My company sells wine, changes lives, and is growing rapidly. As a CFO-turned-CEO, my business philosophy is simple: Put people first, and the profits will follow.
I am in business to expand job opportunities and awareness for the nearly 57 million Americans who live with disabilities — including my son, Matt. Although my company, 100 Percent Wine, donates all profits to organizations helping people with disabilities find jobs, I’ve seen revenue grow and my brand expand.
The trust and loyalty, generated by brand alignment with a cause, is a powerful differentiator.”
In fact, 90 percent of consumers are more likely to trust a company that supports social or environmental initiatives. Similarly, nine in 10 consumers say they’d switch brands to support a good cause, given a similar price and quality.
As a businessman, I know shareholders want the company to turn a profit. Fortunately, shareholder gains and social responsibility can do more than coexist — they can actually further one another. For instance, the 2014 Global Economics of Disability report proves that companies that support people living with disabilities actually produce higher long-term returns for shareholders.
My Son, My Business
My son was the inspiration for my company. As a father, it pained me to watch Matt face the stigma and assumption that he couldn’t do things I knew he was fully capable of doing. And throughout his life, Matt will have to work hard for job opportunities.
Just 17.1 percent of people with disabilities are employed, according to the Bureau of Labor Statistics.
I took my business background and set out to change that. While my company is still young, its mission has generated a healthy buzz around the wine and the brand. Considering that 100 million Americans have a friend or family member living with a disability, who doesn’t want to expand opportunities for this community?
Socially Responsible Leadership Strategies
If you want to help the world, cultivate goodwill toward your brand, and boost sales, it’s time for you to employ a “people before profits” philosophy at your company.
Here’s how to do it:
1. Authentically Share Your Story
Authenticity is a critical component of a people-first business strategy. Customers are too smart for greenwashing, and they can see through half-hearted giving. FIFA has no shortage of environmental and social initiatives, but that has done little to improve the organization’s public image.
Instead, tell customers what inspired you to show that you’re serious about improving society. Although I hesitated to share Matt’s story, I quickly realized that customers needed to know why I had dedicated myself to this cause. Now, people understand why I’m doing this and empathize with my mission to improve the world for people with disabilities.
2. Donate Wisely and Expect Results
Customers want to see you give charitably, not just talk about it.
However, be sure you vet charities carefully to ensure your dollars do as much good as possible.”
I searched long and hard to ensure 100 Percent Wine’s profits go to the most innovative, creative organizations working to provide jobs for people with disabilities.
We gave our first grant to UCP Heartland because it helps businesses find qualified staff from this community, and we’ll measure our impact by the number of jobs created through our donations.
3. Get Involved
While financial support is important to fix any of our world’s ills, doing volunteer work for the cause shows customers you’re willing to work in the trenches.
100 Percent Wine seeks to partner with both nonprofit and for-profit organizations that create jobs for people living with disabilities. Sure, I could just write a check every month, but actually working to create sustainable jobs for people with disabilities is so much more valuable. Show your customers why you care by volunteering, working directly with nonprofits, and advocating.
4. Engage the Entire Organization
This can’t just be a CEO initiative; the whole company should care about your cause. Hold rallies to pump up employees, and look for empathy and dedication when hiring new team members.
I’ve made sure every member of my company cares about helping people with disabilities just as much as I do. I hired my talent scout Chuck Blossom to make sure we had the right people on board. Chuck was previously CEO of Boone Center Inc. in St. Charles, Missouri, which employs hundreds of people with cognitive and physical disabilities. He is the right guy for his role.
Additionally, more than one-third of our team consists of people living with disabilities. As we expand further, I’ll continue to vet people not just on their skills, but also on their dedication to helping individuals with disabilities.
5. Think Long-Term
A mission to improve lives can’t be a short campaign. When considering a socially responsible brand strategy, ensure your company’s leaders are on board for the long haul.
To effect change and build loyalty, your brand must be committed to a cause for years to come.”
Newman’s Own has given $450 million to thousands of charities since its inception in 1982. The brand has built a following around the fact that it donates 100 percent of profits to charity, and people everywhere associate the name with charitable giving.
In fact, Newman’s Own inspired my pledge to give 100 percent of my company’s profits to organizations helping the community of people with disabilities.
Leading Lifelong Decisions
Even before my son Matt was born, I knew business should do more than make a profit. But the experience of fatherhood has influenced me to spend my days working to benefit Matt and everybody living with disabilities.
The decision hasn’t just given me a strong business — it’s creating a better world for people living with disabilities.
So what can you and your business do to put people before profits and make the world a better place? What sort of organizing and leadership will it take from your organization to get things moving in a better direction? I would love to hear your thoughts!
Never miss an issue of Linked 2 Leadership, subscribe today here!
Learn, Grow & Develop Other Leaders™
Image Sources: miteshkhatri.com