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What kind of issues or impact to start up a new business on society?

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Question added by sitara yaseen , teacher , differ
Date Posted: 2019/02/21
محمد عبد المهيمن
by محمد عبد المهيمن , محام | مدير المكتب , مكتب الاستاذ اشرف عبد المنعم عوض المحامي

In theory, new business has a positive impact on society. Nevertheless, few new businesses succeed. One of the reasons for the failure of many new businesses is their loss of the "Social Impact Factor".

The Social Impact Factor at this time exceeds the ability of businesses to create new jobs. Nowadays, the impact of a new business on society should be very strong. It should be similar to Uber's social impact in transportation.

Conclusion, new business has a positive impact on society. However, the success of the business and the way the community benefits from the same depends on exceeding the creation of new jobs.

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