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Social Business – Thoughts of Professor Yunus.
Social Business is very new concept being added to the social sciences and business-economics of the world that has been introduced by Professor Yunus, novel laureate, of Bangladesh. The objective of this concept is primarily to change the economical situation of a society/country with the perspective of alleviating poverty by fulfilling or improving the basic needs of the marginal people. In view of achieving this objective, Social Business is a driven-wheel that might be a different way of conducting or managing business from the conventional concept of Business Management. The conventional business is continuously looking for obtaining more profit by investing less capital which eventually develops individual or collective ownership for a few persons or families in general. On the other hand “in a social business, the investors/owners can gradually recoup the money invested, but cannot take any dividend beyond that point. Purpose ...

Dear Sir,
Is there any upcoming events/contests/seminar/workshop or something like that nationally/internationally on which i can participate?

Please, let me as i am very interested.

Thank You,
Amin

I have been working the last 3 years towards eventually opening my own beading store. I started with an initial loan from my daughter and her husband of $600, which I have paid back. I bought the beads and display materials I needed to start making and selling jewelry. What I do is every penny I make I re-invest back into my business. I am very knowledgable about my pieces, the gems/jewels/stones used, etc. My goal is to open a full store with a learning center within it to teach people how to create their own pieces using the many mediums I already know how to use. I would also bring in people who know mediums I am not so familiar with. I am currently already building a clientele for my beads through the shows I do.

The first year I made $600. The second year I made $3700. This year I have already passed last years sales and still have the remainder of the year to go.

I currently have an opportunity to open a kiask in the base mall but would need a loan to bring in...

hELOO! Grameen Bank was introduced to me today by a German National who now lives in the philippines. He was once onserving our program to farmers of Moringa leifera., since he knew that our team was struggling to pursue helping our farmers here in our area due to lack of financial needs and machinery resources... Mr. Detlef Hennig invite me to llok into the opportunity that your organization is giving to people. already red and view your profiles and it amazes me that much. May please know your procedures on how can we join you. we are farmers of Mringa leifera here in the philippines... As you know this croop is a miracle tree with many uses and health benefits to people. Moringa oleifera here in Bicol region is very potent and fast growing.we see the potential of this croop and the need in the global market. right now we have 204 farmers and almost 1237 hectars of borrowed land to plant our moringa.please help us in putting this project into a livelihood source for our poor f...

1. Workers are paid wages and salaries, just like any other businesses. The non payment of dividends refers to the profits that the business makes. Those profits are not withdrawn from the business, but is instead retained in the business for expansion of products and services.

2. There are many sources of investors. And it is not true that people will not invest if they feel that they will not profit from it. If it was true, then how do you explain the billions that people give away to charity? In a social business set up, investors will get back their investment, but after that they will not receive any further dividends from the business. This is because all further profits are retained in the business for expansion and improvements.

Refering to these 2 points:

Investors get back their investment amount only. No dividend is given beyond investment money

When investment amount is paid back, company profit stays with the company for expansion and improvement

I have a few questions but I thought I shoot just 2 for now.

1) How is the wage for staff working/setting up a social business allocated than?

2) If investors are told that theirs is a non-dividend non-profit being paid to them, how do we really seek out potential private/corporate investors?

Dear Dr. Yunus,

I always use the Seven Principles of Social Business in the course "Why corporate social responsibility Matters" which I have been handling for the past two years, to concretize Socially Responsible Investing.

Thank you for inspiring us with your Business Models and your initiatives to eradicate poverty in this world!

It is excelent, I love Social Bussines
Greetings from Bolivia :D

Dear Yunus sir,

take my regards. I am one of the Bangladeshi student in Finland.I have on the way to complete my masters in sociology.

One matter of my sorrow that when western country talked about our country then they are always get back very negative attitude but when we are talking about your social business and development initative it will shine our face.Really we will be very proud for you.

I have to do my Phd about social business but I donot have enough sources for my reference. if you have some book or article about the social business I really need them so.

If possible how can I get them. wish your all the best, good health, and hope the best.

Thanks and regards

Hossain Md Tareq
jarrumihenkatu 2b 21,
Helsinki, 00520
Finland

I am setting up a social business in the USA, in the State of Virginia. There is no designation at this time so I am beginning with one partner as an LLC. The social goal is extremely large, and I could use some help refining it and making it manageable. Is there any one I could e-mail with on your staff? Or anyone you would recommend I speak with closer to where I live?
Thank you,
Jeanne Catherine

Great principles and we are promoting them in east africa.