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How to develop your business on the international scale?

Developing your business abroad seems simple thanks to the Internet. However, internationalisation can fail without a good prior study of the competition, the market, and/or cultural codes.

Digital activities are continuing to grow internationally, partly due to the facilities that the Internet offers to entrepreneurs. It is easy to slack off with the advantages of technology. It allows you to create an activity with the prospect of developing it internationally, all without moving from home. This does not mean that it is effortless. To expand on an international scale, you will need to grow your expertise and multiply collaborations. Therefore, staying at home and taking it easy is not a real option.

Below are some key steps to take when planning to launch your business abroad.

Analyse your business’s performance with regards to the local market

Before considering the expansion of your business on the international scale, you should conduct a study about its current performance. Are local customers happy with the services that it offers? Is your business successful at the local level? If the answers to these are yes, you should try to understand what makes your product/service appealing to consumers.

If you are unfamiliar with the local market or the behaviour of your customers, you can ask them directly. Set up a feedback form on your website, e-mail your clients with questions or conduct a satisfaction survey. The information that you gather will allow you to identify what makes your product attractive to your consumers. This data will be crucial when you start working on internationalisation.

Understand the expectations of the target foreign market

Your product may be the best and most attractive in its local market. There is still a possibility that it will not work at all in a new geographical area. Various entrepreneurs face this problem when they attempt to expand abroad without carrying out prior research.

Determining the readiness of the target foreign market to accept your product is easier after studying its demands. It is also helpful to determine whether the competition is already established and powerful or not.

Be patient and take your time to determine the above factors instead of rushing in unknown territory. If you are lucky, you might struggle a bit in the beginning and learn as you go. With a little less luck, you will most likely fail to go with the trend and you will fall behind.

To avoid wasting your time and effort in an unsuccessful foreign business adventure, study carefully and prepare a viable plan.

Make your business adaptable

Observing the market and understanding it will also allow your company to adapt to its differences.

Adapting is necessary for the successful integration of your business in its new market. Be they languages, symbolism, colours or messages to convey, some are not well accepted in certain cultures. As they, your company should work to blend into the cultural mould of the destination market.

The prior research that you carry out will enhance your adaptability. You will be able to both merge with the culture and offer something new to the market. This is one of the formulas for success that are perfectly calibrated to an international deployment.

 

International growth is one of the most exciting and complicated stages in a business’s life. It can open up the market and the number of consumers within the enterprise’s network. It can also be catastrophic for development if it is poorly managed. Take the time to analyse and understand the new market, its cultural codes, its competition and its consumers. As said above, your product may be the best locally, but it must adapt to succeed internationally.

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Communication: the key ingredient to building a profitable business

Behind every successful enterprise lies a controlled communication strategy. It is essential to integrate this type of strategy into most of your processes. This applies when exchanging with current customers, potential customers, service providers or your employees. Why such a focus on communication? That is because without consistent communication, you will not be able to build the trust of your audience. It will then be difficult to drive commitment and make your business profitable.

How to effectively communicate with the parties involved in your activity? This article provides answers to this question.

Communicating with potential customers

You must be particularly careful when exchanging with potential parties. Below are some rules to build their trust and turn them into clients:

  • Consumers want solutions. No matter what product you launch, highlight its ability to solve a problem or meet a specific need.
  • Focus most of your content on the value that your product or service can bring to consumers.
  • Be creative in your communication. Think about entertaining or inspiring your audience while conveying your idea. Clients will easily remember this type of message and will automatically think of your product when there is a need. Consider using online tools to create excellent visuals or videos. If necessary, you can also employ a graphic designer.
  • Experiment by interacting with the public through questionnaires, surveys and an active presence on social networks.

Communication with customers

Acquiring new clients is much more difficult than keeping the ones you already have. To sustain your business, take care of consumers who already trust you. Here are some tips to help you communicate with them and strengthen their loyalty:

  • Always thank a customer who buys your products by sending a personalized message. You can easily automate this practice if you sell your products or services online.
  • Ask customers to return after using your products and services. Also, consider getting their feedback regarding customer experience. Example of questions are: How did they choose your service? Did they find it easy or complicated to order on your site or to contact you?
  • Set up an irreproachable customer service. Returns, reimbursements and transactions must be smooth and quick.
  • Add a live chat on your website to facilitate communication with customers.
  • Recruit and train customer relationship agents with care; they represent your brand.
  • Ask your customers to produce content (testimonials or recommendations in video or image or text format) on your various platforms. They find enjoyment in doing so and you can easily share high quality content!

 

Communicating with your team

Be it your in-house staff or your service providers, you must always motivate your team. If the people who work with you are satisfied with their objectives, they will become your best ambassadors.

  • Your team needs to know your short and long-term goals. It is important for them to know where you’re going and what you want from them.
  • Get reports from your team members on a daily basis. This can be done either through face-to-face meetings or via video conference. Always ask what you can do to facilitate their job.
  • Develop personal relationships with your team through your communication. Share your life outside of work and encourage them to share theirs. Such a relationship encourages your staff to take initiatives and dedicate themselves to the company.
  • Involve your team when problems arise or decisions need to be made. Ask for their comments and ideas, even if you don’t use them in the end.
  • Openly congratulate and reward team members. Praising a team member in front of his peers is the best way to boost him for the future.

Take care of your communication with all the parties in your company. From customers to suppliers, colleagues and potential customers, all require special attention.

With the myriad of existing means of communication, you can make your business thrive and grow.

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4 ways to help you find balance between family and work

Finding a balance between work life and family life can be quite difficult. This is even more so the case in Mauritius, where companies do not adapt easily to certain situations. To keep top female employees within their ranks, various firms in developed countries are providing support to mothers. They offer several incentives and services to help women with their new commitments. Parents both get to take a paid year off work so as to cope with pregnancy and child care. In turn, these facilities work. The number of women who resign from their jobs decreases. Since parents feel less stressed when they are supported by their companies, they are more productive. All of these affect fellow coworkers, who feel more at ease knowing that their firm will take care of them in difficult times. Thus, they work more happily and increase their company’s financial rendition.

However, these services are not extensively provided in Mauritius. As such, parents have to make compromises to accommodate both work and family lives. Below are some steps that employees can follow to find a certain balance between these two different yet important worlds:

1. Look for flexibility

Time is essential for employees who have to look after their families. As such, they should try to get the maximum amount of time they can. Parents can ask their companies for options such as working remotely. They can also negotiate for flexible hours. These will allow them to save time that they would have spent commuting to their office. As they will be working from home, they will be more present for their families. This will in turn reduce the pressure that parents feel when they do not spend enough time with their children.

2. Take some time to relax

Many parents feel overworked since they have to take care of both their work and their home. They can get overwhelmed by this sentiment as they worry about being able to cope. This stress impacts on their mood and a bad mood can be detrimental to both the family and work. Taking some time to relax is therefore crucial. The amount of time that parents spend with their children is already limited. It should not be made worse with bitterness due to stress.

3. Get support and help

Women are often confronted with an impossible list of tasks that they have to complete within 24 hours. Taking the help of their partner is sure to decrease their amount of work and improve their efficiency and mood. Single parents face the same issue. Relying on other family members and on friends is another option. The more help one can get, the easier it is to find a balance between family life and work life.

4. Save money

Working parents can reduce their expenses by getting rid of expensive items that they do not need. By doing so, they will feel less pressured by debts and other financial concerns. Some may even find it more practical to switch to a part-time job following a decrease in monetary pressure. As such, they will get more time to spend with their families. This will in turn lead them to maintain the healthy balance that they are looking for.

 

As seen above, maintaining a full-time job while being present at home as a parent is not impossible. If companies begin to increase the support that they offer to parents, finding a balance between work and family will surely become easier.

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Mistakes to avoid when creating a start-up

A significant percentage of businesses that are created these days are start-ups. These small businesses often stem from brilliant ideas and proceed to develop rapidly.

Launching a start-up requires a lot of fore-thought and preparation. Yet, it is not uncommon for young entrepreneurs to find themselves facing problems that they could have avoided.

Here are some mistakes to avoid when creating a start-up.

  1. Not creating a business plan

Most people become impatient when they think they have found “the right idea”. While understandable, it is recommended that you take the time to plan your project and an accompanying budget.

Creating a business plan is an essential step in ensuring the sustainability of your project. Some start-ups need substantial funds to grow, which makes it very important to keep track of all monetary transactions.

  1. Not adapting to changes

It is very common for things to not go as planned. This is especially the case when launching a business; even more so when doing it for the first time.

The mistake an entrepreneur might make in this case is to stick to the original plan. Changing your strategy can be a matter of survival for your business.

  1. Not taking the first step to launch the product

Striving for perfection, while not a bad thing per se, can be greatly hamper the progression of your business. In other words, wanting your product to be fully developed before it is launched can have serious consequences.

To avoid this mistake, you should favour communication and launch your project. Rather than keeping your innovative idea hidden as you perfect it, it is better to launch a basic version. You will have time to tweak the details later.

  1. Not seeking assistance

Few start-ups are supported by a single person. Often, several skills are needed: research & development, fundraising, communication, marketing, etc…

Working with a team will keep you motivated, even in difficult times. Also, it will be easier to gain financial support as concerned organisations usually prefer teams to solo projects.

  1. Not asking for advice

 

Sometimes, just your opinion and your expertise with regards to your project are not enough.

Be it for the design of your project or for the legal aspects related to your activity, seek expert advice. Lawyers, experienced entrepreneurs and even strangers will tell you the weak points of your business and how to overcome them.

  1. Not making involved people sign a non-disclosure agreement

This is not about trust, it is about common sense.

Many projects meet their end because their competitors get wind of certain crucial elements. Product innovation, marketing approach, partnerships and many other parts of your business should be confidential.

Ask each member of your start-up, and each participant in your project, to sign a non-disclosure agreement.

  1. Not protecting your personal assets

Finally, it is advisable to separate your personal assets from your business assets.

Pay special attention when choosing your company’s status. In case of financial problems, you and your family will be safe.

As long as you go about launching your business in a careful and smart way, you will not experience problems. In case of uncertainty, you should not hesitate to seek advice and support from your family, friends and professionals.

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The road to entrepreneurship: 5 obstacles and their solutions

Great business ideas often come alongside various difficulties to get started. Becoming independent does have an impact on a person’s way of living. Those who work in a company often end up facing a radical change in their lifestyles.

However, if the project really matters to you and could eventually develop into a flourishing business, it would be a shame not to attempt the adventure. Below are some common obstacles that aspiring entrepreneurs face, including the ways to overcome them.

 

  1. Lack of time

The most common reason that people cite as a barrier to their aspirations is the lack of time.

It is true that the process to create a business is time consuming. Developing the idea, creating a business plan, finding an economic model, asking quotes from potential suppliers… All of these take a certain amount of time that most people do not have, especially employees.

There are several ways to work around this problem:

Getting up early in the morning and/or going to bed later in the evening to work on your project before and after work can be helpful. Use to-do list applications to organize your tasks and maximize your efficiency.

Try to see if your company will enable you to take a few days off to start a new activity. If that is not possible, you can consider part-time working options.

On a more drastic note, you may want to discuss your project with your spouse or partner. The decision to live on a single salary while you develop your business is a hard one to make. It still remains a viable option despite requiring you to make certain sacrifices. As the saying goes, time is money, and this leads us to our second point.

 

  1. Fear of financial insecurity

Setting up your own business often means that you will not receive as salary much for several months. All the money that you have and that you will make will be spent on your project. Sales can also be unstable after the launch. In the end, your source of revenue will most probably not be as comfortable as a fixed salary.

However, financial aids are available to the supporters of a project. Various sponsors can provide you with monetary support and incubators can assist you with this problem.

Also, remember that earning less in the beginning is normal for any start-up. The purpose of a business is to earn more money than you could have done in your nine-to-five job. Of course, it also has other advantages, such as independence, freedom, fulfilment, pride…

  1. Lack of money

Contrary to popular belief, opening a business does not necessarily require an absurd amount of money. Depending on the sector or type of the business, some start-ups can even be launched with Rs.0. This is possible if you choose to work on a project which does not require much material input. You can also work with recycled or second-hand items in the beginning.

With careful planning, you can also save enough money to launch your business comfortably. If you are currently working and earn a salary, you can begin amassing your capital now. If need be, you might also wish to reduce outing, holiday or shopping costs.

 

  1. Fear of loneliness

Many people shy away from entrepreneurship due to the loneliness that they associate to independence. However, you do not have to be alone if you do not want to!

There are various ways in which you can get assistance and friends to accompany you as you launch your business. Between incubators, co-working spaces and group rentals, you can work with other entrepreneurs and expand your professional network.

Take part in events such as conferences, expos or fairs to meet people outside of your home or workplace.

Finally, your family and friends will undoubtedly support you and keep you company. Starting a business doesn’t mean that you have to forget your social life.

 

  1. Fear of self-management

You will be the sole master of your schedule, yes. This means, for many people, that you will be very prone to distractions.

The television in your living room will constantly try to lure you away from work. You will miss the sun and will want to take your time to walk in the park. Your friends will want to come and see you on their holidays. The list is admittedly non-exhaustive.

If you are not a natural at organisation and if you do not know how to say no (to your friends or to your desires), then do not work from home. Go to co-working spaces so as to stay focused. You can also use a calendar or to-do list app to keep track of what you need to do during the day.

In any case, self-management will come naturally when your schedule is filled. You will have no choice but to hold the deadlines.

 

The five obstructions mentioned above are not the complete list of factors that prevent people from thinking about entrepreneurship. Many other aspects can dissuade an aspiring entrepreneur to continue down this path. Still, all problems have a variety of solutions that can be applied according to circumstances. If you want to open your own business and are experiencing difficulties, do not lose hope. There is bound to be a way to overcome your hurdles and reach your goal.

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5 tips to improve communication within your team

Communication between the members of your team is crucial to make your company achieve its objectives. Difficult communication wastes time, creates distrust and becomes a source of stress for your employees. These are the ideal factors for mediocre results. However, there are several measures that you can take to make your employees work better together. Here are 5 tips to promote harmonious collaboration between colleagues:

 

1. Promote human contact

Considering the variety of internal communication tools that companies employ, human contact is often deemed negligible. Some of your staff would rather send an email than walk to a colleague to talk over an issue.

Try to encourage your employees to get together for coffee. They might also benefit from a small informal meeting in the morning to get the day going. These will allow for a lot more productive discussion than a series of virtual messages would. Moreover, meeting face-to-face strengthens the bond within your team.

 

2. Correction: ‘reasonable’ human contact

While face-to-face communication has many benefits, it can also have some negative effects. For instance, walking up to someone to ask them about various small matters can become quite overbearing.

Before interrupting a colleague, it is important to look for signs of his/her availability. One of these might be to check whether the door to his/her office is open or closed. Another sign that someone is focused on their work would be when they are listening to music via headphones. In case the person is unavailable, it might be best to come back at a later time or to send an email.

 

3. Organise meaningful meetings

Spending time together brings team members closer and helps to identify common interests. In meetings, employees get to know each other and communicate properly. While these will not make all of the colleagues friends, they are an opportunity to understand everyone’s motivation. This will in turn also work towards making communication much easier. Also, if face-to-face meetings are not possible, video conferences are still a viable option.

 

4. Hang out with colleagues

If you want to create bonds between your team members and improve communication, consider bringing them together for fun activities. Arrange lunches together or go for drinks after work. Team building events or simply relaxing days out can also be helpful.

These moments bring your employees closer to each other and definitely end up having a positive impact on their teamwork.

 

5. Encourage respect and honesty

Improving communication requires commitment from the whole team. In order to achieve this, you should establish a corporate culture that promotes respect and honesty.

When there is an issue, your employees should be able to express themselves as much as they should be listened to. If you send an email or use any other technological means of communication, take the time to reread your messages to check the tone. Thoughts may manifest differently in text than in real life.

 

With seamless, respectful and effective communication, your team will become more productive. It will be easier for your employees to work together towards a greater goal: the success of your business!

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Entrepreneurs & freelancers: 4 strategies to maintain creativity and productivity

Flexible working hours, no boss, no colleagues to distract you… There are many arguments that a freelancer can put forward to detail the advantages of his job. While being your own boss has its perks, maintaining both creativity and productivity every day is not an easy feat.

You may control your creativity and express it the way you want, but no one keeps you on track. Nobody makes sure that deadlines are met, a factor which might work against you. Indeed, it might make getting the job done difficult for some. To solve this problem, you can refer to the four strategies listed below. They may help you to find the perfect balance between productivity and creativity.

 

1. Devise and follow daily schedules

Time management is key to remaining effective as a freelancer/entrepreneur. However, this is not an easy skill to master. Most experienced professionals have had or still have trouble with time management. This is why they employ secretaries to whom they entrust this task.

For beginners, secretaries may not be an option. It is therefore up to you to manage your time and plan your projects.

To maintain a certain discipline and remain productive during your days, set schedules. Of course, you can define them according to your personal requirements and rhythm. However, for the progress of your business, it is essential to work at least 8 hours per day.

 

2. Organise your work

Blogging, web design, community management … Freelancers sometimes have to work for several clients at once, with different jobs for each of them.

Divide your tasks in terms of categories instead of clients and assign a time zone to each of them. For example, you can keep three hours to write articles, two for community management and three for web design. This way, your brain stays focused on a single task rather than on several at once.

 

3. Begin with the hardest work

For maximum efficiency, start your work day with the most difficult tasks. Working on high-concentration jobs is more time-consuming in the afternoon than earlier.

Indeed, you have more energy in the morning, after several hours of sleep. Beginning with the hardest tasks is therefore best for your productivity. Your creativity will also benefit from this type of planning since your day will be optimised.

 

4. Automate your finances

Choosing to be your own boss also requires you to be your own accountant. It can sometimes be frustrating to spend hours billing clients and making advance payments. After all, you could be using this time to focus on your job. However, it is important to keep your accounting up to date since your pay depends on it.

You can decrease the time taken to calculate finances by using online tools and apps. Designing templates for quotes, bills and e-mails, amongst others, can also be time saving.

 

As mentioned above, these solutions are not set in stone; you can adapt them according to own needs and purposes. It is, however, important to remember that to be creative, you need enough time to dedicate to your projects.

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3 ways to promote your start-up in 2019

Every year, thousands of start-ups are born and you might be one of them. While you may have found the right way to develop your business, you still have to work on gathering an audience.

Good communication is the key to promoting your start-up, but this year calls for new ways to attract attention. Strategies such as web advertising, telephone marketing and the creation of a website are simply not enough anymore.

Following the shift in trends, new marketing strategies have been developed. Here are some of them:

 

Develop a content marketing strategy

Content marketing is one of the first solutions you can turn to. Apart from being extremely affordable, its benefits are also more effective.

You can create any kind of content to attract the attention of your audience. From blog articles to infographics, including videos, podcasts, guides and white papers… you have a wide choice! Having various types of content will increase the chances of them being shared on social networks and going viral.

You can go even further by transforming one type of content into another. For instance, a video can be created from various blog posts. This will allow you to capture the attention of a larger audience around the same topic.

However, any content marketing strategy that you decide to implement should go through SEO (Search Engine Optimisation).

Being careful about SEO will be essential to boost your visibility on search engines. To ensure that your content is optimised, you should firstly try to learn more about SEO on the internet. You can also turn to SEO professionals.

After creating your content and optimising it for search engines, you will have to promote it. You can do so via your site, in newsletters or on social networks.

A content marketing strategy should allow you:

  • To make your mark within your industry
  • To be credible in the eyes of netizens
  • To educate your audience about your products or services
  • To Improve your SEO and bring traffic to your site

Some tips

Make sure you know your target before you start creating content. Afterwards, you should regularly measure the performance of your strategy so as to improve it.

Creating webinars

Videos are currently a very popular format. They can be used to create an enormous variety of content: interviews, testimonials, presentations for your company, and many more. So why not webinars?

You can easily introduce your company to the world via Facebook Live or on YouTube. Videos also allow you to promote your product(s) or service(s) by stating its/their characteristics and benefits.

Some tips

Promote your webinar a few days or even a few weeks before actually posting for more viewership.

As for the presentation, it’s always a good idea to favour an enthusiastic tone. Netizens usually pay more attention to dynamic presentations.

 

Partnerships with influencers

Influence marketing is ‘the’ strategy which works for adverting.

While it may not be as strongly present on the Mauritian advertising scene as it is abroad, influence marketing is a very promising strategy. For this strategy to be effective, choose web stars who communicate to a target audience similar to yours. This will allow them to effectively promote your products to a wider audience.

 

As seen above, 2019 is not the year for widely spread marketing systems that are slow-rising. Instead, it calls for innovation and favours those who are strategically creative. So do not hesitate to try new ways to promote your start-up; it will need the boost.

 

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Changing career paths at 50

People have different reactions towards the thought of changing career paths at 50. Some are excited, while some are scared and others are unsure. Many question the need to switch to another job at this specific age since they do not have much left until retirement. The reactions all depend on the point of view. One can see the years they have left at their current job as ‘a short time’ while another may see them as ‘an eternity’. Most people looking to change careers agree with the latter thought. They either do not like the work they are doing or they want to switch to something they like more. The question is: is it possible? It may be difficult, but yes, it is definitely possible to change career paths at 50.

The hardest is to decide whether to stay at their current job or to leave. After passing all these years at the same company, climbing up the ladder and becoming an expert at a specific work, choosing to switch can be very difficult. Many are scared to move out of their comfort zones, which is a perfectly normal reaction. However, time passes as people hesitate with their decision. Statistics show that workers who launch themselves directly into the job search are more likely to get employed than those who prefer to wait for the right timing.

After taking the leap, the difficulties that one may face include fierce competition, technological disadvantage and financial liabilities. There is a very big number of highly qualified young job seekers on the market. Technology will also always be a problem for the older generation. This applies to those who are 50 now as well as those who will be 50 in twenty years. Looking for a new job is also time consuming, a period which may create a dent in years of savings. However, older job seekers retain certain advantages over their younger counterparts. Their most important plus point is experience. Even if they are changing career paths, they have acquired various skills over the years. These abilities will surely be useful. High-level skills and experience in the work environment can highlight a CV and increase the chances of getting employed.

Here are some tips that can be helpful when deciding to change career paths at 50:

1. Know what you want to do and what you can do

It’s important to be both positive and realistic when choosing to switch jobs. Taking the time to think about what one wants to do and what one can do is a crucial step.

2. Weigh the money implications

While money should not be the main goal when changing careers, it should still be on the list of things to consider. After all, a certain amount of income will be necessary to pay bills and afford some luxuries.

3. Upgrade your skills

One is never too old to learn. Mastering new skills to meet the requirements of the current job market should not be a setback. The job seeker should also be ready to learn and adapt to a whole new job from scratch.

4. Seek help and support

As mentioned above, changing career paths at 50 is not easy. Therefore, seeking the support of family and friends as well as professional advice will surely be helpful.

 

All in all, ending a job adventure to begin another one can be challenging. However, wasting away precious time at a job that one hates is not a wise decision. Change should therefore be an option so as to experience what life has to offer to the fullest.

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How to build an eco-friendly business

Going green is not just a thoughtful decision to take with regards to the environment. It also enhances the way customers perceive a company. For instance, for the same service, a client might choose one firm over the other just because it is eco-friendly. Firms can thus impress consumers and potential collaborators by opting to protect the environment.

There is no need to make drastic changes. A company can start shifting to eco-friendly means through some simple steps. Building a green business from scratch also involves the same ideas: rejecting practices that harm the environment to adopt those that support it.

Firstly, these are the materials that an environmentally friendly company should avoid using:

  1. Plastics that are made from polyethylene
  2. Multilayered packaging
  3. Styrofoam
  4. Polystyrene
  5. Fossil fuel energy
  6. Materials that cannot be recycled

A firm wishing to go green can use the following instead:

  1. Plant-based plastics
  2. Biodegradable plastics
  3. Alternative energy sources
  4. Recycled materials and products
  5. Recycled moulded packaging
  6. Post-consumer recycled polyethylene bags that are made from recycled waste

Just by changing the products that the firm uses, it is already positively enhancing its ecological footprint. In this sense, going green starts by producing less waste and favouring natural, recyclable energy.

This is only the beginning though, as many other measures can be taken to make a company eco-friendly. The list below shows certain steps than a firm can follow to drive its environmentally sustainable growth:

1. Invest in nature

Planting trees outside the office not only contributes to the protection of the environment, but also beautifies a building’s exterior aspect. Inside the building, plants can be used to purify the air. Scatter potted plants throughout the office, both in the lounge and next to employees. This will brighten up the atmosphere, make clients and new recruits more at ease and increase productivity to some extent.

2. Save energy

Switching off the lights when they are not in use decreases the amount of energy waste that a company produces. The enterprise can also opt for energy-efficient lighting instead of incandescent bulbs. At the same time, it can choose to replace old equipment and machinery with new, eco-friendly items. Adopting this practice also helps to save money on the electricity bills, resulting in an additional fund. This extra money can be used to better the company or to further finance the firm’s green venture.

3. Opt for electronic data management

Getting rid of unnecessary paperwork can significantly reduce a firm’s negative impact on the environment. Computerise as much data as possible. This is not only eco-friendly, but also saves money as there is no need to buy as much paper anymore. Recycling used paper which is no longer needed is another green practice.

4. Reduce oil consumption

A company will truly be environmentally friendly when its employees also adopt this value. For instance, carpooling is a good way to save oil and money. Public transportation and telecommuting are additional options that can be considered.

 

This is only a beginning. Many other measures can be adopted to build an environmentally sustainable business. It is never too late for a firm to decide to go green. The first step can be small, but its impact will undoubtedly be impressive.

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