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Paul Smith, founder
of PRS (Paul Reed Smith) Guitars, counts among friends most of the leading
guitar players in the world today (how about Carlos Santana for a start?). As
you can see from his quick smile, Paul is a lovely human being. He is also
very, very generous and this not atypical for small business owners.
National Federation
of Independent Business research tells us that small business owners are among
the most generous, most religious, and the wealthiest segment of our
population.
Many of the
business owners we have profiled have been very generous with their local
PBS-member station. Small business owners are forever giving things for the
annual auctions. Some have served on the board of directors. They are the
leaders within their trade associations, within their local Chamber of
Commerce, Rotary Club, Lions, Kiwanis, Big Brother / Big Sister, and on and on.
Topic for
Discussion: How can we make money if we give everything away for free?
Answer: Good
question! There are hundreds of churches and other non-profit organizations
that raise money or collect goods and then give them to people in need.
Marc Katz, owner of
Katz Deli in Austin, Texas told us he has learned in life that when he gives,
it comes back to him. The people or the charity he gives to end up circling
back to do business with him. Sometimes, someone connected to someone Marc
donated to comes to him to do business.
Marc also said he
is a big plagiarizer. This means he steals ideas and he doesn't steal ideas
from small business, he steals them from big business. His lifetime guarantee
idea came from the idea of the "Good Housekeeping Seal of Approval." His strong
commitment to charities comes from studying big foundations.
He reminds us that
people who run big businesses are, "not stupid." Big businesses establish
foundations and other programs to assist those in need because it always pays
to be nice. Other business owners we know who subscribe to this strategy talk
about it as the way they launched themselves in business.
Topic for
discussion: Why is volunteering to work with a non-profit organization good
for the soul and also such a good marketing technique?
Answer:
Albert Black is founder of On Target Supplies and Logistics. His passion is
community service and by accident he found this to be his best marketing
strategy. Albert gives of himself because he loves people and love life. Yet,
when you want to sell something, it is difficult to know who actually has the
checkbook! When you work on a good cause, you will meet people who will often
tell you who they know and who might possibly be your next customers.
Albert worked with
the Chamber of Commerce and when he received an award for service, John Castle
was present at the event. Today, John Castle is on Albert's board. John also
leads EDS, one of the country's largest companies, and as you might guess, EDS
is now one of Albert's customers, too.
You think about
it: What have you given in the past? What can you give? What should you
give?
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