Ecopreneurist

Like this post? Subscribe to our RSS feed and stay up to date.

This is the first of several posts describing “Strategies of Abundance” for ecopreneurs and green business owners.

Even in financially tough times, these Strategies of Abundance reflect interrelationships between personal finance and business, especially for small business owners. The key for ecopreneurs is how they use their business to make the world a better place. Profits from a green enterprise are the catalyst for ecopreneurs to achieve their Earth Mission, whether to restore ecological integrity or make photovoltaic systems affordable to all.

STRATEGY #1: Stop paying the banker.

The longer you hold a mortgage, the more you work for the bank and the more profitable you make them. For comparison, below is a chart from our book, ECOpreneuring, reflecting how interest can pile up on a $100,000 mortgage at 7 percent interest for terms of 15 and 30 years. While the monthly payment is less for the 30-year mortgage (the primary reason many of us choose it), we end up paying more than double for the use of the same pot of money.

By accelerating our mortgage payments on our 30-year fixed mortgage by paying down the principal when we could, we have the ability to earn less income to pay the bank than if we did otherwise over the long-term. Prepayment on principal is usually acceptable and completely legal. Every time you pay down the principal, the remaining interest and balance is recalculated, meaning that more of your regular monthly payments go to the principal and not interest payments.

Read the rest of this entry »

Before you can open your doors for business, you need an office. Stocking your office with needed supplies is a great opportunity to show your green side and make sustainable choices. From furnishings to paper clips, there are eco-friendly options out there for every office need.

Whether you’re working from home or from a downtown high-rise, you can conserve paper, reduce energy use, and produce less waste by keeping the environment in mind for all your office purchases. In this article, I’ll share ideas for stocking your green office and sources of green office products. Read the rest of this entry »

Both for profit and non-profit businesses are led by ecopreneurs who are making the world a better place through their creative, innovative and ground-breaking enterprises. Lisa’s and my book, ECOpreneuring, features numerous “Ecopreneur Profiles” — including David Anderson, the founder and CEO of GreenOptions.com — along with many other brief summaries.

But there are millions of ecopreneurial enterprises prospering throughout the U.S. and around the world. Perhaps you’re one, too.

So, we have formed a partnership with EcoSector.com, an on-line portal serving as a unique conduit for growing the green economy, offering opportunities to share video clips, feature photographs of products or services, and display blogs. Read the rest of this entry »

The paperless office idea emerged along with the personal computer, its premise being that someday in the future, we will no longer need to use paper because everything will be in a digital format. While the truly paperless office may still be a myth and a seemingly impossible goal, it is still something we can move towards in our business operations. Paper and paperboard products constitute the largest portion of our waste stream, so reducing our paper use and recycling paper materials has a lot of potential to reduce the waste flowing into landfills and save trees at the same time.

While planning my business, I have been trying to find a few ways I can be a nearly paperless operation. I already send digital PDF files for invoices, agreements, and proofs rather than sending my clients paper documents. I use digital signatures for contracts, communicate via e-mail or phone, and avoid printing anything that I don’t absolutely need to. Still, my office is hardly paperless and there’s a lot more I plan to do as I formalize my practices and launch my business. Below are some suggestions for going paperless. Read the rest of this entry »

Most of my discussion last week with Patty Calkins, VP of Environment, Health, and Safety at Xerox, focused on her company’s efforts in the realm of sustainable business… so, not necessarily “ecopreneurial” material. As “document management” is a concern for any business owner, small or large, I made sure to address entrepreneurial issues with her. Specifically, I gave her a scenario: I’m the owner of a green start-up, and want to implement as many sustainable practices as possible while watching costs. How do I balance these priorities in terms of printing, paper use, and the energy costs that come with them?

It turns out (fortuitously … I didn’t know this up front) that Xerox was planning to release a series of tips on this topic this week in anticipation of Earth Day. That information was released today:

• Cut paper use. Make two-sided prints and copies using the “duplex” function, print multiple images per page, and print only the quantity you need at the time you need it. Saving paper also saves energy: Environmental Protection Agency estimates say it takes 10 times more energy to manufacture a piece of paper than to create another print or copy.
• Recycle the paper you use, and use recycled paper. Install bins in several office locations to make it easy to collect paper for recycling or for reuse as notepaper. And commit to purchasing recycled paper – it can meet the same performance specifications as non-recycled paper. Read the rest of this entry »

To prepare bright eyed, bushy tailed young managers and indeed, young enterpreneurs eco or not, for the challenges that the business world has laid out for them, dramatic shifts in their education and training - as well as a new Hippocratic Oath will be necessary, say Rakesh Khurana and Nitin Nohria of Harvard’s Business School.

Bryan Gallagher already brought up the need to seriously shake up the undergraduate silos system to keep up with business reality and demand for corporate environmental and social responsibility (CESR) leaders.

Khurana and Nohria want it to happen at the MBA level.

Read the rest of this entry »