas for someone who wants to start a social
business enterprise.
Social Stock Market itself can be started by a SBE as social business enterprise. One business
school, or several business schools can join hands to launch this as a project and start serious
business transactions.
Let us not expect that a social business enterprise will come up, from its very birth, with all the
answers to a social problem. Most likely, it will proceed in steps. Each step may lead to the next
level of achievement. Grameen Bank is a good example in this regard. In creating Grameen
bank I never had a blue-print to follow. I moved one step at a time, always thinking this step will be my last step. But it was not. That one step led me to another step, a step which looked so
interesting that is was difficult to walk away from. I faced this situation at every turn.
I started my work by giving small amounts of money to a few poor people without any collateral.
Then I realized how good the people felt about it. I needed more money to expand the program.
To access bank money, I offered myself as a guarantor. To get support from another bank, I
converted my project as the bank’s project. Later, I turned it into a central bank project. Over
time I saw that the best strategy would be to create an independent bank to do the work that we
do. So we did. We converted the project into a formal bank, borrowing money form the central
bank to lend money to the borrowers. Since donors became interested in our work, and wanted
to support us, we borrowerd and received grants from international donors. At one stage we
decided to be self-reliant. This led us to focus on generating money interanlly by collecting
deposits. Now Grameen Bank has more money in depostis than it lends out ot borrowers. It
lends out half a billion dollars a year, in loans averaging under $200, to 4.5 million borrowers,
without collateral, and maintains a 99 per cent repayment record.
We introduced may programs in the bank --- housing loans, student loans, pension funds, loans
to purchase mobile phones to become the village telephone ladies, loans to beggars to become
door-to-door salesmen. One came after another.
If we create the right environment, SBEs can take up significant market share and make the
market an exciting place for fighting social battles in ever innovative and effective ways.
Let’s get serious about social business entrepreneurs. They can brighten up this gloomy world.
How to Make a Start - To learn more about this author, visit Grameen Foundation's Website.
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By Muhammad Yunus
One good way to get started with creating social business enterprises would be to launch a design
competition for social business enterprises. There can be local competition, regional competition
and global competition. Prizes for the successful designs will come in the shape of financing for
the enterprises, or as partnership for implementing the projects.
All submitted social business proposals can be published so that these can become the starting
points for the designers in the next cycles, or ideas for someone who wants to start a social
business enterprise.
Social Stock Market itself can be started by a SBE as social business enterprise. One business
school, or several business schools can join hands to launch this as a project and start serious
business transactions.
Let us not expect that a social business enterprise will come up, from its very birth, with all the
answers to a social problem. Most likely, it will proceed in steps. Each step may lead to the next
level of achievement. Grameen Bank is a good example in this regard. In creating Grameen
bank I never had a blue-print to follow. I moved one step at a time, always thinking this step will be my last step. But it was not. That one step led me to another step, a step which looked so
interesting that is was difficult to walk away from. I faced this situation at every turn.
I started my work by giving small amounts of money to a few poor people without any collateral.
Then I realized how good the people felt about it. I needed more money to expand the program.
To access bank money, I offered myself as a guarantor. To get support from another bank, I
converted my project as the bank’s project. Later, I turned it into a central bank project. Over
time I saw that the best strategy would be to create an independent bank to do the work that we
do. So we did. We converted the project into a formal bank, borrowing money form the central
bank to lend money to the borrowers. Since donors became interested in our work, and wanted
to support us, we borrowerd and received grants from international donors. At one stage we
decided to be self-reliant. This led us to focus on generating money interanlly by collecting
deposits. Now Grameen Bank has more money in depostis than it lends out ot borrowers. It
lends out half a billion dollars a year, in loans averaging under $200, to 4.5 million borrowers,
without collateral, and maintains a 99 per cent repayment record.
We introduced may programs in the bank --- housing loans, student loans, pension funds, loans
to purchase mobile phones to become the village telephone ladies, loans to beggars to become
door-to-door salesmen. One came after another.
If we create the right environment, SBEs can take up significant market share and make the
market an exciting place for fighting social battles in ever innovative and effective ways.
Let’s get serious about social business entrepreneurs. They can brighten up this gloomy world.
How to Make a Start - To learn more about this author, visit Grameen Foundation's Website.
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Staging DivaDebra Gould, aka The Staging Diva®, is President of Six Elements Inc., an internationally recognized home staging company. Inspired by many requests from aspiring home stagers wanting to start similar businesses, Gould created the Staging Diva Home Staging Business Training Program. Gould has trained over 1000 Staging Diva Graduates worldwide to start staging businesses. Buying decorating and selling six of her own homes in four years lead to an interest in real estate staging which she turned into a career with the launch of sixelements.com in 2002. Since then she has staged hundreds of homes in addition to teaching home staging training. Gould is the author of several home staging resources including a series of popular ebooks made up of a Design Guide, Color Guide and Portfolio Guide. For more information about Debra Gould visit stagingdiva.com. - Visit Staging Diva's Website |
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Joe DagerJoe Dager is President of Business901, a progressive coaching company providing no-nonsense direction in areas such as Lean Six Sigma Marketing and organized referral marketing. What others say: In the past 20 years, Joe and I have collaborated on many difficult issues. Joe’s ability to combine his expertise with “out of the box” thinking is unsurpassed. He has always delivered quickly, cost effectively and with ingenuity. A brilliant mind that is always a pleasure to work with.” - James R. If you want to learn more about Business901, start a conversation with us. We can be found @ Web/Blog: Business901.com Web/Blog: FundingYourNonprofit.com LinkedIn Profile Follow me on Twitter - Visit Joe Dager's Website |
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Jeff FosterWebBizIdeas.com is a Minneapolis website design company founded to help people start an internet business by providing them with website, business, and internet resources that help foster the growth of successful online businesses and develop innovative Internet business ideas. We specialize in internet consulting & internet marketing. - Visit Jeff Foster's Website |
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Kim CastleWith nearly two decades in the advertising and design business, with clients like Domino's Pizza, General Motors, Direct TV, Pedigree, Wolfgang Puck, Higher Octave Music, Hollywood Celebrity Products, Disney, and Paramount, as well as thousands of entrepreneurs around the world define, structure, communicate, and position their business for greater profits, BrandU(R) co-creators Kim Castle and W. Vito Montone discovered that entrepreneurs could experience the same power that big brands command for a fraction of the cost with the world's only process-based results-drive Integral approach to business creation. BrandU(R) is helping entrepreneurs grow with the power of extreme clarity from idea...to brand...to market(TM) and helping one million entrepreneurs become successful and whole so that they can make a difference in the world. Are you one of them? If you want to experience clarity all the way to the bank(TM), get started now at http://www.brandu.com. - Visit Kim Castle's Website |
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Linda RichardsonLinda Richardson is the Founder and Executive Chairwoman of Richardson, a global sales training and performance improvement company. As a recognized leader in the industry, she has won the coveted Stevie Award for Lifetime Achievement in Sales Excellence and she was identified by Training Industry, Inc. as one of the “Top 20 Most Influential Training Professionals.” Ms. Richardson is credited with the movement to Consultative Selling and is the author of ten books on selling and sales management, including Sales Coaching — Making the Great Leap from Sales Manager to Sales Coach, and Stop Telling, Start Selling. She teaches sales and management at the Wharton Graduate School of the University of Pennsylvania and the Wharton Executive Development Center. Linda is a frequent speaker at industry and client conferences, has been published extensively in industry and training journals, and has been featured in numerous publications, including The Wall Street Journal, Forbes, Nation’s Business, Selling Power, Success, and The Conference Board Magazine. Learn more about Richardson's sales training and performance improvement solutions at http://www.richardson.com web - Visit Linda Richardson's Website |
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George LudwigGeorge Ludwig is a recognized authority on sales strategy and peak performance psychology. An international speaker, trainer, and corporate consultant, he helps clients like Johnson & Johnson, Abbott Laboratories, Northwestern Mutual, CIGNA, and numerous others improve sales force effectiveness and performance. Though it's George's strategies and processes that help corporations increase productivity and performance, it's his tremendous energy and dynamism that spark the transformation. Again and again, clients remark on his amazing ability to unleash human capacity and inspire men and women to break out of their comfort zones. The result is a whole new type of salesperson. His customized presentations teach achievers to make stunning advances in their lives. From helping salespeople realize cherished dreams to helping corporations exponentially accelerate revenue streams, George Ludwig leaves audiences and individuals empowered, emboldened, and clamoring for more. George is the best-selling author of Power Selling: Seven Strategies for Cracking the Sales Code and Wise Moves: 60 Quick Tips to Improve Your Position in Life & Business. - Visit George Ludwig's Website |
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Stephanie RobeyStephanie Robey is President and CoFounder of Pivot Positive, LLC - an Internet marketing business focused on helping people start work at home ventures. Previously, she was employed at The Search Agency with over 20 years experience in graphic design and 10 years experience in online marketing. She was responsible for launching the Conversion Path Optimization (CPO) unit where she and her team have conducted hundreds of optimization tests for online companies across multiple verticals. She is a successful entrepreneur having started and sold 2 companies and remains on the board of directors of the third, PhotoSpin.com Stephanie began her career in the direct marketing realm creating and producing direct mail for many of the major cable television companies and directly attributes her understanding of Internet marketing to those early offline experiences. Stephanie is a graduate of San Diego State University with a BFA in Graphic Arts and also holds an Executive MBA from the Graziadio School of Business and Management at Pepperdine University. Read Steph's Blog Meet Steph and Dave Sign up for our Free 7-Day BootCamp: Self Employed & Rich - Visit Stephanie Robey's Website |
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