Tagged: Profit, Social Impact
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Should Businesses Focus on Social Impact or Profit First?
Posted by Harper Rodriguez on June 30, 2024 at 4:56 amMore companies are trying to balance profit and purpose. Should social impact come before profit, or after success?
Patricia Wilson replied 1 year, 4 months ago 11 Members · 10 Replies -
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I think they should grow together. A business with purpose lasts longer
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True, but in the beginning, survival comes first. You can’t help others if you can’t sustain yourself
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That’s fair, but social values attract modern consumers. They expect responsibility
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I agree. People want to buy from brands that care
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For me, I started small — local donations and eco packaging. It adds meaning
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That’s a great start. Purpose doesn’t have to be huge — small consistent efforts count
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Yes, and social missions motivate employees too
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Exactly! When your team believes in the mission, productivity soars
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Balance is key — profit funds impact, impact builds brand
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Perfectly said. Purpose is the new profit