Tips on Saving Money
Recycling is the buzz word in green business management. To save on costs in a business, switch to products that can be recycled. Even if you are not concerned about the state of your immediate environment, using recyclable products will get you much better returns when you opt to resell them when compared to non-recyclable items.
You can save more than 60 percent on energy costs by using Energy Star Certified appliances. CFL (Compact Fluorescent Light) bulbs reduce your energy needs by a further one-third of what you spend using conventional bulbs.
Switch off equipment that is not in use and you save energy to the tune of 25 percent. If you switch off a computer for the entire day, you save 50 percent more. To save a significant amount on energy expenses each month, manage your employees. Place a ban on overtime while making project deadlines stricter with penalties in case of delays. This also makes your employees utilize the office time efficiently with less time on unscheduled breaks and personal work on office computers.
Use emails for almost all conversations. When you get an e-mail message, decide if it really needs to be printed. Prints should be allowed only when required absolutely. This will not only save your expenses on paper but also saves trees, helping the environment.
Use a fax-modem to reduce costs of thermal paper. A fax-modem enables you to send documents from computers - without having to print a copy. You again save on paper and printing costs. Wherever possible, print on both sides of the page. For economic printing, employ laser printers against inkjets. Inkjet printers are notorious for their heavy consumption of chemical liquids when compared to other types of printers. Draft mode printing further saves on printing costs.
Look for green services and green products locally. The closer they are to you geographically, the better sense it makes in green terms to associate with them. An example of savings is the fuel required to commute to the distance.
Does your office need new furniture? Decide only after taking a good look at your present furniture. Again opt for recyclable furniture that is more durable, offers your employees a sense of satisfaction, and gives you considerable returns upon resale.
Cut down on travels to meet your clients. Host a teleconference or a webinar. You save traveling costs, hotel bills, and other sundry expenses. There are several options on the Internet for webinars that enable you to organize a conference that can be attended by a maximum of 150 people for several hours, often free of cost.
If you want to send out your company newsletter or reports, tie up with newsletter companies. Some examples of such companies are Constant Contact and AWeber. While you save on paper, printing, and distributing, you also reach a wider audience using the Internet.
Marketing campaigns can be converted into PDF files and saved as DVD kits. This saves you printing and shipping costs.
If you need to print business cards, check out firms like PrintingForLess.com for getting the work done for less money using recycled paper and other kinds of base materials.
Allow your staff to telecommute. Not only do you save on rentals but also on carbon dioxide emissions. You also save on other factors including parking costs, etc. Setting up a home office is also tax deductible, further reducing your business expenses.
As explained in the first page, look around at your office and the different processes therein. You will find one way or another to further reduce costs by implementing green business management.