Professional Documents
Culture Documents
Social Business in BD
Social Business in BD
TABLE OF CONTENTS
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NO.
PAGE
1.1
INTRODUCTION
11
1.2
METHODOLOGY
12
1.3
12
12
2.1
12
2.1.1
Bank account
13
2.1.2
Cash book
13
2.1.3
13
2.1.4
13
2.2
13
2.3
Controlling finances
14
2.4
14
2.5
Amount of finance
14
2.6
Legal structure
14
2.7
15
2.7.1
15
2.7.1.1
Making Money
16
2.7.1.2
Making a Difference
17
2.7.1.3
Making it Work
17
2.7.1.4
17
2.7.2
18
2.7.2.1
Segmentation
18
2.7.2.2
Targeting
18
2.7.2.3
Positioning
19
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2.7.3
19
2.7.3.1
Market research
19
2.7.3.2
20
2.7.3.3
20
2.7.4
21
2.7.4.1
21
2.7.4.2
21
2.8
22
2.9
22
23
3.1.1
23
3.1.2
Our Approach
23
3.1.3
23
3.1.3.1
24
3.1.3.2
Updated Computers
24
3.1.3.3
Good Teachers
24
3.1.3.4
Business Model
24
3.1.4
Mission
26
3.1.5
Vision
26
3.1.6
Hardware servicing
26
3.1.7
Lab Facilities
26
3.1.8
Perfect features
27
3.1.9
Training Programmes
28
3.1.10
28
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3.1.11
SEMINAR TOPICES
29
3.1.12
SCOPE
29
LIMITATIONS
30
FACING PROBLEMS
31
RECOMMANDATION
31
6.1
Find a mentor
31
6.2
31
6.3
31
6.4
32
6.5
32
7.
CONCLUSIONS
32
8.
REFERENCES
32
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1.2 METHODOLOGY:
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In the organization part, much information has been collected from different published articles,
journals, brochures, web sites and previous internship report. All the information incorporated in this
report has been collected both from the primary sources and as well as from the secondary sources.
The primary data relating to problems involved in social Entrepreneurship practice and suggestions to
remove the same were collected on the basis of a questionnaire by interviewing 24 randomly selected
personnel such as Directors of the Entrepreneurship as the internal part of management and the
Auditors as the external group.
The secondary data were collected through an extensive literature survey on the subject. The study has
identified some major problems in social Entrepreneurship practice of the country.
1.3 WHAT IS A SOCIAL ENTERPRENEURSHIP?
Social enterprises are businesses that trade for a specific social, environmental or cultural purpose. Like
all businesses, social enterprises operate in commercial markets, generating a profit from their trade.
However, unlike other businesses, social enterprises exist to fulfill their overriding and specific social
purpose and this is at the heart of every social enterprise, driving everything it does. Around the world
social enterprises have lots of different kinds of social, environmental and cultural purposes, reflecting
the diverse needs and interests of the communities they work in. This guide focuses on social
enterprises in Australia that provide employment for people who are excluded from the labor market.
Of course, many of the principles will also be useful for other social enterprises.
2 DEVELOPING A SOCIAL BUSINESS (FINANCIAL ASPECTS & STARTING):
2.1 Keeping on top of the money:
Success or failure very often comes down to how well a social entrepreneur manages their money.
Some of this is very simple, but very important to get right. Setting up a new enterprise means that,
whether you like it or not, youre going to have to get intimately involved in finance. So, when starting
out there are a few basic things you must quickly get in place:
2.1.1
Bank account:
You may well want to think about using a bank with a social mission (see above) as the supply-chains
of social enterprises are often helpful in maximizing their positive social impact.
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2.1.2
Cash book:
It is a vital piece of financial record-keeping detailing all of the payments into and out of your
businesss bank account.
2.1.3
It is the place where you can keep all the invoices that you send out to customers/funders.
2.1.4
Where you keep all the invoices you receive from others asking for payment.\
2.2 Why Social Enterprise?
One of the first things you will need is, of course, a business plan. Before you start to plan your venture
in detail, you first need to ask yourself whether your idea has legs. There will be some hard thinking
to do before you invest lots of time, money and energy into something. Ask yourself:
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2.7.1
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You might have a great idea, but will anyone really pay for what you want to do?
Will enough people pay enough for your product to cover your costs?
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enterprise?
How many jobs, training opportunities or work experience placements can you realistically
create?
If the idea is for a very small business, is it really worth it to create only a small number of
jobs?
Why will this kind of social enterprise be suitable for the people you want to employ?
Have you thought about what kind of training or qualifications people will need to work in your
business?
What kind of work environment will your social enterprise have, and is this suitable for people
who may need extra support with work?
consuming?
Do you have contacts, partners or networks in the industry, or any other natural advantage?
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While the Dreaming stage needs only limited resources, Exploring is much more intensive in terms of
staff time, research costs and investigation of the feasibility of your social enterprise idea.
The exploration stage should not be rushed. You might find yourself getting impatient, or youre Board
or funders may be putting pressure on you to get the enterprise started, but it is important to manage
your own expectations, and those of others. Its easy to start a social enterprise that subsequently fails,
but its much harder to start a social enterprise that is successful and sustainable in the long term. There
are three steps involved in defining your market:
2.7.2.1 Segmentation
Understand who the potential customers for your goods or services are and categories them into logical
groupings. This should be based on understanding what people want, how they behave and what their
attitudes are.
Be aware that there may be more than one market for your products, depending on your business. For
example, you may be able to sell your products to other businesses or social enterprises, as well as
direct to the public.
2.7.2.2 Targeting:
Pick one of the groupings in each of your markets as the customers you want to focus on exclusively.
This will be based on your capabilities and your social objectives.
2.7.2.3 Positioning:
Determine how you would like your product or service to be perceived by your target customers. Your
position should answer the question of why customers would buy from you instead of other
competitors (i.e. how you are different).
2.7.3
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through for your own situation. The answers to these questions will help you build a better
understanding of your market.
2.7.3.3 From idea to reality:
At this stage all your research and planning will be tested in real life and one thing is guaranteed
There will be surprises along the way. One of the keys to making the start-up phase successful is being
flexible and adaptable, changing your plans and actions in response to the reality of your market, your
customers and your staff and trainees.
It often takes three or four years to reach full financial viability. During this time, you will need to be
constantly revisiting and revising your business plan to take account of the dynamic and fluid
environment that is the real world!
Starting up any business involves a constant juggling act balancing limited time and money with the
pressure to get your products out of the door. For social enterprises in the employment creation field,
this is made even more complicated by the need to recruit and support a workforce that will almost
certainly have additional needs compared to other businesses. Its important to keep focused on both
your financial and social goals. As before, to help with this, we have organized this section according to
the pieces of the puzzle of social enterprise development.
2.7.4
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There
is no right or wrong answer to whether you should grow or not and there is no right time to go for
growth. Every social enterprise is different and you will need to decide for yourself if, when and how
you want to grow your business. Here are some things to think about.
2.7.4.1 There are good reasons for growing your social enterprise:
You can create more jobs and training opportunities for people excluded from the labor market.
You might be able to achieve economies of scale for example, by negotiating better deals with
suppliers for bigger orders, or by reducing the relative costs of management overheads
You may not have good evidence of your social impact for a few years.
You may want to consolidate your position in your market before you risk taking on too much
customer service can suffer if there are too many customers and not enough focus on operations.
operation.
2.8 TYPES OF SOCCIAL BUSINESS:
2.8.1 Type I: Focuses on businesses dealing with social objectives only. Eg. The product produced is
2.8.2
Eg. The product could be produced by the poor but exported to an international market while
net profits would go towards workers benefits.
(Wikipedia: Social Business SOCIAL BUSINESS)
From the beginning of the assignment we tried to find out a good business policy, which will be social
helpful, will maintain CSR, will be profitable, and will have the scope to increase the market place. So
as our thinking we got an idea. Our idea is to make a computer and technology center. It is social, it
maintains CSR, it must be profitable, and it has got the scope to increase the marketplace.
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3.1.1
A Computer Institute is an institute that provides one kind of training experience on Web Development,
Hardware, and Network Technology. Experienced trainers and excellent facilities make your best future
in computer education. It provides one kind of training experience on Web Development, Hardware,
and Network Technology. Experienced trainers and excellent facilities make best future in computer
education.
3.1.2
Our Approach:
Our approach can be found in our thinking, our performance, and most importantly, in our delivery to
our clients. We believe in building long- term relationships with our clients, based on a mutual
understanding of our high standards of service and professionalism. Every business entity has its
unique set of requirements and these requirements are met promptly and efficiently by our unparalleled
methodologies, knowledge and execution.
3.1.3
With the computer being an everyday item nowadays, it is now a must that everyone knows how to use
it. With that fact, one can conclude that a computer training center is a very lucrative business
opportunity. Setting up a computer training center is not a daunting task once you have become aware
of what you need to prepare. The requirements for a computer training center are not as complicated as
you might think. Here are the important things to consider when starting a computer training center.
The computers should also be up to date, with the latest processors and operating system as much as
possible. To avoid legal troubles and to protect your reputation as a businessman, make sure to use
genuine and licensed software only. It would do you no good to use pirated programs even if they may
be cheaper and easier to procure.
3.1.3.3 Good Teachers:
Teaching is a talent, not a skill that is learned at school. Teachers can only be called as such if they get
their points across to their audience, and if the students learn enough to acquire new skill. In a
computer training center, the knowledge level of your students range from the ignorant to those with
background but wish to learn more. Because of this, you need good teachers that have the skill to deal
with different kinds of students. You wont need to look for a professional degree in a computer
training center, although it can be a plus. Anyone can become a teacher in a computer training center,
just as long as they have the necessary knowledge in what they will be teaching. When hiring a teacher,
make sure to have him or her perform a teaching demo so you can judge the applicants actual
capability to teach and help the students of your center.
3.1.3.4 Business Model:
Finally but most importantly the type of finance you raise must be suited to your business model. It is
important to consider things such as the stage of development of the enterprise; the market in which it
operates; the management and capacity of the enterprise to carry out its strategy; and the enterprises
self-sufficiency and/or the sustainability of grant funding.
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3.1.4
Mission:
We describe our mission in a short form TIF= THE FUTURE IS BUILT FROM TODAY.
3.1.5
We describe our mission in a short form BIT= BELIEVE IN CHANGING THE WORLD.
B= BELIEVE
I= IN CHANGING
T= THE WORLD
We believe that we can make a revolution in the technologic development in our country.
3.1.6
Hardware servicing:
We offer a full range of IT services whether you are looking for a partner to manage your entire IT
network or servicing your home PC. We will offer outside and in-house repairs and services. We are a
leading IT solution provider, delivering end-to-end solutions for our clients: Networking (Windows,
Netware & Linux), system integration, printer servicing and maintenance, hardware and software sales,
PC sales, Laptops, network server sales and support.
3.1.7
Lab Facilities:
We have numbers of well-decorated labs to provide you uninterrupted connection on study. There are
enough new PC with internet connections for practical work and use. Using projector machine makes
class more attentive. Have 24 hour standby auto generator to ensure electricity supply. We are ensuring
well decorated and dreamy environment which will always help to rev-up mind during class hours. The
labs are specious with flood and natural light. The smoothing color of the walls and lights will help to
set mind. The labs are fully air conditioned. Comfortable chairs are flexible to give support during long
class hours.
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3.1.8
Perfe
ct features:
Computer Training
Selling computer
Assembling computer
Repairing computer
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3.1.9
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3.1.11
SEM
INAR TOPICES:
According to rating of world freelancing associations, Bangladesh is now on the 3rd position in the
online earning or freelancing sector. So we know how to make it happened. And it is time to make this
sector even wider than ever so each of our youth can earn money as a freelancer outsourcer. Also we
can show the way to other countries how they can do it too. This seminar will focus how a person can
earn unlimited amount of money without doing office, without seating in an official desk just sitting in
home with a computer and an internet connection. We will discuss the following:
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3.1.12
What is Outsourcing?
How do you earn?
Secure Payment methods?
How does a freelancer get job
How do you bid to get job?
What does a freelancer do after getting a Job?
How do you communicate with your buyer?
Which kind of works you do?
Brief on Web Development?
SCOPE:
Computers and computer programs are among the most wonderful tools available-as long
as you know how to use them. If you don't, you quickly learn the true meaning of
frustration. And let's face it. But if you're intimately familiar with one or more software
packages, then you can transform the virtually flummoxed into virtual wizards with a
computer-training business. This is a hot field- according to the International Data
Corporation, the worldwide market for technical computer training is nearing the $28
billion mark, with an annual average of $8,200 spent for information systems staff
training and $3,000 per person spent on general staff training. You can specialize in the
software program or programs you know best; in a field you're familiar with like law or
medicine; or, if you've got a broad base of software smart.
You can work one-on- one with individual clients--from tots to seniors--or train a roomful
of employees at a time for corporations. The advantages to this business are that you're
out and about, working with lots of different people; helping folks overcome computerphobia is always rewarding; and because you have to keep up with ever-changing
technology and software updates, you've got the best excuse in the world for buying new
computer goodies on a regular basis.
You should know inside and out at least one software package, commonly used by the
mass computer market or by a particular industry. But it's not enough to be a software
egghead- you'll also need the ability to communicate your knowledge to others. Other
must-haves are the patience to help clients conquer computer-phobia and the
communication skills to transfer your enthusiasm and techniques to your pupils. The
Market your clients can be private individuals or corporate types who want to make their
employees computer-literate. To get the business from private parties, establish
relationships with computer retailers and ask them to refer customers to you. Place ads in
local newspapers and the Yellow Pages. Solicit companies and corporations through
direct-mail campaigns and network at professional, civic and trade organizations. Place
ads in industry journals and other publications. Another excellent technique is to get
certified or licensed from software manufacturers or vendors who will then refer
customers to you.
4
LIMITATIONS:
1) Shortage & limitation of money.
2) Improper & unfavorable law system.
3) Market expansion rate.
4) Public awareness about the social Business.
5) Technical difficulties.
6) Deference between services provides and demand.
7) High Cost of the product.
8) Shortage of technical teacher and proper guideline.
9) Bank loan systems difficulties.
10) Competitive market
FACING PROBLEMS:
One of the hardest things about being a social entrepreneur is that you can quickly get
tired, lonely and lost if you dont have a strong support network around you. With this in
mind, it is worth, very early on, giving some serious thought to your own support needs.
6 RECOMMANDATION:
6.1 Find a mentor:
A mentor acts as a valuable guide who can help you create solutions to issues in your
developing venture. Your mentor should also help you to believe in yourself and boost
your confidence. They should ask questions and challenge, while providing guidance and
encouragement. Time with your mentor allows you to explore new ideas, think aloud
and gives you a chance to look more closely at your own development and skills.
Not all networking is about building the business, some should be about sustaining you as
the person whos holding the business together so never underestimate the importance
of maintaining strong support networks. A group of supporters people who believe in
you and what you are doing is important for you. This is not only for the leverage this
group can provide, but also for the psychological benefit of knowing you have a group of
fellow believers behind you.
The desire and ability to learn has been identified as a key feature of successful social
entrepreneurs. This doesnt necessarily mean formal learning but the desire to find out
new information, develop new skills and look at things in new ways. To do this requires
an investment of time. However, in the early days of a new venture, time is the one thing
you might feel you dont have. But whatever you do, dont neglect your own learning
needs.
Speak to people who have built businesses. Attend lectures and events, go to an evening
class do all you can.
7. CONCLUSIONS:
Now a days business organization like social business is turning to a profitable business.
They are just thinking about their own interest. But it cant be the fact. Developing the
human resource has to be the first and foremost motto of a social enterprise. Here, social
interest must be greater than individual interest. At last we have to focused on how
encouraged interested and energetic we are to develop a social business like a computer
and technology center in Bangladesh.
8. REFERENCES:
www.businessnewsdaily.com/5499-examples-socially-responsible-businesses.html
www.canadabusiness.ca/eng/page/4337/
www.forbes.com/sites/danschawbel/2011/10/13/how-to-build-a-social-business/
www.macleans.ca/canada-top-50-socially-responsible-corporations-2013/
www.muhammadyunus.org/index.php/social-business/social-business
www.causecapitalism.com/5-ways-to-create-a-socially-responsible-profitablecompany
www.en.m.wikipedia.org/wiki/Social.business