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In an age of breathtaking technological progress and dynamic social change, poverty remains stubbornly persistent. Fact 4: Off-the-books businesses have value for society Poor entrepreneurs often start what economists call “informal” businesses – enterprises that aren’t registered with the government and that operate under the radar.
Now, imagine you’re the book’s heroine, Dagny Taggart, the world’s best hope against the descending dark age, where productive members of society are drained by leeches who control the levers of government and law. If you don’t know your purpose, discover it now.” The Universe Has Your Back by Gabrielle Bernstein.
When I read it in 2015, I was working both a full-time government job and launching a side business that would eventually eat up 80 hours of my week. You can’t handle the website, sales and marketing, customer service, bookkeeping and taxes, build partnerships, and grow the business by yourself. Bookkeeping and some accounting.
The board of directors provides governance and oversight and may also get involved in fundraising efforts. Since the organization must answer to various entities (board of directors, stakeholders, government agencies, etc.), They can suggest improvements to existing technology and optimize all resources.
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