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“A business that makes nothing but money is a poor business.”
~ Henry Ford (1903)
Henry Ford began the Ford enterprise in 1903 and he is known for this profound, forward-thinking phrase that is still true in 2013 —-“A business that makes nothing but money is a poor business.”
Many will agree he was speaking to the obligation of businesses, not only to develop and deliver fantastic merchandise and/or consumer products, but also to contribute good works and goodwill within the community.
I share the philosophy that as responsible entrepreneurs or business owners, it is our obligation to enhance and improve opportunities for those who live in the communities, not only where our businesses operate, but beyond those neighborhoods as well.
As many of you who follow my blog know, I am a real estate developer that primarily focuses on developing new construction multifamily housing projects. In addition, I also founded the nonprofit organization Operation Help and serve as its Executive Director.
Over time, I have been fortunate enough to be able to positively impact many families through Operation Help and as I grow and my business grows, I endeavor to create even more positive change within several different communities utilizing this organization as a robust platform.
Admittedly, I have personally experienced the benefits of giving back
and research shows that giving back is important to small businesses because 82% of U.S. consumers consider a company’s corporate social responsibility (CSR) when deciding which products or services to buy and where to shop (according to a May 2013 study by Cone Communications and Echo Research).
Besides the ROI benefits to your business, giving back to your community helps your local economy, businesses and residents grow, thrive and give back as well. It is contagious!!!
I’d love to hear your stories!
As a business owner and responsible corporate citizen, how has giving back enhanced your business’ financial bottom-line or otherwise, i.e., improved your company‘s overall brand presence, improved your social skills, increased your self-confidence, helped you forge new friendships or simply elevated an overall sense of accomplishment personally.
Please reply back with your thoughts and share your experience with other new and existing business owners.
~Preston Byrd, “Give to your community and it will give to you!”