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The 7% Solution

In these times of economic uncertainty, I think everyone is a little cautious and fearful of what is going to happen next.  And regardless of politics, it is clear that both the government & the private sector need a little introspection.  Both seem to be living beyond their means.  So what can you do?  

Drink wine, that’s what!

I know that sounds silly, but here is my thought.  Despite the current economy, the U.S. is still by magnitudes the wealthiest & most productive nation on Earth.  Our GDP hovers around $14 Trillion.  Heck, the top 20 corporations in the country have combined revenues of $2.9 Trillion alone.  My calculator simply doesn’t have that many placeholders!

Now imagine if every company in the world dedicated just 1% of their net revenues to help others get back on their feet through direct charitable donation.  The organization 1% for the Planet suggests that this is something to consider — and that ‘profits to charity’ is a little too squishy (profits can hide $$’s, they suggest) so they endorse companies that give %’s of the top line — the revenue line — one that can’t be disputed.

Now take those GDP numbers (or even just the numbers of the top 20 corporations) and multiply it by 1%.  The number is enormous…and given directly to charity rather than to the government to re-allocate to welfare programs, it would greatly lighten the burden of the government and directly help millions in need.

The goal of Humanitas used to be to give 100% of my profits to charity — but I’ve embraced the message of giving directly from my revenue line and am working off of giving 7% of my revenues to charity.  Anyone familiar with the wine biz knows that profits are slim — despite appearances, it is not a high margin business by a long shot and most wineries are struggling to have any profits.  Our ’7% Solution’ is simply a way of setting our sights high…achieving them…and doing something to make the world a better place — one sip at a time.

Now take a look at your own company and imagine if it gave just 1% of it’s revenues to charity.  Or 5% or 7%…or more.  Most likely it is a big number.  I know I can’t expect everyone to do this — but just imagine if they did.  What a great solution!  Let me know your thoughts…and as always…drink charitably!

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One Comment

  1. Thank you. Every message for responsible businesses giving back is an amazing piece of the solution. There are more of us than we realize.

    Wednesday, November 19, 2008 at 3:30 pm | Permalink

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  1. [...] and the convergence of the wine industry and social networking, allow me to share with you about Humanitas.  Owner and Thought Leader Judd Wallenbrock wrote, “I’ve embraced the message of giving [...]

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