It’s no secret that the economy has taken a rough turn for a lot of people, individuals and businesses alike. For some businesses, finding ways to cut costs has become less about pursuing profits and more about survival. Have you considered looking at reducing your energy expenses?
Use Efficient Appliances
The specific appliances that any business uses will vary, though odds are you have at least a refrigerator and microwave, even if just in a break room. You almost certainly have an HVAC unit of some sort. While that may be all of it for some businesses, others have a lot more, like those in the food industry. Choosing energy efficient appliances means that you’ll be using less energy and getting the most out of what you are using. All that translates to paying for less.
Install Solar Panels
So whether or not this one works for your business will likely depend on where you’re located. If you run your business out of your home, you can probably have solar panels installed without too much trouble. If you’re renting space for your business, you’ll probably need to have a chat with your landlord about it first. Still, it’s a talk worth having. Solar panels can provide reliable energy even in poor weather conditions. They allow you to have your own energy source, which can result in significant energy savings over time.
Get an Energy Audit
It’s tough to fix a problem if you don’t know that it exists in the first place. If you’re not sure where to start when it comes to reducing your energy expenses, the first thing to do is to get an energy audit. An energy audit is done by an electric company that comes in and evaluates what your energy use is like and where you can improve. Some electric companies offer this service for free, which is just one more reason to have one done. Just give your local utility company a call.
Reducing your energy expenses probably isn’t going to be the sole solution to your cash flow problems. Still, every little bit can help. As an added benefit, a lot of the steps you could take to reduce your energy expenses are also steps that help make your business more energy efficient. Given the push towards going green, that’s likely to do good things for your business down the road in more ways than just reducing an expense.
The more you can do with less, the better. Framework 4 Freedom can help you create the optimal efficient business plan.