Helping people often costs money and yet making money and helping people sometimes seem to be mutually exclusive. Or are they? Throughout history corporations have provided billions of dollars to charitable organizations and regardless of its size, your company can help too. With the aid of OSI's outsourced accounting services, you can learn to balance the seemingly conflicting desires of making money and doing good.

I've Made Money And I Want To Use It To Help People

Sometimes it can take years of hard work to get a struggling business going. However once the company becomes stable, there is the question of what to do with the profits. Traditionally the answer is you invest back in the company, grow bigger, and make more profits to invest in the company.

However many organizations have chosen to use at least some of this money to fund charitable organizations. Some form charitable foundations that distribute this money as grants to a variety of non-profit corporations. Others may focus on individual organizations, such as McDonald's support of the Ronald McDonald House Charities that provide inexpensive shelter for families with children in the hospital.

Some of our corporate clients work with OSI outsourced accounting services to find ways to channel their profits into socially responsible causes. This can range from donations of cash and old equipment to employee volunteer programs to organized charity drives.

I Want To Help People But I Need Money To Do It

In recent years, OSI has seen the rise of an exciting new business trend called "social entrepreneurship". Rather than forming non-profit organizations for socially responsible causes, more people are forming regular, for-profit corporations that provide positive goods and services plus donate their profits to other organizations.

By working with outsourced accounting services such as OSI, these social entrepreneurs can structure their businesses from the beginning to be both responsible and profitable. They can incorporate policies such buying green energy and work at home programs, plus they can form partnerships with non-profits to receive the corporate profits.

The flexibility of the traditional for-profit structure gives social entrepreneurs much more power to generate the money needed for social programs. They can use the same strategies companies have been using for centuries to increase revenue and grow the company as they like. They don't have to depend on unreliable sources of money such as private donations. They have the potential to raise more money than a non-profit organization could.

OSI is proud to offer our outsourced accounting services to these organizations and help them achieve their laudable goals. Profit and non-profit no longer have to be strangers. This fusion of the two worlds may change the way both private business and public charities operate in the future.