Opinion  

Small businesses also have to manage the living cost crisis

Peter Done

You might think there is no harm in leaving computers on standby. But did you know that doing that, as opposed to closing them down overnight, can cost an office of 16 employees as much as £1,742 a year. We have 1,000 employees in our head office – so imagine how much money that saves?

Ensuring a robust maintenance programme for all your machinery will ensure they continue to run at their best and as efficiently as possible, as well as saving you money on unwanted repair bills.

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And while it might make a dent in your pocket initially, making some small investments will save you money in the long-term. For example, switching to automated lighting systems and LED bulbs, which can save up to 90 per cent on your lighting bill, and investing in new, more energy-efficient equipment.

During the cold winter months, do not waste your money heating empty rooms or buildings. Only heat the areas of your office that require it.

Fixing insulation material is key to keeping your building warm while minimising the heating bill, and ensure your heating, ventilation, and air conditioning set-points are properly controlled to ensure your staff’s comfort, without wasting energy.

Businesses can save considerable cost by becoming more aware of energy usage and evaluating all energy costs wherever possible. 

However we cannot pretend there is not going to be a major impact as energy costs rise along with general inflationary increases. This is going to be difficult for all business owners and employees. 

One last word. We’ve been there before and in my experience, well-run businesses come through difficult periods even stronger than before. 

Peter Done is managing director of Peninsula