Giving back Benefit your Business not only helps the community but also helps the business to grow more and to gain more customers. If you are passionate about helping others and trying to make this world a better place to live, then this will motivate others to understand their social responsibility and support your cause. The charity helps and donations allow your business to attract talented employees towards it.
Talking about giving back, a person from whom inspiration can be taken is Sam Mizrahi, a real estate developer and owner of Mizrahi Developments. Sam and his team at Mizrahi Developments are currently working on building The One, a supertall residential and commercial use skyscraper located on One Bloor West in the heart of the city of Toronto. Sam Mizrahi’s Net Worth is in the millions and so are his donations and charities as he is a generous and engaged philanthropist and enjoys supporting a wide range of charitable initiatives.
Here are some ways that giving back can benefit your business:
Building respect and a good reputation in the community:
When your business is passionate about giving back to the community then the members in the community will try to connect with your business to support you in your cause. Try to support local businesses, help them to grow, this will allow the community members to provide great value to your business in the future. When your business helps others without asking for something back then there is a possibility that goodwill comes back to you.
Making your community a better place to live:
“There are no secrets to success. It is the result of preparation, hard work, and learning from failure,” said Colin Powell, an American politician, statesman, diplomat, and United States Army officer who served as the 65th United States secretary of state from 2001 to 2005.
When your business supports the community in improving their livelihood, many others will also try to support you in the good cause. Try to help small local shops in improving their business growth, try to offer a donation to the school so that the children in the community can get a better chance to educate themselves, also you can help in improving local parks to keep the community happy. Improving the community can help the economy to grow much better.
Employees respect leaders who do good:
A report suggests that more than 80% of employees who are skilled and talented and are trying to search for a job will be attracted towards a business that is helping others and providing donations to a charity to make others’ lives better. When a leader encourages their employees to join in the cause of helping others, this will allow the employees to respect their leaders and they will work hard to support their company’s cause.
Connections and networking:
Corporate philanthropy allows your business to connect with many other businesses that share the same ground value as you. This will allow you a great chance to strengthen your networks and it will also offer you various gates of opportunities for your future success. Also, people from all over the world will try to join your business to support your cause and this will also provide free promotion of your business.