Why small businesses should give back to their communities
February 13, 2020 12:19 pm Leave your thoughts
Being an influential business in the community doesn't come easily. One of the best ways to become a recognized name as a small business is to give back to your community. Along with increasing brand awareness, volunteerism in your local community can have many other added benefits. Not only is it benefiting your company and its employees, but you are helping to better the world around you as well.
Easy Ways For Your Business to Give Back
There are lots of quick and easy ways for your business to give back to the community, but some are more beneficial than others. Inc. points out that it's smart to choose volunteer opportunities that relate back to your business. This will not only leave the recipients feeling very appreciative, but they will also associate that feeling of happiness and fulfillment with your organization, which will nudge them in the right direction of viewing your business as a strategic partner.
An easy way to give back to the community with a primary focus of getting your brand's name out there is to sponsor a youth sports team or an event, Entrepreneur mentions. This not only provides the team or the event with the funding they need to exist, but it also is an easy way of getting your brand's name out where the public can see it. Not only will you be getting your name out there, but the public will associate it with kindness and selflessness. Who wouldn't want their brand to be associated with such positive traits?
Encouraging your employees to volunteer is a great way to create a positive company culture. Inc. talks about how a high rate of employee volunteerism also boosts employee morale, which can help to skyrocket productivity. A lot of companies provide paid time off for employees to volunteer, incentivizing them to get out and give back to the community.
Another way to give back while still keeping it relevant to your business is taking advantage of your knowledge and skills and sharing it with those who need it. Forbes points out that there are three main ways to give back: money, time and knowledge. A lot of small businesses may not have the funding to just give back to their community financially, so another great option is to use your skills in areas where they're needed. The source provides examples of serving on a board, working on a fundraiser or any other sort of service that requires a specific type of knowledge.
How Giving Back Can Benefit Your Business
While it's an unparalleled feeling to help someone out, it's always nice when it provides your business with some added benefits as well. Besides the clear advantage of name recognition, there are some other rewards that come with volunteering in the community.
When volunteering, people usually tend to feel pretty good about themselves. In turn, this will boost employee morale within the company. Higher morale = higher productivity rates. If you can encourage your employees to give back to the community while also improving your own company's productivity, it's a win-win.
Along with getting your brand name out there, you can also easily promote what your business does through sponsorships or other volunteer methods. For example, if you sponsor a local team or event, you can create some of the marketing to align with your business and what it is that you do, while also promoting the team or the event.
Even just getting to know the members of your community in a more personal way can be very beneficial. Forming personal relationships is one of the best ways to bring in business. People are more likely to give their business to someone that they know and trust as opposed to someone that they have heard about, but never actually met. This can provide you with new friends as well as new clients and customers.
Overall, giving back to your community as a small business has a huge amount of potential positive outcomes. It is beneficial for the world around you, as well as your business itself and the employees who work for you. Bring more awareness to your brand name, while forming new relationships with those in the community and also helping to boost the morale of your employees.
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