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Saving your business money and helping the environment

Saving your business money and helping the environment

The Department for the Environment, Food and Rural Affairs (DEFRA) released a report that states that businesses in the UK could save over £6 billion by putting some easy money saving steps in place.

By managing resources efficiently small businesses could reportedly save themselves over £100,000 per year as well as help to bring down the levels of greenhouse gas emissions.

It’s also worth remembering that during a time of recession small businesses could use £100,000 in a much more useful way such as investing in sales, marketing and product development than throwing it away on utility bills.

Let’s take a brief look at how putting just a few simple steps in place can help optimise your company’s efficiency and save you money:

1. When not being used all office equipment should be switched-off. This includes overnight, weekends, bank holidays. Switching-off just one computer and monitor could save you up to £35.00 per year.

2. Switching off lights in empty rooms and using energy efficient light bulbs could save your company up to 15%.

3. Constantly dripping taps could cost your business a further £400.00 a year. So ensuring you turn taps off fully or spending a little to get a tap fixed could save you a lot of money.

4. Partnering with other businesses to recycle waste or selling it to be used as raw materials could save you 4% of your annual turnover with waste management techniques such as this.

5. Your company could save 8% on your company’s heating bill by simply turning down the thermostat by a single degree!

6. Save up to a month’s worth of fuel over a year with smarter driving techniques such as reducing load and good vehicle maintenance.

7. Invest in efficient equipment to help cut your energy, transport and water costs. It is also worth bearing in mind that the government are running an interest-free energy efficient loans through the Carbon Trust.

8. Refill inkjet cartridges instead of buying new ones. Refilling old cartridges in printers, fax machines and photocopiers is a fraction of the cost of buying them brand new. In addition to this use email where possible and if you do need to print out documents try setting your computer to print double-sided to reduce the amount of paper used.

9. Publicise your company’s commitment to reducing your environmental impact as more than a third of customers will usually favour recyclable products or those with minimal packaging.

10. Some suppliers offer “take-back” schemes for unused products. You may be able to get some money back for them.

Useful links:

Making your small business more energy efficient

Zero percent interest loans for energy efficient equipment

Carbon Trust

DEFRA


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Photo by Danilo Rizzuti

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Discussion

6 thoughts on “Saving your business money and helping the environment

  1. Thanks for the tips. but unfortunately as a one man business, when the money gets short for the customers it can be quite a belt tightening exercise for the small business. It is not always easy to weathre these storms

    Posted by Andrew Walker | November 28, 2009, 12:01 am
  2. This has been a very interesting read, would love to read more on this. Thanks for sharing.

    Posted by Brian Clark | June 17, 2010, 9:10 am
  3. Nice blog! Save money any way you can in business. I found a really good
    source for refilling my printer cartridges. It’s convenient and inexpensive.
    Check it out, here.

    Posted by Click2ink.com | July 11, 2010, 4:49 pm
  4. Thanks for the helpful money saving tips. I’ve implemented some of these already and seen a difference—they really help! I also found some great tips on http://www.sftoyota.org.

    Posted by Aaron T | August 5, 2010, 4:44 pm

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