Your business can build strong bonds with your community by integrating philanthropy and community service. Giving back can come in many different forms, but all entrepreneurs can incorporate philanthropy and social consciousness into their business.

First and foremost, don't make things worse. Ensure your company is operating with socially conscious principles: eco-friendly packaging, products that are biodegradable and won't harm the environment, and safe and humane conditions for factory workers in other parts of the world. Cut down on unnecessary waste by making it a company effort to reduce consumption of office supplies and furniture. According to the U.S. Environmental Protection Agency, tracking how much waste your office produces and making tangible goals to reduce it is a good start.

In lieu of rewards or bonuses, make donations to worthwhile causes of an employee's choice. Encourage them to take sabbaticals that allow them to support philanthropic causes that call to them. Making these things part of your corporate culture might not always seem like a lot, but everything adds up.

Published on: Oct 29, 2018