Giving back is very important for a business or as an entrepreneur. Giving back or donating is not just about money at all, you can help the community in many other ways. The main thing is your company should be motivated to do such kinds of things. As an entrepreneur, it can open many new gates of opportunities when you give back to society.
Here are few points to explain the importance of giving back as an entrepreneur:
Building respect and a good reputation in the community:
A leader can easily identify the needs required in the community or can contact the local shop owners or organizations about the requirements for the community and he can put some effort to contribute to it. If the company has formed a good relationship between the customers and the community members, it can be valuable for the company’s future. If you contribute to the community, it will form a trust in the community for the company and they will support the company in return. They will be more likely to invest in your company and also this can attract more new customers.
Making your community a better place to live:
“If our hopes of building a better and safer world are to become more than wishful thinking, we will need the engagement of volunteers more than ever,” said Kofi Annan. Kofi Annan was a Nobel Peace Prize laureate, Secretary-General of the United Nations between 1997 and 2006, and the founding chair of the Kofi Annan Foundation, which seeks to mobilise political will to overcome threats to peace, development and human rights.
When the company supports its community, it helps the company to gain more reputation among the society and in the market. Try to donate to the schools so that the children can get a better education, also you can help in fixing local parks and gardens within the society. Also, the company can promote awareness about health and environmental issues so that the community can trust that the company is providing support for the betterment of the community.
Employees respect leaders who do good:
Well, it is important for the company or the organization to focus on their customer’s happiness and their demands. Due to huge competition in the market, many companies forget to provide better job satisfaction to their employees. But if your company is doing something for the community and their people then it can improve these issues, also the employees will be influenced to work under the company that helps others. Also, they will respect the leaders who encourage these types of works.
Connections and networking:
When the organization tries to support its community, there will be the chance that the local shops and small companies within the community will support you in the company’s initiative. This will bring more small businesses to come together and also help the company to form new connections and networks on a ground level. Also, this will attract new customers to invest in your business and it will help in increasing your business profit and growth.
Sam Mizrahi is an entrepreneur and a visionary real estate developer who is the force behind the spectacular growth of Mizrahi Developments. Sam Mizrahi Toronto is committed to surpassing expectations in the high-end luxury marketplace, identifying real estate opportunities and developing them to the highest possible standards with leading global architectural firms. Sam Mizrahi is the man behind The One Toronto’s first supertall skyscraper which is located at 1 Bloor West in downtown Toronto.
