Wednesday 29 August 2018

5 BENEFITS OF ENTREPRENUERSHIP TO THE SOCIETY



   Entrepreneurs have much to offer to the society. Their contribution to the welfare of society is immense. A business person apart from making money for him or herself also helps the society in many ways financially and socially.

1: Financially, of course the respective country benefits by the business carried out by entrepreneurs. At the same time many of the welfare activities of the businessman or woman
improves the living conditions of the people of that particular society. Sponsorship; Many business people sponsor a candidate for higher education or fund a child in an orphanage. In fact, many orphanages are backed by these business people. Scholarships are provided to a
poor student for him or her to avail of better educational opportunities.

 2: Charitable institutions: A businessman or woman sets up various educational, medical and vocational training institutions to provide the less privileged with benefits which they normally cannot afford. The fees may be less or waived in the case of a meritorious student. Hospitals are also run by these charitable institutions.

 
  
3: Welfare programs: A businessman or woman financially contributes to various welfare programs, like helping the blind, orphans, widow etc. In times of crisis, they help by donating items such as blankets, clothes, medicines.
       
  4: Advisers to respective government: Many successful business people participate in government activities in order to promote the well-being of the citizens. The government often seeks their advice on certain social and economic activities.
                  
  Business is essential for the progress of a nation. A successful businessman or woman is an asset to the society. He or she can contribute to the well being of a society in several ways that improve the living conditions of the people.

BY STEPHANIE ERDOO HEMEN

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