Does ‘Going Green’ as a Business Increase Your Revenue?

Julie Starr • May 10, 2021



For a number of businesses over recent years, there has been much more of a concentrated effort to become a sustainable business and to go green. Some of it can come from within the business itself, as well as some pressure from consumers showing just what they want from the businesses where they spend their money. This shift has definitely made businesses think about having more of a focus on the business’s ethics and practices and how they impact the environment. 

As a business, going green could be anything from using products that are recyclable to wasting less and using much less energy in the office as well as manufacturing. It can be something that can look good for a business, as well as feel good for a business. But did you know that it can also lead to an increase in revenue? When it is managed well, it can certainly do just that. If you want to make your business more profitable, then it could certainly be worth making it more sustainable and eco-friendly. 

How does being an eco-friendly business increase revenue?

One of the first things to consider is public opinion of the business. In a study , it found that 70% of consumers were influenced in a positive way when businesses use packaging that is sustainable and made from materials that are recyclable. Consumers are taking steps to be more sustainable at home, so it makes sense that who they spend their money with needs to align with those values too. In some industries where the market is saturated, you also need to stand out. If you’re the only business in your industry that isn’t making an effort to be sustainable, then it will quickly show in your profits. 

The amount of waste that a lot of businesses have can be quite shocking. If your business is one that is making much more of an effort to waste less and to consume less, then it is good for the environment but also when it comes to your costs. By doing this and using the most accurate and integrated RCM platform , you will be able to see just how it is impacting your revenue. Cutting down on energy bills and simple switches to LED lights in the office will mean big savings to your business expenses. 

It can also be worth a mention that there is a range of tax-relief schemes for businesses that are eco-friendly, as a way to make businesses put in more effort with their practices. This could be using renewable energy, making use of electric vehicles, and other practices that will increase sustainability. 

Going green

Your customers are the ones that are going to make your business a success or not. If you have a business aimed at a group like millennials, then it is definitely worth making an effort to go green, as this is a group that is very vocal in who they spend their money with. Green businesses can reduce expenses and boost their public perception, but it can also leave you feeling good, knowing that you are going above and beyond competitors. 

Keep Your Business Comfortable And Yet Sustainable

By Julie Starr • 11 May, 2024
Keeping your business comfortable and yet sustainable is a great idea. By keeping your business sustainable, you are doing your part for the planet, ensuring that you are doing something to take care of it. A lot of businesses don’t bother with this, but that’s the problem. You need to be different, and work out how you’re going to keep your business comfortable and sustainable at the same time. That’s what we’re going to be working on today, so keep reading if you’re interested in learning more. How Are You Powering Your Locations? The first thing that we’re going to say is that you need to think about how you are powering your locations. Whether it’s a business office, a warehouse, or any other large space, you need to think about the way that you are powering it. If you are using traditional electricity then you’re going to be contributing to part of the problem. We only have so much fossil fuel available, and it’s killing the planet to use. It’s a better idea to use a renewable form of power such as solar or wind, depending on where you live and the weather conditions. Look into this as an option if you can. We’re not saying that you have to completely rely on one or the other, you could use a combination as well as traditional power. Any power that’s coming from somewhere else is a bonus! Keep The Spaces Comfortable For Employees Employees work in a variety of places for your business. Again, perhaps some work in an office, some work in a warehouse, and some work in other locations, but they all need to be kept comfortable. For example, if we take the warehouse and you think about it, it’s not that comfortable, right? You’re not going to have couches and plush chairs all over the place, but you can still make it as comfortable as possible. You could use an industrial drum fan or something similar to keep the space cool, ensuring that your employees are content working there. Ensure Recycling Is A Top Priority The final important point that we want to make is that you should ensure that recycling is a top priority . It has been pushed on people for a long time now, and it’s essential that you are doing this to the best of your ability. Reusing materials wherever possible gives your company a more sustainable approach to business, setting the example for others. Recycling is the very least that you can do, it’s not hard, but it makes a world of difference to the planet. We hope that you have found this article helpful, and now see some of the things that you should be doing to ensure that your business is comfortable and sustainable. We do understand that for some companies this is going to be a little more difficult than others, but there are always ways if you are dedicated enough. We wish you the very best of luck, and hope that you manage going forward.

Is Your Small Business an Appealing Place to Work?

By Julie Starr • 07 May, 2024
Bringing passionate, enthusiastic and talented people into your business is obviously a top priority when you’re growing a company. However, the only way to onboard the brightest talent is by ensuring that your brand is an appealing place to work. Driven employees have certain expectations when it comes to choosing their ideal workplace, so you need to show them what you have to offer. Whether you’re looking into your business ethos , or reassessing certain compensation plans, you can do so much to ensure you’re attracting the best possible employees. Consider some of the following methods and your small business will soon be the go-to place for skilled, driven and talented individuals to work. Pay and Benefits Should Be Competitive When you’re running a small business, the idea of paying regular salaries to your employees will always be on your mind. Keeping up with bills and ever rising costs will never be easy, but you have to offer a competitive salary in order to attract the right type of people to your business. You should also consider all elements of a compensation plan so that your employees always feel valued for their contributions at your workplace. It may be worth talking to your current staff members to see what would be most important to them so you can assess it in the near future. Create a Career Development Plan Working towards the next goal is certainly something that most career driven individuals are keen to do. Staying stagnant in the same role for a prolonged period of time can reduce motivation and cause issues with staff retention. Making sure that there are clear progression opportunities will help to bring in the most talented and focused employees who are willing to put in the work and climb the ladder within your business. Adopt an Eco-Conscious Approach More and more employees are looking for workplaces that put the environment at the forefront and actively choose sustainable processes. Taking care of the planet and going green with your business may help you to align with the right talent for your company. Although this might not be the priority of everyone, it’s certainly a very popular value that a number of people carry in the modern day. Working in an environment where sustainability is a priority is extremely appealing and these people will help you to work alongside like minded colleagues within your business. Your small business goes above and beyond you as an individual; it’s also about the people who work for you and the potential employees you could be onboarding very soon. You can be sure that you’re reaching out to the right type of people and attracting the best possible talent by offering competitive salaries and benefits and working in a sustainable way that always keeps the environment in mind too. Hopefully, these ideas will give you a huge advantage when it comes to bringing in new people who would be an asset to your business.
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