Starting Your Own Green Business
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Green Business Rules
There are some basic ideas that should be considered when thinking of starting up your own green business. Some i understood before starting mine and some i did not. Hopefully i will come back to this over the months (and years) and add to it as i gain experience in this field.
1- Greener than green. There are no shortcuts when it comes to this.
When you have large multinational companies trying to squeeze the
market then you cannot be seen to be in any way anything other than as
green as a Martian lying in a flowerless meadow in early spring before
the grass gets a bit scorched.
This means from top down you have
to look at every faculty of the business and ensure that it is as green
as you can make it. It is your USP. It cannot be debatable. But there
are easier ways than you think about doing this.
2- The green community is a very powerful one these days. Possibly the
most powerful politically bipartisan group here in the UK and in many
other countries around the world, and it is growing. Let's face it, it
has to.
This means that if you have their ear and trust it is a
very valuable thing. But this can be lost very easily. The green
community ironically are very tech savvy and quick to recommend or
otherwise businesses that they have encountered. They can be a great
marketing tool as long as you stay true to point 1.
3- Understand from the outset what the goals for your business are.
If you are knitting a few jumpers a month from locally sourced organic
wool and want to make a bit of extra cash from your hobbie then that is
great.
If, however, you want to make a decent living out of your
business then you have treat it like a normal one. This means long long
hours and every free moment you have is spent doing or thinking about
the business for the first few months at least. It is even harder than
creating a normal one because you are constrained by the need to stay
true to your green credentials and ethics, but this should also act as
an energy booster to you.
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4- A number of years ago when i was studying economics the lecturers
told us about economic bubbles, it happened famously a couple of
centuries or so ago with tulips in Holland and it happened more
recently with internet stocks at the turn of the millennium. Basically,
something got so popular that the price rose and then other people
decided to rush into the market because the price was rising until
everyone lost sight of the fundamentals of whether or not the business
could actually make money. Then there was a crash when everyone
realised they were standing on a house of cards.
I feel that the
current recession has outed a lot of green companies. People have a lot
less cash in their pockets and so are not willing to fork out the
massive premiums for products and services that were green. It has made
a lot of green companies leaner, more efficient, more business-like.
Don't just assume that people will purchase your product because it is environmentally friendly. To ensure that you will be a success in your field in your mind's eye take the eco element out of your business - could it still compete? Or are you relying solely on that to bring customers in? For me, part of my business model revolves around the advantage i have over other companies in my market because i do not have to pass an extra costl on to customers, this makes me price competitive.
5- Don't think that because you are a "nice" business that everyone
will treat you nicely. My brother (who has his own successful business)
said to me when i was beginning to set-up, "the only person you can
rely upon is yourself". And i have learned to appreciate that.
It
doesn't make you a bad person to expect something to be done when you
were told it was going to be done if you are paying for the service.
If someone has not done some work for you that they said they would
then get on them until they do it.
Just because you are green friendly doesn't mean you can't demand high standards!
Green Your Business and Save Money
- Green Your Business and Save Money
1- Light bulbs. Get rid of the old style ones and replace them with green energy saving ones. They last up to 10 times the length of time that the old ones do. They also use around a third of the energy,...
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Further reading
- Starting a Green Business | Business.gov
Get expert advice and resources on starting a green business from Business.gov









