Giving back is not help you do good but it also provides various benefits to your business too. As a leader, if you are passionate to make a differenc
Giving back is not help you do good but it also provides various benefits to your business too. As a leader, if you are passionate to make a difference in society and trying to support your community by giving back through your business will allow you to improve the business reputation and image. Also, it will attract more customers to your business who will try to support you in your cause.
Here is some importance of giving back as a business leader:
Make a difference:
Most of the people who give back to the community have a common cause to make a difference in the community and make it a happier place to live. Nothing is more satisfying than watching how communities are becoming a better place to live with your support. When you support improving your community then they are able to support the economy.
When your business is passionate to support and help people and make their life better then it will offer the employees and the community a sense of social responsibility and moral values. More talented and skilled employees are attracted to the business that is giving back to society. Also, when your employees feel pride in working with a business that is passionate to help others will increase engagement at the workplace.
Better customer/client relationships:
“It’s enough to indulge and to be selfish but true happiness is really when you start giving back,” said Adrian Grenier, an American actor, producer, director, and musician. He is best known for his portrayal of Vincent Chase in the television series Entourage. In 2021 he stars in the NETFLIX series Clickbait.
Giving back through your business will allow you to develop a strong relationship with your clients, customers, and potential stakeholders. A global report suggests that customers will choose a business that is passionate about helping others through charity or volunteering work. Also, other businesses with the same ground value will eager to connect with your business to support your cause.
Invest and grow:
If your business invests in the local community to support their local shops then in return they will try to connect with your business to help you in your growth. Giving back to the community will offer them more jobs, education, better living, and it also helps local businesses in the community to grow more.
Make a global impact:
If you are helping to improve your community then it will directly put a positive global impact. Doing charity work and volunteering will allow you to connect with other people all across the world with similar causes and ground value and you will get more opportunities for your business to succeed.
If we talk about giving back through business then Reza Satchu is one the best examples who have been actively supporting many charity and non-profit organizations through their donations and volunteering support. Reza Satchu is a Canadian entrepreneur, Managing Partner, and Founder of Alignvest Management Corporation, and Founding Chairman of NEXT Canada. He has founded a number of high-profile businesses and charities.