Donating stagnant and unwanted stock to charity will be a noble thing to do. Then again, you will also have numerous enticing benefits that you would enjoy. To begin with, you would relieve space that can be used for stocking up new and fashionable items that your clients are actually interested in buying. This would by extension bring some sanity to your enterprise and it will not be challenging for you to keep track of your inventory.
Additionally, your stock will make an invaluable gift to an unfortunate person somewhere. At the same time, you will be getting rid of clutter that you hardly need. Statistics reveal that billions of people living in the US and in other countries depend on donated clothes to dress with dignity. Stretching a helping hand would therefore be a humane thing to do.
Additionally, through making charitable donations, you can enjoy amazing tax relief. Your business can reduce its taxable profits and you would be giving up stock that is likely to be collecting dust in your storage rooms. Simply ensure that your accountant takes into account what you give up for charity and pursue full capital allowances when filing your tax returns.
Even if you opt not to pursue tax deductions, your store will still benefit in another way. It goes without saying that your generosity will put your business in the good light and you will improve your public image. This will enable you to win the hearts of your customers and perhaps even create a wider client base. At the same time, you may enjoy an improved employee retention rate because your workers will deeply admire your values.
Clutter can pose the risk of getting injured. If you have too much old stock, you may have to create long stacks of boxes all over the store. Anyone accessing the room could accidentally get buried in the clutter, leaving you vulnerable to getting sued for personal injury. This can happen even if you have a dependable workers compensation insurance policy.
Fashion store storage rooms that resemble the homes of hoarders pose health risks in a variety of ways. To begin with, cleaning your floors and keeping the rooms well organized will be a great challenging. This could leave the store at risk of insect, rodent and mold infestation. In case of such concerns, your old stock would have to end up in a landfill and this is not good for the environment.
It is always better to ensure that the clutter that builds up in your fashion store is donated and reused. This would make a major difference to the environment and also to needy families. Donating makes your life more meaningful and you would enjoy a deep sense of purpose.
About the Author:
No comments:
Post a Comment