25 inspiring businesses that give back to the community

25 inspiring businesses that give back to the community

25 inspiring businesses that give back to the community

April 19, 2022

Inspiring business that support their community

Winston Churchill once said that “We make a living by what we get, but we make a life by what we give.” 

He was right.

Business owners as well as employees make a living by keeping the business profitable. But it is only when businesses give back to the community that they make their work truly meaningful. By making other people’s lives better they get more than any bank account can hold.

Even the businesses giving back to the community for the sake of marketing are better than the ones that don’t.

Jump directly to: 

 1. Support people undergoing cancer treatments

 2. Organise a virtual TED-Talk-style fundraiser

 3. Make others pay in donations to pick your brain

 4. Encourage employees to volunteer 

 5. Kindness is a language everyone understands  

 6. Reward the community heroes

 7. Donations to the most caring organisations

 8. Donate one mask for each purchase

 9. Support minority-owned businesses

 10. Financially support low-income entrepreneurs

 11. Raise funds to make other people’s lives better

 12. Feed the hungry together with your employees

 13. Make giving back part of your brand

 14. Offer your skills for free to those in need

 15. Fuel up health care workers with delicious pizza

 16. Free products to those on the front lines

 17. Equal housing chance to the underprivileged

 18. Encourage fundraising attendees to be generous

 19. Offer help to turn business ideas into reality

 20. Collect donations for women’s shelters

 21. Set internet for underprivileged families

 22. Instead of spending on advertising, donate

 23. Show your love and support to the elders

 24. Years long dedication to help homeless people

25 Businesses that give back in extraordinary ways

There’s an immense number of community involvement ideas for businesses and being not profitable enough to give back is simply not an excuse. As you can see from the list below, there are many examples of businesses giving back to the community that don’t involve money.

Quote Denzel Washington

Support people undergoing cancer treatments

We have always given back to our community in multiple ways – we clean for local non-profits for free, we offer 2 free cleanings to anyone in the community going through treatment for cancer, we donate gift certificates to every local silent auction that asks (an average of 40 $200 gift certificates per year), and most recently we ran a Hometown Heroes giveaway over the summer, in which we gave away $30,000 worth of free cleanings to front line medical workers during the first several months of COVID-19. 

As a former foster child and then homeless young adult, it is extremely important to me to give back to the community that has supported my success. Our cancer cleanings are now also extremely close to my heart since my daughter was diagnosed with Leukemia last year, and I’ve been able to see firsthand how critical cleaning is to oncology families.

Laura, Founder of All Star Cleaning Services

Organise a virtual TED-Talk-style fundraiser

When thinking of examples of businesses giving back to the community, there are the obvious ones of donating money or offering time to help organizations that are doing great things for those affected. Although it is important to help in any way possible, I think there are so many other creative ways to give back. As a businessman and entrepreneur, I can offer lots of knowledge from my experiences in the business world. 

Organizing a virtual ted-talk-style fundraiser where the audience comes to learn and gets to leave motivated and inspired is a valuable and creative way to give back. Having the virtual attendees donate money to an organization of choice or even have business owners that have been poorly affected by the pandemic join in to hear other business owners and experts advise on how to survive through these tough times. Putting on such an event would take minimum investment, would allow everyone to stay safe, and would have the potential to help so many people.

Brandon Monaghan, Co-Founder of Miracle Brand

Make others pay in donations to pick your brain

A way to creatively raise money to donate to communities suffering the most through the pandemic is offering my knowledge as a business owner and expert in the digital marketing space. Sending an email blast once a week with an option to uncover a lesson or tip at how to improve a business’s digital marketing presence by engaging in donation matching activities.

I think this idea is a win for everyone involved; I get to share my knowledge, donators learn useful information that they can apply directly to their business and their money goes to the people needing it the most right now.

Jon Zacharias, CEO and Founder of The Search Guy

Encourage employees to volunteer and pay them for it

A philanthropy initiative that we offer at Boundery to all of our employees is encouraging each individual to spend 3 workdays out of the quarter to volunteer at a charity or organization of their choice whilst being fully compensated. This initiative allows employees to choose where they would like to allocate their volunteer hours and spreads awareness of new charities and organizations within our offices. 

Separately from Boundery, my wife and I work closely with the organization Casa de Amparo, which has a mission to help kids affected or at risk of child abuse and neglect. With the current state of our country due to the pandemic, we have been very active by connecting colleagues and business owners that might have extra resources to donate to the charity. We are reaching out to all of our connections because the kids desperately require all basic supplies. Connecting people and utilizing your network might seem like a small action to take but sometimes is most impactful.

Jason Akatiff, Co-Founder of Boundery

Kindness is a language everyone understands

At TransPerfect, the global translations company headquartered in New York, at the beginning of the outbreak of COVID-19, Phil Shawe, CEO, assembled a taskforce that worked day and night, and was responsible for turning around pro-bono translation services for the city of New York (sometimes within crunch periods like two hours after receiving a document). The taskforce was essential in translating crucial information into over 30 different languages.

This quick-turn-around high-level emergency work had the taskforce translating a range of documents including:

  • Airport guidelines for quarantine and for people arriving to NYC
  • Anti-eviction informational newsletters to various communities who might have landlords looking to take advantage of the COVID-19 situation
  • Directions for how to use various work-from-home technology and apps
  • Alerts for various apps that deliver push-notification news
  • Community news alerts for various minorities living in New York who might not speak Spanish, English, Mandarin, or Russian

Languages included: Arabic, Bengali, Tibetan, Greek, Spanish, Dari, Farsi, French, Hebrew, Hindi, Haitian Creole, Indonesian, Igbo, Italian, Japanese, Korean, Nepali, Punjabi (India), Punjabi (Pakistan), Polish, Portuguese (Brazil and Portugal), Pashto, Russian, Tagalog, Urdu, Vietnamese, Yiddish, Yoruba, Chinese (China), Chinese (Hong Kong), Chinese (Taiwan).

Phil Shawe, President & CEO of TransPerfect

Reward the community heroes

We have done three projects to give back since the start of the pandemic.

The first project was a smaller scale, paying $200 to a locally owned coffee shop to cover five dollars of 40 orders for that day. We created a small business card-sized positive message saying we are all in this together and to enjoy their gift from the granite and marble depot.

The next project we did was asking the community to nominate a local teacher who was going above and beyond while working remotely and teaching their students virtually. We got tons of nominations from the community and decided on one winner. The owner of granite and marble depot and myself met with the teacher at a locally owned food establishment, where they covered the cost of the entire dinner for the teacher’s family.

The final and most exciting project was donating five granite countertops to local heroes regardless of their position. We were in a two-month campaign asking the community to nominate local heroes from grocery store workers to first responders. We selected five winners and are just in the works of selections and installing the completely cost covered granite countertops.

Kylie Knur, Project Manager at JJR Marketing

Weekly donations to the most caring organisations

We started a “Take Charge for Charity” program where a weekly donation is given to a local charity chosen by staff members. These organizations represent the best of our community, those who have dedicated their lives to feeding the hungry, sheltering the homeless, and supporting the vulnerable. We wanted to do our part to give back to those most in need, and these donations seemed like the perfect way to do just that.

We’ve now reached our 120th consecutive week of donations!

Monica Eaton-Cardone, Co-Founder and COO of Chargebacks911

Donate one mask for each purchase

In lieu of COVID-19, we’ve pivoted away from music festival fashion and started designing face masks. For each mask that is purchased, we will be donating one non-printed face mask to nonprofits supporting those on the front lines. So far, we’ve sold over 75,000 masks and are excited to help anyone we can! In fact, we just donated 10,000 masks to Providence Little Company of Mary Medical Center – San Pedro! 

Here are the organizations we’ve donated masks to so far:

– Providence Little Company of Mary Medical Center, San Pedro

– Lompoc Valley Medical Center

– Boys & Girls Clubs of Central Orange Coast

– The Bridge Fund of New York Inc.

– Baltimore Donation Hub

– Gold In Fight

– REACH Air Medical Services

– Chinatown Service Center

Brandon Chopp, Digital Manager at iHeartRaves

Support minority-owned businesses

One of the ways my business initiated giving back to my community was by creating The Mississippi Gulf Coast Black Owned Business Network as well as the creation of an annual MSGCBOB Awards. Being that I owned an African + Hawaiian Infused brand I found it hard to locate my ideal client. I felt like if I had that issue, so did other black-owned businesses. Therefore I created a group where local BOB’s and consumers could find and do business with each other. 

We also host networking events, Melanin Village Market Places, and our annual awards ceremony celebrating small businesses in the area. When Black Panther was being released, I bought out the theatre for Black-Owned Businesses and their families to experience what Black excellence looks like.

Alexis L. Williams, Owner of Aloha Glamour

Financially support low-income entrepreneurs

I’ve always had the will to help the community. However, it usually involved giving my time and not money. Now that I’ve been in this industry for 15 years, giving back has become a part of our company culture. 

We do community outreach as a part of our annual Thrive Camp – an event where we bring in our employees from around the world to our Texas headquarters to do local volunteer work. We have also partnered with Kiva, a non-profit organization aiming to help low-income entrepreneurs in more than 80 countries. We give monetary help to those striving entrepreneurs to maximize their potential, including farmers or women in Africa selling goods. 

I believe that when you are at a point where you’ve gotten so much, it’s that chance you have to give back to people – to get them to the same place as you are.

Matt Bowman, President at Thrive Agency

Raise funds to make other people’s lives better

I strongly believe in helping my community. Last year, I taught a series of free marketing workshops to teach local small business owners about free ways they could use online marketing to attract more customers, in conjunction with the local city government.

As part of Progreso Relief, an informal group of people who came together to help the community, we raised funds and fed over 1,200 families suffering from the loss of income in our city when COVID hit. We provided packages of food, sourced through local stores to keep more of the money in the community, and delivered them following strict safety protocols, supervised by a retired nurse, to needy families and individuals. Donations came from Mexico, the US and Canada.

When tropical storm Cristobal hit the area and flooded many homes, we again raised funds and worked with local restaurants to provide meals to over 400 people while they were staying in temporary shelters, and then used the remainder of the funds raised to provide gift certificates through a locally-owned hardware store to help people purchase materials and tools to repair the flood damage to their homes.

I was the first president of the Merida English Rotary Club, the first English-language Rotary Club in the state of Yucatan, Mexico, and spearheaded a project to put computers in the computer labs in Progreso, Yucatan, where they currently have no computers for the students to share. That’s right, zero computers in computer labs in 2020! Teachers currently bring their own laptops and teach the students via projector, which is really no way to learn computer skills effectively.

David B. Wright, President of W3 Group Marketing

Feed the hungry together with your employees

At the beginning of the first-quarter every year, we get our team together, and we go to a place in Plano called Feed My Starving Children. The whole company is there, and we’re packing food for children across the world. Then after we pack, they show the impact that we have had and we pay for the food. It is our best event of the year.

Gabe Abshire,  CEO of Utility Concierge

Make giving back part of your brand

As an apparel brand focused on supporting expectant and postpartum mothers, we prioritize investment back into organizations that are advocating for a stronger village of support for mothers.

We donate at least 3% of profits to advocate for better infrastructure support and maternal health programs.

– 1% global – to combat the global maternal health crisis

– 1% local – to provide local support and resources for new mothers (first-time and experienced) suffering from anxiety or depression related to a postpartum mood disorder

– 1% sustainable – to advocate for high quality paid family leave for all

Selah Rhodes, Founder/CEO of DARITY

Offer your skills for free to those in need

Especially due to the pandemic, a polished online presence is more essential than ever in business. That includes having a website that’s optimized to get positive results.

Yet, not all business owners are marketing experts so achieving that professional online presence is challenging.

To help business owners in that position, I’m offering value-packed website audits at no cost and with no obligation. These are done manually by me, a professional SEO copywriter and brand strategist.

The audit reports contain expert recommendations on everything from the quality of website copy to SEO to branding to overall UX. They pinpoint exactly what improvements need to be made so that business owners can either make the changes themselves or have an objective game plan if they choose to hire a professional to help.

Nia Gyant, Founder of http://niagyant.com

Fuel up health care workers with delicious pizza

At Donatos, we believe in giving back in every community that we serve. In fact, it’s a simple matter of living out the Latin meaning of our name – to give a good thing. During the COVID crisis, we’ve given hundreds of pizzas to front line health care workers as well as volunteers at community food banks who are working harder than ever. And this is in addition to all of our normal philanthropic activities.

Dave Parsons, Manager, PR & Communications at Donatos Pizza

Offer your products for free to those on the front lines

We are a brand who wants to help people live healthy, fit lives, and now more than ever this is so important, especially for our front line workers. They are working incredibly long and stressful hours and as a brand, wanted to support them with healthy energy. We launched CELSIUS Giveback, a giveback initiative with product drops at firehouses and hospitals for those on the front lines around the country. 

Additionally, CELSIUS is offering first responders and healthcare workers a case of product if they DM the CELSIUS Instagram page @celsiusofficial with proof of their ID. The brand has dropped off over 7k cases of product.

John Fieldly, CEO at Celsius Holdings Inc

I am Dr. Paris Sabo, a breast cancer surgeon in Beverly Hills. I co-found Dr. Brite in 2015 with my sister, Dr. Pooneh Ramezani. With my chemistry background, I am responsible for creating the formulations for Dr. Brite’s safest and most effective essential cleaning products.

As a BIPOC women-owned and certified B-Corp company, we have been using our business as a force for change and social good in our community for years. During the pandemic, we have been making our great sanitizing and cleaning products available to first responders, doctors, and nurses on COVID-19 frontlines, nonprofits, and to those in need both on a local and national level. 

All you have to do is reach out to us at team@drbrite.com if you are a frontline hero, a nonprofit, or someone in need, and we will be able to help you.

Dr. Paris Sabo, MD, COO at Dr. Brite

Give equal housing opportunities to the underprivileged

At Logsdon Home Buyers LLC we support our community by purchasing vacant properties and using them to advocate for “second chance homeownership” by providing homeownership opportunities to those who would otherwise be denied by traditional lenders because of rough financial history (foreclosure, bankruptcy..)

We do this because vacant properties become a habitat for criminal mischief and lower the property value of surrounding homes. We believe that homeownership has many positive impacts in our community relating to mental/physical health, our youth, and participation in civic duties such as voting.

We believe that it’s unfair to deny a family the opportunity to turn a house into a home based solely on their past financial hardship without making an attempt to fully understand their current financial position.

Paul Logsdon, Founder of Logsdon Home Buyers

Encourage attendees of fundraising events to open their wallets

Being in the bartending business for over 28 years, we have been supporting our local charities and community by offering our services free of charge so they may have a successful fundraising campaign.

We donate the bartender(s), alcohol, beer, wine and all the mixers so they can keep their costs down. We also assist in getting their Series 15 Special Event License for the event since it has to be submitted to the city and state for approval. Having alcohol served is always good for the auctions.

We have worked with some of the biggest charities in AZ and enjoy seeing them succeed.

Dave Forman, President at Pour Masters

Bring the community together to help turn business ideas into reality

I’m Tonya Cross, the accessory designer of Accented Glory and visionary of The Vine Events. The Vine Events is my non-profit organization that hosts informative events such as personal development and small businesses workshops. I’m the facilitator of these events.

Through my organization, I spearheaded the Salisbury-Rowan Black Business Pitch Contest. As an entrepreneur, I personally know the struggles of finding funding and resources to build and grow your business. Therefore, I reached out to local black business owners and asked them to sow monies into the pitch winner and to be pitch judges. Also, I asked other black businesses to provide business services to the pitch winner. 

Within 24 hours I received verbal commitments for both monetary and service packages for the pitch winner. The response was so overwhelming that my pitch committee was able to award service packages to 2nd and 3rd place winners as well. The pitch contest audience was also able to participate and vote for their favorite pitch! It was truly a collective effort and a great way to bring our community together and sow into a local black owned business.

Tonya Cross, Accessory Designer at Accented Glory

Quote by Anne Frank

Collect donations for women’s shelters

My employees and I have been collecting donations. I ran a collection over social media (among personal connections) for a women’s shelter, asking people to leave donations of diapers, bottles, formula, feminine products, and bath products in a bin placed on my doorstep and a handful of my team’s doorsteps placed around the city. 

For the public, I set up three different donation day/time slots they could drop off sites at the office. After two weeks, I collected all the donations and dropped them off at the shelter, along with a check from the company. We duplicated this with a food bank and a veteran center. All were contact-free, which made people feel safe and gave them a chance to contribute. 

Laura Fuentes, Operator of Infinity Dish

Set internet for underprivileged families

Our company helps people find internet providers, so we set up connections and upgrades for people all the time. The pandemic has actually been unexpectedly good to us, because with so many people at some, their internet use went way up. We had a 15% increase in customers and revenue, so we’re very pleased, so we wanted to pay it forward. 

So, whenever we can, we set up underprivileged families with internet for free. It’s just our way to pay it forward and thank our community for supporting us. 

Sean Nguyen, Director of Internet Advisor

Instead of spending on advertising, donate

At DigitalGrads we donate to youth charities for every referral we receive. Rather than feathering the nests of Facebook and Google with advertising pounds, we’d much rather donate that money to charity.

We support youth charities because we know not all young people get an equal chance in life, and our mission is to make hiring about skills and talent not about who you know or bank of mum and dad – we want our candidates to have an equal shot at working in the tech and media industries.

We partner with Work for Good to help facilitate our donations.

Lucy Smith, Founder & CEO of DigitalGrads

Show your love and support to the elders

We would volunteer at Willing Hearts to prepare food ingredients for the elders, like cutting vegetables and meat, packing the cooked food, delivering, and giving out for the needy. There are designated chefs cooking, so we focus on other areas. These are prepared for over 5 thousand elders and those in need, who will be receiving the meal on weekends.

The reason why we are volunteering is that we want to appreciate these elders who gave their best to build Singapore over 40 years ago. So by helping them save a meal or two weekly we help to ease their finances as well.

Cyrus Yung, Director of Ascelade

Years long dedication to help homeless people

When I was working at a gym under the Twitter building in San Francisco, I saw Warren Buffet a few times when he came to volunteer. One year I got to meet him with the crowd out on the street. This man is one of the richest men in the world, but despite that, it was so inspiring to see how comfortable he still is giving back to people. He could be on an eternal vacation but he’s volunteering and having conversations with average people. 

Getting to experience his warmth and see how much he prioritizes his volunteer work has inspired me to continue serving dinners to the homeless and volunteering with the Sunday Streets mission without fail for many years now. No matter how successful I become, my family, my companies, and I will always give back to the most vulnerable in our community.

Nerissa Zhang, CEO at The Bright App

Conclusion

Looking at these businesses that give back is impossible not to feel inspired. Their selfless social responsibility proves that community involvement ideas for businesses are not limited to donating money.

The businesses giving back to the community are most often the smallest local businesses in our communities and not the large corporations. That’s because the businesses that give back have big hearts but not necessarily deep pockets.

You can be a one-man band, and still, help more than a company employing 1000 staff does.

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18 notorious myths of entrepreneurship debunked

18 notorious myths of entrepreneurship debunked

18 notorious myths of entrepreneurship debunked

April 14, 2022

Famous myths of entrepreneurship debunked

Entrepreneurship this, entrepreneurship that… So many myths of entrepreneurship have been circulating around for years it’s hard to keep track. Some of them are so often repeated that we started believing them.

On top of that, it looks like many found a way to earn money by preaching these myths, which further complicates the situation. Take Grant Cardone or Gary Vee for example – they’ve made millions by selling entrepreneurship myths (hint: you need to grind 24/7 in order to succeed).

That entrepreneurship became a global cult is not helping at all to debunking these entrepreneurship myths. These days, it looks like Tai Lopez and Entrepreneurship is what Tom Cruise and Scientology were in the 2000s.

 1. Entrepreneurs are narcissists

 2. Living care free

 3. You must start young

 4. All entrepreneurs are extroverts

 5. No more bosses

 6. You need a lot of money to start

 7. You should hustle day and night

 8. Accept every advice 

 9. You must be an expert

 10. You need completely new idea

 11. Money has to be the main motivation

 12. Entrepreneurs must innovate

 13. You need to do everything yourself

 14. Outsource and automate everything

 15. Being VC-funded is the only way

 16. Hard work equals success

 17. Venture capital and hip office space

 18. Entrepreneurship is incredibly risky

18 myths of entrepreneurship that paint the wrong picture

Since it became impossible for the mere observer to tell myths of entrepreneurship from facts we took it upon ourselves to debunk the worst entrepreneurship myths and misconceptions and strip off all the lies that have built up during the years.

#1 Myth: Entrepreneurs are narcissistic people with no connection to the real world

Building your own business or creating a product or service requires hard work, long hours and sacrifice – but it doesn’t necessarily mean you have to sacrifice your life or relationships to be successful.

Many entrepreneurs have families at home who are counting on them. For some, this might even mean a spouse is taking on additional work while their partner builds the business. The majority of the world’s most successful entrepreneurs decide to take on major lifestyle changes, not because of their own self-interest or ambition, but because they believe their idea can change the world for the better. It’s a noble cause that is often misunderstood as narcissism.

David Wright, Executive Director of Practice Development at M&O Marketing

#2 Myth: You will live a care-free, autonomous lifestyle

For me, the biggest myth about entrepreneurship that I hear repeatedly is that being an entrepreneur must mean you are living this care-free, autonomous lifestyle. For some reason, folks seem to think that becoming an entrepreneur means you are enjoying 20-hour workweeks while doing business from your laptop on the beach in Bali. 

Simply not true. Oftentimes, entrepreneurs leave behind a 40-hour workweek, only to find themselves putting in 80-hour work weeks for the first few years. As for the autonomy, entrepreneurs are very much still held accountable, even more so as they continue to build a team.

DeeAnn Sims-Knight, Founder of Dark Horse PR

#3 Myth: Successful entrepreneurs all start young

While the media loves to glamorize the college dropout turned tech entrepreneur (Mark Zuckerberg, anyone?), the truth of the matter is that most entrepreneurs achieve success much later in life. In fact, according to Entrepreneur magazine the average age of entrepreneurs in the United States is 40. Blockbuster companies like Twitter, HTC, Intel, Wal-Mart, and countless others were all started by entrepreneurs well into their 30’s or beyond.

This myth of entrepreneurship has been even debunked by recent research as data even shows that success is more likely the older you get as an entrepreneur, undoubtedly due to the experience and connections gained as you grow older. While it may feel like entrepreneurship is a young person’s game, in reality its just another entrepreneurship myths as it’s never too late to start.

Kelly Bertog, Founder of YOURS Non-Alcoholic Drinks

#4 Myth: Only extroverts can succeed in entrepreneurship

This is because we commonly associate entrepreneurs with being outgoing and adept at networking. However, this is an entrepreneurship myth for many reasons. 

For example, introverted entrepreneurs don’t mind working alone during those long hours in the early stages of their business. They are more likely to enjoy working and making decisions independently. Introverts are also more likely to prefer one-on-one meetings and listen carefully to the suggestions of others. They are also likely to be successful as entrepreneurs because they tend to be low key and deliberate in their decisions.

Kathryn Schwab, Head of Content at Bobbie

#5 Myth: You no longer have a boss

Sure, you don’t have to deal with a corporate manager anymore – and you can fire terrible clients. But every client or customer you enlist becomes your supervisor. In order to stay in business (i.e. keep your job), you need to meet their needs and expectations. Otherwise, you’ll get fired – plus potentially earn a negative reputation that will dog you forever.

Laura Gariepy, Owner Before You Go Freelance

#6 Myth: You need a lot of money to start a business

All you need is an idea and motivation to test it out. If your idea is decent, you’ll start finding customers or users quickly and the money will start flowing. Real entrepreneurs find problems and come up with solutions. Being short on funds is just another problem in the long line of problems you’ll have to solve to start and grow your business. 

I started with $1K to my name working from a cell phone and laptop of a dining room table and now run a $5M/yr business with 7 employees disrupting an industry. Anything is possible with enough determination and grit to solve the problems you’re presented with and make it happen.

Kyle Sharick, CEO of TracksNTeeth, Inc

While it’s true that you will need some sort of capital to fund the early stages of your business, growing it initially doesn’t always have to revolve around chunks of cash.

Entrepreneurs typically finance startups from their own pockets. And because not all entrepreneurs come from a wealthy background, capital isn’t always as accessible.

Take my startup story for example. We founded EarlyBird, a financial gifting platform, in 2019. We weren’t fully funded when we had just started. To make up for it, our small team developed strategic partnerships with investors who helped raise our capital, and marketers who increased awareness and online authority of our brand.

Different business operations like growth hacking and raising funds through investments are some of the tactics that worked for us. Our driven team members also played an important role to achieve our success.

Caleb Frankel, Co-founder and COO at EarlyBird

#7 Myth: You should hustle day and night

On the contrary, to succeed you need to work smarter, not harder! If you apply systems and processes to real problems and make sure you live a healthy and balanced life you will have a better chance of success.

Why hustle and grind your way to success, and risk sacrificing your health and relationships along the way?

If you work smarter and better, you can enjoy the fruits of your labor in good mental and physical health together with the people you love. That, to me, is the very definition of success.

Thomas Sorheim, Founder of Leisurehiking.com

#8 Myth: You should heed all of the advice you’re given

There is no shortage of advice coming at you when you are starting a business. While some of it may be exceptional for the most part, I’ve always found it too general to be useful. It more often than not comes from someone well-meaning but usually comes from someone who really doesn’t understand your concept and idea. So, use your time wisely and only seek counsel from those you believe will move your business forward. Although this seems obvious, it is amazing how others can influence your thinking.

Geneva Long, founder​ and CEO of Bowlus

#9 Myth: You need to be an expert before starting

People learn best by taking action and making mistakes. Begin with trial and error then assess, adjust, and keep moving forward. Do not allow yourself to put off your entrepreneurial journey because you’re not yet an expert. If you wait until you are “ready” you will never start. People who are successful are not worried about the failures as they understand that failure breeds success.

Jake Irving, Owner of Willamette Life Insurance

#10 Myth: You need a completely new idea to be successful

My favorite myth about entrepreneurship is that you need a completely new idea to be successful. It makes me chuckle a little bit every single time I hear it. If that were the case, why are there hundreds of project management or email marketing software applications out there?

Bringing a novel idea to market is hard, time-consuming, and has the highest chance of failure because it’s likely that it’s too early for it. When you improve on an existing idea, there’s an established market and you can quickly become profitable and expand the business.

Daniel Ndukwu, Co-Founder of UsefulPDF

#11 Myth: Entrepreneurs are only motivated by money

One entrepreneurship myth is that all entrepreneurs are only motivated by money. Businesses aren’t built overnight. Being an entrepreneur takes dedication and not everyone can do it. Those who can aren’t solely motivated by money. 

Many entrepreneurs, like myself, are motivated by the need for personal freedom and the ability to spend time doing the things we love to do. My favorite thing to do is to spend time with my family. Through starting a business I am able to do that.

Laura Rike, Founder of LauraRike.com

#12 Myth: Entrepreneurs must innovate or create new ways of doing things

Entrepreneurship is not all about innovation. There are differences between being an innovator and entrepreneur. An innovator is a creator and a problem solver who is passionate about making improvement. An entrepreneur is someone who takes action to build a business that turns innovator’s ideas into products or services and sells them to customers. Innovator is a thinker. Entrepreneur is a doer who makes things happen. 

Nicola Tesla and Thomas Edison are great examples. Tesla created bright innovations, but never found a paying customer. On the other hand, Edison created many useful innovations for the world and held over a thousand patents. He also found a way to commercialize his inventions. Someone can be an innovator and an entrepreneur, like Edison was, but not always.

Vivian Chan, Leadership & Team-building Expert at Sette

#13 Myth: You need to do everything yourself

Of course, you will be the sole decision-maker for the most important things, but you can also have others do smaller tasks to move things along. There are ways to outsource or hire freelancers to help you with the less-risky responsibilities so you can focus on building your brand. 

By doing this, you’ll end up still retaining creative control but have more time to focus on the bigger picture and growing your business. Letting others help you along the way is extremely crucial because it saves you a lot of time, energy, and, most importantly, sanity.

Chris Lieu, Founder & Editor at The Distillery Groove

#14 Myth: You can outsource everything and automate

One of the most significant myths about entrepreneurship I often hear is that you can just outsource everything and automate your whole business. Basically, just come up with an idea, hire experts, automate everything, and then just sit back and relax and watch the money rain.

As an entrepreneur, you need to manage and package everything that happens in your business. Definitely not going into the details, but always keep a finger on the pulse. The entrepreneur is the person with the vision, and it’s his/her job to transfer this vision to the rest of the team – to the extent that they see it just as clearly.

Johannes Larsson,CEO and Founder of Financer.com

#15 Myth: Being VC-funded gets you to the goal faster than bootstrapping

One of the biggest, but less talked about, entrepreneurship myths is that being VC-funded gets you to the goal faster than bootstrapping. Entrepreneurs forget that getting VC funding can take months, if not years, and it’s a full-time job during which you do *nothing* else. Imagine what you could achieve during that time if you actually tried to get customers and not investors.

Erdin Beshimov, Founder of MIT Bootcamps

#16 Myth: Hard work equals success

This is one of the most damaging entrepreneurship myths there is. Hard work gets often promoted as the only way to success, but I’ve found this isn’t the case. Real success is a state of mind, how you experience your life. Often the people who look the most successful on the outside, feel like a complete failure on the inside. 

If you keep working hard and hustling all day long focusing on the wrong things, success won’t come, because being busy and being productive are entirely different things. What it will get you is sleepless nights, overwhelm, burnout or worse! 

So what can you do? Get clear on what you want, prioritise properly, learn to say no, stop multitasking and most of all, prioritise a good night sleep.

Susanne Grant, Business Coach & Consultant at Grant Method

#17 Myth: Entrepreneurship is about venture capital and hip office space

The tech world and the meteoric rise of startup culture has created a picture of entrepreneurship that is misleading and unrealistic. Entrepreneurship is simply about finding an unfulfilled demand and fulfilling the demand. It is not about venture capital, PowerPoint slide decks, or hip office space with a ping pong table and a beer tap. In fact, the local entrepreneur that starts a window-washing business is overwhelmingly more likely to succeed long-term than the tech entrepreneur trying to disrupt this or that.

Entrepreneurship is not a pipe dream, nor is it a get-rich-quick plan. A dedicated local service provider can build a huge business and secure a very comfortable life. Tech startups can be profitable, but take much more luck and money than your local junk removal truck requires!

Anders Helgeson, Co-Founder of Time Now Hauling & Junk Removal

#18 Myth: Entrepreneurship is incredibly risky

For an entrepreneur, it may take a little time to start generating revenues. However, once you have started making money you have the ability to be much more flexible with how you make it. Entrepreneurs can change their product offering to adjust for a changing market and are limited only by the number of ideas they have.

On the other hand, employees have almost no ability to control their destiny. Oftentimes, if the company is failing or the entire industry goes south, then employees can be let go through no fault of their own and their only recourse is to find another job (which can take months).

Omer Reiner, President of FL Cash Home Buyers

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How to identify substance abuse in the workplace

How to identify substance abuse in the workplace

How to identify substance abuse in the workplace

April 11, 2022

Identifiying substance abuse in the office

Millions of organizations worldwide are looking for ways to identify substance abuse in the workplace. After all, drug addicts are a threat to themselves, their coworkers, and the general public. 

But, workplace drug abuse has several other negative consequences as well.

According to the data released by the National Council on Alcoholism and Drug Dependence (NCADD), workplace drug abuse costs employers in the United States close to $81 Billion per year.

Most drug addicts are employed. Be it a trucking company, a law firm, a home service business, or even a hospital – some workers abuse illicit substances or prescription drugs in nearly every organization.

Suppose you are an employer or someone who looks after the HR operations of a business organization. In that case, you need to know how to identify signs of substance abuse in the workplace and validate your suspicion with a drug test, if necessary. Here in this post, we will discuss the top six ways you can detect drug abuse in the workplace: 

Pay attention to absenteeism rates

People who abuse drugs are often too jittery, tired, or sleepy to go to work daily. Such people call in sick more often than others.

If you notice that some employees routinely disappear from the worksite without any reason or are found missing from their seats for long periods, they may be using alcohol or drugs while on the job.

Workers who abuse drugs are also among frequent latecomers. You may have noticed that some people, who spend their weekends partying, are late to work on Monday.

High absenteeism rates may be due to substance abuse in the workplace.

Don’t ignore frequent incidences of theft

It’s unfortunate, but many drug addicts resort to stealing to pay off their debts. Professionals with drug problems are nearly always short on money.  The most common examples of workplace theft include:

  • Physical cash gets stolen
  • Equipment or raw material gets stolen
  • The worker claims that he has lost a company smartphone or laptop
  • Merchandise in a warehouse or on sales floors goes missing
  • Workers with access to signature stamps write company checks or make electronic payments to themselves
  • The worker steals company funds but hides them as payments to vendors
  • The worker overbills customers after a service visit and keeps the extra money
  • Workers handling telephonic orders may use a customer’s credit card information to make personal purchases online
  • The worker falsifies overtime, business expenses, etc.

When you notice frequent incidences of theft in the workplace, be sure to investigate further if some of your workers use drugs while on the job or during off-hours.

Find out why some workers are always ill

Many people who abuse illegal drugs or prescription medication have sniffing nose or red and runny eyes while on the job. Such signs may not be due to allergies.

An employee complaining of frequent colds or migraine headaches may actually be concealing drug withdrawal.  

Similarly, other frequent illnesses may be due to a weak immune system – a characteristic of chronic drug addicts.

Why are your workers getting injured too often?

Workers who routinely use large equipment with moving parts or operate heavy machinery in the workplace are nearly always at the risk of accidents while on the job. But, operating such machinery or equipment while high on drugs, significantly increases their risk of injuring themselves, and others.

A lack of focus, poor decision making, or a momentary lapse of judgment when under the influence of drugs can easily result in workplace accidents.

This is why the Department of Transport requires employers to test their employees for alcohol and drug abuse in the workplace. Many employers conduct post-accident drug testing to ascertain if employees involved in an accident were under the influence of alcohol or drugs.  

Not just serious workplace accidents, employers or supervisors should also keep an eye on the incidences of minor yet mysterious injuries. People showing up at work with strange bruises, cuts on the arms, and other signs of mysterious injuries may indicate active drug use.

Poor job performance

Drug addicts often find it hard to focus on the job at hand. Workers under the influence of drugs can make too many mistakes or simply fail to do complex tasks. 

Productivity loss and increased healthcare costs due to workplace drug abuse cost US employers close to $25 Billion per year.

If some workers have consistently poor job performance despite having adequate job skills, be sure to investigate if they are under stress, unwell, or using drugs.

Poor relationships

Frequent mood swings can make some people high on drugs quarrelsome. Frequent arguments with coworkers, supervisors, and even customers, or inability to get along, may at times be due to drug abuse.

How to find out who is using drugs in the workplace?

Organizations can train HR managers and/or supervisors in identifying the potential signs of drug abuse in the workplace. But, mere knowledge of drug abuse in the workplace isn’t helpful. Employers need to develop and implement a drug-free workplace policy to:

  • Identify drug addicts in the workforce  
  • Communicate the consequences that would follow if someone tests positive for drug use
  • Discourage drug abuse in the workplace
  • Provide support to workers who want to fight dependence on drugs

Random drug testing, periodic drug testing, and suspicion-based drug testing are among the most common methods used by employers worldwide to identify workers who abuse various illicit substances and prescription medications.  

Random drug testing is conducted on an entirely ‘random’ set of workers to discourage drug abuse in the workplace. Periodic drug testing involves screening employees once or twice each year. Suspicion-based drug tests are administered when an employee’s behavior, job performance, relationships at work, and physical appearance point towards possible substance abuse.

The laws governing workplace drug testing vary across countries and states. So, it is a good idea to check with an experienced employment attorney before enforcing a new drug screening policy.   

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Business entity: Why your business should be owned by one

Business entity: Why your business should be owned by one

Business entity: Why your business should be owned by one

April 10, 2022

Is your business owned by a business entity

Business entity meaning and why should your business be owned by a business entity

Business entity is a very important advantage for businesses particularly established ones.
However, before we delve into the benefits of having your business owned by a business entity, let’s understand what business entity’s meaning is. 

Business entity’s meaning is referring to the type and structure of a business and not what the business does. Simply put, a it is an organisation that has been created by one or more individuals with the purpose to conduct business activities. Therefore business entities can engage in all kinds of trade or take part in similar activities. 

There are several types of business entities. However, you must analyse and choose the best type to own your business, if you want to make the most of it.

Business entity types, their meaning and should your business be owned by one

A vast majority of all business is owned by a business entity. This is because having your business owned by a business entity has its advantages, especially for activities like enterprise software development. Moreover, the type of business activities you do, influence what would your most suitable type be.

The types of business entities are sole proprietorships, corporations, partnerships, limited liability companies (LLC) and limited liability partnerships (LLP).

Sole proprietorship 

Although it is officially recognised as a business entity, a sole proprietorship is not a special business structure that needs to be registered to conduct business. Therefore, one becomes a sole proprietor automatically when they conduct business outside of any other business entities. 

Therefore, this is usually used by freelancers and other service professionals. 

 

  • The biggest advantage of sole proprietorship as a business entity is that it is super simple to manage. 
  • The biggest disadvantage of sole proprietorship is that you are personally responsible for all your business debts and liabilities. Moreover, having no real separation between yourself and your business affects your access to getting finances (loans).  Additionally it makes it harder to build business credit too.

What are partnerships in business

There are two types of business partnerships as business entities: general partnership and limited partnership. 

A general partnership is like a sole proprietorship except that there are two or more business owners/partners.
Moreover, partners are actively involved in the business and share both profits and losses. Also you don’t have to register a general partnership. However, a big disadvantage is that all partners are personally responsible for the financial obligations of the business.

Furthermore, a limited partnership is a registered business entity. Additionally, a limited partnership can have two types of partners. One is a general partner that assumes liability for the business. The other is a limited partner that only acts as an investor. Moreover a limited partner does not assume any personal liability for the business.

Corporations

Corporations are business entities specifically created to do business. It is a separate entity from the individuals and people are not personally liable for business debts. Therefore, business experts would advise to have your business owned by a business entity that is a corporation. Especially, if your business is well established.

Moreover, corporations are taxed and are solely responsible for their actions. This is their key benefit, to avoid personal liability. However, the main disadvantage of this business entity is that they require extensive record keeping.

Limited liability company

Limited liability companies are the most popular business entity nowadays. Therfore, most business owners would advise to have your business owned by a business entity that is LLC. Why?

Because they bring both the advantages of corporations and partnerships together. Moreover, in LLC’s the profits and losses are passed down to the owners without taxation. Additionally, the business owners are also protected from personal liability for the business. If you want to learn how to register an LLC, we recommend consulting the experts at Business Nerd.

Why should you have your business owned by a business entity

Assess your legal liability

Depending on the nature of your business, you must assess how important it is for yourself to be legally protected from liability. As we discussed the business entity meaning, now you must review your situation.  Consecutively you can choose and apply the best business entity for your case. Moreover, you should see if you can afford the risk of liability. However, if you cannot don’t choose sole proprietorship or partnership.

What are your tax implications

Each business situation is different, so are their goals and tax opportunities. As a savvy business owner you are constant looking to reduce your costs and that includes tax implications as well. Additionally, corporations are a business entity that has by far the most tax options available. Therefore, if minimising tax is your goal, review your tax situation carefully. Moreover, speak with a professional tax advisor and then choose your company structure.

Administration and formation costs

Business is all about doing maths and getting positive results. Before choosing a business entity to own your business, calculate all the costs and advantages. If the tax advantages are less than the costs of doing business as a corporation, then a corporation may not be the best choice for you. 

Maximise the flexibility of your business

Having your business owned by a business entity that is an LLC or a corporation offers you maximum flexibility for your business. Moreover, these two structures work independently of the business owners. Therefore difficult situations that may arise between the owners. This can be due to them not having the same goals or financial situation. However it will not affect the business as it is an entity that does not affect personal liability.

Know your future needs

Think about the business in the next 5 or 10 years. How do you envision it? Where would you want it to be? Therefore, consider all possible scenarios, even such as sell off or death of a business owner. Morever, in order to have your business survive through ages you must be prepared in advance.

Now it is possible to answer this question: Why is your business owned by a business entity?

Because depending on the type of business you’re doing and if you’re not a freelancer, then the benefits of having a business owned by a business entity far outweigh the disadvantages. 

The meaning of a business entity is exactly this, to give you advantages and a better way of conducting your business activities.

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How to keep good buyer-supplier relationships and turn better profits

How to keep good buyer-supplier relationships and turn better profits

December 23, 2021

How to keep good buyer-supplier relationships

In the last couple of years many companies have realized why buyer-supplier relationships are important, and how nurturing these relationships is key for their long-term success. The importance of suppliers in an organization is especially evident in businesses relying on raw materials for their production. 

Knowing that we come to one of the biggest challenges for SMEs – developing an effective and tailored buyer-supplier relationships program. Hence, understanding the buyer and supplier relationship hierarchy leads you one step closer to enjoying the benefits of a vendor partnering with a supplier. 

In essence, building a solid buyer-supplier relationship requires strong foundations.

The fundamentals of a successful buyer-supplier relationship

Regardless of what link you are in the supply chain, the principles upon which a buyer-seller relationship is based are virtually the same. Yet, somehow, around 80% of B2B leaders have switched suppliers at least once in the past 2 years. These numbers show that the majority of relationships between buyers and sellers have issues that ultimately lead to breaking up the collaboration.

Communication

By having an open and effective two-way communication both sides will feel heard and understood. There’s no such issue that can’t be solved with a quick message, a call or even a lunch.

Respect

When both parties feel respected, more options are laid on the table and the chances to get to a mutually favorable agreement are bigger. In other words, if neither the buyer nor the supplier feels cornered, negotiations are likely to take a turn for the better and end up with higher profits for both parties.

Directness

The most important part of an excellent relationship is being open and honest about everything. It is imperative to be transparent and share all the information with each other. When both parties understand all circumstances future issues will be resolved quicker than when withholding important information.

Fairness

Usually, a business relationship breaks down when one of the partners feels like they are not getting a fair deal. Therefore, both parties must split the benefits fairly. Non is superior over the other. In essence, both sides should profit while not harming financially the other.

8 tips to maintain strong buyer-seller relationships

Creating and maintaining a strong buyer-seller relationship is imperative in business. That being the case, the following tips will help you maintain your buyer-seller relationships.

Establish both-sided rapports with fewer buyers

If you’re a novice in B2B, your first instinct might be to seal the deal with as many buyers as possible. While this seems like a great strategy to increase your profits, the scenario is not very probable, at least not in the long run.

Studies have shown that sellers that have established solid, both-sided rapports with fewer buyers, actually turn better profits and have a steadier cash flow.

How does that work? At first, the buyer-seller relationship is one-sided and not very favorable for the seller. They offer lower prices to the buyer with the purpose to bait higher volumes which usually doesn’t happen at the beginning. However, after a while, the buyer recognizes the value they get and increases the volume. The relationships become two-sided.

Be careful, the value the buyer is supposed to get does not include only product quality. Negotiating skills must be put to good work alongside truthful effort to nourish the relationship.

The service-over-sales approach

The reason why most buyers change suppliers is that their needs are often unheard of. In other words, sellers don’t pay attention. 

The first and foremost lesson coming out of this is: put the focus on the service, not on the sale. Listen carefully to what the buyer is saying and always tend to find a common ground. It’s important to remember that both sides should be satisfied with the outcome.

Combine technology with human efforts to create a seamless experience for your customers. Nonetheless, never make the mistake of dwelling entirely on tech. Where AI and ML fail, real humans excel. Find the right balance between these two and remember that a buyer-seller relationship is as strong as the effort put into it.

Make use of digital and collaborative technologies to your advantage

When it comes to building a company process that is efficient and effective in the present market, online platforms and systems are essential. As global commerce grows in importance and more business is performed digitally, having the backing of a collaborative, digital platform may assist supply chain professionals in better managing their buyer and seller connections.

When supply chain experts collaborate with a centralized database, they can store all of their interactions in one place and work together to establish a paperless, hands-free order-to-pay cycle, therefore minimizing the amount of paperwork and hours invested in invoice processing.

Jeff Mains, CEO at Champion Leadership Group LLC

Provide timely feedback

Do not call and yell at your supplier if something is wrong. Instead, maintain a calm and direct demeanor to avoid festering and developing into the traditional storm in a teacup. 

Even with the finest preparation and planning, errors and miscommunications sometimes occur. Hence, it’s critical to resolve them swiftly and professionally with your providers in order to maintain good buyer-supplier relationships. Always give your provider a chance to contribute to a solution. 

Robert Bolder, Founder of VPS Server

Think of your clients as individuals, not just a set of statistics

The majority of companies make the blunder of grouping all of their clients together. Customers are nothing more than a source of revenue or a means to a goal for them. But unfortunately, people don’t like it when treated that way, and your prospects will go if you continue to act that way.

If you want to build a connection with a customer, you should remember their name and some interesting information about them. Customers will appreciate your thoughtfulness if you provide these little touches in your service.

Robyn Newmark, Founder, and CEO of Newmark Beauty

Don’t be too pushy

Try doing your best to show a genuine interest in what works for people, so they know you are there to work for them. Be careful about always being too pushy. No one likes to be forced into something and that can be the case if you are too aggressive in selling your merchandise or service.

You have to also make sure that you do not seem irritated if the client is taking their time deciding on something. If it is not appropriate, take some time before getting back in touch with them.

Lynda Fairly, Co-founder of Numlooker

Proactively approach problems

Investigating allows you to read between the lines and proactively approach problems. You should plan out your approach and ask the right questions whenever something goes south.

This will help eliminate gaps in communication while ensuring there is clarity on both ends of the spectrum. Proper context allows you to maintain and safeguard your relationship before anything goes wrong.

Alex Williams, CFO at FindThisBest LLC

Listening to their suggestions and feedback

Providing clients with a high-quality product or service and customer service is not enough. We should also value their words to grow our company and our relationship with customers. There is nothing more special than making your customers feel that they are your priority.

Will Cannon, CEO of Uplead

How to find new buyers or suppliers?

Easily, be present on the B2B platform Enterprise League. Such a platform will be of great help when it comes to succeeding in building strong buyer-supplier relationships. 

On one side, you can publish business tenders and receive companies’ proposals. While on the other side, you can share your offerings and get contacted for prospective collaborations. The entire platform functions on AI working in the back, facilitating the B2B collaborative process.

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