‘How do you run a successful, sustainable business in a fragile economy? By creating opportunity.’
‘Better wages lead to improved conditions, which create stronger families and well-made houses.’
By taking care of their dreams. By taking care of their minds. By taking care of their souls. By creating an environment where growth is possible.
To do that, according to Yusuf Amdani, ‘Making impact starts with doing business well. If the company is profitable, it will have the resources needed to support and improve the community.’
‘To create a true impact, we need to shift our mindset away from token gestures. Think beyond one-time, scattered, or small efforts. Look for long-term opportunities that can be carried out routinely and incorporated under the company’s umbrella.’
‘Be on the lookout for ways that your company and the country of operations could scale together. If the economy is set to take off, align your business plan so you can both achieve exponential growth.’
‘When doing business, find the average wage offered to employees in a specific country. Consider offering a salary that is slightly above local expectations. Creating a comfortable lifestyle for workers can increase retention rates.’
‘Don’t underestimate a labor pool that is eager to earn a better wage. You can offer a salary that is slightly above average for the area. Workers pay attention, and compensation is a great contributor to employee satisfaction.’
‘If a local economy is open to your industry, show them what you can do. Focus on the improvements you can make for their area. Point out the jobs you can bring in through your company.’
‘Seek out ways to collaborate when carrying out educational projects. Nonprofits, governments, and schools may be eager to participate in a well-laid-out approach.’
‘Start small and use trial and error to learn best practices. Once you’ve found a strategy that works, seek out ways to expand efforts.’
‘Talk to team members about how to elevate the middle class in the country of operations. Ask them what benefits they would like to see.’
‘The best approach includes maintaining integrity at every step.‘
Source
Yusuf Amdani (2023). World of Opportunity: Bringing Sustainable Business to Fragile Economies
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