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Fierce Forgotten Costs That Can Hit Your Business Hard

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Costs are always going to be a concern for business owners. If company costs are too heavy, the business is certainly going to struggle to compete in a major market. There will always be a competition that can undercut them and then gain the upper hand. Although, since costs are such a big deal you would expect business owners to stay on top of them and that’s not the case at all. In fact, there are many business expenses that company owners forget about completely. They are then surprised to learn that these issues are eating away at their business. So, what type of costs are we talking about here?

Oh Dear, Energy Bills

 

Yes, energy bills are certainly going to be a problem if you don’t keep an eye on them. Think about how much your home costs in energy. It’s probably somewhere around a couple hundred a month and only takes a small percentage of your income. For a business, the situation is a little different. Depending on the size of the company energy costs could be anywhere up to a few thousand and that’ a problem. We’re no longer thinking about chump change here. Instead, we’re looking at bills that could easily cause a nasty knock on the general revenue of the company.

There are solutions to this problem of course. Businesses can look into energy saving options. For instance, you may want to consider the possibility of alternate renewable energy resources. It’s become quite popular for business owners to invest in solar panels for their buildings. With solar panels, you can cut energy costs right down and instead create your own power. Through the hottest months of the year, you might even find that your electric bills drop to zero. Wouldn’t that be something?

You can also look at your energy provider. It’s possible that you’re not getting the best deal available on the market. If that’s the case, you might want to switch to another supplier.

Ah, Maintenance Costs

It’s easy to forget that when you start a business, you are also most likely going to be investing in a building. Unless of course, you’re running your company from home you’re going to need an office. That office is like any other piece of real estate. It needs to be look after and well maintained. But, you can find the costs mount up here particularly if you face problems like storm damage. If that’s the case, you’re going to need to find a commercial roofer who can fix the issue for a fair price.

Stationery?

Finally, this last one is perhaps quite a shock. But it just goes to show that little details matter because stationery is one of the largest costs that business owners completely forget. It can also be a lot more expensive than most people realise too. Particularly, if you are kitting out a full sized business office. The problem here is that because business owners don’t see it as important, they don’t price check. You should because by finding the right supplier, even for stationary, you can save a fortune.

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