Free Essay

Online Venture

In: Business and Management

Submitted By soccermom
Words 2558
Pages 11
April 26, 2014

Introduction
This paper describes the online business venture of Triple H, Inc. Triple H, Inc. is a nonprofit organization dedicated to the orphans and children living in poverty around the globe. We strive to provide the basic necessities that many of these children are doing without – food, shelter, education and medical care. Through the generosity of our many individual and corporate donors, we are able to provide these essentials to many children every year. Triple H, Inc. is run by a staff of volunteers around the country who are compassionate about the work of Triple H, Inc. and are committed to caring for as many orphans and children of poverty as we can.
Overview and Mission
Triple H, Inc. is dedicated to the needs of orphans and children living in poverty and helping to transform their lives. Our mission is to provide relief in times of emergencies as well as to provide assistance in the areas that will make a difference to the children in the years ahead of them – areas such as the children’s living situation, physical, educational and emotional needs.
We provide food and shelter for children in orphanages and those living in poverty with the help of our sponsors and volunteers across the world. Not an easy task but we aim to find a long-term solution to improve the lives of and reduce the number of children in poverty. At Triple H, Inc., we strive to transform the lives of these children in an effort to help them become productive, healthy, independent members of their communities and to assist in setting them on the right track to improving the lives of others around them. Currently we aid children in

Singapore, Saudi Arabia and other Asian countries but hope to expand those services as donations allow. Triple H, Inc. is dedicated 100 percent to the children and is comprised of a small staff, volunteers and partners who are compassionate about caring for those who have no one else.
Triple H, Inc. takes the initial step by talking with children and others in their communities on the problems they see affecting their communities. We want to understand what the problems are before we can design a plan to begin the recovery process. Once a plan has been designed and implementation started, we monitor the success (or issues) with the plan and evaluate its effectiveness or need for improvement. We call this our Triple H plan and process. Triple H encompasses the Head, the Heart, and the Hands (Triple H). Our plan is monitored, evaluated and revised based on knowledge and experience (the Head), everything we do for these children and communities comes from the Heart, and we are not afraid to get our Hands dirty and are fully involved in the day-to-day implementation of the plan at the beginning and as a support and resource as the children and community gain steam in their progress.
Unlike many other organizations, we focus on all the issues affecting the children – not just one. If a child is not getting enough to eat, we set about designing a plan to ensure that the child never goes hungry again. If that same child is not attending school, our plan will incorporate strategies to help overcome the reasons for this. We do not do this blindly. We find out why a child isn’t getting enough to eat or isn’t attending school. Is the child not eating because there are too many other children in the family or not enough food at the orphanage? Is the child not attending school because he/she does not have any proper clothes to wear, supplies needed to be successful as a student or perhaps no transportation to get to the school? Once we can understand the underlying reasons, we can develop a program that helps to overcome those problems and sets the child off on the right foot. We must do a root cause analysis (RCA) to find out what exactly is causing the issue and from there the RCA will help lead us to a more sustainable solution.
Online Business Model
Triple H, Inc. does not have a brick and mortar building rather we operate from our homes or shared/donated space and online. We produce brochures, educational materials, and funding/fundraising opportunities which are posted on our website (www.TripleH.org). We hold meetings and informational sessions at donated space and take advantage of any opportunities to keep our expenses to the very minimum. As with any business venture, we do have expenses and must rely on a revenue stream of some sort to keep us in business and able to help the children of the world.
Our program is designed in such a way as to not rely solely on the sponsorship of businesses, individuals and communities, but rather we utilize these sponsorships as a foundation. This foundation allows us the leverage to secure corporate gifts, grants, sponsors and individual donations. As a nonprofit organization, we do not fit the traditional business models but even so, we must be able to secure funding and be able to cover the expenses of running a business. The sponsorships, grants and individual donations help us to accomplish our goals. At Triple H, Inc., we understand how every dollar can help transform a child’s life and as such, we are very careful in how we use those dollars. We strive to keep our overhead costs as low as we possibly can and still continue to provide the best possible services to these children. For every dollar we receive in donations, grants and sponsorship, approximately 65 cents is sent directly to the field. From that initial dollar, we spend approximately 15 cents towards our fundraising activities and administrative expenses. The remaining 20 cents is invested in a global infrastructure in such a way as to help us secure and distribute corporate donations, governmental grants and individual donations of a sizeable amount. By investing in the global infrastructure, our 20 cents will be increased to approximately 50 cents worth of goods, funds and grants. As we do this for every dollar in donations, Triple H is able to provide the care and services to the children and communities and still maintain the ability to cover all necessary expenses of the business.
Cultural Appeal Summary
Orphaned children and children living in poverty is a global crisis and worldwide there are approximately 150 million orphans (Orphan Coalition) who need to the support, care and companionship that Triple H, Inc. can help provide. Nearly 400,000 orphans die every year of malnutrition and there are nearly 42,000 new orphans every single day (Orphan Coalition). A serious global crisis is upon us and whatever Triple H, Inc. can do will perhaps make a little progress in the fight against children in poverty and living in orphanages or on the street.
Our reason for existence is because of this and because orphaned and abandoned children are often outcasts in many countries. As such they are at the mercy of those around them and unfortunately they tend to be the victims of poverty, sexual exploitation, preventable diseases, malnutrition and even slavery (Orphan Coalition). Through the work of Triple H, Inc., we are able to provide some of the services and essentials these children are most in need of. We are able to send food, medical care and professionals, and others who are able to provide the support and care to these children.
Many of the orphaned children have one parent still living or if both parents have passed away, these orphans may also have aunts, uncles or grandparents. The question is why then are these children orphaned? The reason is poverty (Pinkcanuck). Even though the parents or extended families are aware of the life these children are likely to endure, they simply cannot afford to care for the children and therefore turn the children over to the government. There is also the high number of orphans which continues to creep up. These children are at risk of starvation, poor health, lack of education and more. In South Sudan, it was noted that nearly seven million children and families would be at risk of starvation as food is scarce and shelter is hard to come by (World Vision).
Although there are millions of children internationally, there are approximately two million children in the United States that are classified as orphans (The Orphan Society of America). This is an epidemic that affects everyone regardless of which side of the world he/she lives. Domestically children are orphaned at an alarming rate, many of which are orphaned as a result of a violent act (The Orphan Society of America), and internationally children are being orphaned or relinquished to the government when families cannot afford to keep them. Culturally, we are all in this fight together. Some countries are simply not in a financially secure position in which to help these children. The benefit to being a State-side corporation is that we are able to help children in a number of countries, including our own, without political bounds. Triple H, Inc. makes sure to follow any specific governmental laws when we begin a case study of children or a community of which we wish to help. We encourage the involvement of the

local governments, businesses and individuals who wish to become a part of Triple H, Inc. in our quest to bring some relief to the children and those in need.
As with any internationally focused venture, it is imperative that we abide by all governmental laws. Triple H, Inc. has meetings with the government, child services organizations and other entities in order to ensure that we are not committing any ethical errors when we begin a project in any given country or community. Ethical issues that Triple H, Inc. must be cognizant of would include the compliance with any laws, the protection of the children and obedience of any and all rules relating to the safety, care, privacy and involvement with orphaned children. Our honesty, loyalty and strong business sense and reputation helps to ensure countries that we are above-board and are not a threat to their community or their residents including the orphaned children.
Potential Online Risks
As a nonprofit organization that solicits funds from grants, corporations and private donors, we have to be careful about the privacy of our donors as well as protection of the funds we collect. We have in place firewalls in our website for protection of the data we collect from those who donate. As with any online venture, we have to be cognizant of the risk of cybercrimes, hacking and spyware that steals information about our sponsors and donors. Triple H, Inc. has a strong information technology group that has worked diligently to write code that is designed to protect the information we gather from our donors. We do not sell nor provide any information on our sponsors. Triple H, Inc. abides by The Organization for Economic Cooperation and Development (OECD) Privacy Guidelines to ensure we comply with the Directive on Data Protection (Rustad 2009 p 240). We must obtain and maintain private information on our donors and the compliance with this guideline ensure that we protect the

donors’ information in a safe, secure manner. We provide in writing to our donors and sponsors that their information is private and will not ever be released or sold and we adhere to this agreement. In compliance of the Gramm-Leach-Bliley Act (Rustad p 236), Triple H, Inc. does not disclose any financial information on our donors, sponsors or others without written consent. Private account numbers, personal numbers such as social security numbers, and any other personal or business information is encrypted online which prevents any member of Triple H, Inc. from abusing this private information. Donor information and contributions are recognized by donor identification number on all documentation in our files. Our bank is the only one in which more information is available in order to process a donation.
Copyrights, Trademarks, Patents or Trade Secrets
Triple H, Inc is a trademark name and as such is registered with the U.S. Trademark and Patent Office. Any documents produced specifically by Triple H, Inc. are protected under copyright laws and identifying disclosure of such is on our publications and website.
Photographs used in these publications or on the website are also protected under copyright law and full disclosure of such is readily available on our website and related documents. Triple H, Inc. does not require any patents nor do we have any specific trade secrets. Our business is quite open in our quest to help those who do not have anyone else.
Potential Benefits
The potential benefits speak for themselves. The children, orphaned or living in poverty, benefit from the assistance we can give in terms of educational, medical care, safety, food and shelter. Governments benefit from the cross-collaboration of protecting and improving the lives of children around the world. Our corporate donors receive tax benefits by donating to a nonprofit organization, as do our private donors. All those involved in the mission of Triple H

benefit from the knowledge that their Head, Heart and Hands (Triple H) have gone into the improvement of the lives of children all over the world.
Conclusion
Companies regardless of their business model, organizational structure or location (i.e. brick and mortar or online) must be very aware of the rules, laws and regulations that affect doing business domestically as well as internationally. Businesses must consider the diverse cultures they may be doing business with, the rules and laws of any given country and adhere to all applicable laws and acts. An act or method of doing something may be perfectly acceptable in the United States but not so much in a specific country. Our leadership must be aware of these cultural differences and modify our methods to meet the requirements of the host country. Triple H, Inc. does business strictly online and must be very cognizant and protective of the privacy of our sponsors, corporate donors and individuals. We abide by the OECD Privacy Guidelines, the Gramm-Leach-Bliley Act and country-specific regulations in order to protect the generosity of our donors as well as the privacy of the children and families for which we are there to help. Continual updating of our knowledge base relating to online security and privacy laws is essential to the success of Triple H and the protection of those we serve and those who help us meet our goals. As long as Triple H remembers and adheres to these rules and regulations and abides by any cultural differences, the company will continue to prosper allowing us the opportunity to serve those who need our help.

References
Frew, H. (2014) World Vision, South Sudan at risk of worst hunger crisis since 1980s, retrieved from www.worldvision.org/press-release/south-sudan-risk-worst-hunger-cri...
Pinkcanuck (2013). Adoption is NOT “the answer” to the Orphan Crisis, retrieved from http://pinkcanuck.wordpress.com/2013/08/28/adoption-is-not-the-answer-to-the-orphan-crisis/
Rustad, M. (2009). Internet Law in a Nutshell, Thomson Reuters, St. Paul, MN
The Orphan Society (n.d.), http://theorphansociety.org/in-the-news.html

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