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How to create a circular business model?Source products and materials from the economy, not from ecological reserves.Create value for customers by adding value to existing products and materials.Create valuable inputs for businesses beyond your customer.

Circular business models empower both consumers and businesses to be more environmentally responsible. These models reduce waste by helping customers to re-use, re-fill, share, donate or repurpose and recycle old materials into new ones.

Save your business, customers, and suppliers money. Capture more value from your materials and resources. Develop new markets and gain new customers. Build loyalty with your customer base.

The circular economy is a model of production and consumption, which involves sharing, leasing, reusing, repairing, refurbishing and recycling existing materials and products as long as possible.

In a circular economy, manufacturers design products to be reusable. For example, electrical devices are designed in such a way that they are easier to repair. Products and raw materials are also reused as much as possible. For example, by recycling plastic into pellets for making new plastic products.

What Is the Circular Flow Model? The circular flow model demonstrates how money moves through society. Money flows from producers to workers as wages and flows back to producers as payment for products. In short, an economy is an endless circular flow of money.

A circular business model articulates the logic of how an organisation creates, offers, and delivers value to its broader range of stakeholders while minimising ecological and social costs.