Benefits of green businesses by Sylvia Yap Xi Hua

Benefits of green businesses by Sylvia Yap Xi Hua

2019

There has been little considerations towards the environment from around the globe. Starting a green business, also known as a sustainable business which is an enterprise that helps to spread awareness and make a difference of helping to minimalize the negative impact on the environment.  This kind of business adopts the principles, policies and practises to improve the quality of life for their employees, customers, communities and the planet.  Green businesses have several advantages.

The first advantage of a green business is raising public awareness of the environmental conditions. As mention before, a green business minimalizes the negative impact on the earth, They do it by selling healthy and eco-friendly products or services to their customers, or they do community service that help people to live a healthier lifestyle and improve the environmental conditions. A green business can also share information on their websites about themselves, their motives and activities that help to spread the word of being committed to saving the environment.

People who have been influenced, will be able to realize the error of their ways that has caused harm to the environment and themselves. They will be able to choose between businesses that are aligned with value and those that are not (cultivatingcapital.com, nd; rapidfinance.com, nd).

The second advantage of a green business is that it can meet the customers’ expectations. Due to polluted environmental conditions, people try to centre their lifestyles on more sustainable resources. The customers want to do their part by exchanging their money with business they can trust in making a difference to improve the environmental conditions. This expectation usually comes from people who are eco-conscious consumers. Consumers pay more for the green business’s brand that they believe can improve health, eco-life and other social values (ThriveHive.com, 2017; Joseph, 2019).

The third advantage is that a green business can create a greener workplace environment for the management and their employees. One of a business’s steppingstones is their employees, so it is significant that employee morale should be practised. In a green business, it is encouraged to improve the workplace environment by using green technology, recycled paper options, green cleaning materials, paperless processes or even organic food options. This shows that they not only care for their customer, themselves and the planet, but also their employees and the rest of the community involved.

Next, a green business has healthy, eco-friendly and efficient products that save more money and reduces waste. This is because, sustainable products are more long-lasting than non-green products and some can save more natural resources for the community and earth while also reducing the amount of waste being thrown away as the product last much longer than non-green versions. For example, light bulbs like CFLs and LEDs decrease the amount of electricity used, which also means it lowers the price for the electricity bills as well. This not only helps customers and the business itself to responsibly use energy, but also save money in the budget of daily, monthly or yearly prices (ThriveHive.com, 2017).

In conclusion, a green business has several advantages. Like other types of businesses, it takes time, effort and money to start and manage it, if done well it will pay off. They must stay true to their values and not make false claims of their products and services which may result in upsetting the consumers if they do not follow. While in their workplace environment, they must be careful when making a decision to go paperless, as mentioned before, it can lead to data risk. Those who want to start a green business should be prepared to sacrifice a huge sum of money, because a green business can be extremely expensive than other kinds of businesses

References Page (APA style)

Cultivating Capital.com. (nd). Top 10 best benefits of green business certification, https://www.cultivatingcapital.com/benefits-green-business-certification/

Joseph, C. (2019). The disadvantages of going green for a corporation. https://smallbusiness.chron.com/disadvantages-going-green-corporation-3318.html

Rapid Finance.com. (nd), The pros and cons of going green https://www.rapidfinance.com/blog/the-pros-and-cons-of-going-green/

ThriceHive.com. (2017). Benefits of going green for business owners. https://thrivehive.com/benefits-of-going-green-for-business-owners/