Business Plan on "Social Entrepreneur"

Business Plan 3 pages (1143 words) Sources: 3

[EXCERPT] . . . .

Social Entrepreneurship

Briefly, our plan is to come up with a company to provide retired and/or retrenched professionals with a platform to equip students towards intellectual and professional development of social entrepreneurship skills. Up front, we are confronted to justify this decision. In terms of pros, we are choosing retired teachers and professionals due to their years of experience in the field of social entrepreneurship that will benefit the students. In addition, while social entrepreneurs do make money from what they do, retired and older teachers and professionals present more of an image of a not for profit. As we will see later in the commentary, this will help to overcome problems in the Singapore context.

However, in terms of cons, older personnel may require extensive retraining, particularly in new technologies such as Powerpoint software or social media technology platforms such as Facebook or Twitter. The retraining has to be accomplished before they are on the team. Of course, this downside will be far made up for in terms of their ability to provide the students with social mentoring.

It is our goal to provide students with a fun, interactive and exciting method to learn skills, aiming to provide them with a break and fun among their stress study life. In the commentary, we will link the document back to entrepreneurship theories to illustrate the theoretical basis for key decisions. In this way, we will see the benefits from recruiting retired professionals with experience as social entrepreneurs.

The SE Training Center will offer classes in social entrepreneur skills that are general in nature and not of a specific market niche in an interesting way that is not dull to turn them on to the positive potential of social entrepreneurship skills. This is to be done in coordination with the Singapore Ministry of Education and will provide grants of up to $10,000 per junior or secondary college, $50,000 per ITE college, or $100,000 per polytechnic college. It is the aim to attract retired professionals and teachers with social entrepreneurial staff to man the program. The organization selects retired teachers as volunteers who help teachers and students and on school campuses learn the skills of social entrepreneurship. In this way, the organization will be pushing the ideas of a sustainable type of approach and a cross sector where the organization will hopefully involve government, schools, and NGOs. ultimately together in social entrepreneurships. The benefits of recruiting retired professionals is obvious. They have done this before and will be injecting their years of experience into the mix.

The Singapore Context -- the NKF (National Kidney Foundation) Incident

Allegations in July of 2005 concerning the scandal were about false declarations on the amount of the NKF's financial reserves could last and a number of other allegations. This caused a toppling of the organizations leadership and a falloff in donations from primary contributors (Hian 2007). Originally, the Singapore business community was very enthusiastic about social entrepreneurship and marshaled vast resources to help in making the context a success until the advent of the NKF Incident, chilling the traditional willingness and ability of Singapore's citizens to support charities and social entrepreneurial efforts (Leong 2006).

Much of this reaction was due to the local Singapore community's lack of experience with the U.S. And the U.K. model of social entrepreneurship where the organizational CEO's are paid well to motivated them to do well in fund raising and in managing… READ MORE

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