4 Cost Effective Ways Your Small Business Can Become Part of a Circular Economy

Small businesses find it a challenge to be cost-effective in many necessary purchases and day to day financial activities. Trying to make responsible economic decisions may seem daunting when trying to participate in a circular economy.

But why? Let’s evaluate ways to participate that SAVE you money, or better yet, cost you nothing at all.

  1. Purchase used equipment: There are perfectly good used computers, printers, and other items on the market. You don’t need the newest or the one that has been untouched. Be careful with used purchases, but prepare to save money and be responsible.
  2. Recycle and reuse – the simplest way to participate in this economy, and it doesn’t cost a thing, is to put out recycling bins and refrain from sending everything directly to the landfill. But don’t just recycle – turn the paper over and use both sides, and find other ways to reuse items before they get tossed to the recycling bin.
  3. Purchase locally. These days we go online so items are delivered to our door, and bonus if we pay a little less and can shop from our desk. But if you buy locally, you help the local economy and a neighbor. You reduce shipping waste and can get the item immediately. And you might not have to drive there anyway – call, they may bring it to you.
  4. Fix broken items instead of tossing them and replacing them. This is cheaper over time as long as you’re observant and careful – when repairs are constant, it’s time to look (locally) for a responsible and used replacement. Less waste for the landfill and another local economy boost! If you have to purchase new items, make sure to recycle your old ones.

There are plenty of ways to get involved in the circular economy that are cost-effective. Honestly, once you adjust to it, you’ll wonder why you ever found it to be cost-prohibitive. It’s much more simply a change in perspective that requires your attention. You’ll find yourself saving money and immersed in the economy after a transition in the way of thinking.