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About this event
Circular business models can create more value for your business and a better experience for your customers. The idea is that you keep your products in use for as long as possible, either by giving them a longer life by either ensuring they have multiple users, or by hiring, leasing, and sharing.
SVBS have teamed up with fellow Oxfordshire Greentech members QSA Partners to host this workshop. Together, we’ll explore recent examples and take you through the first steps of implementing circular business models in your own business.
The workshop comes hot on the heels of furniture retail giant IKEA making national news by implementing a circular business model by launching a buy-back and re-sale scheme to reduce the number of products going to landfill. IKEA are offering customers vouchers to spend in-store in return for their unwanted furniture, creating value for the company whilst also reducing waste.
Adidas have also taken advantage of the circular economy by creating a rental service, allowing customers to borrow their products at a fraction of the price of purchasing them.
But circular models aren’t just useful for big businesses! Join us for the webinar to find out how similar models can be used everywhere, from start-ups to growing SMEs.
- Why are circular business models important?
- What is a circular business model? How they work & some examples
- How can my business create a circular business model? The steps and main factors in the process
- Practical exercise in getting started: Identifying new values
EnSpire Oxford is a University of Oxford initiative to help connect people to the entrepreneurship resources they need, and to promote entrepreneurship across Oxfordshire.
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