Randy Molland, the Chief Giving Officer of Give Big Strategies, explains the importance of corporate philanthropy and its potential to drive business success and lead to improved employee engagement and customer loyalty. He highlights how businesses and nonprofits can collaborate to create win-win scenarios. Molland’s journey began in real estate investing, but burnout and a desire for more purposeful business practices led him to embrace the idea of giving back. He states, “If you want to make $1,000,000 a year, build a business that does $2,000,000, give $1,000,000 away, and you’ll be the happiest millionaire on the planet.”
Molland emphasizes that companies should start incorporating giving into their purpose from the very beginning, as waiting until they are more successful may hinder their ability to develop a giving mindset. He compares giving to building a muscle, where even small gestures of generosity can lead to a stronger commitment to making a positive impact.
This fast-paced interview also explores how businesses can engage their staff in philanthropic efforts. Randy shares a story about a sales company that successfully motivated its employees by connecting sales goals to their charitable giving through their profits. This approach created a sense of purpose and unity among the staff, leading to increased morale and sales.
Randy stresses that it’s not about the mission itself but the passion behind it, explaining that effectively communicating the reasons behind supporting a particular cause can make all the difference in how consumers perceive a brand’s philanthropic efforts.
One key statistic discussed during the interview was how 89% of consumers are more likely to buy from a company with a giving initiative, reflecting the shift in consumer behavior to a growing desire to support businesses that make a positive impact on society.