The utility expenses related to your business can be surprisingly high. Electricity, natural gas, telephone and Internet are some of the essential operating expenses for your business.
You cannot avoid them completely, but there are plenty of ways to cut down these business utility costs. And, when you do that, you do not just save money but also save energy and help the planet.
4 Ways To Save On Your Business Utility Expenses
Do Not Fall Prey To Introductory Rate Offers
The various utility companies in the market often try to woo more customers by making lucrative offers, such as, heavy discounted rates for a limited period. Though such offers look highly tempting, you are advised to read the fine prints thoroughly before you go for that.
The general practice is that the companies raise the rates very high once the introductory period is over. Therefore, you must find out in the very beginning how the rates are going to change in future.
Research Various Business Utility Service Providers
It is never wise to stick to the same utility service provider forever, especially when other companies are offering you a much better deal. You are advised to take some time and do your research thoroughly to find out if you qualify for cheaper rates.
Visit the websites of various companies for complete details about the deals they are offering. Give them phone calls to resolve any queries. You must always read the terms and conditions thoroughly. Switch to a new service provider only if you are sure that there are no hidden catches.
Though this entire process may take some time, but once you find a better deal and switch to the same, you can save a significant amount of money on your business utility expenses.
Cut Down The Unnecessary Use Of Lights And Computers
Computers consume a staggering amount of energy. Therefore, you must switch them off when they are not in use. At least, do not forget to turn off the monitors. Likewise, you can save a good amount of money on your business utility expenses by switching to CFL bulbs instead of using the general light bulbs or tubes.
Besides that, you can also consider installing motion censors on your lighting, especially on those particular areas in your workplace that rarely have any traffic and are relatively deserted. Allowing the lights to burn constantly in those areas is an unnecessary expense, which you can easily eliminate by installing the lights on motion censors.
This way, the lights will automatically be turned on when someone uses those areas. Though these tips individually may not make a big difference, but collectively, they can reduce your business utility costs quite significantly.
Use An Automated System For Bill Payments
Most of the utility services offer you a fixed last date for payments every month. Not paying your bills in time incurs late fines. If you pay your monthly bills manually, you may forget to make the payments in time.
Therefore, you are advised to set an automated debit system on your checking bank account, as per which, all your bills will be paid automatically on the respective scheduled dates. This way, you can make the process smooth and hassle-free and also avoid unnecessary late fines.
The above strategies obviously require some time and effort on your part, but once implemented, it can definitely cut down your business utility expenses to a significantly very low amount.