People's Corp - Screw Profit
Publicly owned, not-for-profit retail stores with food and everyday products.
About You
Background Information
First Name
Peter
Last Name
Petrovcic
Twitter URL
Facebook URL
The competition is only open to people between 18-34 years-old and resident in UK, Ireland, Sweden, Denmark or the Netherlands. Does this apply to you
Country of residence of entrepreneur
UK
Tell us about your personal background. Why are you passionate about this issue? Making an idea a reality takes innovation, dedication and strong leadership. Do you have the necessary entrepreneurial skills to realize your vision?
About Your Organization
Organization Name
Organization Website
Organization Country
United States
Country where this project is creating social impact
Slovenia, Kranj
Is your organization a
Please select
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Innovation
The Need: What problem are you trying to solve?
I want that people themslefs are getting involved intp changing the way profit is shared.
Whith my concept we can help those close and below powerty with more accesible (chepaer) everyday products and we can also help to our local community producers to keep them running and employing.
The Solution: What is your solution? Be specific!
My idea is that we have to create totally new and our own (peoples) economy, such an economy that will be independent from existing corporations that are profit driven. It is even not so difficult. We just have to do it.. Every local community should establish new not-for-profit company with as much people possible as founders with small shares. Imagine, in Slovenia we have only 2 mio population, if 500.000 of them would participate 50 EUR a company with 25 mio EUR capital is born.
This new Peoples Corp. should has priorities. First to help those living under or close to the line of poverty. A small, simple retail shops can be established easily where product would be sold with no or very little margin. Second priority is that majority of the products should be purchased only from local community producers - this will help keeping them alive and create more jobs.
The Model: Walk us through a specific example of how your solution makes a difference; include your primary activities
Invite all people to participate in collecting funds to found a company. Everybody becomes shareholder.
Company establish very simple/basic retail stores for every-day products that every family need. First company source the product from local producer and opreate with MINIMUM gross margin. Later company can start also with production of certain products and also create jobs.
Because gross margin will be at minunum level, such retaile stores will offer bread, pasta and similar every day products/food for much affordable price then current retailers. This will help to the poor people.
The Marketplace: Who are your peers and competitors? Identify others also working to address the needs you are and what differentiates you from them. What challenges could these players pose to your success or growth?
Market are all people with under average family incomes. No competitors yet at this level.
Select the stage that best applies to your business
Operating for less than a year
This Entry is about (Issues)
Social Impact
What is the social impact you have had to date and how you measure it?
Project is not yet active. It can heve huge impact on the way how we see economy.
Sustainability
How does your model address financial, social, and environmental sustainability?
We will not be a profit driven organisation. Gross margin on a products level will only cover the organisational costs.
Awareness & learning
How do you see social entrepreneurship contributing to the improvement of developing countries?
It is the only type of business htat can help to solve all those issues.
What aspects of your stay in Uganda as part of the competition do you think you will find most challenging and rewarding?
I can't wait to hear all those great ideas that will be spoken there.
 | 15 weeks agoPeter Petrovcic updated this Competition Entry. |
| 15 weeks agoPeter Petrovcic submitted this idea. |
