business energy reducing costs for growth and profitability

4

Upload: business-switch-online

Post on 30-Mar-2016

225 views

Category:

Documents


5 download

DESCRIPTION

One of the most costly commodity in the market is energy. It is a necessity because no business can stand still without electricity. When your electricity bill is consuming much of your expenses, you must find an alternative solution to lower your bill.

TRANSCRIPT

Page 1: Business energy reducing costs for growth and profitability
Page 2: Business energy reducing costs for growth and profitability

Businesses should operate efficiently. You must find a way to maximize your outputs out of minimum inputs. It can make you earn a competitive advantage because you are producing more out of less. One of the most costly commodity in the market is energy. It is a necessity because no business can stand still without electricity. When your electricity bill is consuming much of your expenses, you must find an alternative solution to lower your bill.

Most of us, whether in the private and public sector or business and consumers end aim to gain energy efficiency. That's why, a lot of alternative energy sources are developed to increase energy supply in a stiff demand curve. However, energy prices don't go low, it keeps on increasing day by day. Hence, reduction of energy consumption is the basic step towards reaching energy efficiency. How can you achieve it?

Page 3: Business energy reducing costs for growth and profitability

Reducing Consumption

If you use less, you will pay less. Energy reductions starts with everyone. So, you must keep every member of the organization to conserve energy. Start it by turning off the lights and devices when it is not in use, limiting the charging of personal devices as well as modifying heating, air conditioning and ventilation system of the company. You can also adjust the temperature in your office, especially during winter to save energy. Controlling energy consumption can dramatically decrease your energy bill over time.

Invest on Cost Effective Facilities/Renovations

You know about LED lighting system, automated machineries and devices and other investments that could lessen your energy consumption. Some companies are generating electricity out of solar panels to reduce the cost of their electricity. You can also renovate your office space to make it lighter and brighter and you won't need too much light from the bulbs. A cost effective investment will make you incur costs now, but it will save you more in the long run.

There are three perspectives you should look into:

Page 4: Business energy reducing costs for growth and profitability

Compare Your Business Energy Rates

Energy prices change from time to time. You must be updated of these changes and ensure that you are paying the lowest tariff possible. You must keep in touch with business energy comparison sites because they can provide alternative options for you to save more money. With them, you don't have to call each supplier and get quotes from them. You can get the information that you need and find a cost effective energy supplier that can meet your demands or requirements in an instant. You will also be given sound recommendations how you can save more energy.

Saving energy means more money in the pocket- a competitive advantage that can make your company grow further. However, it will need the effort and determination on your part. You have to review your consumption data, take a look at your operation and watch over your employees. You must also compare your consumption and the rate you are paying for to what is available in the marketplace. It means you need to look internally and externally to make sure that you are having an energy efficient operation. Energy conservation is not a one man army, it must be done by everyone in your business.