It appears counteractive to aid other businesses to expand, especially when they aren’t paying a fee, or it’s not a partnership. However, encouraging growth in others is an indication of mature leadership, something people automatically notice. If you believe in service or product that is not necessarily investing in your business, seek to help them. Here’s why
Companies that have run for longer have a wealth of information that could save start-ups and small businesses resources. The logic in aiding others with the knowledge you know is that it sharpens your skills. If you find that you’re having a hard time explaining to someone what you do things as you do, that’s a red flag. In helping others, you’re able to equally assess the quality of the data you have, and how it has affected your business processes.
You see more opportunities to make a difference
Giving is contagious, and once you do it, it will be part of your life. It is why J. K. Rowling is off the billionaire list. If you’re a web development company, you’ll begin to note areas in the community and in other companies where you can create a positive impact. It will also be harder to hoard what you don’t use anymore and give them to those needing said resources more.
A new way of seeing things
There’s the initial culture shock that we experience when we’re in new environments. However, in that space, you’re able to see a different way of doing things. In as much as you’re helping, it is interesting to see how knowledge gets implemented. That can affirm your way of doing things works for your business, or it is perhaps time to make a few changes.
It creates a positive chain reaction
It can be near impossible for a business that’s been changed by your generosity not to pay it forward. At whatever level of growth, they will equally see opportunities to help others thrive. That could be through making introductions or volunteering. The company will aim to do the same for others, and they to benefit as you have.
What is done in secret indeed comes to light
The more people you help, the more your brand name gets thrown around. You will get more introductions and referrals. The industry players and perhaps even the media would be interested in understanding why you’re helping others grow. There are automatic rewards for doing what’s right. Maybe it may not be overnight, but eventually, it will come to light.