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Innovative Green Business ideas For Eco-Minded Entrepreneurs

To run a “green business” means to earn a living while striving to have a positive impact on the environment and the local community.

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To run a “green business” means to earn a living while striving to have a positive impact on the environment and the local community. It is about developing business strategies and processes that go further than regulation and show commitment to a sustainable and eco-friendly future.

For someone who wants to start a small business, green businesses have two benefits over other types:

  • The global environmental industry is growing at a rapid pace. Just in 2016, it generated revenues of $1.16 trillion. This means that there’s a growing market for it, particularly in nations with developing markets, such as China, India, Indonesia, and the Philippines.
  • Running a green business can be especially satisfying as you get to contribute to making the planet a more hospitable place.

Here are some of the most innovative green business ideas for eco-minded entrepreneurs:

1. Green Consulter

If you gravitate towards teaching and managerial jobs, eco-consulting may be your best bet. As a green-consulter, you can aid other businesses in many ways.

Namely, you can train employees on how to avoid polluting and contaminating the environment through their practices and activities.

As well as helping in the development and upgrading of equipment, changing them into more eco-friendly solutions.

Your business can focus on outreach, and on raising awareness about environmental problems. As well as serve in the role of a guide to companies that want to go green most effectively and efficiently possible.

Yet another role for you may be to specialize in a particular field that is heavy on pollution and assisting enterprises and other entities involved in it become more environmentally conscious.

2. Green Innovation in Production Processes

Almost every manufacturing and production process consumes water and energy in amounts that are detrimental to the environment. Even energy production uses water.

For instance, in power plant cooling. There is a growing need for “green innovators” – individuals who invent new more eco-friendly production processes or modify existing ones.

They do this by making processes faster or more efficient, which in turn reduces their environmental impact and water/energy usage.

Green innovation in production processes

Take a look at the gas and oil sector. Even though traditionally not an environmentally friendly and sustainable industry, its most recent technologies are designed to increase the efficiency of exploration and drilling or to streamline and automate these processes, which in turn reduces their environmental impact.

For example, the newly developed drill collar allows directional drilling and sidetracking, enabling a single well to tap into oil reserves from a bigger area. Also, GPS surveying and 3-D and 4-D mapping technologies reduce the number of exploratory wells.

3. Ink Refilling Business

The ink refilling field is yet another highly lucrative and thriving green business. Especially for someone who wants to start a small-scale operation.

Most enterprises print documents every day, inevitably running out of ink and creating a sizeable amount of empty cartridges – thus the need for ink refilling sector.

Ink refill business helps our planet by reducing unwanted cartridges which, if not re-used, become hazardous for the environment.

This can turn into a profitable venture, particularly if you know how to sell, make contacts, network, and market. Although, if you want to maximize your profits in this field, some added training is required.

4. Grower of Garden Growers

The growing concern about the origin, modifications and the health aspect of the food on our tables gave rise to an increased number of individuals who wish to grow their food, whatever their location may be.

This is where you can come in – either as a grower yourself or as a business that helps people grow their food. Other ideas in this field include:

  • Being a worm farmer and organic compost retailer.
  • Being a garden designer that specializes in rooftop garden installations. Keep in mind that for this you also need a bit of training and education.
  • Making “garden-packs”, small collections of seeded plant trays that can fit on the smallest balcony and enable individuals to grow their food.

5. Green Beauty Parlor

Both men and women are willing to give a pretty penny to improve their appearance. On the other hand, more and more people are aware of how toxic ingredients within the beauty industry can be, as well as common animal cruelty is.

Where did the rule that someone needs to wear a mask to do our nails came from? The same is true for animal testing regarding the product’s ability to cause a negative health reaction.

A beauty parlor that offers vegan, natural, and cruelty-free products within their services is likely the best way to make people feel more beautiful, better, and know that they’re using products that are safe and beneficial for their bodies.

There are a plethora of environmentally friendly business ideas. Some of them have already proven themselves to be successful as more and more individuals are inclined to lead a more natural and sustainable lifestyle.

Both businesses and consumers alike must face the fact that if we don’t change our current way of living, our habitat and planet will continue to deteriorate.

Tracey Clayton is a working mom of three girls. She's passionate about marketing and everything tech related. Her motto is: "Live the life you love, love the life you live."

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Blockchain

Can Tokenization of Asset Bring More Investment From the Masses

Tokenization of assets isn’t a new phenomenon, but unlike the waves in the past STOs, this time, it might tip the balance in favour of decentralized finance.

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Ripple Cryptocurrency

In a new article, Coindesk has predicted that the Cryptocurrency’s DeFi sector is set to see a resurgence of Security Token Offerings (STOs) and has predicted “a sixfold increase in the total dollars raised using such funding methods over the next four years.”

Tokenization of assets isn’t a new phenomenon, but unlike the waves in the past STOs, this time, it might tip the balance in favour of decentralized finance. The article further predicted that “more private companies will bypass traditional initial public offerings (IPO) and instead use blockchain technology to digitize the capital-raising process.”

Although traditional capital markets and venture capital firms have ceded some prime money-making to DeFi, doing away with conventional IPOs might be a significant first step to democratizing venture financing.

Past the debacle of early blockchain ICOs, where the process by which a company ICOs was easy, but the lack of related regulations within the US and abroad around ICOs had led to many fraudulent crowd sales, illegal airdrops, and outright scams. This, in turn, had tarnished the reputation of blockchain-based projects. However, tokenizing assets and either fiat-backed or cryptocurrency backed by gold and silver have dramatically increased confidence in the crypto-asset markets.

The tokenization of assets that represents a real tradable asset, in reality, is quite similar to the process of securitization. An STO, with increasing frequency, is also used to describe a share in a company, ownership of a piece of real estate, or participation in an investment fund. These security tokens are also tradeable on secondary markets.

The new token economy offers to open up the investment world making it more transparent, efficient, and fair. The simplicity of tokenization will also help in reducing the friction surrounding the creation, purchase, and sale of securities.

In addition, it will bring several advantages for both buyers and sellers that will include:

1. Increased Liquidity of the Market:

The tokenization of illiquid assets in private hands, specifically art, real estate, and the likes, will significantly boost the market’s liquidity. Not only will it make it possible to liquidate the illiquid assets partially, but the ability to trade the security tokens in the secondary markets will also increase the trading activity bringing with it a broader base of traders and investors.

The “liquidity premium” alone makes it worthwhile to tokenize illiquid assets capturing more excellent value for the underlying assets.

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2. Making Transactions Faster and Cheaper:

The intelligent contracts attached with the tokens and their automated execution upon the meeting of coded terms in the smart contract will mean automation and lack of administration of much cheaper transactions. The buying and selling of the security tokens will require lesser intermediaries, faster deal execution and lower transactional fees.

3. Increased Transparency:

Since a security token is also essentially a smart contract, it can be embedded with the owner’s responsibility and rights. The fact that records on a blockchain are immutable searches, provenance and trading history would be a cinch. The entire chain of ownership rights, responsibility, and origin of the security token will be entirely transparent.

4. Greater Accessibility:

Most importantly, tokenization could open up the investment world to a large audience. The high liquidity, market movement, lower investment amounts, and shorter periods required to hold the token can make the token economy to the average investor. Like the ticket divides an illiquid asset, the tokens themselves are readily divisible into smaller and smaller fractions enabling even a small investor to participate in the token economy.

With automated workflows and cheaper and cheaper processing costs, and token administration, the minimum investment amounts will fall further. This will also increase liquidity allowing investors to hold the investments for shorter periods before cashing in. The trading is made even more robust due to secondary markets that operate 24/7.

5. Easier Asset Conversion:

With the DeFi market making the conversion of crypto assets into fiat currency more readily available, the same will become true for security tokens. By providing greater liquidity to an average investor that often shies away from investment into illiquid assets due to fear of the lengthy process of conversion of an illiquid asset into a liquid one.

If anything, the strong emergence and success of the DeFi market have shown us that making finance decentralized, transparent, and easily accessible will bring in more investors, not less, and lead to the market’s democratization.

In conclusion, the advent of a token economy will lead to a more transparent, liquid, accessible, and just financial and investment system that will serve more and more people via financial products and investment opportunities for all.

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