It isn’t easy running your own business. There are so many factors to consider, and depending on your industry, compliance guidelines to follow. And that is just scratching the surface of running an SMB.
One thing you shouldn’t constantly be battling with is your utility bills, especially high ones. Cutting your utility bill costs is a good way to provide a little bit of financial security that is much needed for SMBs in times like these.
So, without further ado, here are some tips for all you SMB owners out there to save on your utility bills.
Start With Getting A Smart Metre
Even if you are an SMB that doesn’t use that much electricity, getting a smart metre can help you manage how much electricity you do use. For SMBs that rely on electricity for their trading, such as online businesses, or the tech industry as examples, then this is a must.
Smart metres are effective at tracking electricity usage, and good for identifying appliances or workstations that have been left on. This is the least they can do. No more watching your utility bill drain your capital.
Smart metres are also good at indicating early signs of problems with electricity supplies and act as a way to cross-reference your usage with your bills.
Take Control Of Your Heating
This is another big one that can cause you to unintentionally burn through your cash. Your heating systems may not be within your control, but if they are, then setting up a schedule for heating the office appropriately can save you money in the long run.
Set up your boiler, or whatever heating system you are using, to turn on periodically rather than stay on all the time. You can also make use of smart technology to hook your heating system up to your phone, and ensure the heating stays off overnight – again, saving you money.
Things like Google Nest are ideal for this level of control.
Assess Water Usage
A big red flag of your building having, say, a leaky pipe is your water utility bill not accurately matching up with your monthly usage. Installing a water metre can help you assess this and stay on top of it.
Companies like Castle Water can also perform an audit of your property to assess for any leaks that may be causing your SMB money. Switching to them will also ensure that you can get the best deal on the market for your situation – while you focus on the day to day of running your business.
In Conclusion
Taking control over your utility bills is a crucial step every SMB owner should take to ensure they are getting the best deals out there for their situation.
It can provide you with spare capital that would otherwise be wasted, which can then be reinvested back into your business where you need it most.