#sustainable startup

[newbusinessideas]

How to Start a Biodegradable Plastic Bags Manufacturing Business

Want to turn your passion for sustainability into a thriving business? 🌍💼 Learn how to launch a biodegradable plastic bags manufacturing business and make a positive impact on the planet! #BiodegradableBags #sustainablebusiness #ecofriendlybusiness

The biodegradable plastic bag industry aims to create eco-friendly substitutes for conventional plastic bags. Biodegradable plastic bags are made to degrade more quickly in natural environments than ordinary plastics, which can take hundreds of years to break down. Usually composed of plant-based materials like sugarcane or cornstarch, these bags have a smaller environmental impact because they…

[solarpunkbusiness]

We're looking for organizations, schools, universities, institutions, communities, that want to appropriate the Academy's tools and become Activators. They will be recognized as allies of UNEP's work on Sustainable Living and will have access to trainings and a network of likeminded organizations committed to a more sustainable future. 

If you're interested in becoming an activator, please contact laura.astudillo@un.org.

Your Journey as an Activator:

As you embark on your journey to become an Activator, you can expect continuous support and guidance from us. You will gain access to our network and various valuable tools, including the Learning Module and the Green Book of Nudges. Moreover, we present exciting opportunities for future collaborations.

Becoming an Activator:

To attain Activator status, follow these essential steps:

Step 1: Commit 10 Participants

 Encourage and enroll a minimum of 10 individuals to engage with our Learning Module.

Step 2: Follow us on Instagram

Get your institution and 10 members of your community to follow @theofficialanatomyofaction on Instagram

Step 2: Certificate Confirmation

Provide the Sustainable Lifestyles Academy Team with the certificates of completion for these 10 participants, affirming their engagement in the module.

Step 3: Achievement Certification

Upon successful completion of the requirements, Sustainable Lifestyles Academy Activators will receive an official certificate recognizing their accomplishment.

Step 4: Engagement and Training

Activators are invited to participate actively in the academy's activities. Additionally, they have the opportunity to receive specialized training from the Sustainable Lifestyles Education (SLE) Team.

Step 5: University Edition Involvement

With a minimum of 100 participants, Sustainable Lifestyles Academy Activators can become part of the university edition of the My Sustainable Living Challenge.

Step 6: Stay Informed

Activators will receive a newsletter every two months, providing updates and insights into the happenings within the Sustainable Lifestyles Academy.

Thank you for your commitment to sustainable living and for considering the role of an Activator within the Sustainable Lifestyles Academy. Your dedication and contributions are instrumental in fostering responsible consumption and production for a better, more sustainable future.

For any questions or further assistance, please do not hesitate to contact laura.astudillo@un.org. 

[topnotchquark]

Opened twitter and Nico is going to be a VC now? With the fund vale at $75Mn?

[wholebranding]

At WholeBranding, we have coined the term "Greentrich" to describe a common and damaging behavior exhibited by brands and organizations. They ignore sustainability practices and bury their heads in the ground when confronted with environmental or social challenges. This unacceptable behavior can severely affect the brand's reputation and the planet's well-being.

Organizations must adopt a proactive and assertive communication strategy for environmental and social concerns to combat this behavior. This includes acknowledging the challenges, setting ambitious sustainability goals, implementing eco-friendly practices, and engaging with all stakeholders to build a more sustainable future.

At WholeBranding, we believe in taking decisive action to address sustainability challenges.

Let's Brand & Shine together to explore all the possibilities and take bold steps towards a more sustainable future!

[radixnutritive]

We are happy to announce that @radixnutritive® will be exhibiting its Gluten-free, Vegan and Millet product stack at Stall No 5, International Nutricereal Convention INCC 6.0 organized by Nutrihub, IIMR on 18th and 19th Oct 2024 at Novotel, HICC, Hyderabad.

Come and inspire us!!!

Stall No 5

📅 Dates: 18th & 19th October 2024

📍 Venue: Novotel, HICC, Hyderabad

Note: Free walk-in for all visitors from 3pm to 6pm

[thewilful]

The Role of PR in Promoting Low-Carbon Innovation in the UK

PR and communications agencies have a crucial role to play in promoting low-carbon innovation in the UK. By showcasing these innovations and promoting sustainable practices, they can help businesses and institutions reduce their carbon footprint while also promoting their brand. This can help drive the transition to a low-carbon, regenerative economy and create a more sustainable future for all.

[boostrapper]

5 Ways for Startups to Survive Recession

Introduction

Major economic forecasting institutions and experts are predicting an economic recession as a series of complex real economic problems such as inflation, supply chain collapse and geopolitical risks have recently emerged one after another. The predicted recession is to put early stage startups at risk, directly. The less activities from VCs recently forced startups to prepare for all the scenarios.

While the current economic recession may present challenges for startups, it can also be an opportunity for them to demonstrate their resilience and adaptability. Here are some strategies that can help your startups that will not only improve your chances of survival but also to attain a healthier and sustainable future growth.

Here are five ways for a tech startup to navigate a recession:

1. Extend your cash runway

As a startup, it is essential to focus on extending your cash runway in order to ensure sustainability and success during recession. This involves making sure that you have enough cash on hand to cover your expenses and maintain operations for as long as possible. According to a survey by the National Venture Capital Association, 82% of startups that fail do so because of premature scaling, or expanding too quickly without adequate resources. By carefully managing your cash flow and taking steps to extend your cash runway, you can avoid this common pitfall and give your startup the best chance of success.

Here are three key steps to help extend your cash runway:

Get a clear overview of your financial standing: Understanding your current cash flow, liquidity, and forecasts is essential to extending your cash runway. You can track your cash flow by looking at your income and expenses on a regular basis. Your liquidity is a measure of how easily you can access your cash and convert it into other assets. You can measure your liquidity by looking at your current assets, such as cash and accounts receivable, compared to your current liabilities, such as accounts payable and short-term debt. Finally, your forecasts are estimates of what your future financial performance might be. You can create financial forecasts by analyzing your past financial data and making assumptions about future economic conditions.

Change approach from optimistic to conservative: By being more cautious in your spending and making more conservative assumptions about your future financial performance, you can reduce your expenses and increase your cash runway. This might include reducing your marketing budget, delaying hiring new employees, or negotiating better terms with suppliers.

Identify unnecessary cost drivers: Unnecessary cost drivers are expenses that are not essential to your business and can be eliminated or reduced. Common examples include unnecessary travel, excessive entertainment expenses, and unnecessary office supplies. By identifying and eliminating unnecessary cost drivers, you can free up cash that can be used to extend your cash runway.

2. Consider creative ways of cost cutting

To maintain financial stability and profitability, you should consider creative ways to cut costs. Although layoffs may seem like a good option at first, they should be considered as a last resort because they can negatively impact morale and productivity. In addition, layoffs come with associated costs such as severance pay and unemployment benefits, which can be both a financial and administrative nightmare. Instead, it is recommended to start with other cost-cutting measures before considering layoffs. Being creative with these strategies can help you achieve better long-term results.

Here are some of them worth considering:

Optimization: Find ways to do things more efficiently, such as streamlining processes, automating tasks, and using technology to improve productivity. By optimizing operations, businesses can reduce their costs without sacrificing quality or productivity.

Minimize operational costs: Another key strategy for cost cutting is to minimize operations costs. This includes finding ways to reduce expenses such as utilities, rent, and transportation. For example, businesses can negotiate lower rates with suppliers, adopt energy-efficient practices, and use public transportation instead of company vehicles. According to a survey by the National Small Business Association, 29% of small businesses reported that their top cost cutting strategy was reducing energy costs, and 27% said they reduced their travel expenses.

Reduce cost of goods sold (COGS): COGS refers to the direct costs associated with producing and selling products or services. By minimizing COGS, businesses can reduce their expenses and increase their profitability. This can be achieved through a variety of strategies, such as negotiating lower prices with suppliers, reducing waste, and finding more efficient production methods.

Stretch R&D projects timeframe: For businesses that rely on research and development (R&D) to innovate and stay competitive, stretching the timeline of R&D projects can be a cost-effective strategy. By taking more time to develop new products or technologies, businesses can spread out their R&D expenses over a longer period of time, which can help to reduce their overall costs.

3. Strategic Partnerships

Strategic partnerships are an important tool for growing startups. They help you to access new markets, share resources, improve competitiveness, and gain access to a wider network of industry contacts. Partnerships can help you save time and money and accelerate your growth by leveraging the resources and expertise of your partners. They can also help you differentiate yourself from competitors and gain a competitive edge in the market by leveraging the reputation and credibility of your partners. Overall, strategic partnerships can be an important part of your growth strategy and can help you succeed in the market. McKinsey & Company found that successful strategic partnerships can lead to a variety of benefits, including increased market access (cited by 74% of respondents), cost savings (cited by 67%), and access to new technologies (cited by 59%).

Here are three ways that you could:

Communicate with your key partners about how they are handling the downturn: Effective communication is key to the success of any partnership, and it's especially important during times of economic downturn. By staying in touch with your key partners and asking how they are handling the challenges of the current environment, you can better understand their needs and find ways to support each other.

Focus on building stronger relationships: In times of uncertainty, it's important to focus on building stronger relationships with your strategic partners. This means investing time and effort into understanding their business needs and goals, and finding ways to work together more closely. By building stronger relationships, you can create a sense of trust and mutual support that can help your business weather any economic challenges.

Consider new strategic partners to combine efforts for shared results: Another way to grow your tech business through strategic partnerships is to consider new partners who can help you achieve shared results. For example, you might look for partners who can help you access new markets, leverage new technologies, or bring new skills and expertise to your business. By entering into win-win agreements with these partners, you can combine efforts and achieve shared results that benefit both parties.

4. Pivot business model

During times of economic recession, it's important for businesses to be flexible and adaptable in order to survive and thrive. One key strategy for navigating these challenges is to pivot your business model, which involves making changes to the way your business operates in order to better meet the needs of the market.

Here are two key approaches to pivoting your business model and thriving during a recession include:

Adapt the current business model to the changing market needs: A key approach to pivoting your business model and thriving during a recession is to adapt it to the changing needs of the market. This could involve revising your product or service offerings, shifting your focus to new customer segments, or finding new ways to deliver value to your customers. Experts say, 70% of tech startups reported successfully pivoting their business model in response to the COVID-19 pandemic, resulting in increased revenue and market share. By proactively adapting your business model to the changing needs of the market, you can stay relevant and competitive in the face of economic challenges.

Identify new revenue streams: Another way to pivot your business model is to identify new revenue streams. This might involve exploring new business opportunities, such as offering new products or services, entering new markets, or finding new ways to monetize your existing offerings. According to a survey by the U.S. Census Bureau, 47% of small businesses reported introducing new products or services in response to the COVID-19 pandemic. By diversifying your revenue streams, you can reduce your reliance on any one source of income and improve the resilience of your business.

5. Use agencies to outsource business processes

Outsourcing certain business processes to agencies and freelance contractors can be an effective way to improve profitability and increase efficiency. According to a survey by the National Association of Small Business Owners, 41% of small businesses reported outsourcing at least one business function, with the most common functions being marketing, accounting, and human resources.

Here are three key benefits that outsourcing business processes can help a business improve profitability:

Avoid administrative burden: One of the main benefits of outsourcing business processes is that it allows businesses to avoid the administrative burden of managing these functions in-house. By outsourcing tasks such as marketing, accounting, and human resources, businesses can free up time and resources to focus on their core competencies and drive growth.

Work with agencies and freelance contractors: Another key advantage of outsourcing business processes is the ability to work with agencies and freelance contractors who have expertise in specific areas. For example, a marketing agency may have specialized knowledge and experience in social media marketing, while a freelance accountant may have a strong understanding of tax laws. By outsourcing these tasks to experts, businesses can ensure that they are receiving high-quality work and maximizing their profitability.

Attain flexibility to scale up or down as per uncertain market dynamics: In addition to avoiding administrative burden and accessing expertise, outsourcing business processes can also provide businesses with flexibility to scale up or down as needed. This is particularly important in times of economic uncertainty, when market conditions can change rapidly. According to a survey by the National Small Business Association, 52% of small businesses reported being negatively impacted by the COVID-19 pandemic, and 48% said that they had experienced a decline in sales. By outsourcing certain functions, businesses can quickly adjust their operations to meet the needs of the market, which can help to improve profitability.

Conclusion

It is crucial for businesses to take proactive steps to increase their chances of survival during a recession. This can be achieved through a combination of strategies, including extending your cash runway, implementing creative cost cutting measures, forming strategic partnerships, pivoting your business model, and outsourcing certain business processes to agencies. By carefully managing your finances, accessing new markets and resources, and adapting to changing market conditions, you can weather the downturn and position your business for long-term success. Don't let a recession hold you back – take action now and set yourself up for success.

[21by72]

Sustainable Startups in India: Creating a Greener Future

With rising temperatures and climate concerns, sustainable startups in India are pioneering eco-friendly solutions, driving the nation toward a greener future. Supported by government initiatives and consumer demand, these startups are transforming industries from renewable energy to waste management.

[global-market-statistics]

Empowering Businesses with Data-Driven Market Insights for Sustainable Growth

Global Market Statistics is a specialized organization dedicated to delivering expert analysis and precise, data-driven market intelligence, helping businesses of all sizes make informed choices. We design customized solutions for our clients, addressing challenges that may arise and impact their operations. Our primary mission at Global Market Statistics is to equip our clients with detailed, granular market analysis, combined with a comprehensive market perspective to support their entry and success in new markets. Our bespoke reports provide a unique blend of actionable insights and qualitative assessments of the factors shaping the industry, enabling companies to achieve sustainable growth. Our team of seasoned analysts and consultants utilizes proven research methods and tools to compile and deliver in-depth market studies, backed by accurate data. Below are some of the core areas we prioritize when developing your report.

Explore Reports Here :

Golf Training Aids Market : https://www.globalmarketstatistics.com/market-reports/golf-training-aids-market-11431

Grain Silos and Storage System Market: https://www.globalmarketstatistics.com/market-reports/grain-silos-and-storage-system-market-11432

Green Ammonia Manufacturing Market: https://www.globalmarketstatistics.com/market-reports/green-ammonia-manufacturing-market-11433

Contact center as a service Market: https://www.globalmarketstatistics.com/market-reports/contact-center-as-a-service-market-11434

MedTech (Medical Technology) Market: https://www.globalmarketstatistics.com/market-reports/medtech-medical-technology-market-11435

Nanotechnology for Food Packaging Market: https://www.globalmarketstatistics.com/market-reports/nanotechnology-for-food-packaging-market-11436

Porcelain Slabs Market: https://www.globalmarketstatistics.com/market-reports/porcelain-slabs-market-11437

Global Poultry Products Market: https://www.globalmarketstatistics.com/market-reports/global-poultry-products-market-11438

Relational Database Management System Market: https://www.globalmarketstatistics.com/market-reports/relational-database-management-system-market-11439

Concert & Performance Film and TV Show Market: https://www.globalmarketstatistics.com/market-reports/concert-performance-film-and-tv-show-market-11440

[environdly]

Environdly - the green revolution

In Zeiten zunehmender verrohung der Gesellschaft gewinnt es immer mehr an bedeutung sowohl in der Gesellschaft als auch im Business Context gemeinsam für eine bessere Zukunft einzutreten. Zumindest im Business können wir helfen: https://www.environdly.com

[agreads]

FarmDroid secures EUR 10.5m investment to accelerate the expansion of its autonomous, solar-powered agricultural robot in the conventional market

The funding round was led by Convent Capital, with participation from EIFO and Navus Ventures, providing a total of nearly DKK 80 million. The FarmDroid robot can sow, remove weeds, and reduce pesticides usage with a new micro spray system, all while operating continuously in the field, powered by solar energy. Now, FarmDroid is set to expand further globally, targeting both organic and…

[solarpunkbusiness]

The pandemic was a “big pivot” for Bali, says Lauren Blasco of AC Ventures, a Bali-based early-stage technology venture fund. Blasco, who is head of environment, social and governance (ESG) at the venture capital firm, adds that entrepreneurs who would otherwise set up in Singapore or Jakarta chose Bali, plugging into the island’s half-decent wi-fi and well-equipped co-working spaces as remote work graduated from pandemic-time necessity to accepted business practice.

From hard-nosed investors looking to turn a fast buck from Indonesia’s multi-billion dollar sustainable business opportunity to “woo-woo” fly-by-nighters dabbling in alternative healing and spiritual psycho-babble, Bali is home to a colourful concoction of green startups of all different derivations, sizes and shades of credibility.

“It’s a crazy spectrum,” says Christian Oechtering, a German early-stage investor with an interest in sustainability, wellness, hospitality and psychedelics. “One minute you’re talking to a Russian billionaire building an eco-village, the next a former Amsterdam drug dealer turned life coach.”

There are two types of eco-preneurs in Bali: “inspirators” and “aspirators”, says Oechtering. Inspirators are switched-on entrepreneurs looking to make a genuine difference, aspirators are less credible dreamers living in a bubble – and aspirators outnumber inspirators by two to one in Bali, reckons Oechtering.

“You have to be careful who you work with. You don’t want to squander your time here,” he says.

Bali is a natural launchpad for conscious startups because of its unique cultural identity,says Blasco. Rooted in the island’s philosophy is the saying Nangun Sat Kerthi Loka Bali, which roughly translates to respecting nature and culture to make Bali prosperous. In that sense, new enterprises that work on conserving the island’s natural beauty have a head start, says Toshihiro Nakamura, a former United Nations executive who co-founded Kopernik, an Ubud-based research and development lab for startups working on social and environmental problems.

It helps that the government wants to diversify Bali’s economy beyond tourism. Haunted by the lean pandemic years of empty hotels and barren beaches, when Bali’s economy was hit harder than any province in Indonesia, the local authorities have signalled an intention to attract greener industries and reduce the island’s reliance on tourism, which accounts for 60 to 80 per cent of the local economy. 

[farmerstrend]

Kenya’s Leads Africa as a Hub for AgriTech and Food Startups in Africa

Kenya is emerging as a leader in sourcing capital for its agricultural technology and food startups across the African continent. A large portion of capital for African startups still comes from foreign countries, with approximately 60 per cent, coming from international sources, primarily the United States and the United Kingdom. On the continent, however, most investors are concentrated in…

[wholebranding]

Let's face it! Humanity has lost its way in recent decades, but we can refocus by embracing two crucial concepts: unlearning misconceptions and relearning from Mother Nature to gain inspiration and empowerment. 

Unlearning involves shedding outdated ideas, beliefs, and assumptions that are no longer sustainable. We can open ourselves up to new and innovative approaches by letting go of these restrictions. 

In addition to unlearning, we must relearn important life concepts in light of our current reality. I'm looking to Mother Nature as our reference, so we can help us adjust our assumptions accordingly. 

The key to success is to embrace learning, unlearning, and relearning continuously. Each process is interconnected and essential. Those who refuse to unlearn and relearn from Mother Nature are illiterate in this century, not those who struggle to navigate the digital world. 

We at @wholebranding are thrilled to announce that registrations are now open for a lifetime of learning. 

Please be sure to apply today with confidence and without delay.

[thelifestylesaga]

'Tis Business As Usual for eBay, Baby!

Hello y’all!

I thought eBay went out of business a long time ago, but apparently not! 

PR Newswire published a press release by eBay about the company’s expansion of its Circular Fashion Fund (CFF) to the U.S., committing $1.2 million to start-ups by the end of 2025 in a bid to promote sustainability and support small businesses in the fashion industry. 

More and more large corporations are investing in promoting circular economies, where the reuse, repair, and resale of products become a core part of the fashion ecosystem. This fund is primarily “designed to help fashion start-ups scale circular solutions, from production to end-of-life, including rental and repair services.” 

The CFF, launched in the UK in 2022, “has helped 15 businesses scale their circular solutions”, two of which include The Seam, which allows businesses to offer garment care and repair services at scale to extend the life of clothes, and RCYCL, an innovative at-home fashion recycling program for unwearable clothing. 

eBay’s investment marks its understanding of the vital role small businesses play in creating a more resilient fashion ecosystem. Circular fashion, with its focus on reselling, upcycling, and refurbishing, directly benefits small enterprises and promotes sustainability by lowering their dependency on raw materials and reducing overhead costs. 

Start-ups that engage in this model can access new revenue streams by reintroducing products into the market rather than relying solely on the traditional supply chain, which can be costly and unsustainable. A circular economy can foster healthy competition in small businesses, and reduce vulnerability to the fluctuations in raw material prices and other supply chain disruptions.

CFF’s launch in the U.S. notes will help start-ups cater to a growing eco-conscious consumer base to meet their demand for sustainable and circular fashion alternatives. This could potentially translate into increased brand loyalty and market share for these small businesses, with eBay’s backing boosting their credibility and resources to build trust with their consumers.

The B2B economic impact is also evident in how eBay facilitates access to markets for these start-ups. By offering a global platform with a well-established customer base, eBay helps small businesses reach a wider audience, significantly enhancing their growth potential. 

This kind of exposure is invaluable, especially for start-ups that may struggle with visibility in the early stages of their development. eBay’s support also includes non-monetary assistance such as mentorship and guidance, as highlighted in the press release: “the fund will support start-ups with both funding and eBay’s marketplace expertise.”

So while I am surprised that not only is eBay still in business but that it is actually in profit, I do think that the launch of CFF in the U.S. is a strategic move to ensure monetary and environmental benefit for all stakeholders involved. 

What’d you guys think of this? Does anybody still use eBay? Let me know in the comments below.

Until next time, 

Cheers!

http://newhouse.syr.edu

[champstorymedia]

The Future is Green: Sustainability Trends to Impact Businesses in 2024

As we move into 2024, the imperative for businesses to adopt sustainable practices has never been clearer. The Future is Green: Sustainability Trends to Impact Businesses in 2024 encapsulates the need for organizations to rethink their operations, supply chains, and relationships with consumers. Climate change, resource depletion, and social responsibility are not just buzzwords; they are…