What is a Good Business?
A Good Business is a well-run business that is good for customers, employees, owners, suppliers & distributors, the environment and the local community where it is based.
Benefits of Good Businesses
A Good Business is not just an idea, it is a strategy positioning any business to be sustainable and win in the long term.
Good for Owners
Good for Customers
Good for Employees
Good for Suppliers & Distributors
Good for the Environment
Good for Local Communities
How Good Businesses are Good for Owners
- Providing a good return on investment to the owners.
- Achieving the purpose of the business set out by the owners.
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How Good Businesses are Good for Customers
- Consistently providing high-quality locally made products/services that improve the quality of life.
- Delivering a positive customer experience.
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How Good Businesses are Good for Employees
Fair Compensation
- Living wage – enough to support basic living costs for employee and their immediate family (healthcare, education, food, housing, retirement and more).
- Fair pay, in comparison to others doing the same job.
- Company ownership/buy-in options.
- Pay growth relative to growth in the value of the business.
Treatment with Dignity
- Respect and being valued.
- Empowerment and training.
- Providing opportunities for growth.
- A fair chance to succeed(for example, opportunities for improvement before letting people go).
A Healthy working environment
- Safe work environment.
- Accessible work environment.
- Positive work environment.
- Inclusive work environment.
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How Good Businesses are Good for Suppliers & Distributors
- Fair terms, relative to other similar partnerships. These terms include: Contract, conditions, pay and treatment.
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How Good Businesses are Good for the Environment
- Restoring the environment (water, air, land, etc).
- Preserving the environment (water, air, land, etc).
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How Good Businesses are good for the local communities where they are based
- Positively contributing to the welfare and livelihood of people in their community.
- Positively contributing to the social fabric of this community.
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