To manufacture and sell handicraft products and utilize the money for the benefit of needy children.
Product/service description
Involving children, unemployed adults and women in making different kinds of handicraft products to be sold in the high-end stores and utilise the profit for the benefit of needy children (to...
See More
Product/service description
Involving children, unemployed adults and women in making different kinds of handicraft products to be sold in the high-end stores and utilise the profit for the benefit of needy children (to provide food, clothing, housing and education)
Market Scope/Potential
There are many children who are in the need of help. The NGO is usually involved in the care of these children. Apart from getting grants from big companies, the profit from handicraft business will help the NGO to raise funds for the social service. If the NGO does a good business the extra money will also help it to earn extra profit.
Opportunities
The business is exempted from certain kinds of taxes.
Good opportunity for philanthropists to invest their money into some kind of good work.
Provides employment to many people in need.
More profit in the business helps in the growth of the NGO and thus enables it to serve the society in a better way.
The business allows other people to know about the handicrafts that has long been forgotten. Thus, it helps the rich heritage of our country to grow.
Risks
Convincing people to participate in the business is challenging.
There is a competition among all the NGOs to acquire the best investors so as to get maximum funds.
Merging business into NGO is a difficult thing to do. There has to be a proper business plan with good marketing and a proper board of members to take care of the business.
Entrepreneurial qualities
A person who wants to associate an NGO with a business needs a good planning to merge the two different kinds of jobs effectively. He/she should have good communication skills and an excellent interpersonal relationship to acquire the required funds from the investors. A person who has a good experience in market research will be able to do a good business and also serve the needy.
Conclusion
NGO has good business opportunities if the two kinds of jobs merge well with each other. It also allows people to get involved in social service and work for the upliftment of the society.
Login with Facebook