Contest Alert: My opinion on Steem business support.
Assalam o alaikum.
Hello my steemit friends i hope you all are doing well. I am very happy to take part in this contest and share my thoughts. Steemit has given us many chances to learn grow and earn. Now the idea of giving business support through the Steem blockchain is very interesting. I believe it can change many lives. In this post i will share my opinion about who should get this support if it is a good idea how the repayment should work and if people will be honest. I will also give some suggestions. Let’s begin!
Who are those you think should be eligible for this Steem business support if it's adopted by Steem blockchain? Back your answer with facts.
In my opinion people who are already running small businesses or have a clear business idea should be eligible. These can be tailors shopkeepers farmers or online sellers. Many people have talent and hard work but don’t have money to grow their businesses. If they get a little help they can improve their income and support their families. We can also look at their activity on Steemit. Those who are active honest and regularly post on Steemit should be the first to get help. Their record will show they are serious and not here just for free money. For example someone who shares updates about their small business regularly can be trusted more.
Do you think it will be a good idea?
Yes i think it is a very good idea. Steem business support can give hope to many people. In countries like Pakistan Nigeria and Bangladesh many educated and skilled people are jobless. They want to start something but no one helps them. If Steem supports them they will feel motivated. They will also share their business journey on the platform which will bring more interesting content. Other users will learn from them. Also when they succeed they can help others too. This way the whole community becomes stronger.
What do you think should be the repayable time / how should it be repaid?
Repayment should be made easy. I think the loan can be paid back in small parts monthly. Maybe after 2 or 3 months of starting the business repayment can begin. The person should be given time to settle and earn. They can repay with a small percentage of their profits. Or if they are earning from Steemit posts they can repay using their rewards. For example 10% of their Steem earnings can be sent back as repayment. There should also be a system to check their progress. Maybe once a month they can post a report about their business. This will keep things transparent.
Do you think people can be honest enough not to run away with the loan?
This is a very important question. Sadly not everyone is honest. Some people may take the loan and never return. But we can reduce this risk. We should choose people carefully. Those who are known in the community who post regularly and have a good name are less likely to cheat. Also before giving the loan they should agree to some terms and conditions. Maybe a small contract or agreement can be signed digitally. If a person knows that the community is watching they will act honestly. They will not want to lose respect or be banned from Steemit.
You can add your suggestions/ recommendations if any.
Yes i have some suggestions:
Short Training: Before giving money Steem can arrange a short training about business skills. This will help people use the money wisely.
Mentor System: Each person who gets support can be linked to a mentor. The mentor can guide and check their progress.
Community Updates: Everyone who receives support should share a monthly post about their work. This will make the process open and honest.
Step-by-Step Funding: Instead of giving a big amount at once the money can be given in parts. When the person shows good progress they get the next part.
These steps will keep the support system safe and useful for everyone.
I want to say that Steem business support is a wonderful idea. It can help people start small businesses grow their income and improve their lives. But we must be careful and smart in giving this support. By choosing the right people making simple repayment rules and asking for honest updates we can build a strong and helpful program. I fully supports this ideas and hopes it becomes real soon. Thank you so much for readings my post.