How to Stay Profitable While Giving Back

This Is Small Business

Trying to figure out how to make money while giving back through your business? Learn what it takes to grow your business when the foundation of your business model is social responsibility. Andrew Glantz, the Founder & CEO of GiftAMeal, explains how he managed to make a profit out of a business centered on giving back to the community. And Heather Cameron, a social entrepreneur and Michael B Kauffman Professor of Practice at the Washington University in St. Louis, tells us how to successfully build a business model that makes that possible.

This episode is brought to you by Amazon Business. Amazon Business provides a wide product selection, business-only pricing, and account features that can make running your small business easier. Amazon Business supports small business through various programs such as the Small Business Grants where Amazon Business gives over $250,000 to 15 small businesses who are Amazon Business customers. Amazon Business is committed to the growth of small businesses and invests in grants to help small businesses overcome challenges they face, freeing up their resources to focus on their mission and customers. Small Businesses are the backbone of our economy and when they succeed we all succeed. Create your free account today at amazonbusiness.com.

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(07:09) Andrew's insight on how to create a scalable, socially impactful business

(10:47) Andrew talks about how he got the Amazon Business grant and the importance of putting yourself out there.

(13:38) Quantifying the value and impact of your business quickly is essential for success because you'll have a compelling value proposition and make sales efforts more effective.

(17:61) Heather underscores the importance of alignment in an entrepreneur's journey and how it connects your brand with what matters to both customers and your team.

(20:56) Heather emphasizes that small business owners should think about their social impact in tandem with their business strategy.

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