Can you build a business from values?(Read article summary)
Many companies try to incorporate certain values into how they conduct business, but some businesses base their entire plan on values
Melanie Stetson Freeman / Staff / File
Many entrepreneurs talk about integrating their values into the vision for a new business. But some take it one step further and actually build a business model based on their values.
The founders have implemented environmental practices that include using more eco-friendly fuel in their trucks, recycling and reusing moving materials, operating a virtually paperless business and using recycled materials. "While not all consumers are typically inclined to buy solely off a company's values -- say eco-friendliness -- it is important to make consumers understand the potential impact it could have in their own community," said co-founder and Belmont University MBA student Emmanuel Reed.
"We feel our values will help us grow our business, because it is not just a selling point. We have to walk the talk and have our values drive and inspire the people within our organization."
They also commit to plant two trees after each move they perform for their customers.
As the business expands, they have plans to go even further in pursuit of environmental values. Green Truck Moving is developing rentable, reusable containers made of recycled material to replace traditional moving boxes.
Another example of integrating values and vision is a new business called Mattress Works.
This startup, founded by a group of Belmont students, exists to provide employment opportunities for the homeless and to divert waste from landfills through deconstructing and recycling used mattresses.