No one can predict how bad the economy will be, however, the recession can be a great opportunity for entrepreneurs who know how to take advantage of it, change their mindset quickly and plan ahead.
We are in a stage of challenge. When this happens, we either swim or sink. It is a great opportunity for innovative entrepreneurs who want to create a sustainable production and consumption model. Now they can implement a circular economy system, which in addition to reducing expenses will contribute to the environment.
Normally, we operate in a linear economy, where we buy something, use it and throw it away, generating lots of trash. On the other hand, the circular economy is a system that regenerates itself, where we reuse the parts of our product to eliminate waste. This has a positive impact on the economy and finances of companies, and reduces damage to the environment.
Some benefits of implementing a circular economy system are: