If you run a small business in the UK and need an establishment to do so, then you’ll no doubt be looking at ways to cut costs and expand profit margins.
A big part of running any business is knowing where and how to save as much capital as possible. These savings can then be used to improve the scale or services your business provides and grow your business to the next step of its development.
One thing you should always spend on is water. There are plenty of ways to save on small business water rates that you can directly control – so let’s go over them and get you on the road to saving that hard-earned cash.
Switch Your Water Supplier
This is one of the most effective ways to save a potentially large sum of money on your monthly water utility bill. Privatizing business water in the UK means plenty of options to choose from, and they are all competing for your business.
What you may need to know is that there are water suppliers as well as water retailers. Water suppliers are responsible for providing water and keeping the water supply going. But water retailers are different and work with water suppliers to broker the best deal possible for their customers.
It is also common for a water retailer to offer additional services through its extensive network of water industry professionals. The water retailer often negotiates these additional services through exclusivity contracts to get their customers better deals.
By switching, you will be able to save on things like fixed charges or admin and management fees and things like plumbers and water engineers that are vital for maintenance.
Water retailers also tend to have better customer service and resources for customers looking to save. They are in the business of customer service, so it makes sense that they have such a customer-centric approach (which is always a bonus).
Install Water Saving Faucets
Most workplaces will have a few taps, at the very least. Even an office will have a kitchen tap for tea and coffee and a few bathroom taps.
Buying and installing water-saving faucets will help reduce water consumption whenever someone uses a tap. The savings won’t be huge, but it’s far better than wasting money and water.
For businesses in the hospitality industry, water-saving taps can save a lot more than in other sectors. Using taps for washing up or service in hospitality is a daily occurrence and can rack up quite the bill and claw back some of those funds with an eco tap.
Install Toilet Tanks In Bathrooms
Similar to the water-saving tap faucet, a toilet tank is designed to limit the amount of water a toilet uses. It limits the water so that just enough is used per flush and excess water isn’t wasted.
In most non-hospitality-based businesses, this is the cheapest and easiest way to save money on your monthly water bills. Again, much like the eco taps, it may not be a lot, but it’ll be noticeable over a few weeks and months.
This change will significantly reduce water consumption for establishments like hotels and restaurants every month.
You’ll be surprised how much you can save with such a small change. Help reduce the environmental impact of water overuse (and wastewater generation) while saving money!
Fix Leaky Pipes Or Taps
This may seem an obvious tip, but you’d be surprised how many leaky taps an establishment can have. Even if it is a small drip, this can and does add up over time to waste a large quantity of water. Water that you are paying for.
However, only some leaky pipes and taps are visible, and these are the leaks you should be concerned about. Having a leak or a hidden drip in pipes can become a structural issue for your establishment.
If left unchecked for too long, the presence of a small leak inside a wall or under a floor can result in mould forming. In extreme cases, this can weaken floors, walls, and ceilings, which becomes a safety risk.
An easy way to fix this is to have a plumber perform a detailed and comprehensive water audit to test for leaks and catch them early.
Use Efficient Water Appliances
Whether a kettle or a dishwasher, every business will have water appliances. If your appliances are fairly old, it’s time to buy some new ones.
New water appliances are built with water efficiency in mind, and for a place like a café, replacing these appliances will help you save water for years to come – easily paying for themselves in due course.
The key point is that if you save water, you’ll save money. There are various ways to accomplish this, and your business niche will determine what and where you can save. Just be sure customers don’t suffer as a result!