- July 25, 2017
- Posted by: admin
- Category: Business plans
Environmentally friendly internal policies and practices can greatly benefit business of all types, and technology businesses are in a particularly excellent position to take advantage of the most important benefits.
These benefits can impact practical aspects of a tech business in addition to providing a PR angle and an attractive unique selling point for investors. A licensed business broker-salesperson in Las Vegas can also have an easier time positioning a “green” tech business for a sale should the owner want to exit. Combined, the advantages of using sustainable practices can permeate a business to enhance its operations and profitability from nearly every standpoint.
To help explain further why adding environmentally friendly initiatives can improve your company and provide concrete returns, consider the following important points below.
Green Initiatives Can Pay Dividends
Between tax incentives and a reduced reliance on legacy systems, going green makes great financial sense for tech businesses. Consider that small businesses spend around $60 billion a year on energy costs, and you can see why implementing energy-reducing equipment and policies can help your business cut costs.
For instance, using equipment like servers with lower power consumption can put money back in the budget month after month, adding to revenues and recouping any extra costs of procurement. Systems like scheduled lights for rooms and programmable thermostats can likewise cut out wasteful habits without inconveniencing workers. Similarly, moving to a paperless office can improve document flow, cut down on file storage costs and generally introduce conveniences that make it difficult to imagine life before the switch.
Looking at more broad efforts, efforts like installing rooftop solar panels can be done more cheaply than ever now, helping businesses greatly reduce their reliance upon outside energy providers. Some businesses even absorb enough power to sell it back to the grid, creating a small but beneficial energy stream.
Overall, going the extra step to be green can pay off in savings that accrue over the months and years.
Sustainable Companies Are More Attractive
When it comes to consumers, sustainability is one of the chief talking points for comparing one company to another. Research shows that 93 percent of the global population will have a more positive image of a company that can demonstrate sustainability practices, and 80 percent would talk to friends and family about a company that took efforts to become more environmentally friendly.
This appeal extends beyond consumers to talent, investors and potential business buyers, too. Companies seeking to attract top talent or venture capital investments can count on a higher level of interest if they include environmental policies among their talking points.
Businesses that are able to tout sustainable programs can also be acquired more eagerly. Since the majority of consumers expect companies to move towards greater sustainability, companies with practices already in place can stand out compared to “fixer upper” companies that have practices with negative environmental impacts that must be addressed after a purchase.
Working With a Licensed Broker-Salesperson in Las Vegas to Acquire More Sustainable Companies
Sometimes the best approach to improving your operations’ sustainability is to purchase a business with pre-established environmental clout. Whether acquired as an arm of your existing operations or purchased as a stand-alone operation with growth potential, buying an environmentally responsible technology business can be a wise choice as regulatory and cultural values continue to shift noticeably in that direction.
Explore your own options for purchasing a sustainable tech business by working with a licensed business broker in Las Vegas who can locate the best opportunities for you to go green by way of others’ successful efforts. If you are interested in entering the market for a sustainable tech business, you can contact us today to get the process started.