According to analysts, good ideas may
bring sufficient sponsors for entrepreneurs, so no worries for initiating a
business as long as you have a good idea to build up on. These funds can be
brought from the company’s corporate social responsibility funds.
Even small amount of fund from companies
may help flourish the social business. Social business events like the one held
in Savar at Gonoshasthya Kendra, can bring a lot of attention both in the local
public’s eyes as well as intellectuals; like the one mentioned which brought in
together 700 local people and 125 foreign participants, the issue of which was
to clarify the concept of social business and it being a way to resolve
complicated matters.
The discussion held there pulled out
some outstanding facts about how CSR fund can benefit both the entrepreneurs as
well as the company providing the CSR fund. They encouraged innovative ideas
from the new generation, to work for the society and also to encourage others
around them as well as the upcoming generations.
Legal doubts were pretty much cleared in
the conference as well; it was clear how social business enterprises are very
much legal and have the right for legal protection. One a business has earned
enough money to sustain itself could turn into social business.
Likewise non government organizations if
developed well could be a good source of divergent fund like banks. There would
be no legal problems in these kinds of cases as well since it is completely
legal for social businesses to run a commerce venture. There could be many
questions about how or when to start for someone who has absolutely no
experience; the answer to that is to simply look. There are plenty of
opportunities. Not only ado banks and organizations provide funds, so does many
universities for startups. One simply just has to look.
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