Innovative ways for your business to find savings

The following is a list of innovative ways your business can find savings:

1. Occupancy sensors. If no one is using certain areas in your facility, why are you paying to light, heat or cool those spaces? Occupancy sensors make lighting more sustainable by not constantly illuminating sporadically occupied areas – such as breakrooms, restrooms, loading docks, seldom-used passageways and storage areas.
2. Telecommuting. If you don’t need staff on hand, allowing employees to telecommute could help reduce costs. Getting the same production with less overhead gives a big boost to your business’s bottom line.
3. Bartering. When cash isn’t an option, consider bartering with your product, service or expertise. You may be able to avoid the exchange of cash entirely. In the US, barter transactions have grown to $16 billion in value annually. If you can provide something useful for another business, start by offering that in exchange for something you need.
4. Leaner meetings. Forty-seven percent of workers say their biggest waste of time at work is attending too many meetings. Create a culture of fewer meetings that are run more efficiently. Ensure meetings are productive by only inviting essential employees and be prepared with a set agenda to help achieve actionable outcomes.
5. Sustainability. Converting your lighting to LEDs can save you money and visually improve your space. Check out SDG&E’s current list of instant lighting rebates.