How can we help a small business increase profitability?
We specialise in providing elegant business energy solutions for both small and large businesses, tailoring contracts to their needs and securing a cheaper rate for them. We compare business electricity prices as well as business gas prices from all the major UK providers, helping our clients to consistently achieve the cheapest tariff for their requirements.
As well as our business energy solutions, we help with reducing business costs relating to communications. We can review the business telecoms system, recommend cheaper systems or technologies and compare business telecoms offers from major suppliers.
Our involvement doesn’t end there, as with our ongoing account management we will keep an eye on the business’s bills to see how the usage is changing and to ensure you are always being billed correctly. When the time comes to compare business energy costs again, we will do this, to make sure businesses are always on the best tariff for their needs.
Top ideas for cutting costs in business
In any size of business, these are tough times. With an unstable economy and increasing cost of living, many owners are looking for ways of reducing costs in their business. Here are some top ideas for cutting costs in business that you may be able to benefit from.
In our experience, customers save anything up to 60 per cent on the cost of their telecoms by reviewing both the hardware they are using as well as the contract they are on. Solutions such as VoIP and other virtual phone systems can offer incredible cost savings for smaller businesses, so talk to us today to find out what solution we would recommend for you.
2. Compare business energy prices on a regular basis
Many businesses fail to compare business electricity prices regularly, which can leave them in the trap of the ‘rollover contract’. This is where your current supplier only gives you a small window of opportunity to switch away from them, and if you fail to do so you are suddenly tied into them for another year or two.
Rollover contracts are typically not designed with your business in mind, and could result in you paying up to 30 per cent more for your business gas prices and electricity contract. Working with Bright Spark Utilities will ensure you are always on the cheapest contract for your needs, helping you with reducing costs in a business.
3. Consider using freelancers
Full time employees are expensive, and if you aren’t sure if you’ve got enough work to keep them all busy, they could be sitting idle, costing your business money. Consider hiring contractors through freelance websites or agencies, as you’ll only pay for the time they’ve been working.
4. Connect with other businesses in your industry to bulk buy
If you are a small business, buying your supplies in small quantities can be expensive. Network and connect with other like minded businesses through social and business networks, and see if you can pool resources to get a better deal on supplies for everyone.
5. Review your office space
The cost of your business premises is probably one of your biggest expenses, if not the biggest. Review whether you actually need so much space, and whether you can explore other options such as virtual offices, homeworking or renting in collaboration with another company to reduce your overheads.
6. Work with your employees to cut costs
If you are still perplexed by the question, “how can a small business increase profit”, look to your next biggest resource of ideas: the people who work for the business themselves. Your employees have probably noticed places where your company is wasting money, and are best placed to identify and also action these issues to start saving your small business money. If they know you need to cut costs to keep them employed, they will be super motivated to find cost saving actions and to maintain an efficient, low cost office environment.
Bright Spark Utilities are full of useful office energy saving tips and other advice on how you can start cutting costs in business, so contact us today and see what we can do for your company.