Make Circular Economy Actions for All profitable

Desired outcome

Circular Economy Actions for All:
"Circular for All" online platform:
The "Online Platform" for exchanging, buying, selling and donating used items, "Circular for all" (www.circularforall.org) is a single online platform designed with a mission to connect people who wish to exchange, sell, buy, donate or repair used items in an easy, safe and sustainable way and as a means where one can find small businesses that provide repair/repair services.
Lending Library of Things:
The first "Library of Things" in Cyprus was created and is run voluntarily by KyklOIKOdromio at 16-18 Liasidou Street within the walls of Nicosia (www.circularlibraryforall.org). The "Library of Things" is a collection of objects where a member of the local community can borrow objects that are used occasionally such as tools, gardening or hobby equipment, musical instruments etc. All items from the library collection are picked up and returned to the library during library hours. This is a concept that encourages sharing and sustainability by providing access to a wide range of items that people may only need occasionally. The concept aims to reduce consumption, promote collaborative consumption and build a sense of community. It is based on the principle of "lending rather than buying" and helps to reduce environmental impact.

Initial Problem Description

The challenge lies in effectively promoting these actions to ensure they translate into a profitable business venture. Despite the potential profitability of these initiatives, garnering widespread attention and buy-in from stakeholders presents a significant hurdle. Additionally, navigating regulatory frameworks, securing adequate funding, and overcoming market competition further complicate the process of turning these actions into a sustainable and lucrative business opportunity

Context

The context of the problem revolves around promoting circular economy actions to stakeholders and the public. This includes raising awareness about the importance of adopting circular practices to minimize waste, conserve resources, and promote sustainability. The aim is to educate stakeholders and the public about the benefits of embracing circular economy principles and encourage their active participation in implementing circular solutions. This context encompasses various sectors such as business, government, academia, and civil society, highlighting the need for collective action to address environmental challenges and create a more sustainable future.

Connection to cross-cutting areas

The challenge is connected with circular economy actions. Our current challenge is intricately linked to the concept of Circularity. We are striving to enhance our processes and strategies to ensure that resources are utilized in a circular manner, promoting sustainability and minimizing waste. By embracing the principles of Circularity, we aim to transform society into a more efficient and environmentally friendly model.

Input

Unfortunately, we don't have any pre-existing scenarios or established trends readily available to provide to students at this time. We have done some competition analysis but we need strong business plan with marketing tools and how to make the actions visible. Regrettably, we currently do not possess any pre-existing scenarios or established trends to provide to students at this time.

Expectations

Regarding the evolution of the solution, I anticipate that it will progress towards greater efficiency, sustainability, and effectiveness. Additionally, I expect the team to demonstrate strong collaboration, proactive problem-solving, effective communication, and a commitment to continuous improvement. Apart from delivering the solution, I also expect the team to provide regular updates, seek feedback, and actively engage in knowledge-sharing to foster a culture of learning and development within the team.

Desired Team Profile

Business Strategist/Analyst: Someone with experience in business strategy and analysis who can help identify market opportunities, assess competitors, and develop a comprehensive business plan.

Marketing Specialist: An expert in marketing who can devise strategies to promote your business, create compelling messaging, and engage with target audiences effectively.

Communication Manager: A skilled communicator who can develop a communication plan, craft engaging content for various channels (such as social media, press releases, and website), and manage public relations efforts.

Financial Analyst: A financial expert who can help with financial planning, budgeting, and forecasting, as well as assessing the financial viability of your business plan.

Sustainability Expert: Someone knowledgeable about sustainability practices and circular economy principles who can integrate these concepts into your business plan and communication strategy.

Graphic Designer/Content Creator: A creative professional who can design visually appealing materials, such as infographics, presentations, and marketing collateral, to support your communication efforts.

Additional Information

Background Information: Offer an overview of the circular economy concept, including its principles, benefits, and relevance to sustainability.

Assignment Objectives: Clearly outline the objectives of the assignment, such as developing a business plan that incorporates circular economy principles, identifying market opportunities, or promoting sustainable practices.

Scope and Expectations: Define the scope of the assignment and clarify what is expected from the teams in terms of deliverables, timelines, and presentation format.

Resources: Provide teams with access to relevant resources, such as articles, reports, case studies, or online databases, to help them conduct research and gather information for their assignment.

Guidelines and Criteria: Specify the evaluation criteria that will be used to assess the assignments, including factors such as creativity, feasibility, sustainability, and adherence to circular economy principles.

Support and Assistance: Offer support and guidance to teams throughout the assignment process, such as hosting workshops, providing mentorship, or offering office hours for questions and clarifications.

Collaboration Opportunities: Encourage collaboration and knowledge-sharing among teams by facilitating discussions, organizing group activities, or creating online forums where teams can exchange ideas and feedback.

Related Keywords

• Sustainability
• Social and Economics concerns
• Information and media, society