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When You Discover Philanthropy is a Four-Letter Word in Business

2min read
Business

It was last Fall and I was sitting in a meeting with a representative from a well-respected financial institution, at a conference I had tried for years to score an invite to. I had set up meetings with a variety of people from a range of companies, some with a goal of potentially partnering with, others to hear how they would value my business.


For this specific meeting, the goal was the latter. I thought the meeting was going really well – the gentleman was very impressed with the financials of the business, the growth year over year and the industries we were focused on. Just before we were wrapping up, he turns to me and says, "so what's the deal with all of this money I hear you donate to charity?" I explained to him that philanthropy has always been a core tenet of EvolveMKD, and for me personally, I've always felt that when you are lucky enough to have success, it is your responsibility to make the world around you a better place. The meeting then took a quick turn towards negative town – he immediately started lecturing me about how I was impacting the long-term value and potential sale price of EvolveMKD – saying that any investor, private equity company or services network would immediately look at that as a waste of revenue. I politely thanked him for his perspective and ended the meeting.

Let's start with the obvious falsehoods around his point of view. Good karma and doing the right thing aside, EvolveMKD specifically focuses on charities that empower women and children in the U.S., working with organizations ranging from Safe Horizon, a shelter for domestic violence victims, MaxInMotion, founded by our longtime client, Jonah Shacknai and DREAM, an after-school athletics program and charter school located in Harlem. These organizations provide the participants access to resources and programs that they didn't have before – for example, many of the kids that participate in DREAM are the first in their families to go to college. From my perspective, those are all future well-educated consumers of many of the clients my company represents. More consumers equal more business, which helps fuel my agency's future growth. We also have hosted many events for DREAM students in our offices, which has resulted in us finding talented and hardworking long-term interns. Most recently, we hosted a group of high-school and college-aged students from the DREAM organization, educating them on the public relations industry and offering career advice. To see our very own senior intern, who we discovered through DREAM, lead a presentation about PR and Digital marketing to a group of students her own age was truly a rewarding moment.

The other business angle that was never considered by the gentleman I met with is how amazing of a business development and recruiting tool a commitment to philanthropy can be for a company. While we don't go overboard promoting our philanthropic efforts, we do highlight our commitment as a core principle of the agency in every new business presentation we do, as having values that match, is an important component of a successful agency/client partnership.

More often than not, when we sign on a new client, our agency's commitment to philanthropy comes up as one of the top five reasons EvolveMKD stood out from the competition. In our recruiting, the candidates will often come to interviews, asking about the opportunity to involve causes that are near and dear to their hearts and how they can potentially work them into EvolveMKD's programming. It's also been a huge part of our company culture – between donating our time, meeting new people and the financial support we provide, it's given the team a chance to bond and see one another in a different light. Plus, it never hurts to be reminded how much we have to be grateful for, especially on tough days, when nothing seems to go right with clients.

As I reflected more on that meeting, and the gentleman's reaction, I really felt that he was missing the big picture. Not only are we redirecting dollars to those most in need and providing our employees with something bigger than themselves to believe in, we are building our bottom line through philanthropy. That meeting helped to cement to me that if I ever do decide to take on outside investment, a partner, and/or sell business, an important part of my vetting process will be to determine how the company across the negotiating table views philanthropy. Philanthropy should be seen as a 5-letter word and that is "smart".



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Culture

Global Beauty: What's Trending In Aesthetic Medicine? With Dr. Rahi

I recently traveled to Paris to attend the International Master Course on Aging Science (IMCAS) and met with some incredible doctors from around the world to learn the latest trends in aesthetic medicine— the field of improving cosmetic appearance through medical procedures. My practice in Los Angeles serves a truly diverse and international clientele, and these conferences are a great way for me bring the latest global procedures and products back home for my patients.


Here are my three biggest global beauty takeaways from the trip! Face threads are an increasingly popular procedure to quickly and efficiently rejuvenate your look, and they can be easily tailored to your needs. The V-shape jawline contour is big in South Korea, if you're looking for something more transformative. Whereas women in Paris are embracing the art of aging naturally while still looking flawless with the help of minimally invasive threads.

Another big trend in global beauty is the process of utilizing radiofrequency therapy to heat the skin in order to reduce lines and loose skin. This incredibly advanced technology is now being used all over the body, especially on the face and vagina.

Finally, this may not be a specific global beauty trend, but the gender dynamics of beauty are majorly shifting in terms of both providers and patients. More women are entering aesthetics as providers and more men are utilizing aesthetics as patients. Italy has a quickly growing population of male patients, and in Brazil the gender breakdown is already 50/50!

Those were my major global beauty lessons from this trip, but I also spoke with several doctors directly about how their practices are shifting with the times. Here are some of the amazing doctors from all over the globe that I had the pleasure of meeting with in Paris, as well the latest products and therapies they recommend! The world of beauty is shifting, and we're going right to the source.

Dr. Rahi with Dr. Bernard Peyronnet

Dr. Bernard Peyronnet is a dermatologic surgeon whose patients include French celebrities and international royalty. He's based in the heart of Paris, working out of a gorgeous office that doubles as his home. Dr. Peyronnet revolutionized aesthetics by introducing the noninvasive chemical peel. He also loves adding subtle threads to a woman's face or body to create natural-looking improvements in contour, texture, or lift. French women never want to look like they've had work done. He calls his method the "French touch," which results in flawless results that keep everyone guessing.

As you can see, there have been some truly amazing global beauty advances in the field of aesthetic medicine, with doctors around the world continuing to innovate and refine their offerings. My time in Paris was so informative and inspiring, and I cannot wait to pass some of that knowledge on to my patients (and you!). If you would like to learn more about how the newest trends in aesthetics can help you achieve your desired look, please contact my office at doctorrahi.com to book a consultation!