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A study conducted in 2008 by the Corporation for National and Community Service indicated that corporate volunteerism is essential to the long-term success of large and small businesses. However, most small business owners are hesitant to participate in volunteer programs because their main priorities are to minimize their operational costs and increase their market share. Keep reading to find out why such entrepreneurs would be better off by choosing to be volunteers.
1. An Opportunity To Get To Know Your Community Better
Most volunteer programs aim to benefit the surrounding community. By volunteering in such a program, it would be a great opportunity for you to understand the community within which you operate your business. As such, you would be able to identify any unfulfilled needs that the community has and which your business can help it to fulfill.
2. It is a Step Towards Creating and Developing Your Business Culture
One of the easiest ways to create a good business culture is through teamwork, which is a vital key of all volunteer programs. By engaging in these programs, small business owners can improve their employees’ teamwork skills. Ultimately, teamwork usually improves the morale of employees and this is likely to impact on your business positively. Allowing your employees to make suggestions on which volunteer programs the business should support develops their sense of pride in the business culture.
3. It Creates a Positive Reputation for Your Business
Participating in volunteer program enables the community to get to know both you and your business better. The community will most likely appreciate your work ethic if you are willing to contribute your time towards nonprofit generating programs. When you decide to volunteer, it is important to ensure that you do a great job since this will build a good reputation for you and your business.
4. You Can Foster a Mutually Beneficial Relationship with The Community
Businesses that support their local communities are more likely to receive support from them. It is barely possible for small businesses to thrive if they operate within communities that are struggling. By participating in volunteer programs, you would be able to contribute towards building a strong and vibrant community. You can also network with other small business owners whose experiences can enhance your business skills.
5. You Can Gain Some Tax Advantages
Some volunteer programs enable business owners to donate their goods and services. If you take part such programs, you may be eligible for tax relief from the government.
6. You Are Able Get Free Advertising
When you volunteer, the organization/program you join will mention your business name during all its activities and meetings.
7. Through Volunteering, You Can Integrate Good Values into Your Business
All businesses, whether big or small, have a corporate responsibility to make a difference locally or internationally. You can fulfill this responsibility by participating in programs that solve various problems within the community.