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Archive for social impact

What’s Your Impact

Does Your Business go Beyond Your Customers and Clients to Make a Bigger Social Impact?

Business is by far the best way to build your wealth and freedom.  But does your business go beyond you and your family and reach out into the community?  Are you making a difference in the world? Is it important to you to make a social impact?

When you add that social impact to your business — it feels good.  The real impact goes beyond that good feeling though. It can actually impact your business results because your clients and customers LIKE to feel good too.  When doing business with you helps them to make an impact — then they feel good and want to do more business with YOU.

So, what can that social impact look like?

There are several models that can work for any type of business. Let’s look at a few.

The Direct Donation Model:
Choose a charity that you are passionate about and make regular donations — a percentage of each purchase or a percentage of profits. Another way to provide a direct donation could be to directly donate your product or service.

Buy One/Give One Model:
You can choose to donate an item like the item that was purchased.  Similar to Tom’s shoes. With each shoe purchase, Tom’s donates a pair of shoes to someone that needs shoes.

Service Model:
You can choose to donate your personal services to people that need your service or to a charitable organization such as the United Way or Red Cross.

Partnership Model:
You can choose to partner with a charitable organization, providing an array of supports to the organization.

I am sure that there are many other innovative ways to make a social impact.  What models have you used in your business?

I have found that creating a model for your business that is in alignment with your mission and values feels best.  Here at Compass Rose Consulting — we work with entrepreneurs and non-profits, with a focus on women in business and women focused non-profits.  Our model of impact is multi-dimensional.  Here are the ways that I give:

Service — I serve on two boards — one non profit and one networking organization. Through the networking organization, I work to raise funds for a domestic violence shelter.

CRC Service Donation — I donate strategic planning to a non-profit board each year.

Monetary Donation to Support Women Entrepreneurs — I donate money to support women entrepreneurs — a percentage of registration fees or coaching fees are donated through other organizations that work with women worldwide to support women.
Marketing Your Impact –
The other benefit of your social impact is sharing it with your customers and prospects.  Customer’s want to do business with socially conscious businesses, environmentally conscious businesses.  Sharing how you achieve this helps them in their decision making.  This needs to be done with care!  Images of course are essential. When you have supported an organization you can ask to use their logo or image from them.  Be sure that you do this with class.

Some businesses will include information on their packaging about their earth friendly practices, or inside of your cereal box.  Get creative!  It can be fun!

How can you add information to your marketing about your social impact?  What type of marketing feels right and in alignment with your business?

Are there other ways that you can increase your impact that benefits your business and your community? Creating win-win solutions is key.

Donna Price is a speaker, trainer, author and business and marketing strategist. She founded her company, Compass Rose Consulting in 2003 after a 20+ year career in non-profit management and administration. Donna’s history is impressive. She goes beyond the world of work as an adventurer and brings bold living lessons to each of her presentations. Donna has a unique inspirational story – of cycling across the country and how you take wild ideas and make them happen. She is the author of several books including; Yes! Marketing Works, Launching Your Dreams and Employee Coaching. Donna Price works with business leaders, teams and individuals to get them moving, improve their bottom line results through effective strategy, leadership, marketing and communication.

Working Towards A Socially Responsible Business

Being a Socially Responsible Business

Being socially responsible as a business has always been a goal and an important one.  But this year, I have taken it on even more consciously.  We are striving in a more dedicated way towards that goal. I interpret social responsibility as two fold — one is how we treat people  — pay fair wages, fair exchange for services, work with other socially responsible companies and secondly — is an environmental focus — how we operate and how that impacts the earth. We are taking actions in both of these areas and like most values and goals — we are striving but aren’t perfect (yet)!

Some of things that we are doing:

Building a list of resources here on the website for you
Working towards Green Business Certification with Green America
Reducing paper usage (I love printing reports out so this is BIG)
Contributing to organizations that support women in business
Talking about social responsibility
Moving our bank accounts to a Credit Union that invests in the local community and education and does NOT support investments in guns, big oil or other companies that are not within our guidelines.

What actions can you take that would improve your organizations operations and feel good for you and your team?

Being socially responsible can feel really good.  When you increase your giving and outreach into the community it feels good.

There are many ways to achieve this.

–>>Create a volunteer day for your staff to help out in the community.
–>>Take on interns within your organization
–>>Give to organizations locally — food banks, homeless shelters, domestic violence shelters… whatever organization is a good fit for you and your company.
–>>Let your team know that you are giving and supporting the community.

You can also write a press release about your giving, but that shouldn’t be the WHY of the giving, just a side affect.

Involve your team in making giving decisions.

You could have team members submit ideas for organizations to support and pick one organization each month or each quarter that you support.  Have them share WHY that organization is important to them.  Include their WHY in your company newsletter.

Participate as a company in events — create a running team or cycling team or other team that can participate in events that raise money for a charity.  Now you are achieving multiple things at the same time.  You are accomplishing some fundraising and charity work, you are getting your team working together, and they are doing something that is healthy!  It is a true win-win-win strategy.

However you decide to increase your company’s social responsibility – start today with one action and grow from there.

There are so many ways to improve. Here are a few more ideas.

1. Recycling
2. Eliminating Styrofoam
3. Adding solar power
4. Reducing your carbon footprint
5. Buying only recycled paper and paper products
6. Using earth friendly cleaning products

Of course, there are many, many ways to improve your operations and make them more earth friendly, sustainable and socially responsible.

So, what are the things that you are doing in your company?  How do your values impact your operations? Do you feel that it is important or valuable to operate in socially responsible ways — why or why not??

LEAVE YOUR COMMENTS BELOW!!

Donna Price is a speaker, trainer, author and business and marketing strategist. She founded her company, Compass Rose Consulting in 2003 after a 20+ year career in non-profit management and administration. Donna’s history is impressive. She goes beyond the world of work as an adventurer and brings bold living lessons to each of her presentations. Donna has a unique inspirational story – of cycling across the country and how you take wild ideas and make them happen. She is the author of several books including; Yes! Marketing Works, Launching Your Dreams and Employee Coaching. Donna Price works with business leaders, teams and individuals to get them moving, improve their bottom line results through effective strategy, leadership, marketing and communication.