How we should react when economy slows down.
When the financial market is in chaos all across the world, people consider clinging on to whatever they have and also reduce expenses. And they think that everybody does so, mainly because newspapers proclaim as such.
Everyone ISN`T acting that way of course. In fact, some people and some businesses thrive no matter where the economy is going. And when you look for why that is, you find that the answer often lies in a simple place where most people have never even looked. Let’s explore together.
When a current is going downward, whatever the reason be, the way to survive is by rowing against the current. If we let ourselves to be swept away by the current, we may sink deep down and survival might become difficult.
The truth is that when we know how to steer ourselves and be our own masters, we will able to stay afloat or swim against the current, come what may. Let us see how we can manage it.
‘Go-getters’ or ‘Go-givers’
Let’s say we want more - more profits, a pay raise, more holidays, more freedom, and more opportunities.
When we want something, the first thing we tend to do is to go and get it. So, we call ourselves ‘Go-getters’. And being a ‘go-getter’ is, let’s face it, a sign of leadership, activism and an early-adopter mindset. This is of course one of the keys to the success formulae we often read about. But there is a problem. It turns out that when we use this ’strategy’, there are some unexpected (but quite predictable) consequences.
The gist of the matter is that after ‘getting’ and ‘possessing’ it we tend to ‘get rid of’ it. We might actually jettison it or might become apathetic to the whole idea.
And when we are tired of one thing we concentrate on getting something new. And these fresh cravings never end. The more we go in search of newer things, the wider the chain of desire that makes us continuously yearn for things. It simply becomes an addiction!
But what if we turned our ‘getting’ into giving?
You might be conscious that the act of contributing produces a unique pleasure. This arises from gratification and not from alarm or self-indulgence. One can go on contributing and get so much in return like a most rewarding expedition.
Our charitable and contributing approach will produce charitable and contributing customers and group mates whereas our concern about the cost and “getting tendencies” would bring in only like-minded co-workers. Companionship with such people is surely not welcome for us!
Inspiring capitalism
Most enterprises are conscious of this now. Companies have now started providing for others in myriad ways. A complete change has come over as companies understand how the idea of giving is crucial to their business. In an article in TIME Magazine in July 2008, it was Bill Gates who coined the word ‘Creative Capitalism.’
He opined that the idea of providing for others could become a crucial factor in encouraging people to buy one product rather than another.
The essence of what he says is that when a business has ties with the idea of giving in one way or other, it is bound to be more tempting to others. It stands out above thousand businesses the attributes of which are similar.
Creative Capitalism is the idea of taking things a step higher than the destination at which one would have originally chosen to make the compromise. When we can leverage our visions and initiatives in a way that helps and promotes the needs of the global society, we are conserving things, efforts and abilities in trying to win pro tem. Then we begin fashioning genuine success for us as well as for supporting our global financial system.
The appeal of effective giving
The initiative of bigger enterprises to contribute back to the society is known as Corporate Social Responsibility or CSR. It is fast becoming mandatory for large corporations to do so. Still, when it is done for image building or as a mere compulsion, public may eventually realise the truth. Nevertheless, it is a face-saving mechanism.
Business ventures and people who ‘donate’ become popular. The zeal and sincerity that prods them to act is recognized by the people with whom they interact. This response is on top of what is spun by way of the company’s public relation efforts.
What is likely to be the upshot if some of the capital meant for marketing is apportioned for contributions?
Giving creates something bigger than who we are. Giving creates inspiration. Inspiration can only be created when it resonates with the people whom we want to inspire. And we get inspired when we are involved in the experience. It is not just about hearing the nice stories of others. It’s actually participating in those stories. After all, we all want to feel good in life by making a contribution-to our family and friends, to our company and to our community.
Transaction-based giving makes it inevitable
A far better atmosphere for donating has become possible because of an idea (or we can call it a ‘phenomenon’) by the name Buy1GIVE1 (Buy One Give One). Buy1GIVE1 is the abode of transaction-based giving. Transaction-based giving overhauls everything. Let us put to use our resourcefulness and decide why.
How would you like the scenario whereby every time you have a coke at a nearby eatery, a needy child in Africa gets clean water at least for a single day?
Equally exemplary would be the situation where whenever someone subscribes to a magazine, a tree would instantly get planted in a barren patch in another continent? Or, if every time one eats a hamburger another would instantly get at least a handful of rice?
Consider the scenario of someone attending a coaching session. It would be commendable if someone who needs similar coaching would get it as a direct consequence (and just at the cost of not more than 60 cents for the day’s coaching).
Or if a conference sponsors has arranged a speaker, part of whose income goes to help kids who has speech impediments due to deformities, wouldn’t that be a matter to feel satisfied? Just by attending the conference and paying for it, you are becoming part of a noble cause.
Imagine now if you could apply transaction-based giving in your own unique way to match your main products/services to engage your customers and team members to be part of the giving story. Here’s how.
The real win-win economy
Already, companies right around the world are ‘getting’ the power of this transaction-based giving. Just one example-the UK’s leading supermarket chain, TESCO now gives a school uniform to a child in Kenya whenever a customer buys a pair of school trousers.
Volvic is a Mineral Water Company that launched its scheme of transaction-based giving program last year. They help the cause of making wells in Africa. They call the scheme Buy1 GIVE 10 as it helps in generating a flow of 10 litres of water in the well, by every single litre of water they sell.
Small to medium sized companies are now starting to take leadership in expanding this global giving movement through Creative Capitalism. Buy1GIVE1 (www.b1g1.com), a Singapore-based Social Enterprise came up with a mechanism that has turned this transaction-based giving into something every one of us can be involved in.
Buy1GIVE1 is the home of the most impactful transaction-based giving in the world because it connects any business of any size to any cause in the world. It’s creating a global community of business givers and for SME`s, Buy1GIVE1 connects businesses, their customers AND charities in a way that hasn’t been done before. And it all happens automatically.
Any person can become a citizen of this phenomenon of global giving merely by getting a Buy1GIVE1 `VISA` directly off the Buy1GIVE1 site at www.b1g1.com. Those who have their own enterprise can become a B1G1 Business through applying online and selecting the charity and the primary service or product for launching the giving. Buy1GIVE1 forwards the entire contribution amount to their international Worthy Cause Partners (more than 528 projects are available for members to choose from) thereby making their contributions highly productive.
Are you aware?
* Half the population of the globe -about three billion people-is forced to survive on less than two dollars a day.
* Even when the new millennium dawned there were still almost a billion people who were illiterate.
* According to UNICEF, 30,000 children die each day due to poverty. That is about 210,000 children each week, or 20 children every minute.
* A mere 12 percent of the world’s population uses 85 percent of its water; and these 12 percent do not live in the Third World.
* Medical aid is not available for one billion people of the world population.
* Every year about 63,000 square miles of rainforests get decimated.
Statistic From Global Issues
Buy1GIVE1 Businesses- scrutinize these examples
* Buy1BUILD1 (www.sunsplashhomes.com, www.arkgroup.com.au)
* Education to education (www.kipmcgrath.com.au)
* Medical practice providing healthcare (www.primanora.com)
* Phone card to communication (www.ultimatecomms.com)
* Mind Expansion to curing (www.meditate.com.au)
* Weight loss to kids’ meals (www.bodychain.com)
* Blind installation to lighting up schools (www.blindscouture.com.au)
* Socks for protecting feet from frostbite (www.socksforhappypeople.com)
* Learning to educating social organizers (www.b1g1forcoaches.com)
* And to get a complete picture, just go to www.b1g1.com.
Finding what we are looking for-Nature gives us the clue
So let’s come back to where we started-economic turmoil and getting what we want. What we all really want is actually very simple. You can sum it up with ‘C’ words - connection, collaboration and community.
When we can team up rather than break up and thus create a perfect way to combine resources rather than carry away from one another, we will perceive that there is so much more profusion and so many reserves present on the planet. And when we build relationships, not just with one another but with our innate selves, we understand something infinitely beautiful-that we’re all ONE. Then we realise how simple it is to form an international society from something as commonplace as giving.
The secret was always alive in nature
In earth’s natural workshop, beautiful butterflies fertilize flowers and help to produce gardens that continue generation after generation. It was there even before recorded history.
Failures are said to be stepping stones to success. In the same way we can turn setbacks into advantages. In reality we should be thankful for the current situation that is helping us to move ahead.
And when a person chooses to donate now itself, in spite of the financial crisis, he will feel more contended. And with this contentment he will find a hope that is rekindled anew, which will ring a bell on how the ebb and flow of things can change. Today’s charity might be that which will reverse the flow.
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