We need the right business model to allow fairly rapid growth, formal training for the impoverished, and the mitigation of the risks associated with entrepreneurship among the middle/lower class.
It must be legal/ethical, independent of the government (to prevent bureaucratic paralysis), and what I would call “modular”.
To me, that means creating a network of independent businesses with similar philosophies but unique traits, which would ultimately come from both the operators and the sectors involved.
Here is a VERY simplified version of my business incubator project, which addresses all of the main requirements and sets the stage for a peaceful transition into a new corporate paradigm.
So how does this pyramid scheme-looking business model with an added layer of financial burden, and an otherwise normal-looking incubator approach manage to succeed at influencing corporate behemoths, or even compete at all against companies without an equal, or higher financial burden?
The unabashed leveraging of cancel culture, social responsibility, social sentiment, and social influence. This is where it gets interesting.
What does everyone want?
- Societal Change
What are we getting?
I would argue that we are mostly getting opportunity, which hardly counts as true opportunity because the average person still believes they “can’t become successful”.
The little security they get comes in the form of active income, which not only can’t scale well, but it eats into their freedom and opportunity as well.
The risk of a business gets priced directly into employee wages once the business is off the ground, and people are being pressured to stick with jobs and careers that aren’t fulfilling or meaningful to them because they’re too scared to take a risk.
What do we have already to work with?
- Hunger for a better life
- Opinions (often anti-corporation sentiment),
- Social influence.
How do we use what we have, and turn it into what we want?
This ties back into the business incubator model.
I want to provide new entrepreneurs with EVERYTHING they need to get a business up and running, in exchange for partial equity to be split between a Universal Basic Income fund and a fund for program continuity.
Not just a loan, not just paid coaching, EVERYTHING. I’ll give them a wage, I’ll give them a place to stay, I’ll give them mentorship, and I’ll give them hands-on help from people who are actually capable.
You know, the normal stuff that “pyramid schemes” do… Sorry for the sarcasm.
Small business is NOT as hard as it’s thought to be. Want proof? Here’s what I’ve done by myself with no help, no capital, no skills, no previous knowledge of business, WITH a 20% self-imposed financial burden (for the beginning of a UBI fund), and in 4 months:
Just that one simple test project brought me from $0, to being cashflow positive, paying business expenses for the next two years (at least), owning a small amount of assets, and raising hundreds of dollars ($558.54 currently) for a Universal Basic Income fund.
I know it doesn’t seem like a lot, but this is all from me just playing around with websites… do NOT underestimate the power of the internet.
When the businesses are successfully incubated, and the original mentor(s) have raised enough capital to safely do so, the original mentor(s) split off from the mentee, and they incubate a new business, using a portion of the retained equity as financial support and a financial incentive for serial entrepreneurship. The mentee can choose to stay with their new business, with a financial burden (the equity exchanged for the opportunity), or they can become the next incubator in line and help train new entrepreneurs, in exchange for a portion of equity in accordance with the model.
This will do a number of interesting things:
- Incentivize entrepreneurship by rewarding serial entrepreneurs for “handing over” the reins to their mentee.
- Provide safe opportunities for entrepreneurship by training and financially supporting people who otherwise would never take the risk of entrepreneurship.
- Cause equity to be given up willingly for a Universal Basic Income fund.
How does this force corporate change?
So this still doesn’t explain how to compete with corporations, and prevent foul practices, which some people may choose to partake in instead of working hard for the greater good.
That’s where social responsibility, cancel culture, social sentiment, and social influence come in.
The internet is full of people spending their free time analyzing every move the upper-class takes, and waiting to dethrone the evil “rich” person.
If we can create a network based on this socially responsible model, that assists and caters to the poor (the majority), we can leverage this culture and pressure large corporations to willingly adopt it, or risk facing the wrath of the masses.
If given the choice between a company that willingly supports a Universal Basic Income, and a company that lines it’s CEO’s pockets, which do you think they will choose?
I’d bet the company that gives them the UBI check.
If the network of UBI supporting companies became big enough, and had enough social support, they could essentially create their own bubble of services that excludes socially irresponsible companies, and ushers in a new world order that actually helps the people who need it.
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