Our Need: Conscious Entrepreneurship

Nepal holds the splendor of beauty, what it lacks is the glory of actions. We need actions.

It’s commonplace to conform to the norms of society. What’s hard is to confront the status-quo. The challenge is not to overlook the problems but to nurture a perspective that seek opportunities hidden within the problems.
Pessimism about opportunities in Nepal is now a fad and going abroad a fashion. This trend, fueled by poverty and failure of governance is a definite recipe for societal downfall. This needs to change. It’s urgent. And, as agents of change, change we shall.

“But why?” You may ask
Today’s first world economies made the move towards present-day prosperity when the 2nd Industrial Revolution began circa 1850. With technological and economic progress came unprecedented sustained growth and increased average income — which translates into a better quality of life for the people. This is a revolution Nepal is yet to see.

While we were still playing catch up with the Industrial Revolution, facilitated by globalization, the Internet Revolution decided to show up, narrowing down the playing field. Now, not only are we left with the challenge to match the “impact” of widespread social progress during the Industrial Revolution but also to emulate the pace of the “nternet Revolution.
Let’s take a step back and take a bird’s eye view. A harmonious sync between the public sector, private sector and development sector, the three pillars of an economic eco-system, is paramount for any modern society to perform optimally. Is our government in place? Are our businesses socially accountable? How is our development sector being funded?
I want you to answer the above mentioned questions. Think. Be truthful.

According to the Ministry of Finance, there are 1008 projects currently running in Nepal. The committed amount to these projects is $10,446,119,251, of which $5,172,835,499 has already been disbursed. Now, that’s a lot of money. A lot.

This is ample to make significant reforms. All these projects are charity or donation-based. What we fail to recognize is that we are now dependent on foreign aid. This is the system we tread in when dealing with social issues. This cripples us. We need to create our own resources.

But how?
Before we jump in to the “how”, it’s important that we question the social accountability of businesses here in Nepal. I don’t have a clue as to what your response to that would be but I suspect that it would be an oxymoron when I tell you the solution to my previous question on how to create resources –the answer is businesses.

Let me explain. What does a business do? It adds value and makes a profit. In other words, it creates wealth — not only is a resource in itself a resource but also a facilitator of resource creation. It is the only kind of an entity that creates resources. In fact, all the donations and aids that we receive had to be earned by some business entity as their profit before it could be passed on to us.
As for the public sector (the government), they are busy with the constitution.

So far we’ve established that:
Issues of basic necessities exist in our society.

The system we’ve chosen to deal with these issues is making us dependent on foreign aid.
We need our own resources and businesses are the only entity that can actually create resources.

Take a deep breath, relax and now imagine this — what if we created a business which not only created resources but had social accountability and responsibility built into its core value system, more than just corporate and social responsibility.

Imagine creating a platform where the present day abroad-goers saw opportunities in Nepal while solving the problems that we already have — it’s already being done. Imagine keeping up with the pace of today’s internet-facilitated globalization with a value system of social accountability and responsibility. This is the change we need. This is where we need actions.

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