More than 50 percent of the businesses within the United States are classified as small business. In many areas, these companies employ less than five people and have a limited supply of income. However, these organizations are still capable of impacting local charities to help those that are less fortunate. After all, a stable community is a more profitable community. By investing time, energy and funds in helping, you actually improve society in your local neighborhood while increasing future sales from those you have helped. Here are some additional considerations as you think about working with local charity.
It Doesn’t Take Much
When it comes to local charities, any donation is more than nothing at all. For some small businesses, promoting the charity on the website can help spread awareness which could result in greater interaction. Taking time out of the day to help a charity can keep monetary costs to the business low while improving the lifestyles of others. Some businesses will even set aside a relief fund – a small percentage of monthly profits to help in emergencies such as fires or floods.
Increases Business Reputation
Micro businesses may not have the available funding in order to make large donations as multi-chain corporations. However, many people see sacrifice from smaller companies as more profound. While this shouldn’t be your driving force to help charities, it can still work towards your advantage by promoting the business as one that cares. You may be surprised by the number of people that find value in businesses that go out of their way to help humanity.
Tax Deductible
Depending on the area, every act of charity could be tax deductible. This can help alleviate some of the financial burden the company experiences every year. Time, funds and resources can be deducted reducing the amount you would need to send to the Internal Revenue Service. This is a win-win scenario as charities could receive what they need while your company can receive a kind of government reimbursement for helping.
Inspires Others to Act
When small businesses begin to put effort into local charities, others often follow suit. In many cases, it’s the competition that prompts other owners to contribute as they see the professional impact of what notoriety can provide. As mentioned earlier, being recognized for charity shouldn’t be the primary cause for contributing. However, it does help a community focus on the needs of others. People such as John Hailer have helped many charities while inspiring others to participate. If more business owners were as focused on society as these individuals, there would be far less suffering around the globe.
The small business can do a lot to help the local community. Whether it’s donating time or it’s providing goods for less fortunate people, this kind of assistance can help stabilize societies. Don’t assume that your business is too small to help. Even an advertisement on your website for the charity can make the difference.
