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Eco-snobbery

Usually I ponder on opportunities for entrepreneurial business people arising from providing solutions to problems arising from environmental challenges. Just good business, responding to emerging market demand. But today I'm thinking of those whose main motivation is to save the planet and who may be dealing with a market that isn't quite ready for their message yet.

One day last week an article on the back page of The Age caught my attention. The writer wandered into an organic foodstore and was entranced by the produce on offer, but daunted by the price. She felt the staff member was judging her as someone not worthy of being in the shop if not prepared (or able) to pay the prices. She called it eco-snobbery. Now it may have been entirely her imagination, but the potential for this problem is real.

Nobody likes being preached to even if they agree with the sermon. Customers investigating environmental products are looking for a solution to a problem. Part of that problem is their impact on the environment, which they'd like to reduce. But they still want a solution that is effective, convenient and affordable. So it's fair enough that they want to know how much it will cost them. It's been my observation that some providers of environmentally friendly products find this question in some way insulting. "What's the payback on a four-wheel-drive?" one seller of solar hot water systems asked me some years ago. I don't know. I haven't got one and I don't want one. But I do want to know how much your system is going to cost me. Is that such a difficult question?

For the record, I've investigated solar hot water off and on over the years and it took me five attempts just to get a quote. That's five separate providers, three of which actually came to my home and only one of them would name a price. And when they did, it was enough to make me reconsider (I decided that it wasn't the best use of $5,000+ of environmental spend and later opted for solar panels). All of which could have been avoided with a few questions and a ballpark calculation.

I've visited organic food markets where the fruit and veggies were old and tired and the vendors more interested in talking to each other than serving potential customers. [I've also seen some where the produce glowed with goodness and the vendors were friendly and attentive] Just like any other business, eco-businesses need to be sensitive to customers needs (and wants - not always the same thing!)

The point is that customers don't have to share your passion for the environment to be good customers. They might think like you and that's great. You can have a good chat while you make the sale. But when you're running a business, your first question should be what do they need and can you help them get it? If you limit your market to people who think and act like you, you'll limit your business. And if the purpose of your business is to help save the planet, then limiting it is the last thing you want to do.

Post by srushworth on 06/09/2009 12:20PM 2 comment(s)
Entrepreneurship and the environment

Entrepreneurship and the environment - do they go together? The more I learn about each, the more I'm convinced they are actually a very natural fit. SmartGreen is about combining business smarts with environmental sustainability. Some people approach it from the entrepreneurial opportunity angle; others from saving the planet. But increasingly, I'm seeing examples of entrepreneurs who naturally put those two aspects together. Jim Poss, founded the Seahorse Power Company, with a mission to "reduce fossil fuel consumption through innovative cost-saving approaches to inefficient, everyday problems." Their lead product, the "Big Belly", is a solar-powered trash compactor, reducing the number of trash collection trips required and offering compaction to off-grid locations, such as ski resorts. Jim studied entrepreneurship so he knew how to run a good business and he has no hesitation in describing himself as an entrepreneur. His company is for-profit. But he regards himself as a social entrepreneur, because the company has a mission that is about improving society through environmental sustainability.

Recently I went to a networking event to listen to Monique Conheady, founder of Flexicar, which allows you to rent a car for as little as an hour at a time. Monique always intended to start her own business, but she looked for opportunities that were environmentally sustainable. Her aspiration is to be a 'serial ecopreneur'.

Not only is entrepreneurship and environmental sustainability a good fit, it's probably the only combination that's going to have significant impact. Entrepreneurial businesses drive change and environmental sustainability is going to mean a LOT of changes. I look forward to seeing a lot of entrepreneurial businesses profit from that combination!



Edited 2 time(s). Last edit at 05/18/2009 03:12PM by Moderator.

Post by Moderator on 05/18/2009 02:34PM 0 comment(s)