Helping your business become more sustainable
After some of the hottest temperatures seen on record last week we are reminded about global warming and how small businesses can help our country drive towards net zero. A sustainable business, or a “green business”, is an enterprise that has minimal negative impact or potentially a positive effect on the global or local environment, community, society, or economy—a business that strives to meet the triple bottom line.
Going green can boost your competitiveness, lower costs, and improve your business’s reputation with your customers and staff. Most importantly, consumer trends reveal that consumers are increasingly assessing a company’s environmental credentials, while business supply chains are under scrutiny to minimise environmental, ethical, and social impacts.
There are also lots of incentives for environmentally switched-on businesses and climate change awareness is also likely to see legislation designed to support environmental pledges and limit global warming to 1.5 degrees.
With a renewed focus on climate change and the environment, sustainability should be increasingly at the heart of business operations. Even small changes can help move UK businesses towards a greener future. The British business bank lists eight ideas on sustainability:
- Don’t use single use plastic;
- Use sustainable suppliers and service providers;
- Implement a greener commute scheme;
- Switch to low energy lightbulbs;
- Install smart power strips;
- Reduce water usage;
- Make workspaces more heat efficient; and
- Install built in recycling units.
For the full details see: 8 sustainable business ideas – British Business Bank (british-business-bank.co.uk)
The British Business Bank has a wealth of information and guides on how to create a sustainable business and prepare for green growth. Take action with their green business guides, jargon busters and helpful explainers.
Find out what Net Zero actually means with their Green Decoder. The online guide has been co-created with Nottingham Business School, Nottingham Trent University to help smaller businesses decipher the terminology surrounding decarbonisation.
You can also commit to the UK Business Climate Hub and take steps to be greener, saving your business money and saving the planet too.
For further information visit Sustainability – British Business Bank (british-business-bank.co.uk)
Do you need some inspiration?
Then ask us for a copy of our guide called “57 Ways to Grow Your Business”!
Our publication is packed full of bright ideas for the Serious Entrepreneur and starts with the four basics of growth and then looks at some really useful ideas.
All the ideas in this guide ultimately revolve around four basic insights about growing a business. You can:
- Increase the number of customers
- Increase the number of times each one does business with you
- Increase the average value of each transaction
- Increase your own effectiveness and efficiency
Here are some other business principles that we explore in the guide:
- What you can measure you can manage
- Build in unique core differentiators and focus on them constantly
- It’s more important to be different than it is to be better
- Cutting the price is always an option but there is usually a better way – increasing value
- Break compromises and lower the barriers to people doing business with you
- Systemise every aspect of your business
- Empower your team to make it right for every customer
- Create a clear and detailed action plan
Ask us for a copy – you never know there may be a gem or two in there for you to help you grow faster!