Startups are seeds being planted in our world that can lead to substantial change for society and the economy.
Think about it. New companies are being formed. Not all are ground breaking, yet they are all capable of bringing about the same amount of change.
1. The Power of Team
All companies are composed of people. Startups are in full bloom and build on the teams they have bit by bit until they reach a scale large enough to have full time employees. They are the ones to start treating this newly injected human capital differently from the way hierarchy and organization charts have been built in the past.
They have the chance to instill collaborative leadership methods to allow employees to be part of the decision-making process from the get go, allowing channels of communication to be multiplied and crossed. Consequently, employees become part of the result.
2. Redefining Finance
In the beginning, they seek funding through the usual financing channels: financial institutions, angel investors, funds, contests and various government programs.
What if these new waves of startups are able to reinvent financing outside traditional means as we see with the use of crowdfunding for financing.
The social economy is rising as is challenging the status quo and attempting to solve its caveats.
3. Keeping Jobs Local
Startups can also slowly implement processes and measures that can have an indirect or direct impact on society’s priorities. For example, ensuring that outsourced work is conducted by people in countries with properly enforced labor legislation.
4. Protecting the Environment
Perhaps the startup needs to use materials for its product and can decide that these materials must be environmentally friendly. Its the cumulative effect of all startups that can create a movement for change. Change will come from the bottom and the numbers multiplied for such willingness is what will create an impact on a global scale.
We will take a look at these themes more deeply in future posts. Stay tuned.