Whenever a businessman starts a new business, there are many things which need to be considered and provided for. One such point is Business Impact Analysis. This analysis is always done by all the businessmen to know which process of the business is vital for the business and how much they should provide for correcting emergency problems in that particular process so that the business is not hampered. The new age entrepreneurs are thinking about impact business in totally different light. They have given a completely different meaning to this concept and they try to follow it while starting or running a business for profit.
According to these new conscious capitalists, Impact business means the impact of their business on the society, their employees and other social factors related to their business. They want to consider all the possibilities of opening a business and making it profitable so that they are not having any negative impact on the society. They want to have positive effect on the society so that the society also grows with their business. These businessmen are not only interested in the healthy bottom line in the column of Profits but theywant others to grow with them.