Budaya – A Social Enterprise Business Model

Abstract

The article illustrates the business plan of a social enterprise - Budaya. This business is based on the recent visible trends of the growing number of international students in Australia. One of the main problems they face is getting work opportunities in the country due to work restrictions or lack of Australian work experience. Also, Australian companies prefer to hire locals. Moreover, small and medium companies (SME’s) are trying to explore the international markets to diversify their business. It requires information about the international markets and its preferences. Thus, there is an unmet need on both sides. To meet these demands, we have come up with a platform called Budaya to match both these unmet needs. Based in Brisbane, Budaya is a platform to provide international students work opportunities in the form of internships in local SME’s based on their cultural knowledge and skills and to some degree, this behavior will also help companies to understand the different culturally diverse markets by employing international students. Our purpose is to help international students find working opportunities and local companies get foreign markets information. Thus, Budaya is a social enterprise, as the income generated from the business shall be invested back into the business to make it grow.