Small businesses spend $60 billion annually on energy. The top ten costs range from simple items like light bulbs to tech-related necessities like computers and office equipment.
Most small businesses occupy less than 50,000 square feet, but their energy use is roughly 44 percent of all commercial consumption, according to this source. Even tiny steps can save you big money -- short- and long-term.
Retailers, restaurants, and schools are starting to re-open. Businesses are safely welcoming workers back to their offices. We all need to balance cautious optimism with sound business and cash flow planning to ensure we can weather the COVID-19 pandemic and its financial implications. As You Get Back to Business, Take Smart Steps.
Your Business After COVID-19 Can Be Greener and Healthier
Sustainability has been a top priority for companies in many industries -- retail, restaurants, automobile dealers, stadiums and event venues, and even municipal buildings like schools and prisons.
A business hack is, according to one small business advisor, an “unconventional and creative way to make things happen.”
Managing cash flow is more important than ever before.
Regardless of the type of business you run, you likely look at your expenses regularly to ensure your business investments are paying back. Now, more than ever, companies are looking for significant business savings; ways to economize and free-up dollars for the most critical expenses.
SMBs (small and mid-sized businesses) and industries worldwide are dealing with the realities of the COVID-19 pandemic. It has had a huge impact on consumer behavior and spending, workplace operations, and the economy.
As more businesses upgrade to LED lighting and look for more ways to convert to sustainable energy sources, there are many energy efficient companies leading the way. These energy efficient companies have created initiatives to reduce and offset their carbon emissions, harness sustainable energy sources and empower their customers to do the same.
Energy costs are often the largest variable in a small business’s budget. While making a simple swap, like switching to LED lighting, is a quick fix to reduce energy costs, company culture is also a large factor in saving energy. If you’re wondering how to motivate employees to save energy along with you, here are some simple steps to take to begin taking control of your energy costs, together.
Businesses in the U.S. spend more than $60 billion a year on energy costs. Lighting typically accounts for 8% or more of these business’s annual energy expenses. That’s more than $4 billion in energy costs just to keep the lights on. The good news is there are some fast ways to save with LED lighting.
Adopting sustainable energy solutions is an important way businesses are cutting costs during uncertain times. Many of these sustainable energy solutions are extremely easy for businesses to implement, like making the switch to commercial-grade LED lighting. In fact, so many businesses are switching to sustainable solutions, renewable energy sources are actually outpacing coal consumption. Businesses that make the switch to sustainable energy are reducing their costs, decreasing their environmental impact, and creating a safer environment for their employees.