BUSINESS

BEYOND PROFIT
MOTIVATION
group 4
 REASONS FOR
ESTABLISHING
BUSINESS
ENTERPRISE
BEYOND PROFIT
1. each day at the office will be motivating
When you’re working for someone else, it can be tough to find
the motivation to do the best possible work. No matter how
much work you put in, the owners of the company will get the
ultimate rewards.

2. You'll be following you passions

Many entrepreneurs start their own business to follow
their dreams and fulfill their passion.
3. You can pursue social justice or support non-profits
One of the most fulfilling parts of becoming an entrepreneur is setting up
your company for social gain. You can opt to support non-profits, charities,
or community efforts with your profits. Or you can set up your business to
solve a problem in your community or in the world at large – whatever your
passion may be. Starting your own business gives you a unique opportunity to
make the world a better place.

4. you can achieve financial independence

Many people commit to starting a business with the dream of financial
comfort. Starting your own business has several financial benefits over
working for a wage or salary. Second, your business itself is a valuable
asset. As your business grows, it’s worth more and more.
5. you can control your lifestyle and your schedule
Starting a business is hard work, and that flexible schedule may not happen
right away. Even if you’re working long hours, however, you know that you’re
doing it for yourself and your family and not for a distant boss or
shareholder.

6. You can start from scratch

This is your business! You make the rules. You’re not restricted by the
standards and procedures of your boss. You can offer a product or a
service that fits your vision. You can also build your company according to
your own ideas.
7. you'll get tax benefits
Starting your own business takes funding and it may take some time to turn
a profit, but you can start taking advantage of some substantial tax breaks
right off the bat. Government programs support small business
entrepreneurship and seek to reward these endeavors with impressive tax
incentives.

8. you'll have a true job security

The stress of climbing the corporate ladder is real. You never know whether
you’ll be promoted or whether you may be handed a pink slip – these life-
altering decisions are in someone else’s hands and beyond your control.
When you start your own company, you know you’re investing in your
future and in your own job security.
9. you'll become an expert at a broad range of skills
As a business grows, you may opt to continue manning the helm for those
tasks you enjoy – whether that’s graphic design or accounting – but you can
outsource those tasks that you dread. You can also turn those skills to new
tasks.

10. you can be creative

It’s up to you to decide what your business will produce, sell, or which
services it will offer – that’s exciting! Rather than following the formula of
those who came before you, you’re looking at a chance to develop a
concept or an idea that nobody else ever has.
WHAT TO IMPLEMENT TO
ASSIST AN EXISTING
BUSINESS
ENTERPRISES
Ethics that a business must have
1. Obey The Company’s
Rules & Regulation 8. Respect Your Colleagues
2. Communicate Effectively 9. Show Initiative without
3. Develop Professional being told
Relationships
4. Take Responsibility
5. Professionalism/Standards
6. Be Accountable
7. Uphold Trust
 unethical workplace behavior
1. Lies
2. Taking Credit for Others Hard Work
3. Verbal Harassment/Abuse
4. Violence
5. Non-Office Related Work
6. Extended Breaks
7. Theft/Embezzlement
8. Sexual Harassment
9. Corrupt Practice
 Advantages and implications of
workplace ethics

1. It can stimulate positive employee behavior and create a positive ambiance in

the workplace
2. Ensures management guides and mentors their employees in a healthy
environment
3. A workplace with good ethics usually strengthens the bond employees have
with their superior
4. It boosts productivity through employee performance and job satisfaction
which in turn increases company growth.
5. When it leaks (which it most likely will) poor behavior can be recorded and
propelled into unsavory headlines online. This can lead to reputational damage
to the brand name.
SOCIAL
RESPONSIBILITY
Be honest
While there is much more to social responsibility, it
does start with good, old-fashioned honesty.

Get involved
One of the most important ways a small business can
showcase social responsibility is getting involved in the
community.
GIVE
Although not a requirement, it has become common for
businesses to return some of their earnings to the communities
in which they operate.

PROMOTE ENVIRONMENTAL STANDARDS

While being responsible is often its own reward, it makes
business sense to promote the things you do that would receive
a warm community reception.
 PHILANTHROPIST AND
FOUNDATIONS
THAT THEY ARE SUPPORTING
Pham Nhat Vuong founded the Kind Heart Foundation in 2006, which gave away $77
million in the first nine months of the year. The funds were directed largely to helping
needy people in Vietnam and included scholarships for underprivileged children and
free healthcare for those unable to afford it. The foundation also built homes, health
centers, libraries and infrastructure for low-income communities, and provided
natural-disaster relief. Separately, his Vingroup spent $55 million on various Covid-19
causes, such as providing ventilators and other equipment to healthcare
organizations. Vietnam’s richest man founded and is majority owner of the
diversified Vingroup, which focuses on automaking, property and technology.
In June, Bhasin joined LivingMyPromise, an Indian group now numbering 94 members, who
must pledge to donate at least 50% of their wealth to charity. Bhasin was partly
motivated by the plight of India’s migrant workers losing their jobs in the pandemic. “In a
country like India, with its stark disparities, it’s incongruous if wealthy people don’t give
back,” he says. In the past year, he’s donated $2 million to recipients such as engineering
and tech-focused Plaksha University in north India and to Medeor, a hospital in Gurgaon,
to treat Covid-19 patients. A former GE executive, Bhasin pioneered outsourcing to India
by establishing GE Capital’s back-office operations near Delhi in 1996. The NYSE-listing in
2007 of that unit, which was spun off from GE Capital and renamed Genpact, gave him a
windfall. Bhasin has earmarked upwards of $25 million for charity.
Li donated $28 million in January to help combat Covid-19 through his Zhejiang Li
Shufu Charity Foundation, which he established in 2006 for a range of causes,
including education, disaster relief and medical aid. According to Geely, the
foundation had as of May (the latest tally available) spent more than $14 million
providing medical supplies such as masks and ventilators to 14 countries including
the Philippines, Sweden and the U.K. The foundation’s other charitable activities
include a $146,600 donation in 2019 to support medical education at Zhejiang
University, and a $730,000 donation last year to his alma mater Yanshan
University in Hebei Province.
THANK YOU FOR
LISTENING !!