The best place to start a business savings review is energy costs. Recent reports show over 60% of UK businesses are overpaying for business utilities. It has been identified that it is the responsibility of business owners to conduct their own energy savings review. Previously this has been a time-consuming process. However, a number of high profile entrants to the energy savings market have simplified the process while providing the vital support that business owners require.
Utility companies do not encourage users to save money. It is their responsibility to sell energy and generate profit. If a small business uses the same business model. They can quickly identify it is their responsibility to negotiate the best deal possible and generate the highest possible savings. With UK businesses losing over £4,000 each year, through overpaying on utilities. It is clear that a financial black hole exists. This raises the question, what can a small business owner do?
The first step is to consider what you would do in your own home. Over the past decade, over 70% of homeowners have employed the use of a utility switch provider to identify cheaper suppliers and more cost-effective tariffs. In most cases, homeowners have used a cost comparison website where they have been able to quickly and efficiently identify the savings available to them. The question currently being asked by CompareYourBusinessCosts.com Is why don’t business owners do the same thing?