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What do you want to do with your future: Make a living or change the world? These days, you don’t have to choose. Today’s entrepreneurs are increasingly focusing on building products and services that solve environmental issues and fight climate change. Known as ecopreneurs, these savvy business owners understand the importance of the triple bottom line for building a sustainable business.
Do you want to build a business that makes your community — and the planet — a better place to live? This resource guide for small businesses will help you on your journey to ecopreneurship.
Business ownership 101
Before a business can change the world, it needs to get up and running. Here’s what it takes to start a small business:
- Your first order of business is to create a business plan that helps point you in the right direction.
- Forming a legal entity is the next step for any new company. You can form an LLC to gain tax advantages and limit potential liability.
- Finally, funding. Green businesses have unique funding opportunities including grants and loans through the Environmental Protection Agency, Department of Energy, and National Science Foundation.
Great green business ideas
It’s the right time to invest in eco-friendly entrepreneurship. But what type of green business should you start?
- Sustainable packaging, food, and fashion are three of the fastest-growing ecopreneurial trends. Customers are also increasingly interested in eco-conscious investing.
- You don’t have to be big to make an impact. Secondhand shops, outdoor gear stores, green junk removal, eco-friendly salons, and organic pest control services are examples of local businesses gone green.
Sustainable practices for eco-business
Sustainability isn’t skin-deep. Improving the environment requires rethinking every aspect of how you do business.
- This includes building a green supply chain, opting for eco-friendly packaging, cutting back on business travel, and forming partnerships with other environmentally-friendly brands.
- Small changes matter too. Going paperless, using recycled materials, eliminating single-use products, and incentivizing carpooling and public transportation are simple things businesses can do to help the environment.
- Environmentally-conscious choices don’t have to cut into your business’s bottom line. In addition to cost-saving practices like remote work, ecopreneurs benefit from tax incentives and consumer preferences for eco-friendly goods.
With the tips above, you can start a profitable business that helps the environment as well.
Are you looking for startup opportunities to invest in? Join the CrowdfundingFinder community today!