The olden ways of business dictate that – you take all you can and give nothing back. That ethos is on its way out. <\/p>\n\n\n\n
The new crop of companies begs to differ from such a mentality of “Take-all.”<\/strong> Starting a company\/business is about giving back to society in a sustainable way which can make an even more significant impact on the world and the people that inhabit it. <\/p>\n\n\n\n Preceding companies conducted business in such a way which brought harm, poverty, inequality, and a colossal wealth gap, to our world. Their negativity penetrated the annals of commerce and society as a whole.<\/p>\n\n\n\n Budding entrepreneurs and enduring leaders have realized that you must give more than what you get in return. Wise people have said, “Giving is receiving.” There is a consensus on ethos.<\/p>\n\n\n\n Tech organizations, such as Techstars, Y-Combinator, and 500startups, have been long-time advocates of the “Give-first”<\/strong> phenomenon.<\/p>\n\n\n\n The latter tech and business organizations realized that their purpose is more than churning out cash flow and high profits for shareholders. <\/p>\n\n\n\n Their job is three-fold in that their business activity must yield – Financial, Planetary, and social benefits to customers and society at large. Companies like Warby Parker, and Lenskart, to name a few, have adopted the 3P business model: People, Planet, Profits. <\/p>\n\n\n\n Companies that have adopted this operating model have made a heart inside their customers, which has yielded higher profits for companies operating with such conviction. <\/p>\n\n\n\n Photos by Vecteezy<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" The olden ways of business dictate that – you take all you can and give nothing back. That<\/p>\n","protected":false},"author":2,"featured_media":191,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,5],"tags":[20,16,9,22,90,88,87,89,27],"class_list":["post-134","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-technology","tag-apple","tag-big-tech","tag-long-term","tag-ltse","tag-people","tag-planet","tag-profit","tag-purpose","tag-working-mothers"],"_links":{"self":[{"href":"https:\/\/longtrepreneur.com\/index.php\/wp-json\/wp\/v2\/posts\/134","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/longtrepreneur.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/longtrepreneur.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/longtrepreneur.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/longtrepreneur.com\/index.php\/wp-json\/wp\/v2\/comments?post=134"}],"version-history":[{"count":3,"href":"https:\/\/longtrepreneur.com\/index.php\/wp-json\/wp\/v2\/posts\/134\/revisions"}],"predecessor-version":[{"id":179,"href":"https:\/\/longtrepreneur.com\/index.php\/wp-json\/wp\/v2\/posts\/134\/revisions\/179"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/longtrepreneur.com\/index.php\/wp-json\/wp\/v2\/media\/191"}],"wp:attachment":[{"href":"https:\/\/longtrepreneur.com\/index.php\/wp-json\/wp\/v2\/media?parent=134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/longtrepreneur.com\/index.php\/wp-json\/wp\/v2\/categories?post=134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/longtrepreneur.com\/index.php\/wp-json\/wp\/v2\/tags?post=134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}