From February 8 to 13, students in the UK will host a 'Go Green Week', taking action to save the environment.
Your SME may benefit from some of the ideas that the initiative stands for, as becoming more environmentally friendly could promote growth within your company. Encouraging people to practice tasks in a more economical way regarding the environment is easy, and invoice finance can give you a head start.
Australia's emissions on the rise
According to the Climate Council, emissions in the country increased by 0.8 per cent in 2015 compared with the previous year. As people are more concerned with the direction that greenhouse gas emissions are taking, becoming a 'green' business could see you flourish.
Moving towards being an eco-friendly organisation could cost money at first, but in the long run it might end up being a very wise choice.
Providing the incentive to travel on public transport with a subsidy, for example, might use money but it could also foster loyalty among employees. Down the track, that could prove beneficial with employee retention and the ability to expand because demand for employment in your company would be high.
Currently in Australia, there are approximately 72.5 million trips taken on public transport in major cities every day, according to the Department of Infrastructure and Regional Development.
Providing the incentive to travel on public transport with a subsidy can help to foster loyalty among employees
That number could rise if businesses began to offer subsidised public transport to get to the workplace.
Taking cars off the roads could also be done with the use of video conferencing for meetings. Instead of driving or even using public transport to attend a meeting in person, taking advantage of the digital age and having a video call from the office means that people don't have to travel for all of their appointments. A free-to-use program such as Skype can make video conferences a breeze, and upgrades can be purchased for even better access.
Where will the money come from?
If your business relies on other companies paying their invoices for working capital, then look no further than invoice finance.
Transferring collection responsibility to a third party such as Cashflow Finance while they provide you with a cash injection matching a percentage of the value of your unpaid invoices means that you don't have to wait for the money your organisation has earned to become available.
If you want to take steps to ensure the health of the Earth doesn't continue to decline, and be a potential industry leader in that area, talk to Cashflow Finance today and ask how the team can help.