Skip to main content

Posts

Showing posts with the label energy costs

Don’t let hidden energy costs affect your cash flow

  It is easy to forget about the cost of a business's energy consumption when you’re kept busy managing the day-to-day tasks of running the business. But with the growing rate of electricity prices, it is vital for business owners to pay closer attention to their energy costs to prevent losing money. The cost of energy is rarely included in a business’s budget, even though electricity, water and gas can all be costly business utilities. And when owners simply pay the bills instead of regularly reviewing energy costs, it can be quite a surprise when working out how all these things can add up. However, there are many simple and efficient energy saving tips that every business can implement to achieve better results in the long term. Below are five ideas to get you thinking: Switch to LED lighting, or use lighting controls like dimmers and timers to help cut costs and become more energy efficient. Establish energy practices within the business so staff can become more energy efficien