Homepage » Why Green? » How An Eco-Friendly Business Cuts Costs, Boosts Profits, And Improves Quality of Life

How An Eco-Friendly Business Cuts Costs, Boosts Profits, And Improves Quality of Life

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When you think of alternative energy, what comes to mind? Perhaps, the enormous benefits to the world at large that accrue from tapping into the power of the wind, the sun, or the geothermal energy of the earth itself. Consequently, as a frenetic business owner, the last thing you may have on your mind is saving the world by taking an interest in the complex science of renewable energy.

Eco-friendly Painting

Painting white wall with green paint. Image credit: www.coverinpaint.com

Still, taking a few practical steps to reduce your carbon footprint will not only contribute to a sustainable environment but will help your bottom line, too. Savings can occur in a wide number of ways; for instance, if you install solar panels, you’ll get tax incentives that will more than cover your installation costs. In addition, your energy bill will be slashed in half.

When you make going green one of your top priorities in manageable, practical ways, amazing things start to happen: your business saves money; your workplace culture improves; customers prefer to do business with you, and you’re contributing to the well-being of future generations. Making your business more eco-friendly by investing in things like renewable energy provides many benefits. You can do this in the country you live in or abroad. If you have a multi-national company, it might be a good idea to invest in it wherever you have an office. If you need to use a money transfer service to get the money you want to invest to the country you’ll be investing in, you can send money online directly to the people who can put it to immediate use.

Why Go Green

Before discussing some ideas on how you can make your business more eco-friendly, let’s touch on two good reasons why it makes a difference:

  1. If you run a large organization, say, a hospital, reduced energy consumption and a lower rate of waste production can save you billions over a decade. 
  2. Employees who work for an eco-friendly business often tends to increases worker productivity more than average. The reason for this is fairly obvious: they feel connected to an organization that cares about people and the world. Since they feel better about where they work, they are more motivated and get along better with their coworkers. The harmonization of inner drive and outward cooperation results in an overall increase in efficiency. 

How to Go Green

Here are 3 suggestions on how you can start making your business more eco-friendly:

  1. Rethink Lighting.

Replace incandescent lights with compact fluorescent light bulbs and LED light bulbs. An LED bulb will use about 25% less energy and lasts 25 times longer while a compact fluorescent light will pay for itself in terms of energy saved and in the cost of replacement. How much can you save? It depends on the size of your company. If you use 200 bulbs and keep them on for 16 hours a day, you’ll save $2,000 every year.

  1. Encourage Telecommuting.

While it may not be feasible to allow all employees to work from home, those who do technical work on a computer could be allowed to work from home. Instead of micromanaging them in an office setting, you’d be able to evaluate their productivity by the rate their turn in their projects.

There are at least four advantages to this arrangement:

  • 1. Creatives can work from anywhere: a coffee shop, library, a beach, a park bench, or a quiet home office. As a result, they may be able to get more work done because they’ll be able to enjoy long periods of uninterrupted work time.
  • 2. Your office will need less heating or cooling, you will need to run less office equipment, and there will be less paper waste.
  • 3. The city you live in will have fewer cars on the road, cutting down on carbon emissions during work hour commutes.
  • 4. You will need to rent less real estate space for all your workers.
  1. Save on Paper

Using recyclable paper and going paperless when possible will save your business plenty of money. You will save space by not having to dedicate file cabinets to excess paper, save on printer ink, and save on the cost of buying paper supplies. While you may have to print out legal and accounting paperwork, you’re probably using far more paper than you need, especially when it comes to making rough drafts and creating documents that could be more conveniently stored and accessed in a digital form.

In conclusion, these are just a few ways you can create an eco-friendly business, but these examples should give you an idea of how going green is more of a process rather than an expensive, time-consuming business makeover.

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