A friend and business partner of mine mentioned his commitment to a charity the other day. As a technologist, he donates four hours per week to the cause, assisting them in developing technical solutions for their operation.
I probed a little further on this, and he proposed the idea that giving back is part of success, that the incoming opportunities will be reduced or otherwise tend to stagnate if one hordes their resources. He quoted the metric of 10%, citing that his four hours was based on the assumption that he should be working a 40 hour work week. (Like all entrepreneurs I know, including myself, he’s a workaholic, and works day and night.) Donating money or the resources of your business are both alternate paths to reach this state of cosmic balance.
While I tend to agree, I found myself thinking about how I lead my life, run my business, treat my employees, and serve my customers. I proposed that I give back every day by pushing employees to grow, going beyond the call of duty for customers, and coaching strangers in bettering themselves.
My friend proposed that the act of demarcating the 10% was important. “The act of ‘being cool’ is something you should do anyway. That’s just a function of life. It isn’t charity.”
I’m not sure about that. I think that, actually, my business would do better and that I’d have significantly less stress if I was, well, more of an a$$4ole. Just yesterday (on a Friday night when I was supposed to be sipping a cocktail), I took on the duty of considering a biweekly payment plan for a tenant. I give up late fees all the time. I’ve loaned money interest-free more times than I can count. The people around me who I have led by example, inspired by my confidence, and pushed by my faith (in them) have earned literally millions of dollars just by having known me.
Furthermore, I’ve turned my charity inward, employing friends and family in jobs for which they are not qualified (in hope, sometimes not misplaced, that they would step up to the plate). I spend time with folks from my youth who lack the ability to move themselves forward in achievement or socioeconomics, even though that means, often, that the extent of our conversation is limited to the nuances of Star Wars. I often hold my tongue in those situations, in fact, refusing the urge to correct the misconceptions about everything from basic economics to race relations. You can’t help someone if you’re just contrary. You have to teach them how to think critically and push them to embrace objectivity.
But I digress. On this point, you see, I’m torn. I want to give back, but I believe it would come at the cost of these other charitable practices I engage in every day. Most entrepreneurs insulate themselves in gated communities, elite clubs, and stay (or make) friends only with peers within their socioeconomic and education strata. They trade in the YMCA for the Country Club and embrace the close-mindedness that comes with it.
I don’t. Every tenant I have lives in a bigger and better house than I do. Every client I have works less. And every friend I have likes me in spite of whatever financial success I happen to enjoy, not because of it.
Most of all, I feel torn because I feel that in order to participate in charity more traditionally/officially, I’d have to be that much more harsh in my daily life.
(pause)
In writing this, I’ve come to a conclusion. However, before I share it, what do you think? Is it either/or? If it is not, and doing official charity work requires giving up my daily give-back routine, is it worth it?
Do you give back? How?
And finally, what would you do?
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