Are you in the Green sector? Scenarios
If I am operating in a green sector does my company need to be structured differently?
No. The set up, financing and running of the company will be the same as any other. The same decisions need to be made regarding issues of limited liability, funding sources, regulatory requirements, taxes, etc. If it is a green business there may be other financial supports available through Enterprise Ireland or other green funds that can be explored pre-launch to determine if it meets specific green criteria's. After that the normal best practices in accounting, business operations, marketing and growth strategies will apply. Exports may be more of a viable option going forward if the business is successful as many European markets are green sensitive and new export markets may emerge in the future for your green product or service.
Are there industries where green opportunities are more prominent than others?
There are green opportunities in almost every sector. Creative thinking and innovative technologies are the key drivers of new ways of doing business in a greener way. The headline industries where you will most likely see stories on the news include the energy sector, the food industry, mining industries, car manufacturing and natural resources (water, fisheries, etc). Many entrepreneurs however are seeing opportunities in many other industries from a green perspective and the originators in many cases reap the early rewards for their innovations while other companies attempt to catch up with their inventions. The energy and waste disposal sectors were some of the first to be tapped by green entrepreneurs but now many are looking to other mainstream sectors for their green endeavours (water, car manufacturing, organic, renewables, transport, retail).
Isnt it more expensive to operate green policies than tradition ways of doing business?
That used to be the way things where but times are definitely changing. In many industries it is actually becoming a competitive advance to be a green company not just in terms of financial savings but also from a corporate and differentiation stand points. Many of the worlds leading business figures are now pursing green ventures as they believe that this is the future of business. Leading examples include the Tesla Car (the innovative car design since the Delorean) and Bill Gates has also begun an investment campaign in green companies in recent years. Irish examples of companies leading their fields through green innovations include Mainstream, Green Star, Glen Dimplex, Bord Na Mona, Clearstream and even multinational like Diageo now have significant green interest in their business operations.
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