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4 Green Business Ideas for New Entrepreneurs

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At Blue and Green Tomorrow, we are encouraged to see more and more businesses focused on helping the environment. We still remember the old days in the 1990s and early 2000s when companies seldom gave any consideration to the environment. In 2019, customers are placing more value on sustainable companies than ever. Smart businesses are appealing to their concerns.

The Logistics of Starting a Green Company

Starting a business today comes with more concerns than in the past. Many green businesses start out with the intention of leaving a positive impact on the environment. These companies demonstrate business practices designed to provide a healthy and sustainable future for itself and its customers. If you are thinking about starting a small business, keep these things in mind:

  • Starting a green business can be satisfying as you make your impact on the world around you.
  • The rapid increase in environmentalism has created a growing market for eco-conscious consumers. The global market for eco-conscious products and businesses is projected to be over $2,740 billion by next year.

Starting a green business means focusing on the community and reducing waste and consumption. Let’s take a look at some of the best ways you can do this as a budding entrepreneur. For more ideas on ways that you can contribute to a green economy, check out this Motley Fool stock advisor review.

Home Garden

Many eco-conscious consumers are focused on where their food is coming from. That means an increasing number of people want to grow their own food. A green business that focuses on products to help people grow their own food could be huge, depending on location. One in three households in the United States grow vegetables, fruits, berries, or herbs.

Green Energy

Another big focus in the environmental movement is reducing oil-based energy consumption. Green businesses that revolve around saving energy and cutting energy costs are a safe bet well into the future. This category is huge and spans many home improvement areas.

Solar water heating systems offer energy savings by providing up to 70% of a family’s hot water for free. Solar panel installations are growing across the United States, too. The Solar Investment Tax Credit has helped solar panel installations grow 59% compared to 2006. You may have other energy saving business ideas that depend on your location in the world. Geothermal and wind energy are also possibilities, but are not usually in the realm of small-business entrepreneurs.

Eco-Friendly Household Products

Everything in the house has to be cleaned, from the laundry to the bed sheets. Traditionally produced laundry detergents and other cleaning products are wrecking water systems, so eco-conscious consumers look elsewhere. Eco-friendly cleaners are good ways to break into an environmentally conscious business.

Another idea that is taking hold quickly is the idea of a virtually waterless cleaning. This new way of cleaning uses less than 2% of the water and energy used by conventional washing machines. It hasn’t taken off and is not in production anywhere, but could be in the future.

Consulting

If you’re passionate about the world of being an eco-conscious consumer, you can offer that expertise to others. Many individuals and small businesses want to become greener but have no idea what to do to achieve that. Green consulting helps these businesses by putting together an action plan based on their client’s needs. Green consultants can also offer their expertise for company event planning.

Running a Green Company is Great for the Environment and Your Bottom Line

If you are looking to start a new business, you should consider making sure that it is green. You are going to feel great knowing that you are helping the environment. You will also notice that consumers are willing to pay a lot more for green products and services, so it can help your profitability too.

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