5 Benefits of Hosting A Corporate or Family Retreat at a WBENC-Certified Company
Updated: Apr 26
When choosing to partner with a corporate retreat venue company, why not choose a WBENC-Certified Women’s Business Enterprise (WBE) like Twin Oaks Guest Ranch? Our owner Deb Ward now has two WBENC-Certified companies. She is sought after on a regular basis for her supplier diversity expertise. And now by booking a corporate retreat event at the Ranch, you can get access to the many benefits.
Women’s Business Enterprise National Council WBENC aims to “foster diversity in the world of commerce. Diversity promotes innovation, opens new channels of revenue, and creates partnerships that provide opportunities that fuel the economy.” By definition, a booking at Twin Oaks Guest Ranch does this.
When choosing to partner with a WBENC-Certified retreat venue versus one that is not, we’d like to share with you the financial and diversity-inclusion benefits to your business beyond your unforgettable and impactful company off-site experience.
#1 Hosting a corporate offsite or company retreat at Twin Oaks Guest Ranch provides IMPRESSIVE TAX INCENTIVES
Working with a WBENC-Certified WBE can provide your company with many tax benefits. Check in on your specific state of conducting business to see if tax incentives may be available. The federal government affords tax incentives to those who choose to partner and do business with minority and women-owned businesses like Twin Oaks Guest Ranch. We are woman-owned and woman-operated. Additionally, tax liabilities are reduced for projects funded with federal or state grants or loans when the supplier is a women-owned business.
#2 Choosing a WBENC-Certified, woman-owned business DIVERSIFIES YOUR SUPPLIERS TO CREATE MULTIPLE PROCUREMENT CHANNELS
Twin Oaks Guest Ranch is a diversified supplier, so we provide multiple ways to acquire goods & services. When partnering with a WBENC-Certified business, you gain access to multiple channels for goods and services which allows you to analyze various factors and choose what options are the best fit for your company’s needs. Increasing your partnerships with WBENC-Certified businesses gives you the added benefit of building relationships with suppliers’ alliances.
#3 Booking a corporate retreat or team off-site at a WBENC-Certified location OPENS NEW SOURCES OF REVENUE OPPORTUNITIES like lowering overall operating costs and increasing your ROI
Recent research done by the Hackett Group shows that working with a WBENC-Certified business can increase your profitability by providing specific competitive advantages with as a 130% ROI return on investment. Also, the researchers concluded that hiring organizations who work with a diverse supplier base (aka WBENC-Certified) spent 20% less on their buying operations and had lower overall operating expenses. This could be your company when working with Twin Oaks Guest Ranch.
#4 Getting connected with WBENC-Certified companies PROMOTES CREATIVITY & INNOVATION in your company and team
WBENC-Certified companies like Twin Oaks Guest Ranch are small businesses and we bring creative solutions and innovation to the table so we can stand out from the crowd of ‘competitors.’ We don’t believe in competition, we believe in win-win collaborations. As a smaller company, we have the advantage of flexibility & agility, making course corrections, with faster turn-around time because you will never get lost in a sea of clients. We pride ourselves in implementing innovative strategies to meet the needs of our clients’ events and visions.
#5 Make choices that SHOWCASE YOUR COMPANY’S VALUES
If you are interested in empowering small businesses and working in diverse markets – WBENC-Certified WBEs are among the fastest-growing sector of our US economy. By working with a women-owned business you show your company’s commitment to working in diverse markets and furthering economic growth in local communities.
As a supporter (putting your investments & partnerships) of supplier diversity, your business becomes more attractive to corporations that are seeking second-tier sourcing suppliers that work with women-owned businesses.
According to WBENC, the Women’s Business Enterprise National Council Certification standard is the most relied upon certification of women-owned businesses as a supplier diversity business program. This certification validates that a business is 51 percent owned, controlled, operated, and managed by a woman or women.
Reach out to Twin Oaks Guest Ranch to learn more about our WBENC Certification and to make a Ranch Retreat Experience booking for your corporate or team group soon!