Business Management

Raising finance for your business How to increase your profit
How to present a request for finance to your bank Managing for growth
The value of outsourcing Buy, HP, or lease?
Decide what your company stands for Staying on your feet
Cut your utility costs Prevent theft in the workplace
Insuring your business Internal controls help crack fraud
Dealing with employee absence Could your business survive without you?
Don't fall into the credit trap What is your business worth?
Employee share schemes Seven steps to successful business transition
Improving productivity How to balance your bank account
Employers - reduce your wage bill How to balance your sales control account
The national minimum wage How to balance your purchase ledger
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Cut your utility costs

Utilities can account for a sizeable chunk of your firm's costs, but you might find that you can make considerable savings in this area. Here are some cost-cutting ideas:

  • Offer bonuses and other incentives for noteworthy conservation, and circulate copies of your firm's energy bills to remind employees of your commitment to reducing costs in this area
  • Ask employees to turn off and cover up all equipment at the end of every day where appropriate - this not only saves power but also extends the life of your equipment
  • Install time clocks to control heating, air conditioning, and lighting
  • Turn the temperature setting on your thermostats down during the winter and, if you have air conditioning, up during the summer
  • Your offices could be over-lit in areas such as storage rooms, south-facing offices, or the staff room. Remove bulbs or fluorescent tubes to bring lighting down to an appropriate level
  • Encourage employees to turn off fluorescent lights when they leave a room for more than fifteen minutes, and incandescent lights if they leave for three minutes or more
  • Reduce bulb wattage wherever possible
  • Replace standard fluorescent and incandescent lights with high-efficiency fluorescent light, which gives the same light output for roughly a third to half the energy
  • Install 5-minute shut-off switches in stock rooms or other little-used areas.
  • Appoint a specialist to review your utility bills in case you are overlooking something.


Business: 
Personal:  Introduction to the Tax System | Planning Aspects | Home Aspects
Pensions | Aspects of Investments and Investing | VCT & EIS
Tax:  Budget Report | Tax Guide | Financial Planning Guide
Tax Calendar | IR35 | PAYE & NI | VAT | Year End Tax Planning





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