There are many different types of structures for setting up a business or organisation which broadly categorise into the following key areas:
Each one has its own legislation, legal responsibilities, risks and rewards. Most importantly, each can be used as a business for good.
Here at IS Accountancy we can guide you through and help you decide which is the right option for your individual circumstances. Assisting you in setting it up, preparing your paperwork, accounts and reports to help you meet your annual obligations and the day to day running. Contact us today to define your business for good structure.
Business for good model
Work should enhance lives. Work fills a large part of our lives, it can bring satisfaction and fulfilment when you know your organisation steadfastly holds purpose over profit.
It can support and provide for your personal and professional needs. It can inspire, it can create the perfect conditions for creativity, innovation and sustainable growth.
Sound too good to be true? Research fully supports and exemplifies this way of being and working:
Organisations with a strong sense of purpose:
- Are 4 to 6 times more likely to win sales, gain support, loyalty and trust from clients (Zeno)
- Inspire advocates, with 8 in 10 citizens taking action when they believed in the company’s purpose (for example sharing positive reviews, personal recommendations and purchasing) (Zeno)
- Increases workplace satisfaction and wellbeing, according to Deloitte’s 2024 Gen Z and millennial survey, with more than 8 in 10 saying having a sense of purpose at work is vital to job satisfaction (Deloitte)
- Retain employees who are 64% more satisfied with their work (Deloitte)
- Have 30% higher levels of innovation and 40% higher levels of retention (Deloitte)
At it’s core a business for good model is about making a meaningful difference through your work (processes, policies and decision making) to improve and protect the wellbeing of people and our planet; within your organisation, collaborations, community and beyond. After all they are intrinsically linked.
Nurture a fulfilling work culture
Nurture a healthy, supportive, rewarding working environment and culture which helps your team to thrive and grow with you.
Review, budget and action ways you can improve your work environment.
Review ways employees can bring their whole selves to work. Think about what you can provide to support their lives on a day to day basis and fulfil their potential.
9 powerful ways you can support your employees (and beyond) through your organisation:
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- Bring the outdoors in (indoor plants / natural materials / fresh air / natural light / scene scapes and soundscapes) to increase team wellbeing
- Take walking meetings in the great outdoors to re-energise and lift spirits, provide space for innovative thinking. Research by the University of Stanford has shown walking can double an individuals creative and problem solving ability.
- Fair, equitable pay
- Pension contributions
- Flexible working options to give employees autonomy in when, where and how they work to accommodate caregiving responsibilities, wellbeing and appointments
- Budgets/tokens for transport and care
- Train up a Mental Health First Aider in the team
- Allocate time for volunteering and mentoring
- Allocate an annual budget for learning and development…
These are just a handful of ways you can use your numbers to discover their full opportunities and potential. Give our team a call to discuss your individual circumstances.
Your co-pilots
Having a team (internal and external) that share the same values and vision is powerful.
Engaged employees are 17% more productive and experience 21% higher profitability according to research by Gallup.
As a team we enjoy spending time together and have an open door approach to communications so everyone feels seen and heard. When a challenge arises we can openly talk it through and work out a solution together, and learn from each other.
A supportive environment is so important and this extends beyond the team to our clients and associates.
Circumstances can change suddenly in business and life, we’re here to help you navigate and budget your finances to support both needs, together finding the best route forward.
Global impact
IS Accountancy has been members of B1G1 from the start. We are in awe of the multiplying global impact it has.
Our team alone is striving to create 100,000 impacts by 2030 to help transform many lives through projects such as providing clean water, food, renewable energy solutions, education, protecting native forests through community-based efforts and business skills. To date (11.06.25) the B1G1 members together have created 373,998,479 impacts around the globe! The ripple effect is huge. We have made more than 30,000 impacts so far.
The numbers really count for so much more than the initial impact, as the old proverb goes “Give a man a fish and you feed him for a day. Teach him how to fish and you feed him for a lifetime.“ Lao Tzu, Chinese philosopher.
“IS Accountancy are one of our most generous donors and I really wanted you to know how much difference your gift (via B1G1) has made. You’ve given 20 days of a cooks salary – that means a woman from a village has been paid across a month to cook nutritious hot meals for children who might not otherwise eat that day. And she’s brought vital income into her own family. That cook could be Liliane, from our newest school kitchen in Tuopare Junior High School. She told us: ‘As a mother of six, this job will bring a huge relief to me and my family. I can now provide for my children.’ Once again, thank you SO much for what you’re doing – you are really changing lives.”
Michele, Action Through Enterprise
Read more about a couple of the different types of projects we’re supporting via B1G1:
For us, B1G1 provides a seamless way to integrate giving back into our daily routines and ways of working to make more impacts beyond the spreadsheet.
We truly believe that every business has the power to make a significant difference in the world.
Positively ‘changing lives’ is exactly the reason why we support projects through B1G1 and ultimately why IS Accountancy was formed; to do things differently and make the numbers truly count.
Join us.
There are many ways your organisation can use your business for good in the community and environment, for example:
- Charity Sponsorship (membership / corporate partner / event / prize / proceeds from sales)
- Litter Pick/Beach clean
- Collaborate with local businesses and councils to influence local and national policies
- Volunteering
- Donating to a foodbank…
To get started, identify the need in your local community. What’s on your doorstep? Find a local community project or cause your team is passionate about supporting and take the first step.
The key takeaway for all businesses, large and small, is to remember that there is power in purpose and in numbers, together we can achieve so much more.
We’re here to support and help you navigate every step of the way.