4 Easy Ways to Reduce Your Business Bills
Running a business is often a balancing act of juggling the cost of bills alongside maintaining your profits.
However, there are ways you can save on your bills and continue to keep your profits soaring.
Here are four easy ways to achieve that, so you can focus on helping your business thrive.
1. Invest in Renewable Energy
If you’re a business that uses a lot of energy in a sector like food and drink, engineering, or entertainment, you might want to consider buying into the renewable energy market.
A recent study showed that it’s up to 50% cheaper to use renewable energy in business over fossil fuels. If your business needs a large amount of heat, installing a heat pump might be a good idea.
Ground Source Heat Pumps work by extracting heat from the ground, and can be used all year round, and combining it with solar energy makes the entire process eco-friendly and will improve efficiency.
Companies like Geo Green Power can help you transform how you use your energy and reduce your fuel bills simultaneously.
2. Use Effluent Water Treatment
For food and beverage manufacturers, the treatment of wastewater can be a major expense.
The wastewater discharged after production must be deemed unlikely to harm the water in the main sewer system, or cause damage to the environment.
However due to the high levels of suspended solids, FOG (fats, oils, and greases), COD (chemical oxygen demand) and BOD (biological oxygen demand) in wastewater, many food and beverage companies are faced with paying large effluent charges their water treatment.
However, by investing in your own water treatment technology, you can save money but cutting the need to pay external companies to deal with your wastewater.
Companies like Smart Storm can install products like FOG skimmers, water monitoring instrumentation, pH balancing equipment and Industrial effluent treatment plants to reduce your water bill costs as a business.
3. Offer Remote or Hybrid Working
Since the Covid-19 pandemic, remote and hybrid working models have become increasingly popular.
According to the Office of National Statistics, 84% of employees who planned to work from home during the pandemic said that they wanted to continue with a hybrid pattern of working as of February 2022.
Having your employees work from home for at least part of the week will reduce your energy and water consumption dramatically and will also statistically create happier employees.
4. Change Your Lightbulbs
Lightbulbs are one of the biggest eaters of electricity, as they are often on all day, and don’t always get switched off when they should.
Research shows that switching from incandescent bulbs to LEDs can save you up to £13 a year!
You could also investigate installing motion-activated lights too that will turn lights off automatically when there is no one present in a room.
Do you have any tips for reducing your business bills? Leave your answer in the comments below!
You May Also Enjoy
Letting Agency Owners: Are You the Bottleneck in Your Business?
Latest developments in Renters’ Rights Bill: What landlords need to know
What Will Commonhold Mean for Property Managers?
Think You Know Mortgages? These 5 Myths Could Be Costing You Money
Just 17% of homes selling for more than £500k
