Little power, big punch
The meteorically rising costs of everyday fuels are certainly of concern to the small business owner. Managing small business energy is where energy service providers are stepping in, to give an accurate picture of the energy consumed and also recommendations to improve energy consumption.
Taking the hit
While these costs are only within the building, a major part of consumption of energy could be through travel. Conventional fuels are required for travel and a simple two way trip to another office location could also put in a dent on the balance sheet. Adopting car pools or other mass transit options could be a way forward. Technology can be a big help here. Getting a webcam to conduct a meeting is possibly the easiest way out.
In most countries, there is a tax credit or some sort of tax saving initiative for those willing to make their offices more green-compliant. Getting a tax credit or securing financial help from the government on going green or producing greener machines can pop the dent in the balance sheet back to normal. For small business owners, fighting small business energy costs along with providing for employee salaries can be a big fight. It’s only natural that they look for all the help they can lay their hands on.
Using modern technology and online analytics could be a step in the right direction for small business owners; so also, the use of renewable sources of energy. A simple solar water heater could save substantial costs in the long run as compared to paying a large amount each month.