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Reduce Your Energy Costs and Increase Your Profits!

A guest post by Terry Cattle ...

 
 

POSTED BY ROGER EDDOWES ON 19/03/2018 @ 8:00AM

Business owners understand that if you reduce your energy costs you'll see increased profits, but how often do they prioritise the task of negotiating with, or finding alternative suppliers?

If you want to reduce your energy costs, Terry from BCR Associates can help!

If you want to reduce your energy costs, Terry from BCR Associates can help!

copyright: nonwarit / 123rf stock photo

This week, we have a guest post from Terry Cattle of BCR Associates who are experts in saving businesses money with their own suppliers, so take it away Terry ...

"Commercial insurance, energy procurement, telecoms, waste contracts and business supplies!"

Do businesses negotiate the best pricing from suppliers? We know that the answer is not as often as they should. It's effortless to work with the same suppliers over a number of years and simply accept their price increases, but it's fair to say there are no thanks for your loyalty.

Switching suppliers or tendering purchasing requirements from time to time can have real benefits. It's not just about the supplier charges as new technology can reduce cost too.

"Energy supply and telecoms are a necessity for all businesses!"

Both these utilities have benefitted from improved technology which can help drive down cost. For example, smart meters are being installed to monitor energy consumption more closely, and cloud-based telephony increases flexibility and reduces cost.

New Government legislation is making an already complicated energy market increasingly more complex. For example, taxes now make up 52% of a business's energy bill, to pay for upgraded infrastructure and more sustainable energy projects.

These taxes are planned to increase to 70% over the next 5 years and therefore it's essential for companies to understand the nature and impact of these costs when renewing energy contracts.

I had an interesting conversation on the phone with a potential client today. One of our Lloyds Bank contacts had introduced me to the owner of a successful pub chain thinking that our cost management services would be of benefit to him.

The Owner hadn't used a business like ours before and quizzed me about the way we worked and how we added value. He said "I hate dealing with big corporate suppliers for utilities, they leave me on the phone for hours and don't understand your business, and they put you in long contracts with ridiculous termination dates ... they're a nightmare!"

I have a lot of sympathy with his comments. When I told him that we would take away his pain and manage the process of finding the best and most appropriate suppliers on his behalf, he was interested to meet up.

Roger and the team at Essendon Accounts & Tax are passionate about helping business become more profitable through sound accounting advice and tax efficiency.

We wholeheartedly recommend that cost management should also be a part of the business planning process to maximise returns.

"Would you like to know more?"

Terry is an expert in his field and can help reduce your energy costs. Call him on 03330 433 233 or click here to visit his website to find out more about him. And, as always, I'm here to help too. click here to ping me an email if you would like to know more.

Until next time ...

ROGER EDDOWES
Business Godparent

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More about Roger Eddowes ...

Roger trained at Edward Thomas Peirson & Sons in Market Harborough before working at Hartwell & Co, followed by Chancery, as a partner. He started Essendon Accounts and Tax with Helen Beaumont in 2014 as a general practitioner with a hands-on approach.

Roger loves getting his hands dirty, working with emerging, small-to-medium and family businesses to ensure they receive the best possible accountancy advice. Roger utilises an extensive network of business contacts to leverage the best guidance and practical solutions.