Profit’s A Lot Better When It’s Green

If you run a business, you want to make a profit and nothing is going to stop that from being the truth. Earning money allows you to grow a business and create a successful community. Profit is also used as the reason why so many business owners won’t green their practices. But we’re going to look at how a little investing here and there in the short-term could seriously pay-off in the future. There’s nothing to stop you from profiting in green business.

Build a better workplace

For the majority of businesses, the bigger part of their environmental footprint is going to come from the actual building of the workplace itself. If you’re ever looking at moving to a new office or building a new one, you should look into one that’s friendlier to its environment. Eco-friendly buildings will use sustainable materials like cross-laminated timber and mineral wool board insulation which not only improves temperature control without the need of harmless chemicals but provides fire protection and sound separation. A more environmentally friendly workplace is also likely to become a better workspace for your employees with those factors in mind.

Waste not

All businesses produce waste. If you’re in manufacturing or construction then you have several regulations to follow on the kind of environmental waste you’re allowed to leave. But there are plenty of businesses who could benefit from being more conscientious about what waste, exactly, they end up creating and how to reduce it. For instance, look at any cleaning products used in maintaining the workplace. Use natural, biodegradable cleaning products in the workplace is also a lot better for the health and wellbeing of the staff. The same things that are polluting the environment are polluting the bodies of each and every one of us. Beyond just changing the kind of waste you produce, you should make sure to regularly brief employees on green initiatives, including ways to reduce and recycle their own waste.

Assess the situation

Waste isn’t going to be the biggest cost that your non-green business practices have, however. One of the greatest ways to ensure that you’re profiting through greener methods is to take a good long look at your energy bill. It’s not enough to identify a problem and hazard a guess at a few ways you could save real money on your energy, however. You should look at services like www.abraxasenergy.com/energy-management-services/energy-audits/ that can give you an in-depth and itemized look at just how and where energy is being used in your business. You can identify equipment, people, and practices that you could change to make the most impact as soon as possible.

Don’t ignore your appliances

Even if you don’t make use of energy audits, you should be looking at the many different appliances and bits of tech that your office relies on. Especially if you’re in an office that is heavy with It equipment, you should be looking closer at what models you’re using and how much you could expect to spend on them if you keep using them for a lot longer. Sources like the EnergyStar ratings offer some of the comprehensive listings of most of the appliances and pieces of electrical equipment you’ll be able to find in an office. Beyond helping you choose new, energy efficient appliances to replace older ones, you can also get in-depth information on things like long-term reliability. You could end up spending a lot more if you hold onto an old piece of equipment for a year or two than if you buy a more energy efficient model and replace it with that, for instance.

Solar is only going to get more cost-effective

What about where you get that energy from in the first place? The majority of businesses are still relying solely on fossil fuels to keep the lights on, despite the fact that alternative fuels have been more and more cost effective. In particular, installing solar panels is no longer the extravagant cost that it once was in the past. As sources like www.oilandenergyinvestor.com/2015/07/get-ready-for-the-next-advance-in-solar-energy/ show, the cost of installation, maintenance and running solar panels is only set to get cheaper as the technology advances, as well. Solar panels could not only save you money. They could be a much more affordable investment than you might have thought, as well

Think post-consumer

Back to thinking about waste, but this time, it might be worth thinking about more than just your own waste. If you’re in the business of designing or manufacturing products, then you should be looking at the lifecycle of those products as well. In particular, you might want to look at the packaging used on it. Post-consumer waste options are more and more becoming the norm amongst consumer goods. PCW options also tend to be cheaper for the business. Using PCW paper uses 45% less energy to create, for instance. Whatever materials you’re using, make sure you check the market for PCW alternatives before you make your decision.

Choose your services well

Your business doesn’t operate alone if it’s like most. It has a cadre of other companies helping it. What do you factor in when you choose your business 2 business service providers and suppliers? If you really do care about living in a greener world, then you might use sources like www.forbes.com/sites/jacquelynsmith/2013/10/02/the-companies-with-the-best-csr-reputations-2/ to find those who align with your views. In fact, corporate social responsibility is becoming a much more defining factor for customers of every market, consumer and professional. This last point shows how you should consider corporate social responsibility for those B2B services you rely on. Your consumers will do the same regarding your business.

Like we said up top, you can profit as a green business. In fact, with the current backlash of climate change prevention, people are getting more up in arms about supporting businesses that are green. You can cut your energy costs. You can make workplaces safer, saving on worker’s compensation costs and keeping employees more motivated and happy at work. You can even win a loyal fanbase by appealing to their need for corporate social responsibility.

Check Also

Could Alternative Energy Be the Next Big Thing for Venture Capitalists?

When taking care of the environment became trendy about a decade ago, venture capitalists shifted large amounts of investment dollars from software and the Internet to “cleantech,” anointing it as the next big thing in investing.