5 ways small businesses can save money 

At Clear Business, we know that every penny counts for small businesses. To run a successful business, you must keep an eye on your money and see where you are spending too much. It also shows you if you are using services that are not necessary. These costs can hurt your profits. 

From our experience with small businesses like yours, we have put together five ways to help you save money: 

1. Turn off all electrical equipment at the end of the day 

It may seem obvious, but turning off lights and devices at the end of each workday can save you a lot of money. Leaving office lights on overnight wastes enough energy in a year to heat a home for five months. 

To save energy, turn on 'sleep mode' in your computer settings. Even a ten-minute delay before the screen turns off can make a big difference in energy use.  

Sleep mode uses only a few watts. In contrast, screensavers use nearly the same energy as your computer monitor when it is on. 

2. Shop around for your gas and electricity  

Switching energy suppliers is one of the main ways to save money on household bills, and the same applies to business premises.  

Many small businesses have had to spend less money in the last 18 months. Checking your utility bills can help you save some of that money.  

If your business has never compared or switched before, the likelihood is that you’ll be on a more expensive energy tariff. 

If you need help with switching your energy and utilities, then get in touch here.

3. Be more eco-friendly 

Taking steps to make your business greener can also benefit you financially. For example, turn off the office lights during the day. Use natural light instead. This will lower your energy bills and help the planet. 

Moreover, natural lighting not only saves money but also boosts office productivity. Natural light can improve your mood. This means that it can help both your feelings and the workplace atmosphere.  

4. Use social media to your advantage 

Social media continues to be the fastest-growing form of communication in the business world. If you want to save money, hiring an outside marketing agency may seem unnecessary. Instead, use any free tools you can find.  

About 44% of people use social media to look up businesses and products. They are more likely to buy from companies with a strong social media presence. 

5. Stop overpaying for your card payments 

Just like your gas and electricity bill, you might not be getting the best deal with your card terminals.  

Clear Business is passionate about cutting the costs of card payments and providing support for small and medium businesses. Our team provides fast payments and flexible agreements. This allows you to take advantage of card services. We also offer free legal assistance and cash advances for your business. 

Learn more about how Clear Business can save money on your card payments. 

Let’s be clear 

Investing time researching ways money can be saved is one of the most worthwhile investments a small business can make. Often, it is the most obvious initiatives and behaviours that can yield the most compelling results. However, people can also neglect these initiatives and behaviours.  

Clear Business is committed to helping small businesses like yours keep as much of the money they earn in their bank accounts as possible. Talk to a team member today. They can help you save money. You can learn more here.