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Saving Money for SMEs this Winter

Posted: November 20, 2015 at 6:00 am   /   by   /   comments (0)

Businesses should be aware of their expenses and be looking for ways to reduce costs and save money. This is especially true for small and medium sized businesses, who very much need to be aware of how their money is being spent and if there are any more saving opportunities to be taken advantage of.

During the winter months, saving money becomes more of a challenge, especially for businesses that have to keep things running. These extra costs, if not handled carefully, can quickly escalate out of control and lead to losses that a smaller business could do without. However, a few savvy changes can transform your business into a cost-effective and efficient operation.

How can SMEs save cash in winter? The first thing to do is to get your heating system serviced to ensure that it’s running to the best of its ability. Boilers and heaters have to work harder during winter and are left on longer due to the change in weather, so there’s an increase in risk of it breaking down.

By getting your machine serviced ensures that it’s running at maximum capacity, meaning that it’s running efficiently and ultimately more cost-effective. If your boiler isn’t working properly, then you run the risk of wasting energy and running up extra costs. When it comes to actually heating the office, you don’t have to plummet your work space into icy depths. Just turn the heating down by a few degrees to save money; it really is as simple as that.

There are other changes around the office that you can make so your business saves even more money. In fact, it’s small changes that often has the largest impact. For instance, during the winter months the nights draw in, meaning that most of us head to work in the dark and come home in the dark as well, so many places of business have to keep the lights running throughout most hours. If this is the case for your business, then switching incandescent light bulbs to fluorescent, eco-friendly bulbs is a great idea. On average, bulbs like this use around 75% less electricity and last for much longer, providing your office space with consistent lighting at half the cost to your electric bill.

Give it a try and see how much your business can save this winter. You might be surprised by the results. If you have any business money-saving tips of your own, feel free to share them with us!

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