Concept of social business

Social business is a cause-driven business. In a social business, the investors/owners can gradually recoup the money invested, but cannot take any dividend beyond that point. Purpose of the investment is purely to achieve one or more social objectives through the operation of the company, no personal gain is desired by the investors. The company must cover all costs and make profit, at the same time achieve the social objective, such as, healthcare for the poor, housing for the poor, financial services for the poor, nutrition for malnourished children, providing safe drinking water, introducing renewable energy, etc. in a business way.

[@mohammadashiksheikh8921]

Muhammad Yunus sir is our living legend borned in my country which makes me proud. I'm intensively influenced by his social business motivation. Few days ago i just wanted to become an entrepreneur for only make money but now i'm influenced..........we should all broaden our outlook for mankind....

[@OmPrakash-vt6lw]

Something I waited for to be invented. Many of us don't find any meaning in simply earning money. I mean it's good to earn but a part lf us always wants to share prosperity infact multiply it and not to concentrate it to only certain lucky few. Social business is an innovative concept I would love to contribute to it in whichever way possible. This is something that needs to get viral in the world of economists and entrepreneurs. We need to spread this message.

[@sudipsensharma6642]

Hon. Sir, God dnt come in person. He sends representative like you! This is not only Bangladesh's development but the development of Humankind. Your Gramin Bank System & then after is 1 single magic stick to bring all the underprivileged to a privileged status. People eat, wear, walk & sleep with dignity now. Apni ekjon kalyan for manush! Knew about your work & noble prize, but Hon. Amirul Arham's Docu showed in details who you are in very detailed manner. Best Regards Sudip Sen

[@numanabdullah3207]

I'm very happy for becoming a student of your department of your university. you are great hero in the world sir, Respect sir.

[@dannpais3993]

most previllaged to have known your service to everyone. highly repect you, sir

[@farhanniloy7552]

He is a Nobel prize winner.

[@huguex6892]

12 años paaron de este video y sigue siendo una buena idea para esparcir en un mundo cada vez mas egoista,

[@thegamechanger7157]

We make this. It will be good.

[@potentialcomment8541]

When Dr. Professor Mohammad Yunus was a professor of Chittagong University, he first began the micro credit finance or social business under his Grameen Bank among the poor people of the village. He earned a lot of fame and achieved the Nobel Peace Prize as a first Bangladeshi citizen. He is our pride, our glory and our haughtiness. But some black-sheep of our country couldn't endure his fame and earnings. They obstructed him in many ways. One of them is the envious and malignant woman so-called prime minister of Aowami Govt. of Bangladesh. She dishonored him, depressed him, bothered him, insulted him and neglected him in many ways. All people of the world know it.

[@mdshahjahan5446]

Congratulation and Best Wishes to Professor Dr Mohammad Younus Sir.

[@MohamadAmin-qf1os]

আসসালামু আলাইকুম ডঃ ইউনুস স্যার সঠিক কথা বলেছেন ধন্যবাদ জানাচ্ছি ♥️

[@shaistazuberi7835]

Greatest man of economics

[@rajaraf986]

He is my hero I wish his pure heart with great sprit make a huge difference to our society which is must needed for Bangladesh ...

[@boshirmh007]

the great thing about socail business is it's all selfless, so everybody can get envolved and not feel threatened by competion, becuase everybody is trying to help society and not themselves. if people really want to help the first thing they need to do is make sure more and more people know about him and watch his video's on social business and how it has impacted in the world of poverty.

[@80Vikram]

Amazing thoughts, thanks for these awesome ideas

[@yanichelsia1925]

truly genius

[@empresamillonaria]

"I am here to be used for social business..." what an amazing phrase. Prof. Muhammad, this is Sol Gonzalez, and just wanted to say I have never heard about you before, but from now on, you are in my list of inspirational and savy entrepreneurs. I love so much the way you explained and integrated the real meaning of social causes and business and how to creates continuation and social impact to make other businesses improve their strategies. I happened to read about YunusSocialBusiness in Colombia and like what you all are doing there. If there any way, digitally, I can support the businesses in Colombia that you have helped built, feel free to stay in touch. It will be a blessing to put my grain into this as well. Hugs to you.

[@STLEO1]

Great vid

[@swoponbd]

Thanks. I have social business ideas

[@maderobertan3929]

Very inspiring , thanks for your sharing

[@GenerateIncomeEasily]

Such a beautiful and inspiring talk. Thank you, Prof. Muhammad Yunus. I am starting mine - Social Business and this talk came at the right time of take off.

[@dusengumuremyijeandamour4383]

Amazing! Where are you based? You will make it! I have been trying to do the same... as well!

[@GenerateIncomeEasily]

@@dusengumuremyijeandamour4383 All the very best. It surely is a fulfilling trajectory. I'm in SA.

[@dusengumuremyijeandamour4383]

@@GenerateIncomeEasily Nice to hear from you. Thank you for your best wishes and encouragements. SA, a country of Ubuntu! Ubuntu Project is the name of what I am trying to do back in Rwanda. Now I am pursuing my studies in USA, I had some chapters about Muhammad Yunus in my two classes: Globalization I and Globalization II which deal with how we can globally think and reflect on current social problems while we respond and act locally according to our particular context. Do you know Songhai Project, based in Benin? It's an amazing model to emulate.

[@GenerateIncomeEasily]

@@dusengumuremyijeandamour4383 That's wonderful. Good work. I did not come across the information about the Songhai Project. I will dig and hopefully I can follow.

[@dusengumuremyijeandamour4383]

@@GenerateIncomeEasily Yes, you will find out a lot of information about Songhai project, very inspirational. God willing, this year, I will come to SA for my research about Ubuntu philosophy/theology. If you don't mind, I can visit you and see what you are doing as social business. Thank you

[@borkothossan5685]

respect you sir

[@skymartinez6974]

love what he's saying.

[@MarekAndreansky]

I read his biography and history about his bank and didn't need any economic background to understand the point he was making (thou I had a single class of Microeconomy), Go for it, you can always stop reading when it gets dull so there is nothing to be lost in trying:)

[@vickyfonseca3413]

Thank you Sir I have some ideia to star now but the firts i want to make recycle in my country Timor Leste🙏

[@MMAenthusiastUHHE]

Would you recommend this book for someone who doesn't study economics? I just find his words inspiring, but I also want to understand it

[@md.nurulanwar1318]

Sir excellent jobs

[@mashfiqsba7552]

Thank you sir for your contribution.

[@gangunon-matric8752]

He is not Muhammad Yunus he is Muhammad Universe. Bcoz his idea is universal, can be implemented anywhere. All you need is problem and that gives you an opportunity. I will start a social business. Thank you very much sir.

[@emptyBox20]

someday i will contribute to ur idea...i don't know how, bt i will.... promise

[@user-hx3tb2oj4t]

BEBSA STRAT KORECHILEN PORE KONO ?

[@monirhossain8152]

I wonder, like me how many thousands more youth have vowed to do the social business inspired by professor Yunus.

[@Mashiur2590]

🥰

[@rathernot6660]

It's is very close to the Islamic concept of economics and finance.

[@HolloMatlala1]

❤ #eSg KPI's

[@JaimicaInc]

The book is great for all... Especially those interested in business. After reading Yunus' book, we changed our business (vterview.com) to a Social Business. You will never think the same again.

[@rukiahkadir2063]

Asalamualaikum thank brother yunus , very interesting May Alllah bless you and family , I like to start small business to help the poor in my country, I don’t want involved in RIBA , because Riba is big sin , how I started brother ? I have small capitals, insha Allah I have niat to help the poor to improve the quality off lives among our sister , make doa for me May Allah , make easy to pupil my dreams 🙏🙏🙏👍👍👍

[@MohammedAli-mc1dm]

how may i get this book?

[@skmhasanutube]

That Grameen Danone yogurt was out of market after few months of initialing! Is it a failure of social business model?

[@binodmoktan5265]

Iam planing to open social business in future wer i can give free tuition n at same time open gate of e commerce business wer who ever is mi e commerce customer I will give der children to hve free education.so is dis idea related to social business

[@grampawar7932]

I'm gram Pawar I have been teaching small scale business seminar paper bag and supported only abroad marketing business

[@raxino774]

Guess what, the Olympic 2024 are going to be based on a social business model

[@nikhilbhatnagar1603]

Hi Sir, Will you regard the following business as a social business, if we are a profit making business with people's good intentions in mind and only providing services/products which helps our customers in becoming a better version of themselves, while contributing 30 percent of our profits to some needy NGO's or organisations which helps people in distress of any kind (NGO's are chosen through a rigorous process and subject to surprise audits).

[@nikhilbhatnagar1603]

I have asked this question because as a 20 year old who has not yet achieved financial freedom but has a burning desire to do good for the society was intrigued by the idea of earning money while having our stakeholder's best interests in mind.

[@the.abdullah.nouman]

27Apr2023

[@JaimicaInc]

Suggest you read his book "Creating A World Without Poverty"... he explains the definition of each... Current Business Model focuses on Maximizing Profit.... Social Business focuses on Maximizing Social Goals (any profit made is used to expand the business model....which is Maximizing Social Goals...think duplication, here) and to be self-sufficient. If a business is not self-sufficient, it is a Charity...not a Social Business. Cheers, vTerview.com

[@stevenmildred55]

This sounds like a non-profit to me.

[@Shevanchy]

its not selfish.i completely disagree. if there is no business how the world would survive. You must note to promote social business you can not ignore other businesses here you are using selfish dimension and this is not good being a nobel laureate. Thanks

[@MoroccoUnfiltred]

I understand your point, but for exemple the 1% who own the most riches in this world just keep accumulate that money in banks, sleeping money. It could have benefit a lot of people with great potential to achieve a lot of things. They could have make loans with 0% rate but they don't. The model of business used today is very selfish, we accept poverty as part of this world but it's actually a mistake of society, it could be avoided.

[@aarushisingh1461]

what will happen when another yogurt company comes? Certainly selfish interest will be there. And when there will be competition, "social" thing will be used for its publicity.

[@dr.abdullah.noman.]

19Y124D 7063D

[@bdtraveler1565]

i want to be a social business manager and i search a ceo i have many concepts sir if u really have ability to take a step then knock me maybe we'll change the world 🌎

[@susanralph274]

6"00 his body language is violent and danone is very bad for health

[@Hasansajib006]

No its not!

[@arabianhorse9484]

Are Other business unsocial yunus? Bogus man cheat

[@numanabdullah3207]

I'm very happy for becoming a student of your department of your university. you are great hero in the world sir, Respect sir.