Start-Ups Must Be Socially Beneficial

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Start-Ups Must Be Socially Beneficial
J S Broca, Teacher, India, Member
Start-ups are generally associated with high growth, technology oriented companies in which investors are interested due to their risk-reward profile, low costs, higher risks and high potential for ROI (Return on Investment). Merely having an idea up your sleeve is not sufficient. Its commercial potential has to be seen. Rarely we come across start-ups which yield huge returns to their creators and investors - such as Google. What is more relevant in today's times is that start-ups must be socially beneficial. If a start-up is successful in raising the standard of living of the common man, I feel it has served its purpose. Mohammad Yunus' Grameen Bank project which won him the 2006 Nobel Peace Prize indicates that to be successful, a really useful start-up must be low cost and have the ability to transform lives and resolve social inequities in our society. I am also reminded of Warren Buffet's recent letter on Berkshire Hathway's website, where he offers two good lessons for start (...) Read more? Sign up for free

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Start-up Companies
Summary
Forum
Strategy for Start-ups: The Entrepreneurial Strategy Compass
5 Development Stages of Small Businesses and Start-ups (Churchill and Lewis)
🔥4 Sources of Sustainable Growth and 3 Engines of Growth for Startups
The 4 Main Tensions in Start-ups
The Three A's of Metrics for Validated Learning of Lean Startups
Best Practices
🥇Creating the Foundation for a Later Success Culture in Start-ups
🥈Pitfalls in Financial Planning of Start-ups
🥉Why Start-ups Prefer Short-term, Internal Financing
Heavy Competition is Beneficial for Startups
Start-Ups Must Be Socially Beneficial
Life Cycle of New Venture. Growth and Transitions


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