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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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Business

4 Supply Chain Strategies for Digital Growth

Organizations generally model their supply chain strategies on their business model and customer demands. Supply Chain Strategies for Digital Growth.

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Run a Better Business With These Key Tips

Business models continue to adapt to today’s digital economy and consumer demand. For new and established companies to succeed, they have to be equipped with suitable supply chain strategies to meet the standards.

Consumers now tend to want and buy products and services quickly with websites and smartphone apps. Setting up and implementing the ideal strategies to control the supply chain will help businesses grow and increase their profit margin.

A comprehensive and effective plan will ensure that a business can smoothly move products through the supply chain. In addition, operations will efficiently function, costs will reduce, and profitability will increase.

Organizations generally model their supply chain strategies on their business model and customer demands. The following are some of the techniques that can help your business grow.

1. Customer-Centricity

This strategy streamlines its focus on the needs and preferences of customers. To ensure a customer-centric strategy, a business owner will have to improve the demand forecasting accuracy. It will enable the said company to prepare the inventory products to meet projected demands.

Businesses can pinpoint in-demand trends and products by using inventory management software that has forecasting abilities. The tool will record data concerning sales and stock. It will then provide real-time reports.

By using this strategy, organizations will be able to improve their financial performance while providing excellent customer service. Regular monitoring of demand will allow business owners to enhance their collaboration with suppliers, which will help in the efficient handling of new inventory.

7 Solid Tips to Strengthen Your Online Business Brand

2. Predictive Business

Setbacks like delayed shipment and machine malfunction will happen at times. However, businesses will be able to prevent most of these issues by quickly attending to them with the help of predictive technology.

By using predictive maintenance, a business can obtain a clear and concise view of its entire operation – including assets, products, and equipment. Insight can also be gained regarding product improvements and cost minimization methods.

3. Intelligent Automation

There’s no denying that businesses, regardless of industry, have embraced the integration of automation. This has been a very effective supply chain management strategy. Automation includes delivery drones, autonomous forklift trucks, and software solutions to streamline warehouse management.

Manufacturing companies maximize their supply chain’s potential by using intelligent automation. This solution utilizes robotic processes, AI, and software engineering practices to automate complex business operations. Manufacturers use this tool to mass-produce consumer-friendly products.

This will undoubtedly boost the revenue and sales of a business. Also, the flexibility automation provides allows companies to manufacture products when they’re needed – instead of manufacturing large quantities at once.

4. Total Visibility

For the supply chain to be managed appropriately, business owners will need complete visibility into every process and its role. Executives will have to monitor the production and delivery of the products. They will also have to regularly assess sales data to determine any future disruption in the supply chain.

With real-time supply chain visibility, management will be able to identify anomalies in the supply chain. They can also make quick adjustments to the production process or inventory to rectify the anomaly. This will go a long way in minimizing risks and spending.

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