Starting a sustainable small business is not only good for the environment — it’s good for you, too. There are plenty of reasons to make the switch, from reducing your carbon footprint to supporting local economies. Here are ten reasons why starting a sustainable small business is a smart move:
1. Reduce your carbon footprint
If you have yet to learn about carbon footprints and how they affect the environment, now is the time. A carbon footprint is the total amount of greenhouse gases emitted by an individual, organization, or event. In other words, it’s your contribution to climate change.
According to a 2020 study, about 20% of the total greenhouse gas emissions in the United States come from residential energy use alone. So, if you’re looking to reduce your carbon footprint within your community, one of the best things you can do is start a sustainable small business.
2. Save money in the long run
Yes, sustainable businesses often have higher upfront costs. But in the long run, they tend to be more efficient and use fewer resources. That’s because sustainable companies focus on using the right technology and resources rather than the cheapest ones.
3. Create a more sustainable future
As a sustainable small business owner, you’ll do your part to create a more sustainable future. You can use environmentally friendly practices, support local economies, and set an example for others to follow.
Although this may be easier said than done, choosing to start a sustainable small business is essential because it conveys that sustainability is possible — and profitable. So, if you’re looking to make a difference, creating a sustainable small business is a great place to start.
4. Support local economies
More of your money stays in the community when you buy from a local business. That’s because local businesses often purchase from other local businesses, which keeps the money circulating. Suppose you want to start a residential roofing service. You could buy your supplies from a big-box store or a local hardware store. If you choose the latter, you’ll support a local business, and your money is more likely to stay in the community.
5. Reduce your overall waste production
The average American generates about 4.9 pounds of trash per day — that’s a lot of waste! As a sustainable small business owner, you’ll be able to reduce your waste production by implementing recycling and composting programs. You can also reduce waste by choosing packaging made from recycled materials.
Borrowing from the earlier example, you can source your roofing materials from a local hardware store that sells recycled products. Of course, you should ensure durability and quality before making any purchase, but this can be a great way to reduce your waste.
6. Attract environmentally conscious customers
Nowadays, more and more people are looking to support businesses that share their values. If you run a sustainable business, you’ll be able to attract these environmentally conscious customers. You’ll also have the opportunity to educate your customers about sustainability and why it’s crucial.
7. Enjoy tax breaks and other benefits
Sustainable businesses are eligible for tax breaks and other benefits in many cases. For example, the US government offers property owners a tax credit for installing solar panels in their properties. There are also many state and local incentives for businesses that adopt sustainable practices.
Aside from financial benefits, sustainable businesses also enjoy better public relations and increased customer loyalty because of their environmental and social responsibility. That’s why it’s essential to learn how to start a sustainable small business.
8. Conserve energy and water
Sustainable businesses often use less energy and water than traditional businesses. That’s because they focus on conserving these resources through energy-efficient appliances and water-saving fixtures. You can further save energy by using solar power or wind energy.
9. Increase your chances of success
The fact is, sustainable businesses are more likely to succeed than traditional businesses. They have lower overhead costs, are more resilient to shocks, and enjoy increased customer loyalty. As a sustainable small business owner, you’ll have a better chance of achieving your long-term goals.
Of course, you should know that your success won’t come without hard work. But if you’re passionate about sustainability and willing to put in the effort, starting a sustainable small business can be a great way to create a brighter future for yourself and the planet.
10. Make a difference in the world
Finally, one of the best reasons to start a sustainable small business is that you’ll be able to make a difference in the world. You’ll be helping to preserve the environment, support local economies, and create a more sustainable future. What could be more rewarding than that?
There you have it: ten reasons to start a sustainable small business. If you’re looking for ways to make a difference in the world, this is one of the best ways to do it. Not only will you be doing your part to create a better future, but you’ll also be setting yourself up for success in the process. So what are you waiting for? Get started today!