Creating your own business is an exciting prospect and it’s something that not everyone will be able to achieve in their lifetime. Some might get close to launching, whereas others might only last a few months before giving up. Being fortunate to create a business that lasts is one to celebrate.

Whether you’re a solo business owner or you end up managing a workforce of a dozen or more, here are 8 helpful tips to create a business to benefit others.

1.) Create products or services that provide educational value.

As a business, a lot of your success is going to lie in the quality you create in the products and services. There are lots of fantastic products or services that you can offer to your customers that offers some level of value to them. Whether it’s to fulfill a need that they have in a professional capacity or to help satisfy something in their personal lives. For example, you might wish to offer an extension of products that are related to the educational field such as sell teaching projects. The products and services you sell will reflect your business and its reputation. Therefore providing something that offers much value than just something simple, can be beneficial for the company.

2.) Donate a percentage of your sales revenue.

If you’re looking to give back to others, then it might be worth looking at your philanthropic opportunities as a business. There are businesses all over the world that look to donate some of their sales revenue to charities and communities in need. It’s a great way to show a giving attitude and also support those charities or minorities that are in much need. Compassion is something that we all should have as humans and it’s one quality that makes for a great company in 2024.

With that being said, consider what amount of sales revenue you could afford to donate. Of course, it’s important to ensure enough funds are being given to you and your staff but when you’ve got extra to spare, then giving to a charity or local community is an absolute must.

3.) Give your time as a business, not just money.

When it comes to giving back to the community and to others within your business industry, money is not the only thing you can give. For some, time might be a valuable commodity to give to others. Although it might not be something you have a lot of as a business owner, you could always make time for those who want to give their time to you.

There’s a lot that can be learned through the teachings of others, especially within business. It might be that you have something of value that others would benefit from. That’s why it’s a good idea to offer your time as a business, rather than just your money. Look at ways in which you could showcase your own talents and the company’s when attending events.

4.) Work with a variety of suppliers.

Suppliers are readily available when it comes to your business needs. However, there may be some suppliers that could do with the contracts more than others. When you’re picking from new suppliers, try to put your faith in those that may be just starting out or don’t possess some of the big contracts that other major corporations and organizations may have.

Working with new suppliers and a variety of suppliers from different backgrounds is a great way to give back. It’s an opportunity that can be great for those who might be in a situation where they need the support of bigger businesses. Even if you consider yourself to be a small organization, you’re a big one to someone else.

When picking suppliers, take a look at what’s available in your local area. Remember, supporting your local businesses is always a good thing.

5.) Use your platform for good.

There are lots of people and organizations out there that have a lot followers and therefore plenty of influence. It’s important to remember this as your business grows. If you’ve managed to reach new heights with your social media platforms or your business in general, then it should be something that’s used for good.

From speaking out about important topics to giving back to those online and offline, using your platform for good is always going to win you those all-important brownie points. As many businesses rely on their reputation to bring them up, using your platform proactively in a positive way, is only going to benefit you further.

6.) Don’t be greedy.

It’s important to not be too greedy in life. Greed is a problematic approach to have when it comes to your business because you can easily be led down a path whereby you don’t have much compassion or give to others as a result.

Greed can be almost all-consuming if you allow it, so it’s necessary to try and do the opposite when it comes to the opportunity to give. Imagine your business in a situation where you were in need of a handout or a helping hand.

You’d want someone there to help, right? Being ignorant of those around you and those who are in need isn’t going to help your business. It’s also likely going to bring about more enemies who will be more than willing to see you fall off the tree, hitting all the branches on the way down.

Try to avoid being greedy and find ways in which you could lift others up instead of taking all the accolades for yourself. For many businesses, a business is grown by a number of people, not just by one or two persons.

7.) Create an opportunity for staff growth.

Your staff growth is important to nurture as the business builds too. That means giving your workforce the opportunity to grow through training. Training has always been a core benefit for any business looking to take their company from strength to strength.

Speak to your staff about what they want and how they’d like to grow within the company. Chances are, you’re going to have some people who want the staff training and others who would be happy to remain as they are.Most staff members would appreciate being valued when it comes to the company they work for and offering training opportunities is a part of that. Take a look at what you could offer your employees in order to build their own experiences and knowledge.

8.) Collaborate with smaller businesses and startups.

Finally, make sure you’re collaborating with those that are looking up at you and seeing you as a big business. You might not feel like one, but it’s essential to look at what opportunities you could give to the smaller fish in the pond. They are and will be, after all, someone who lifts you up when you need the support.

Creating a business that benefits others is one that truly is enjoyable to run. Use these tips to make it happen for yours in 2024!!