Any entrepreneur whether aspiring entrepreneur, or small business owner should be aware of how important sustainability, operating in an environmentally friendly manner, and keeping up to date on these issues are. The reality, however, is that between juggling the many demands and requirements of any small business owner, sustainability may be one of those items relegated to the back burner. It can be even more frustrating because it may appear that adopting certain sustainability practices are either not worth the effort and investment for a small business, sustainability initiatives might not attract customers, or add value to the bottom-line. Although this is certainly for some specific sustainability projects and ideas, that is no reason that you should ignore this topic or idea.

When discussing and analyzing this topic, two should be always try to consider are the cost/benefit aspect of certain projects, and whether or not the idea helps improve core business operations. The good news is that there are a number of options for entrepreneurs to choose from when approaching sustainability and businesses. Additionally, and arguably the most important point of this conversation is that many of the options and ideas do not require large investments. Like many new ideas or projects, investing incrementally in these ideas provides you an opportunity to experiment with these news ideas while seeing how they benefit your business.

Let’s take a look at a few ways that entrepreneurs, large or small, can link sustainability into businesses in a way that is good for the environment, and good for the bottom line.

Take advantage of tax incentives

Sustainability is a big business — there are tax incentives and credits that can directly reduce your tax liability starting in the current tax year, while also improving your business brand. Not every business or entrepreneur will be able to leverage these tax options, but if there is one that applies to your organization it makes perfect sense to take advantage of these options.

Savings on your energy bill

You and I have both seen the commercials and other information about energy efficient light bulbs, appliances, and other products, but these same items can benefit your business. Something as simple as installing LED bulbs, replacing windows over time, upgrading your heating and cooling system, or considering purchasing a hybrid vehicle for business use can all reduce costs starting immediately.

 

 

0 Comments

Leave a reply

Your email address will not be published. Required fields are marked *

*

CONTACT US

We're not around right now. But you can send us an email and we'll get back to you, asap.

Sending

FINWAZE makes no representations or warranties, express or implied, in relation to this website (www.finwaze.com) or the information and materials provided on this website. It does not also warrants that this website will be constantly available or available at all times. The information on this website is complete, true, accurate or non-misleading. Nothing on this website constitutes, or is meant to constitute, advice of any kind. FINWAZE shall not be liable for any damage or injury, whether direct or indirect, that it may cause in relation to the contents of, or use of, or otherwise in connection with this website. By using this website, you agree to the reasonableness of the limitations of liabilities herein set out and further agree to assume whatever risk, loss, damage or injury in may cause in connection to the use of this website. No claims shall be brought personally against the officers and employees of FINWAZE, in connection with the use of this website. The user of this website agree to the limitations of warranties and liabilities herein set out to protect the officers, employees, agents, subsidiaries, successors, assigns and sub-contractors as well as FINWAZE. Any unenforceable provisions that may be found on this website under applicable law shall not affect the enforceability of the other provisions.

Legal Documents  |  ©2019 Finwaze Philippines

Pin It on Pinterest

Share This

Log in with your credentials

Forgot your details?