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Will Your Small Business Be Energetic About Saving Money?

Finance

Will Your Small Business Be Energetic About Saving Money? image ABEL 300x89For those individuals who have ever dreamed of starting their own small business, much time and effort in doing the right way prove necessary.

Many people have heard the facts about small business, especially how a large number of them fail not long after getting up and running. According to the U.S. Small Business Administration (SBA), more than 50% of small businesses fail in the first five years.

With that being said, planning things out correctly ahead of time are of utmost importance. From what it will cost to hire employees (when applicable) to paying for office expenses, small business owners need to sit down and estimate what each aspect of their new company will cost them.

While many up and coming small business owners likely have their ducks in a row, there is one aspect of opening an office that they do not always plan out. That item would be what their utility costs will run them, specifically what it will cost to keep an office comfortably heated and cooled during the year.

It sounds simple enough, but too many owners don’t think about the potential savings that is out there for them when it comes to office utilities, specifically heating and cooling a building that they hope to call home for the foreseeable future. Depending on the square footage of an office, it can be rather inexpensive or quite costly to properly heat and cool the building, especially during peak times of the year.

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If you find yourself about to open a small business office in the New Year or you are looking to be more energy-efficient in your current locale, include some of these tips:

1. Thermostats do not lie – The easiest and most efficient way to save on your office energy bill is by checking the thermostat on a daily basis. With all that you have going on in the workplace during the day, it is easy to leave when the work day is over with the air blasting or the heater running full steam. While you and your employees are gone overnight, you are essentially wasting money. Also, if the office sits empty over the weekend, be sure to turn back/turn up (depending on season) the thermostat when leaving at the end of the day Friday, meaning you spend less money on utilities over the weekend.

2. Take advantage of the weather – If your office space has a number of sizable windows, make sure you take advantage of the weather to let light in and out. In the warmer months, keep the blinds or other coverings closed during the warmest part of the day to lessen the need for air conditioning. In the cooler months, keep the light coming in as much as possible during the day to decrease the need for heat, letting the sun warm your office space;

3. Review heating and cooling systems – One of the big money grabbers when it comes to your heating and cooling needs is having air conditioners and heaters that are inefficient. Prior to the start of winter, check the office heater to make sure it is running at full efficiency, along with it being clear of debris and dirt in any vent areas. The same holds true before the start of summer with your office air conditioning. If the appliance is only operating at half capacity, you are losing money by the hour;

4. Involve your employees- Lastly, your employees can and should be your biggest supporters when it comes to saving on office utilities. Remember, the more you save on your heating and cooling needs, the more you have to potentially provide to them, and grow your advertising and marketing budget to go after more business. Have an annual utility review with your office staff to see where you are and are not saving money, share new ideas, and congratulate those who are doing their part to save your business money.

Saving money on office utilities does not have to leave you and your staff all hot under the collar or with a chilly disposition.

Photo credit: Sokanu.com

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