What we should be doing when the economy is down.
When the financial market is unstable worldwide, the first reaction of most people is to hold on to what they have and also cut costs. They also presume that practically everyone is doing the same thing, as that is the impression that newspapers create.
Everyone ISN`T acting that way of course. In fact, some people and some businesses thrive…
by Masami Sato
What we should be doing when the economy is down.
When the financial market is unstable worldwide, the first reaction of most people is to hold on to what they have and also cut costs. They also presume that practically everyone is doing the same thing, as that is the impression that newspapers create.
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-contributors’
Imagine a scenario where we want to have more – better profits, a higher salary, more leave, better liberty, and wider chances.
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 crux of the problem is that after ‘getting’ and ‘owning’ a thing, what eventually happens is ‘dropping’ it. We either actually throw it away or become indifferent to it.
So then we immediately shift our focus to getting more. And here’s the real problem; the more we do that, the more we create a cycle that actually makes us continuously feel as though we do not yet have enough. It’s like a carbohydrate addiction!
But what if we turned our ‘getting’ into giving?
Most of you are aware that the act of providing gives a sense of fulfilment. This ensues from gratefulness and not from panic or avarice. A person can go on providing more and receive more and know full satisfaction in the voyage of life.
Our abundant and providing attitude creates abundant and providing clients and team mates while our cost awareness and ‘getting approach’ would draw towards us only similar clients and team mates. And those are the type of people we would not like to be friends with!
Creative capitalism
Most ventures are today aware of the inspiring role of capitalism. They are ever ready to contribute more through many avenues. The idea has strongly impacted the business world as they realise how giving is central to business interests. A typical example is Bill Gates, who expounded the philosophy of ‘Creative Capitalism’ in July 2008 in a TIME magazine article.
He explained that helping others might be the fine deciding point that could persuade people to prefer one product to another.
What he’s actually saying is that when a company links its business to giving in some way, that company and its products become more attractive to customers. It takes us way, way above what’s been called ‘the sea of sameness’.
Creative Capitalism is concerned about reaching higher than what we might reconcile for to arrive at where we hoped to arrive. When we can make the most of our design and inspiration in a way that assists and fosters the larger community of nations and continents, we are preventing the wastage of supplies, endeavours and capacities to succeed. Then we are crafting the most authentic success for ourselves and for the financial stability of the countries across the world.
The charm of effective giving
Corporate Social Responsibility (CSR) is the phrase that’s often used to describe giving back at a corporate level. It’s becoming almost a required part of corporate business practice. Yet when it’s done out of a sense of obligation or with the intent to just make ourselves look good, people eventually get what it is. It still is a temporary strategy.
Individuals and enterprises that ‘contribute’, appeal to everyone. Their fervour and conviction about what they do are acknowledged by the people with whom they build up relationships. This acknowledgement is in addition to the official public relations campaign of the establishment.
What is likely to be the upshot if some of the capital meant for marketing is apportioned for contributions?
Giving gives rise to something greater than what we actually are. It has the power to inspire. And true inspiration is possible only when it echoes on the people whom we want to enthuse. And we are enthused only when we put our heart and soul into the procedure. It is simply not sufficient to listen to the interesting tales. One has to become part and parcel of the whole process. Everyone has this inclination to make one’s own input – to one’s immediate relatives, friends, and to the society at large.
Transaction-based giving causes it to happen on its own
The facility for contributing became so much simpler because of a programme (or one can say a ‘development’) called Buy1GIVE1 (Buy One Give One). Buy1GIVE1 is the heart of transaction-based giving. Transaction-based giving revolutionises things. Let us use our creativity and analyse how.
How wonderful is the situation where every time someone buys an ice cream, a child somewhere in an underprivileged country gets a cup of milk?
Imagine if every time you subscribed to a magazine you love, a tree got planted automatically just because you bought the magazine? Or every time you dine out, you fed a child in need? Automatically again.
Or supposing you are undergoing some training. How wonderful it would be if another eager student far away is also getting the necessary training as a corollary (believe it or not, the training does not cost the training institute more than 60 cents a day).
Or maybe even the speaker you hire for your conference makes sure that kids who can’t speak (because of facial deformities) now can by automatically giving back to a worthy cause connected to those kids. All of a sudden, you feel good too because you’ve done some good!
Consider whether you will be able to use transaction-based giving in your own exclusive way to go with your services or products to make your customers and other team-mates part of the saga of contributing. This is how you can do it.
The economy where all benefits
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.
Mineral Water Company Volvic also rolled out their transaction-based giving program successfully last year. For every 1 litre of Volvic people buy, Volvic gives funds to build wells in Africa in a program they call Buy1 GIVE 10 (since every 1 litre sold essentially creates a flow of 10 litres in the well.
Middle level and comparatively small enterprises are now in the forefront in widening this global giving phenomenon through Creative Capitalism. Buy1GIVE1 (www.b1g1.com), a Singapore-based Social Enterprise came up with an effective strategy which has turned this transaction-based giving into a movement that anyone who wants can participate 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.
You can become a citizen of this global giving movement by simply getting a Buy1GIVE1 `VISA` directly off the Buy1GIVE1 site at www.b1g1.com. And if you own a business you can become a B1G1 Business through a simple online application and select your cause for your main product or service to kick-start your giving. Buy1GIVE1 forwards 100% of the contributions to their international Worthy Cause Partners (there are now over 528 projects you can select) making the giving even more effective.
Are you aware?
* One half of the world’s population -which is about three billion people-does not have a daily income of even two dollars.
* Nearly a billion people entered the 21st century unable to read a book or sign their name.
* 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.
* Just 12% of the people worldwide utilize 85% of the water available for human consumption. And this 12% does not belong to any of the underdeveloped countries.
* About a billion people have no access to minimum health care facilities.
* Rainforests of about 63,000 sq. miles get destroyed every year.
Statistic From Global Issues
Buy1GIVE1 Businesses-check out these examples
* Buy1BUILD1 (www.sunsplashhomes.com, www.arkgroup.com.au)
* Instruction to Instruction (www.kipmcgrath.com.au)
* Medical treatment helping in medical aid (www.primanora.com)
* Telephone card helping in communication (www.ultimatecomms.com)
* Meditation to restoration (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)
* Coaching to train social entrepreneurs (www.b1g1forcoaches.com)
* And to get a complete picture, just go to www.b1g1.com.
Discovering what we are looking for-Nature has got the answer
So let’s let us return to the starting point-turbulent economics and managing to get what we need. The needs are in fact not all that knotty. They are just a group of three words that begin with the letter S – strong bonds, solidarity and society.
When we can pool resources and not segregate and when we can divine a proper way to augment what every one has got and not cut down from what each has got, we understand that there is a veritable cornucopia of sources to be had in the world. And when we bond, jot just with our physical persona, but with our intrinsic selves, we discern something completely fascinating -that we’re all ONE. Then we comprehend how uncomplicated it is to form a universal community from something as ordinary as giving.
And the truth is there in all its glory in nature.
In nature, bees and butterflies pollinate flowers and create sustainable flower gardens for many generations to thrive on. It’s been in front of us all along!
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.
About the Author:
B1G1 (BOGO) is now a global “movement” led by Buy1GIVE1. Visit
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