Social Studies: Being socially responsible is a key element of running a small business

Written by Rhonda Abrams, featured on Costco Connection Magazine

Small businesses have long been the backbone of their communities. Small businesses support local charities, Little League, food drives, school fundraisers and more. Most small-business owners don’t have to be told to be charitable-they already are. But being charitable is just one part of the wave of interest and increasing demand for businesses to be socially responsible.

In addition to focusing on the bottom line, being socially responsible is a smart part of a company’s strategy for success.

Social Steps:

  • Create an inclusive workplace with fair pay.
  • Donate a portion of profits. Choose an organization and make it clear a small percentage of your pre- or post-profit sales will go to that cause.
  • Think and work sustainably. Look for ways your business can reduce waste, consume less energy and lower its carbon footprint.
  • Donate time. A good way to build team morale as well as contribute to your community is to have your employees volunteer-on paid company time-for a good cause.
  • Donate products or services to causes you believe in.