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How Can I Start My Own Business?

Strategy Driven

The nature of the business world is a competitive one and thus requires the right amount of research if you plan on entering it. What is the population size of the consumers you plan to market to? What do you plan on charging for your product or service? Develop a Clear Business Plan. Conduct the Proper Research.

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How to Raise Money as a Business

Strategy Driven

To prepare for raising money, it is essential to be clear on your business plan. This plan needs to clearly outline your company’s goals, operations, and financial projections. Try to build an understanding of the potential risks and challenges your business may face, as well as how you plan to tackle them.

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The Microfinance Contagion Scenario

Harvard Business Review

So far, the Andhra Pradesh (AP) microfinance crisis has largely been viewed as a local issue, with relatively little impact beyond AP or India's borders. Other microfinance crises, in Bolivia, Nicaragua, Nigeria, and Bosnia, have not spread beyond the borders of a particular country. That could likely have consequences.

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How Large NGOs Are Using Data to Transform Themselves

Harvard Business Review

“At the time we started our new global strategic plan, we calculated it would take well over 100 years for most of the countries where Habitat works to eliminate the quantitative and qualitative housing deficit at their current rate,” said Weir. A critical part was adapting a proven model in a related field: microfinance.

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Global Entrepreneurs Need New Funding Models

Harvard Business Review

"We wanted to do this because we recognize that small enterprises are a very significant engine for development; they create employment, which tends to be more sustainable and better paid than you would find in the more informal microfinance sector," says Oxfam's Nicholas Colloff. But times have changed.

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Funders Can Give More than Money

Harvard Business Review

Six years ago, David and Donna Allman approached Opportunity with an idea that fell outside our traditional microfinance model: to build a Community Economic Development (CED) program in Nicaragua. On a recent trip, he briefed me on his business plan and on the school's operations with the maturity and confidence of a seasoned entrepreneur.

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An Approach to Ending Poverty That Works

Harvard Business Review

Microfinance and other market-based interventions don’t generally reach them. Unfortunately, these trends still have little to no impact on the lives of a critical and chronically marginalized subset of the extreme poor around the world, those living on less than 60 to 70 cents per day. And we may have found a way to do this.