Business Ideas

Business plays an important role in the development of society; by developing natural resources and human talents, markets and brands, by creating jobs and collecting and paying taxes into the local and national treasury. The treasury, in turn, funds the public budget for healthcare, education, security, infrastructure and other key social programs to benefit all inclusive of workers, managers and of course, the business.

Business Education

Most developing economies put very little emphasis on developing new industries or sectors, focusing instead on strengthening existing revenue streams. Business is the driver of economic expansion, investing funds, time and effort into opportunities for a calculated return. Yet, so call business educational program produces mostly managers and other specialists in management such as, accountants, HR, procurement, etc., conservative by nature. Risk is at the root of returns, and without risk-takers, an economy is at the mercy of current foreign and domestic market forces without the essential component, hope.

Financial Crimes

An uninformed and risk adverse public, in an expanding economy, is fertile ground for financial crimes. It is when the economy slows and expectations fail to materialize that the blame games cause financial runs and court matters.

The rules and regulations governing the financial sector must not only police the institutions and their products, but must educate and in fact, test the financial literacy of each and every investor or depositor via the products prospectus. Mandated by law and administered by an independent organization without any vested interest in promoting one product over another. Failure to achieve and demonstrate a minimum standard, as to how a particular instrument should work, must lead to the disqualification from participating in such products, hence protecting a vulnerable public and avoiding future bailouts or legal actions.

Minimum Wage

Educating the public, from a very young age, as to what is involved in a decent and acceptable standard of living, along with their collective and individual responsibilities to maintain, grow and develop their society. No one should be left behind; education must reach all, with meals and healthcare provided, and other social services to reach the most vulnerable. No one should be too far in front; taxing the richest ten percent of the population, will reduce immoral activities, and help finance social programs.

A standard of living that is firstly, made possible by marketable production, not just productivity for the sake of reducing unemployment statistics, generating revenue from the sale of goods and services that are financially viable to produce and is clearly in demand. A standard of living that is secondly, evenly divided geographically, across all preferred economic sectors and, more importantly, seen to be fairly distributed amount all in the society, building a majority of middle class citizens.