Sunday, December 6, 2009

Long Blog Essay #2. "Acumen Fund"

In the acumen fund video, “Seth Godin Wants You to Decide,” there are key points that are brought up in how people should go about helping others in poor countries. The speaker Seth Godin, is talking to student leaders about becoming a future entrepreneur and what they could do with this skill. Godin then tells of the goals of the acumen fund. They are to raise money to patient capital, invest in entrepreneurs to make stuff to sell to the poor, and change the world. In expanding on these points Godin gives an example of a person that makes $2 a day and a person that is selling soap for that same price. When a transaction is made both parties win, and make a profit. The seller gets money so they could expand business while the buyer is cleaner hence healthier, so they can spend more time getting an education rather than being sick. I felt that this point was very interesting and it is a good way to think of helping people.
Godin made various points that I felt could really better the economy and provide opportunities for those in need. I feel that people starting up business in poor countries can help them as well as educate them in the long run boosting up the economy of the country your are helping. I also feel that people could really prosper from these adventures since they will be gaining experience in the business world enabling them to recieve jobs in the future.
Godin also brings up the point that the more people selling merchandise from door to door in Tanzania, the easier it would be to build up a culture of commerce that benefits people on both sides. These points are innovative, due to the fact that it brings people to view service in another way as well as open up the door for people to build up more business and expand in their areas of expertise rather than joining in on another company. It is also mentioned that acumen needs good competition so that more people can benefit from their mission. I would not have looked at that in this way, but it makes much sense. The more people competing to become entrepreneurs, sell their merchandise, and build up commerce in poor countries, the more these countries will learn to build up for themselves changing the world for the better.
I think that this organization can really assist people and provide them with opportunities in future organizations. I believe that this will assist the economy in increasing supply and demand as well as the output of several products. I think that there are many ways to boost up economies and this is a good way of doing so. I think this is an indirect way of helping people and it will cause them to prosper in the future. For those that are unsure as to whether to help or not and feel that that others should help themselves, they must also notice some points. If people are unable to help themselves due to a lack of resources such as technology, education, e.t.c. then there is a need of service, and to provide them with those resources that they may be able to learn how to prosper. Direct service should be offering those resources that the disadvantaged need, and then teaching them how to use those resources, so they can live on their own, and learn how to create a stable sustainable environment for themselves.

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