How To Become A Socially Responsible Business Entrepreneurs can do good and make profits, too.

Make social responsibility an important part of your marketing message. Sixty percent of customers will actually switch retail loyalties if the store is involved in a good cause. Pick a cause relevant to your customers. For instance, a book chain in Texas promotes literacy. Restaurant owners have banded together to fight hunger.

Remember to involve your customers, too. If they donate a used item, you can give them a discount on a new one.

And be prepared to say no. Once the word gets out about your charitable efforts, you'll likely get many requests for help, but it's better to do one project very well than to spread yourself too thin.

Remember, it's a win-win situation. You win, but so does your community.

Editor's Pick

A Leader's Most Powerful Tool Is Executive Capital. Here's What It Is — and How to Earn It.
Lock
One Man's Casual Side Hustle Became an International Phenomenon — And It's on Track to See $15 Million in Revenue This Year
Lock
3 Reasons to Keep Posting on LinkedIn, Even If Nobody Is Engaging With You
Why a Strong Chief Financial Officer Is Crucial for Your Franchise — and What to Look for When Hiring One

Related Topics

Leadership

Are These 17 Biases Affecting You as a Leader? The Answer Is Likely Yes — Here's How to Address Them.

Having biases is an inherent part of being human, but that doesn't mean we don't have the responsibility to manage them and make sure they don't impact the way we lead.

Business News

The Virgin Islands Want to Serve Elon Musk a Subpoena, But They Can't Find Him

Government officials would like to talk to Tesla's owner as part of an investigation into the Jeffrey Epstein case.

Starting a Business

Is AI Opening the Door for the 100x Founder'?

We often hear the term the 10x developer — but AI is creating a startup environment that dramatically speeds up the time and reduces the resources needed to launch.

Real Estate

5 Strategies for Real Estate Investors to Survive (and Thrive!) Amid Rising Interest Rates

Rising real estate interest rates are not a reason to stress — they are an opportunity to invest.