5 Easy Ways Your Small Business Can Save Money

As any entrepreneur knows, Benjamin Franklin was right when he said that “a penny saved is a penny earned.” And with the right energy-efficiency strategies, your small business can save hundreds—or even thousands—on utilities this winter. That’s no small change.

As any entrepreneur knows, Benjamin Franklin was right when he said that “a penny saved is a penny earned.” And with the right energy-efficiency strategies, your small business can save hundreds—or even thousands—on utilities this winter. That’s no small change.

Here are five quick fixes:

  1. Change your light bulbs. If you haven’t already, look into one of the exceedingly energy-efficient alternatives to old-school “bulbs.” Compact fluorescent lamps (CFLs) use about one-fourth the energy and lasts ten times longer than a comparable traditional incandescent bulb; and light emitting diodes (LEDs)(check out one of our videos about LED lights) use only 20 to 25 percent of the energy and last up to 25 times longer than the traditional incandescent bulbs they replace.
  2. Install motion sensors. Your mother always told you to turn off the lights when you leave a room, but somehow it’s easy to forget. Rather than constantly reminding employees, make it easy on them and install motion sensors in indoor and outdoor areas. Outdoors motion sensors provide an extra layer of security around the perimeter of your building without requiring you to leave lights on all night. And indoors, they are ideal for places that are infrequently used, such as rest rooms or store rooms.
  3. Turn down the heat. Office temperatures typically make you feel like you live in “Opposite World”—freezing in the summer when you’re dressing light and boiling in the winter when you break out your turtlenecks. You want your office to be a respite from the elements, but there’s no need to go overboard. Set your thermostat right around 68 degrees for a comfortable, not tropical, temperature and leave it there—or better yet, invest in a programmable one. Don’t let all those new holiday sweaters go to waste!
  4. Invest in a dishwasher. That unsightly jumble of lunch dishes and coffee cups could be costing you money! In addition to being a conduit for germs during the cold and flu season, hand washing dishes actually wastes both water – up to 5,000 gallons compared to an ENERGY STAR dishwasher – and uses twice as much energy, both the kind you pay for and the kind you expend. Your utility bill – and your employees – will thank you.
  5. Defang the vampire. Also known as “phantom load,” “vampire energy” is the electricity that PCs, chargers and office machines use when they are plugged in even when they are off. The easiest way to avoid having electricity (and money!) leak all night is to plug machines into a power strip that you turn off every evening.

All small business owners know that wasting energy on the wrong goals is a recipe for disaster—wasting energy on your utility bill is too, but these quick fixes can help! Simply making these small, inexpensive changes will make it so your small business can save money this year.

 

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