Business Telegraph

The Entrepreneurs

SUSTAINABLE SMALL BUSINESS’ GROWTH IN 2020

  • Written by News Company



When it comes to a rather smaller business, any kind of growth seen within it is considered to be a triumph. However, if you have a small business and want to tread towards productive sustainability then there are few things that can help you. The year 2020 is all about making sure that all kinds of practices that we do in our daily life or business must lead towards creating a more sustainable system. This means that it is high time that we really work towards making sure that our methods can be as supportable as possible for the future of our younger generations. Here are some sustainable ways that small businesses can focus on to ensure growth in 2020.

Use Safer Equipment’s

Many small businesses often tend to ignore this fact but do not realize that it is really important for the growth of their business. The kind of equipment and materials that you use in your production or manufacturing can have a huge impact. Equipment and electrical ones, in general, must be of good quality so that they can provide you with much more sustainable practices. The testing of equipment can make sure that they are not using more energy than required making it evident that you are keeping your methods much more viable. Several companies today provide small business with optimum test and tag services that both visit your workplace and can also ensure that the electrical equipment when tested is safe for use. By doing this you can actually be certain that your small business is keeping safety measures in mind and aiming to make its practices more sustainable over the course of time. This can help you in reducing the risk of fires and other kinds of emergencies that can have a huge impact on the overall growth of your business.

Be Socially Responsible

When you are working towards the goal of making sure that your small business is acquiring sustainable practices for its growth in 2020 then you must be socially aware and responsible also. This is very important that you are very much focused on opting a business that supports your local community. Try to go for raw materials or products that are sourced locally and made within the area you live in. Many customers also prefer to support a business that is more socially responsible and are green. For instance, if you have a small bakery or café then you can include sustainable practices by supporting local farms and options to source your food. Another great way to do that is by introducing recyclable materials or packing options. This way you can make your customers understand how deeply committed you are to sustainable practices thus making them support you more. All this is crucial for your growth as a business in today’s day and age.

Set Reduction Targets

We all know that the amount of carbon footprint that every individual, society, and business leaves on this planet’s climate is increasing exponentially and it has a huge impact on the overall sustainability of the planet. When you are a small business you might tend to have a lesser carbon footprint than other bigger ones but nonetheless, you still have some. Your goal in order to accelerate your business growth must be focused on reducing your current carbon footprint as much as you can. The best way to do that is by setting some sort of reduction targets for your activities that can be achieved within a period of time. You can do this by studying your actual carbon footprint report and then setting targets. For example, you can analyze your practices and then see if you can try to reduce some percentage of your carbon footprint in the coming five years. Maybe you can aim to reduce one per cent carbon footprint each year that leads up to a total of 5% reduction until 2025.

Invest In Your Workforce

Well, this is one fact that cannot be stressed upon enough in order to promote sustainable growth for your business in 2020. Your workforce is actually a very important asset for your business. Investing in your workforce does not necessarily mean in the financial terms. This focuses on keeping them satisfied and making them happy. Think of Maslow’s hierarchy, does the top of the pyramid ring any bell? The idea of self-actualization is very important here. Make sure that you keep your workforce happy and support them in any way possible. If there are people who have trouble due to transportation, work the issues out with them. Trust me this will hugely impact your growth and sustainability. Encourage the workforce as much as you can to get involved within the community. This will show your customers how well aware your business is in terms of working on things that matter in real life.

Utilize Technologies

This is a great step that many small businesses can take seriously in order to make sure that they are progressing towards sustainable growth in 2020. Technology is a huge enabler that has and is changing the way we perceive business practices today. From e-receipts to the use of solar panels there have been many new tech advancements that have given the small business a huge boost. It can help you in determining the supply chain data that you require with increased demand in the most effective manner. Did you know that over eighty per cent of manufacturing executives are actually relying on investing in sustainable technologies for the growth of their business? The reason for that is that technologies are utilized in the proper way can give your business a huge sustainable boost overall.

The key to making sure that your small businesses have sustainable growth in 2020 is to be ambitious and patient. Big changes certainly do not happen overnight so make sure you have effective mechanisms to deal with changing environmental needs and are working towards a few of the practices mentioned above to ensure that your growth is as sustainable as possible for the future of the world.

Entrepreneurs & Leaders

How To Choose Leather Watch Brands

Every accessory has its value and beauty to add on to the user using it. A watch, the most common accessory, is no...

Aerated Treatment Systems: The Best Alternative for Septic Systems

In rural areas with houses that are spaced widely apart, residents use onsite water treatment systems like aerated...

Would you be able to bring down business transfer expenses?

While you can agree to an online-based business account like TransferWise or PayPal or go with the great standard ...

Top 10 Office Desk Accessories You Must Buy

The design or set up of your office is one of the important factors affecting your productivity. Available space, ligh...

10 Female Inventors You Should Know About

We are all aware of the great and historic male innovators such as Alexander Graham Bell and Benjamin Franklin. Ho...

Startups to ‘explode' post COVID-19

Frenetic start up activity is imminent as business begins to adapt to a post COVID-19 economy, according to the ho...

New Tech Career Programs Opened Up For Thousands of Job Seekers

Randstad partners with veteran business WithYouWithMe to help Australians gain new tech skills Global leader in H...

6 Great Tips for Building a Custom Home You've Always Dreamed About

Building your own home is a great opportunity to create a customized space that suits your needs perfectly. Howeve...

10 Important Things to Consider Before Selling Your House in Perth

Have you been thinking of selling your house? It would help if you started to prepare as early as possible, ensuring t...

FIVE THINGS NO ONE TELLS YOU ABOUT BRACES FOR TEENS

Health is a fundamental concept of living. Without health, there is nothing. The term “health” refers to a state where...

SEVEN HOME IMPROVEMENT IDEAS ON A BUDGET

One tends to get bored with the same daily routine of going to work and completing household chores. After a tirin...

TIPS FOR STARTING YOUR OWN LAUNDRY BUSINESS

Not every apartment has all the items that one might need, and in such cases, a common man would see helplessness, but...

BENEFITS OF USING A COMMERCIAL LAUNDRY SERVICE

No doubt, we are living in a century where our lives revolve around various kinds of machines and gadgets. And the sol...

TOP IDEAS FOR PROMOTING YOUR SMALL BUSINESS

Are you wondering about doing smart promotion for a small business without breaking the bank? Well, there are a lot ...

TOP TEN HOME OFFICE UPGRADES FOR 2020

The outbreak of the COVID-19 pandemic has been the biggest highlight of the year 2020. It has drastically affected the...

DISRUPTIVE INNOVATION CAUSED BY SMALL BUSINESSES

Innovations that undermine the natural balance of resources and values ​​in the market are called disruptive innovat...

HOW THE ADVENT OF E-COMMERCE HAS EASED PEOPLE'S LIVES

In this modern era, we are currently living a convenient lifestyle, all thanks to technological improvements. Many peo...

7 BENEFITS OF NETWORK-BASED CUSTOMER SERVICES TO INCREASE YOUR BUSINESS REVENUE

Customer service is the support that you offer your customers before, during and after they buy or use your products o...

DIFFERENT TYPES OF INDOOR AND OUTDOOR GAMES ONE SHOULD TRY

Games are integral parts of human history and an integral milestone in the development of human civilization. They are...

Maintenance of A Home: A Necessity To Avoid Mishaps

In the rapidly changing world, people are often seen struggling to maintain their lifestyle with the best available re...

What Is Invoice Factoring & Does My Business Need It?

Are you ready to move your business to the next level but dreading the long and intensive application process? If you ...

SUSTAINABLE SMALL BUSINESS’ GROWTH IN 2020

When it comes to a rather smaller business, any kind of growth seen within it is considered to be a triumph. However...

ANZ Access Advantage Card: Benefits and Features

ANZ advantage card features a host of incredible benefits when opening an account. The ANZ account allows for a ra...

Business Meetings - What is the correct Way to Write Roman Dates

How do most people plan their daily tasks? What is the first parameter which they think about before starting the day? T...



News Company Media Core

Content & Technology Connecting Global Audiences

More Information - Less Opinion