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Module 2B – For Business & Economic Development Task Force

 

For people who have chosen to join the Business & Economic Development Task Force, after completing the First Module, you will want to delve deeply into an understanding of the local Business & Economic Development environment.

 

Whatever you’ve experienced in the United States will be significantly different in the developing country you are visiting.

Section 4

How to Create a Self-Generated Prosperity:

While here in the U.S. and before departing on your trip, be sure to explore the material in the Handbook to Generate Wealth. It is a very sensitive and clear guide to working with people in other countries. Print out a copy for all the Business & Economic Development Task Force members. Discuss its implications with your team, so that you have a clear idea of what you will be doing to help the prosperity of the community you will be engaging with. It contents are:
  • 1. Poverty and Wealth
    • 1.1. An Alternative Perspective
    • 1.2. Wealth
    • 1.3. Poverty
    • 1.4. Investment
  • 2. Credit and Investment
    • 2.1. Value Added
    • 2.2. Using Borrowed Money to Create Wealth
    • 2.3. Why Credit and Not Grants?
    • 2.4. What Interest Rates?
    • 2.5. What Sizes of Loans?
  • 3. Group Structure
    • 3.1. Trust Groups
    • 3.2. Umbrella Group
    • 3.3. Training Groups
  • 4. Skills Needed for Generating Wealth
    • 4.1. Planning & Management Skills
    • 4.2. Credit Skills
    • 4.3. Marketing Skills
    • 4.4. Financial and Accounting Skills
    • 4.5. Technical Skills
    • 4.6. Training Methods
  • 5. Running a Successful Enterprise
    • 5.1. Viability
    • 5.2. Integrity
    • 5.3. Good Will
    • 5.4. Sound Planning & Management

Section 5

Community Economic Development

To gain a better understanding and sensitivity for people’s condition, you will want to delve into the existing economic system.

Creating new businesses in the community will require you to understand how the economic system works in the local setting. Some of the answers will be available to you before your visit, other answers will emerge once you arrive in-country. Your first task upon arrival will not be to go into action, but to build relationships with the local community. One of the best ways to build these relationships is to begin asking people what it is like in their community. The Business & Economic Development Field Guide is a short booklet that will help you ask the right questions to help gain important understandings of what is possible and how to help the wealth generation become real. Some of the things to explore in the contents include:

    • Financial Analysis
    • Entrepreneurial Analysis
    • Business Opportunity Analysis
    • Skills Analysis
    • Risk Analysis
    • Sales & Marketing Analysis
    • Negotiations Style Analysis
    • Value/Supply Chain Analysis
    • Strategic Analysis
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