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Beat Down Energy Bills to Boost your Business

As an owner of a small to medium enterprise you’ll already be aware that maintaining a steady cash flow is essential for your business.  One of your major expenses is probably energy – the regular bills that you pay several times a year for utilities such as electricity, water and/or gas.  While you’ll need to make sure that you have the energy you need to run your business, cutting your energy bills could go a long way towards reducing your overheads and maximising your profits.  This will drive your business sustainability and deliver some useful cost savings that could make all the difference between your business getting into debt and going bankrupt or thriving successfully in this uncertain economic climate.  Today we’re going to take a look at some ways in which small business owners and entrepreneurs can reduce consumption and save money on energy.

  • The first step is to get your employees (if you have them) on board.  Let them know that you’re determined to reduce energy costs and that their help will be needed in order to do this.  There are several measures employees (and you) can take to save on costs:
  • Check that all computers and other office machines are shut down at the end of each working day.  Leaving everything on standby is an expensive option and you may be surprised at just how effective turning everything off can be when it comes to reducing your electricity bills.
  • Close all office/workshop doors to maintain a steady temperature throughout the building.
  • Get into the habit of switching off the lighting in rooms that are not in use – it’s a total waste of electricity that you are paying for.
  • Use energy saving lightbulbs – either replace all the bulbs at once or replace them as they wear out one at a time.  The initial outlay may seem expensive, but this is a great way of saving energy in the long term and reducing your electricity bills.
  • If there’s a dripping tap, get it fixed.  A tap that’s dripping is not only annoying, it’s costly too.  Did you know that a leaking tap can waste over 5,000 litres of water in a year – getting it fixed will save you up to £20 per annum?
  • Choose energy efficient equipment and machinery whenever possible – this will not only save you money on your energy bills, it will also lower your business’s carbon footprint.
  • If your business owns any vehicles, make sure that they are energy efficient.  The more miles you get to the gallon of fuel, the lower your travel/transport overheads will be.

Not only will these energy saving measures reduce your overall running costs, they will also serve to make your business more eco-friendly, cleaner and greener.  So many consumers nowadays have jumped on the eco-friendly bandwagon that businesses need to ensure that they offer customers and clients the opportunity to buy from eco-friendly suppliers.  This means that you could even end up growing your business by becoming the eco-friendly choice within your sector.