The Business of Being Green – How to Make Savings in Business by Recycling
Jun 19th, 2010 by Trash Robot
We are all now far more aware of how to do the best for our planet; we understand that our resources are dwindling and even if we are not wholly green, most of us do our bit to separate plastic and paper from the rest of our refuse. Bottle banks have now been around for so long that the very idea of putting glass in with your household waste is a strange and ancient philosophy from another time.
The business of recycling is booming and many commercial enterprises have sprung-up to profit from the world’s desire for change. With specialist recycling companies making money out of the re-use of stuff otherwise destined to be land fill. Other businesses have realised the fashion for all things green and have developed new and artistic products using our rubbish.
The manufacturing industries are just starting to realise that there is profit in their waste, with the many by-products of manufacture now being sold on to others as products they can use, and everything from precious metals extracted from used car parts to gypsum from old plaster board being used to create new cash streams.
Setting aside the obvious need for the planet to recycle what limited resources it has left and the fact that most of us, especially in the business world, could probably do more to help; there are other very good reasons why businesses should look at recycling, not least because of the tremendous savings that can be made by being more sensible about waste.
However, do not think that it is only big industry that can turn their wasteful practices into revenue. All businesses even the smallest can make a saving by adopting greener working habits.
If your business sells a product that can be refurbished, reused or recycled or contains a salvageable material, then it might be possible to set-up a customer part exchange program, allowing them to return their used product for a saving on a replacement; this of course has the added benefit of keeping your customers returning to you for new business, as well as the money you can make from the scrap.
If you are in a service industry, examine areas of waste that will bring your overheads down as well as reducing your carbon footprint. Most business use far too much paper for instance, but rather than simply putting used paper in to a recycling bin why not research the various ‘paperless office’ systems now available. Moving to new technologies will enhance your business in other ways too.
All businesses could look at their transport policies to see if savings could be made and encouraging staff to get involved with car shares etc. will enlist the help of the whole business in your money saving activities.
Along with the obvious warm feeling that doing the right thing for the planet will bring and the extra streams of revenue or significant savings to overheads, trying to be greener also has the unavoidable knock-on effect of making your business more attractive to customers by improving its profile. It is after all good to be seen as a caring business in a world where business is very rarely viewed this way.
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