8 Things To Consider When Starting Your Sustainable Business

Julie Starr • May 19, 2020



If you’re thinking of starting a sustainable business but you don’t know where to begin then don’t worry, you have definitely come to the right place. Whether you have had your idea for years or it’s something that has only just come to you, you need to be sure you’re making the right decision. Whilst it may be overwhelming, there are lots of questions you can ask yourself to ensure exactly that. From deciding on what your business is going to be doing to working out how it’s going to make a profit in a sustainable way, the more questions you’re asking yourself the better. With that in mind, here are 8 things to consider when starting your sustainable busines s:

What Will Your Business Be Doing?

One of the first things you need to consider is what your business is going to be doing, as this will be the basis of your journey as an entrepreneur. Whether you’re going to be offering sustainably made products or you have developed an app that encourages people to think about their energy consumption, you need to clearly plan out exactly what it is your business is going to be doing. The sooner you do this, the easier the process will be.

How Will It Be Sustainable?

When thinking about your business and what they’re going to be doing, you also need to detail how it’s going to be sustainable. Although this will be obvious to you, it may be something you have to explain during pitches to potential investors or buyers.

The best way to approach this, of course, is to come up with a thirty-second elevator pitch that details what your business does and how it helps the environment. For a guide to putting together an elevator pitch , you can visit this site here.

What Are Your Overall Business Values?

Another important thing to consider is your values, as these will help to define your business. Although it may take some time to perfect them, thinking about what you will offer your customers is incredibly important. For a guide to putting together your business’ values , you can visit this handy site here.

How Will Your Business Make A Profit In A Sustainable Way?

When it comes to running a sustainable business, often it’s a little harder to make a profit. Whether you’re paying more for materials or you have a smaller target audience, you need to think about exactly how your business is going to be making a profit and whether or not it’s something you can sustain.

Have You Considered Your Costs?

When it comes to profits, you also need to think about your costs as chances are when you’re running a sustainable business, your costs are going to be much higher. If you don’t know what your exact costs are going to be right away, it might be worth putting a rough estimate together as you’re finding the best suppliers for your business.

Do You Need To Employ Any Staff?

Another important thing to consider when it comes to starting a sustainable business is whether or not you’re going to need to hire any staff. Although this may not be something you do right away, hiring staff is the perfect way to free up your time to work on business growth. Whether you outsource or bring someone on full-time, you will notice the difference in no time.

If you do need to employ staff, here are 8 Payroll Reports Every Business Manager Needs To Know.

How Will You Promote Your Business To Others?

As you start to launch your business, you need to think about how you’re going to promote it to others. When it comes to sustainability, online is often the best place to start.

What Are Your Targets As A Business?

Finally, you need to think about your targets as a business. Whether you’re looking to make a difference in the world of sustainability or you’re looking to make a profit during your first year, setting goals is a great way to keep you motivated. For a guide to setting goals , you can visit this site here.

With lots of important things to consider before starting a sustainable business, you can be sure you’re doing all that you can to protect the environment at the same time as following your dreams. What else do you need to consider? Did we miss anything off of the list? Let me know your thoughts and ideas in the comments section below.

How To Identify Companies That Match Your Values

By Julie Starr • 22 Apr, 2024
As you try to develop a sustainable brand , you need to consider what other companies you work with. These could be collaboration opportunities or suppliers and vendors that help you develop the product or service you want to sell. But, many companies may not share your values, so how can you identify the right companies that meet your eco-friendly attitude? Make Use Of Marketing Platforms It's frustrating to reach out to multiple companies to identify collaboration opportunities. For one, there’s no guarantee you even get a response, and cold emailing or other measures are rarely successful. However, you can use marketing platforms and their many features and resources to companies or influencers that align more closely with what you feel is right. Various platforms offer unique options that enable you to whittle down possible companies until you find the perfect match, saving you plenty of time. Research Their Website However, you can’t just leap into any partnership since these platforms may have outdated information, or companies could have selected everything they think will get them a partnership. As with any approach, extra research is essential. Once you’ve identified a company that seems to match your values, it’s with checking out their website. Look at their blog and customer reviews to get an idea of where their ideals lie so you can get a more transparent picture. Meet With Companies Businesses can also meet directly with potential companies when they have established the possibility of a partnership. Whether you’re looking for a better green transport service or need central laboratory services , having face-to-face conversations is a must. You can open discussions via video calls before arranging an in-person meeting which gives you the chance to visit their location, such as an office or warehouse, to ensure that you aren’t stepping into something you may regret. Look For Accreditation and Certification Modern businesses require certification and accreditation to back up claims they are the most sustainable or to prove they have adhered to necessary compliance laws and regulations. Usually, you can find this on their website but there could also be PR pieces on various industry news sites that can prove the company has obtained the necessary certificates. Identifying these certificates will add confidence they are the right company to work with. Offer Value To Them While you hope the potential partnership brings value to your company, you also need to provide value to them. This point is key for strategic collaboration as it otherwise means you take without offering anything in return. Consider what your business can do, such as increase their awareness or help them develop new research projects. In doing so, you will have a mutually beneficial partnership that helps both companies achieve the goals they have outlined for the year. Values and Value Every partnership or collaboration should bring value. This value should apply to your business and any partnerships but also your customers. If you can identify companies that align with your brand values, you’ll have an easier time developing a positive relationship that ensures you stay on track to meet your goals.

Fresh Content: Where Do You Get The Green For Your Green Business?

By Julie Starr • 19 Apr, 2024
If you’re looking to start up a business that puts environmental responsibility at the forefront of how it operates, or that aims to offer new eco-friendly products and services to the market, then you need to make sure you have a plan for it. In part, you need to think about where the money is going to come from to help you get the business up and running. Here, we’re going to look at a few examples of places you can get the funding your green business needs. Finding like-minded investors A lot of capital in the startup spaces comes from investors who will take the time to look over a host of prospective businesses that are looking to get their start and will choose those that best align with their goals. Finding an investor isn’t always easy, so start by networking in the right professional spaces, especially those that might built specifically for entrepreneurs and business owners in the green sector. There are websites that can help pair your business up with investors, as well, but this can be a fairly competitive space. You want to have the room to be able to talk to potential investors about the profitability of your business, as well as the values and dedication to eco-friendliness that drive it. Getting hold of some credit The other traditional means of funding any business is to get a loan that can allow you to cover all of the necessary upfront costs, and running costs until you’re able to get yours up, running, and making money. Banks were the typical method of borrowing money like this, originally, but as banks got bigger, they lent less to smaller businesses, and as such, commercial funding solutions rose up to take their place, to some degree. If you’re going to try to borrow money, then you need to ensure that you are completely prepared for the application process, which can necessitate a business plan, which is designed, in part, to help show the viability and path to profitability to any lenders. Finding green grants and other financial incentives The push towards greener businesses and more sustainable industries isn’t something that’s only on the minds of a few business owners. There are always state-funded and non-profit-funded initiatives that aim to help those with green businesses on their mind get their start. You should take a look at the range of green business grants and other funding options set up, be it locally, in your state, or federally. Some of these funds and grants will be set up for businesses tackling climate change, ecosystem change, and environmental waste in specific ways, but there are always more grants to keep an eye out for, so make sure you learn how to write a grant proposal well. Finding those who are like-minded, either in seeing the profit potential in your business, or in getting behind the values of it, can help you not only get the funding you need, but it can lead to very advantageous relationships in the future, as well.
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