Technology Business Startup Companies Help Social Causes
On behalf of The Law Office of Lynnette Ariathurai, A Professional Corporation posted in Business Formation & Planning on Thursday, April 17, 2014.
Technology has helped society in many ways, particularly in terms of business and industry. However, what many people may not realize is that technology can also help in social causes and philanthropy in California or in any other state. Nowadays, it has become increasingly more popular to create a business startup centered on helping social causes through technology.
The economic environment has finally reached a new era which offers ample opportunity for funding social causes and philanthropic endeavors. Several entrepreneurs in the technology industry have found this to be the case and are now attempting to capitalize on these opportunities for the good of society. They are using recent advancements in technology as well as demographic shifts in order to alter how social causes obtain funding.
One technology company focused on social causes is RaisedBy.Us which is a software platform which helps employees donate to social causes. One of the founders is also a director at another mobile app company, Two Toasters. Another technology startup focused on social causes is Amicus, which helps non-profit organizations with fundraising and advocacy through new software products and services. The founder of Amicus was recently recognized by Forbes for his accomplishments and ventures in social entrepreneurship.
On the other hand, it does not matter how well-meaning a new startup business is; if it does not have a strong business plan, the chances of its success is significantly lower. A good business startup plan should include a comprehensive marketing strategy as well as a fundamental understanding of one's target market's demographics in California or in any other state. Also, a business plan should include a risk management strategy which ensures compliance with any applicable rules and regulations.
Source: Forbes, "Digital Startup Founders Weigh In On Scale, Funding And Philanthropy", Tom Watson, April 15, 2014