Cost Benefit Analysis of Green Business |

As awareness about preservation of environment continues to grow, companies are looking to become more environment friendly. Green business practices not only protects environment, but also help firms to improve their productivity and efficiency. Let’s see the various aspects – benefits, cost and cost-benefit analysis – of such business practices.

Advantages of Green Business Ideas

Cost saving

Companies incorporating eco-friendly methods can cut their costs manifold in the form of lower energy bills. Through simple steps like shutting off computers and lights when not in use, small businesses can curtail their bills.

Healthy workplace

According to several reports, employees of firms that conduct eco-friendly business are less vulnerable to sickness. This enhances output of workers and improves profitability of the organization.

Propels consumer demand

Today consumers prefer more green products and services. Environmentally conscious buyers check labels of products to make sure that recycled materials are used in the entire packaging. Because of this growing awareness, market share of eco-friendly products have grown rapidly in the last few years.

Tax benefits

Administration in many countries offers tax incentives for business entities going green. Such incentives improve operational costs of firms and help them better use their resources.

Cost of eco-friendly ideas

Business owners feel that cost associated with green ideas is expensive. However, the fear is completely unwarranted. In fact, the entire process is quite inexpensive. Companies can start from small steps such as replacing incandescent bulbs with compact fluorescent lamps. Though the latter is a bit expensive, but they last 10 times longer and consume 70% less energy than ordinary bulbs.

Firms providing water bottles to employees can replace them with water filter. Plastic water bottles made from polyethylene terephthalate is an environment hazard. Replacing them with water filters is a one-time investment that will reap benefits in the future.

Reducing business travels also reduces carbon footprints. Travelling in multiple countries and states is not only expensive, but also degrades the environment. In some cases, travelling is necessary, but companies can cut such travels by holding video conferences and meetings via Internet.

Cost-benefit analysis of green practices

Business practices are judged on cost benefit analysis. Eco-friendly ideas offer many benefits to owners. It strengthens employee loyalty, increases productivity and curtails unnecessary costs. The human resource department is one of the biggest beneficiaries of such initiatives.

Reducing carbon footprints is not just good for environment, but also smart business. Companies lapping up green business opportunities not only increase its consumer base, but also enhance their brand name in the market. Businesses investing in green ventures improve their earnings down the line. Organizations ignoring the climatic changes will incur huge costs down the road.

How VoIP Improves Business On The Road |

The office phone system is a powerful tool for communications. However most businesses don’t really consider which system can best improve performance for their organizations. Small businesses phone systems are often critical for operations, keeping customers, partners and suppliers connected to the business. In addition, many small businesses need to be lean and mobile, providing continuous service regardless of where headquarters are based. A phone system which allows telecommuters, business travelers, and remote offices to stay connected to HQ is a key asset which can enhance productivity and boost the bottom line.

How does VoIP work?

Voice over Internet Protocol converts speech into data packets that are deliverable to an IP address. Small businesses that support telecommuters and traveling workers like VoIP because it allows workers to access into the company’s main phone system remotely, including auto attendant, voice mail, and four-digit dialing. This is possible from any location with broadband Internet.

Think of the concept of instant messaging. Despite your location, when you log on to your IP phone, your number is mapped to your IP address by a central IP server. After registering your IP address, you can make and receive calls just as you would send and accept instant messages. The IP telephony server can be run in-house or with an IP-PBX. Or, it can be hosted by an outsourced provider that manages and maintains all equipment, providing upgrades, maintenance, and continuous system support. Small businesses that lack the in-house staff, expertise, and resources necessary for operating such a complex system prefer it. Those businesses that outsource their phone systems enable internal resources to concentrate on more important business matters – including conducting and generating business.

Remote and Traveling Workers Reap Benefits

VoIP’s major selling point: the ability to work remotely. Many small business owners, particularly those hoping to attract and retain employees who value flexible working conditions, are attracted to this solution. The small Manhattan-based law firm Kahn, Gordon, Timko, and Rodrigues saw this capability’s value first hand when an assistant asked to relocate after working with the firm for over twenty years. Nicolas Timko, Managing Partner, recognized her skills as invaluable and wasn’t prepared to let her go. A hosted VoIP system with support for remote usage allowed the assistant to work from her new home. “Her caller ID even displays our main number, so callers have no idea she’s not in our New York office.”

Most businesses rely on online interfaces and email access to enterprise systems already. Small businesses should be achieving the same functionality. Still the majority do not consider integrating home offices, traveling employees and satellite office workers into the company’s main phone system. VoIP enables users to connect over any broadband connection, with personalized productivity features such as call routing. Users can also take advantage of a Webportal solution, which puts phone system features in an easy-to-use, intuitive portal. These technologies enable users to make and receive calls and check voicemail through software, check voicemail through a Web browser, and advanced features such as click-to-dial and Webportal.

VoIP, a compelling alternative to cell phones, gives business travelers the same access, interface and usability on the road as they do in the office. VoIP also surpasses mobile phone service in reliability and quality, while avoiding expensive roaming charges, meanwhile enjoying 99.99 percent uptime and availability.

Perhaps the greatest business benefit is cost savings from VoIP phone systems. NYC investment advisory firm Prince Street Capital Management experienced drastic savings after the switch to VoIP. “With ten employees traveling all over the world, our monthly cell phone bills averaged over five-thousand dollars per month,” said Peter McKown, company VP. Costs were reduced to about one-third as much.

VoIP phone systems provide flexibility, business-enabling features, and cost savings which are not possible with traditional phone systems. This technology has the potential to make small businesses appear just as reliable, accessible, and service-oriented as their larger enterprise counterparts, allowing workers to stay productive from anywhere, anytime.