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Cutting Costs for Business

CUTTING COSTS FOR BUSINESS

The UK's 4.8 million Small to Medium Enterprises (SMEs)are throwing money away by failing to review their outgoings often enough.

More than half of SMEs go at least 6 months without reviewing costs

14% never review their spending at all

TOP FIVE BUSINESS EXPENSES*

Excludes staffing costs

MATERIALS AND SUPPLIES RENT AND RATES VEHICLE FUEL IT TECH SUPPORT SOFTWARE UTILITIES

Nearly a fifth of those questioned said these combined costs made mor than 50% of their businesses' total annual expenditure

BUSINESS COST CUTTING IDEAS

BE ENERGY SMART

��

�1 in every �2 spent on electricity by businesses could be wasted

Some businesses could save �1,200 on their annual bill just by switching off car park lights at the weekend

Nearly 50% of business electricity use happens outside of the traditional business hours of 8am-6pm

Switch providers.

Almost a third of UK firms have had their energy contracts rolled over, meaning they could be paying up to 61% too much for gas and electricity charges.

BE WATER SMART

Audit your water usage.

Recent statistics show that 75% of all commercial water charges are wrong

BE TRAVEL SMART

16% Companies which had deals with preferred hotel companies were able to achieve average discounts of 16 per cent

Cutting Costs for Business

shared by vlexo on Aug 14, 2013 in Business

Cutting Costs for Business

shared by vlexo on Aug 14, 2013 in Business

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A visual look into what businesses can do to save money. The infographic gives 5 top tips for small and medium businesses to save money -- simply by reviewing to their outgoings and spotting exactly ...
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