How Can Entrepreneurs Implement Circular Economy Principles?
There are several ways entrepreneurs can integrate circular economy principles into their business models:
Design for Longevity: Create products that are durable, repairable, and upgradable to extend their lifecycle. Resource Efficiency: Use materials and energy more efficiently to reduce waste and costs. Product-as-a-Service: Shift from selling products to offering them as services, such as leasing or sharing models. Recycling and Upcycling: Develop processes to recycle materials or upcycle waste into new products.