Problem Solvers podcast

Can You Give Away 25% of Your Profits and Still Build a Business?

26.10.2026
0:00
26:30
Spol 15 sekunder tilbage
Spol 15 sekunder frem
Flowers for Dreams gives away 25% of its profits. In the flower business, where margins are already brutal. Co-founder Steve Dyme sketched that number on a bar napkin 15 years ago, and he’s kept it through investor pushback and on-air skepticism from Megyn Kelly. The result is more than $1.8 million donated, and a spot on Entrepreneur’s America’s Favorite Mom and Pop Shops list. But there’s a twist. When he surveys customers, the giving doesn’t even rank in their top three reasons for buying. This episode is brought to you by CLA. With you on every step of your financial journey. To learn more, visit CLAConnect.com.Timestamps: 0:00 Intro 0:48 Can a business give back and still make money? 2:48 Selling leftover flowers on street corners 5:58 The solopreneur trap 9:05 Scaling on customer revenue alone 10:27 Why customers don’t buy for the mission 13:10 The mistake of overgiving 14:48 Where the 25% came from 15:54 Megyn Kelly’s tough question 16:54 Why investors pushed back 19:23 Why start a nonprofit too 23:21 Are there tax benefits? 24:24 Giving back only works if it’s real 25:10 Where to find Flowers for Dreams Learn more about your ad choices. Visit megaphone.fm/adchoices

Flere episoder fra "Problem Solvers"