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green business plan

How to Create a Viable Green Business Plan

More businesses are concerned about making their business environmentally friendly than ever. Studies show that 71% of global emissions are caused by only 100 specific enterprises. Fortunately, there are many practices that can mitigate some of the environmental damage, especially if you start a green business from the ground up.

Here are some ways to create a green company and market it effectively with the help of Plan Write GO.

Build a Business Plan

You likely already have an idea of the type of business you want to start, so the next step is creating a business plan. A business plan is a document you can show to investors to obtain funding. It is also the blueprint for your business. You will need to project costs for every aspect of the company, and you can include your green mission in your plan, too.

Typically, a business plan is from 15-20 pages and includes your structure, market analysis, company description, etc. An environmentally friendly option will often add costs to manufacturing, travel expenses, and other steps. You will want to be clear about your environmental goals so investors can get on board with your mission.

Look for Inspiration

If you’re struggling with innovative ways to be more eco-friendly, looking to those who have done it successfully is a great way to gain motivation. 

Tesla is an excellent example of a company that started from a business plan and has grown into one of the most notable green companies in the world. Green businesses like Kering SA in France and Umicore in Belgium have some of the highest green scores in the world. And according to statistics, these companies profit more and live longer than many others.

Market Your Products and Services

Your business plan will include how you intend to market your products and who your potential customers are. If being green is important to you, you can share this with your audience and attract buyers that resonate with your vision. Many consumers are looking to support environmentally friendly businesses, so you should include this information when you advertise. You can also make your marketing plan more green by going paperless and focusing on internet advertising.

When launching a new product, you may be overwhelmed by how complicated the process is. Thankfully, market strategy templates are available that make remembering every step easier. These templates typically include your business plan, marketing strategy, and anything else relevant to your launch. You can use a premade template to save yourself the time of creating one from scratch.

Distinguish Yourself

With the rise of green products, there has been an uptick in greenwashing. This is when companies take advantage of eco-minded customers by advertising green products without actually being environmentally friendly.

You will want to make sure customers know you’re different by being clear about your objectives and practices. One way to do this is by getting green certifications from well-respected organizations. These seals of approval show customers that you’ve been evaluated by a third party and have passed the test.

Starting a green business can be incredibly rewarding and allows you to combine your passions with your work. With a bit of preparation, the extra processes of being environmentally friendly can run smoothly. Remember to break everything down into manageable goals to avoid getting overwhelmed. If you do this, you’ll be much more likely to follow through.