How do we, as a species, incentivize caring about the future of our race and the planet we currently inhabit? We desperately need modern and forward-thinking problem solving in business that takes full advantage of proven economic incentives, technological advances, helps clean up our world and combines success with moral courage to do what is right and just.
We can apply these same formulas to solving major global problems that affect billions of lives. This morally responsible and motivational course of action is what I call need-based capitalism. Products and/or solutions are based around basic human need, not want or desire for non-essential luxuries. The only additional criteria required to add to the already proven-successful, incentive-based structure that in turn will affect positive change and provide solutions to macro problems, is the development of these businesses strictly around solving the problems themselves. This providing of responsible and sustainable solutions, in fact, and synergistically, is also makes for a strong business case. In other words the size of the problem directly correlates to the market size and business opportunity.
Here are tangible steps entrepreneurs can take when choosing a course of action or implementing an idea:
The ability to sell your solution is as important as the idea itself. You must have your own vision and stick by it. If you do not believe in your idea, you cannot sell it to investors, distributors, retailers and most importantly, consumers.
If we don’t change our global approach to business then the problems that have been created by a dated way of thinking will persist and multiply. Dependence on fossil fuels is a perfect example of a thought process that is fraught with an old way of thinking, diminishing returns and dangerous environmental affects.
I urge more entrepreneurs to look outside of focus groups and instead at real world problems to create businesses that assist our global network of brothers and sisters in need. There are a plethora of issues to resolve in the developing world, the end result of which will be a better world for all. So step away from your immediate surroundings. Travel to Congo, Nepal, Haiti, Bangladesh, Malawi, and Myanmar and see what people are missing that you take for granted in your own life. It is only by immersing yourself in others’ environments that will allow you to fully understand the issues. Here is where you will come up with solutions that help people, planet, future and yourself.
Author Bio: John Salzinger is a serial entrepreneur and a seasoned expert in sales, media, business and technology. He Co-founded MPOWERD Inc., a fast growing, globally distributed micro energy solutions B Corp. John devotes himself to overall strategy, product development and maximizing the global distribution of MPOWERD’s innovative lighting solutions as well as developing critical strategic partnerships.
Having begun his professional career in fashion photography, John worked in the global print market before shifting into television as a News Editor and Master Controller for ABC World Television News. Adapting to changing technologies, John became a Multimedia Producer, writing, editing and producing his own voiceovers for Associated Press Digital. Moving beyond news and into finance, John was instrumental in opening the NYC office for Heartland Payment Systems (NYSE: HPY) and subsequently founded Platinum Processing, an ISO of EVO Merchant Services where he hired and managed a staff of Sales Representatives, Value Added Resellers and supported hundreds of clients Nationwide. Before co-founding MPOWERD, John was a consultant at Clever Rooster and a Director of Sales and Content at social, local, mobile, tech start-up, gopogo.
John is an avid surfer, basketball player, beach bum and yogi. He holds closely his beliefs in true equality between all people and balance in life.
Can you believe it? It’s almost the end of the year! 2024 has flown by…
There has been a lot of buzz about BOI (Beneficial Ownership Information) and what it…
Many businesses make the mistake of trying to look bigger than they are, sound more…
With inflation and interest rates higher than normal, small business owners watched this year's election…
When the economy isn’t doing as well as you’d like, you lose a client or…
Social media is one of the biggest topics in business. It seems like every day…