Sustainable entrepreneurship is a hot topic in every sector but in the hospitality and food industry, it's a concept that has been readily adopted. This is because the hospitality sector has the unique opportunity to contribute to sustainability. Changes to your hospitality business can significantly impact waste production, waste management, energy and water consumption and your social responsibility efforts. Want a greener reputation? The chefs at La Lorraine Bakery Group explain how to transition to a more sustainable business.
Why should your hospitality and food business commit to sustainable entrepreneurship?
Committing to sustainable entrepreneurship not only benefits the environment — there are numerous benefits for your business as well. Examples include cost savings, an improved reputation, a better food cost percentage, a competitive advantage and increased employee satisfaction. Let's explore these factors in greater detail:
Cost savings: sustainable entrepreneurship leads to considerable cost savings. Energy efficient appliances, reducing waste and saving water can reduce your operational costs and your food cost percentage.
Reputation and customer loyalty: consumers increasingly place value on sustainability and environmentally friendliness. Businesses that make a clear commitment to sustainable entrepreneurship build a better reputation and attract more customers who consciously choose sustainable options. This leads to increased customer loyalty, as consumers are motivated to return to businesses that share their values.
Competitive advantage: sustainable entrepreneurship is a differentiating factor in a competitive market. If you position your business as sustainable, you can distinguish yourself from your competitors and gain a strong USP. In addition, consumers are often prepared to pay higher prices for sustainable options, which is great for your food cost percentage.
Employee satisfaction: sustainable entrepreneurship includes treating your employees well, which translates to a fair salary, attractive working hours, fringe benefits etc. In short, by giving your employees what they deserve, they'll enjoy working at your business and you'll retain them for longer.
Now you understand the benefits sustainable entrepreneurship can offer your business, you might be wondering how you can make this transition. We have a few tips for you.




