15/04/2011
Small and medium-sized enterprises (SMEs) should monitor their energy bills in order to identify possible savings.
That's according to a spokesperson for uSwitch, James Constant, who claimed that SMEs could find potential funds for investment if they shopped around for a good energy deal.
Speaking to Managers.org.uk, Constant confirmed that: "Cutting them back can free up money to invest in growth."
"However, checking they are on the best deal isn't always a priority, and business owners often don't have time to look into it."
It seems this is another ideal solution for businesses looking to free up funds to reinvest back into their businesses; joining the ranks of options such as invoice discounting - which allows companies to receive money tied up in invoices via a third-party financial specialist.
By exploring these highly effective and easy-to-facilitate options, small business owners could re-invest in their companies in whichever way they wanted; be it in recruitment, expansion or premises or adding a new product/services to their line.
This view was confirmed by fellow experts on Small Business Review, who argued that although small business owners were highly knowledgeable in their own areas, they probably don't know an awful lot about "kilowatt hours or therms."
However the site spoke of the benefits SMEs could reap by taking an interest, claiming: "Small businesses that invest strategically can cut utility costs 10-30 per cent without sacrificing service, quality, style or comfort."
Deborah Bates