Why entrepreneurs are supporting their local community
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In 2020, it is time that entrepreneurs decide to give a little bit back to the area that supports them. If a company has not yet adopted philanthropy of any sort, this is a good move to make as it means that they are able to uplift their local community in some way.
Let’s take a look at why local entrepreneurs should give something back.
Nurture potential talent
When recruiting, many companies tend to extend their lens to a nationwide search, or even potentially an international one depending on the post. However, the ideal candidate could be in their local city.
By choosing to nurture the local talent instead of going further afield, a business has the chance to build their ideal employee from apprentice or entry level all the way to management. Such an endeavour is not really undertaken anymore, so it would be fantastic to see companies supporting it once more to bolster and serve their local communities.
Altruistic outlooks
It feels fantastic to give back to our communities in whatever way that might be. However, it can also be a difficult mindset to get into, especially for business owners.
Trying altruism can be incredibly difficult to achieve, and it will often require a lot of active work on the part of the business owner to achieve their goals.
Luckily, there are several resources you can choose from, from books like Rebuilding You: The Philanthropy Handbook by Tej Kohli to documentaries about causes you could give to. No matter what their interests might, there will be a way to realign them with an altruistic preference instead.
Uplifting the local community
When asked to consider causes in need, many people automatically think of something that might be in another country. While there are so many good causes out there to support, it can also be worth looking at the ones that are local to the business, as there will most definitely be some that need help in some way.
Choosing to invest back into the community instead is a fantastic choice as it can help in more ways than one might initially believe. We should always try to uphold our local communities instead of moving our services away, says Tej Kohli. If a business has been there for years already, it will have no doubt put a lot of money into the community in terms of wages. However, it should do a little more to help boost those who aren’t employed there, and those who could benefit from the help they can give.
Moving towards philanthropic pursuits is always a fantastic pursuit for a business. No matter what, a company needs to be viewed in its local community in a positive light.
By choosing to give back, they are in the perfect position to do so. In 2020, every business should be supporting those around them as much as they can. Philanthropy is a brilliant start, and it is easier to introduce than people might think.