Green and profitable: The Three R's of Green Business

As the economic situation continues to remain grim for businesses across the country and around the world, some companies are abandoning so-called green practices in an effort to save money.

What most of those businesses don;t realize is that truly green practices are are cost effective. A few require a long term perspective, but many offer short term savings as well.

This post is the first in a series of green business tips designed to transform your green business goals into more green in your pocket. Watch for a new idea or perspective on profitable green business every Monday.


The mantras of green is "Reuse, Reduce, Recycle"

It's a familiar phrase. We've all heard it. But are we getting it?

Many individuals and businesses only focus on the last part of that equation. And while recycling is a critical part of the green lifestyle, it's number three on the list

So what about one and two? Guess what? These are GREEN business practices that will save you money from day one!!

Think about it...

REDUCE

Switch from paper based project folders or memos to digital. You save paper, the cost of folders, toner, trash collection costs, and probably boost productivity time if you have documents that previously had to be re-keyed for edits or needed to be filed.

REUSE

Think of second uses for things. Or choose things that can be reused. The backs of used printer paper become notepads. Purchase second hand office furniture -- much of it is like-new. Replace disposable coffee cups with one real mug for everyone. Donate safe, non-toxic scrap materials to a local school's art program -- you may get a tax deduction! Shred incoming boxes to use as packing material for outgoing shipments.

Look around your business. See what can be reduced, without hurting morale or productivity. See what can be reused without affecting quality or safety. Solict input from employees to increase their buy-in and commitment.

Remember, recycling is number three. Save YOUR green first, with Numbers 1 and 2!

New weekly feature - the best of green

Each week, we'll feature the best green news story from the previous week. Join us to stay on top of what hot in the world of "going green" each Friday.

This week's story comes from Canadian journalist and blogger Tyler Hamilton. According to Hamilton,

A British Columbia-based company called Free Energy International has signed a deal with an undisclosed oil and gas exploration and production company in Alberta, in an area known as Swan Hills. Free Energy will build two 1-megawatt geothermal plants that take hot water — a co-product of oil and natural gas during the pumping process — and extract the heat from it to generate electricity. The $7 million project will tap wells that are around 9,000 feet deep, and temperatures of the fluids can easily reach 170 degrees F in high volumes. After the heat is extracted from the water using heat exchangers, it is used to run an Organic Rankine Cycle (ORC) power plant. The water is later pumped back into the ground. Free Energy will build, own and operate this binary cycle plant and the oil company has agreed to buy all the electricity produced for the same rate it was paying to a previous supplier.

Read the rest of the story on his green energy blog, Clean Break.