Savings For Your Business

By Jerry Dyess, jr.

The late Milton Friedman was one of the greatest economic minds in history. It was Friedman who coined the term a business? number one priority is to earn a profit. Most people understand this. After all, a business that is not profitable will not be operational for long. However, most people look at profits from a narrow perspective. That is, they see profits exclusively in the form of revenues. This, however, is not completely the case. Profits are how much you have earned over your expenditures. That means a business can increase its profits by reducing its expenditures. And, without a doubt, the biggest expenditure drain a business often deals with is energy costs. That is why it is critical to cut back on energy costs if you wish you business to remain profitable. Thankfully, there are a number of easy ways to do this.

Don't overuse wattage in your light bulbs. Many lights utilize bulbs are far higher in wattage than needed. Purchasing smaller watt bulbs or even LED light bulbs would cut energy costs dramatically. Now, some may say LED lights are expensive. While they do cost more than traditional bulbs, they last a LOT longer and require less electricity. As such, they eventually pay for themselves.

Using timers for appliances which use a lot of energy can also save your business a lot of money on energy. Many businesses simply leave electrically powered items on over the weekend, resulting in a lot of wasted resources (not to mention money). Putting these items on a timer which will automatically shut them off will save a great deal of money in a relatively short amount of time. Timers are inexpensive and easily installed as well, so there is really no reason not to use them in your office.

Simply installing proper insulation in your building will also greatly reduce your energy expense ? it can be quite expensive to heat or cool your office, so insulation will prevent this heat (or cold air in the warmer months) from escaping. Insulation is also not terribly expensive and will pay for itself many times over.

You may also want to consider having an energy audit done. You can engage the service of professionals who specialize in inspecting buildings with an eye towards more efficient use of energy. You?ll have to fix the issues which an audit uncovers, but there is an incredible amount of money to be saved through implementing what are usually simple and inexpensive solutions.

In addition to saving a great deal of money for your business, there is an ancillary benefit as well. Namely, your business will be contributing greatly to the environment. By taking part in energy conservation, our natural resources will not be depleted at an accelerated rate. This connects to Milton Friedman?s assertion that the greatest social justice a company can perform is earning a profit. In this particular instance, boosting profits by cutting energy expenditures creates the ancillary effect of a cleaner environment. Any company that contributes to such a cause truly is deserved of acclaim. Why not let your business be among these companies?

About the Author:

Author: J. Dyess has been in the Texas Electricity business segment for the past 7 years and published many articles on Texas Electric news.

You like it? Share it!