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Wednesday, Jul 30, 2014

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Treat social enterprises as normal companies

The Straits Times | Wednesday, Jul 30, 2014

IT IS an anomaly for businesses to call themselves a "social enterprise" or say they require funding so they can help people make money ("Call for more regulation of social enterprises"; last Tuesday).

There should not be a "social enterprise" classification or relief for them.

They should be treated as normal companies.

It is commendable that they have found a way to make money by helping others, but ultimately that is their chosen business model.

The model gets them lots of good publicity, and this helps bring attention to their business.

The good karma they get should offset any relief or funding by the Government.

If they require funding, they can seek private investors or venture capitalists.

After all, if their idea is good, there should be no shortage of investors.

People should help others because they are in a position to do so, not because they can benefit more from it.

Lim Wei Kwang


This article was first published on July 28, 2014.
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