Charity Begins at “Home”

Most are familiar with the saying “Charity begins at home.” In essence it means that you should take care of family and people close to you before you worry about helping others.

How does this apply to Entrepreneurs and business?

Most Entrepreneurs and small business owners have a desire to be generous to causes they believe in. That is after all giving back to the community they work and live in.

However, it is important to first take care of matters close to business and then outside. This entails making sure you first address the wellbeing of your employees. Ensure that your employees are compensated commensurate with their performance, have comprehensive benefits, opportunity to learn and develop their skills,  and well defined path for advancement.

Giving to charity and noble causes is great, but if you don’t take care of your employees first you might not be paying homage to the “charity begins at home” philosophy.

If you help others without first taking care of your employees, it might be at the latter’s expense and they might resent that. On the other hand, if you take care of your employees first, they might be motivated to join in and participate and contribute to your charitable causes.

Something to think about!

Ravi Patel

www.patelCFOservices.com

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