Sponsored by Cartridges Direct:
Would you love to add an extra $10,000 to your business’s profits in the next 12 months? You can easily do it by improving the positive cashflow in your business. But you don’t want to make changes at the expense of the environment. You need to implement eco-friendly changes that will curb pollution and waste, while improving your business’s overall profits. Here are a few ways you can achieve this.
1. Install LED Light Bulbs
Switching from incandescent light bulbs to LED light bulbs can reap big savings over the long-term. Although the bulbs are more expensive to purchase individually, they save money over the long-run with their low energy consumption and maintenance.
People who make the switch typically find that they save up to 60% in their energy consumption costs. For business owners, this frees up cashflow and improves short-term and long-term profits.
You can click here to learn more about the commercial benefits of LED lights.
2. Partner with an Ethical Ink Cartridge Recycler
One of the biggest issues with landfill waste is used ink cartridges. Up to 80 million used ink cartridges end up in landfills every year. There are recyclers that are taking action to implement a circular model that will ensure the materials from used ink cartridges get used to produce a new product. For example, e-wood is one of the products that is developed from used ink cartridges and is used for fencing and furniture.
You can click here to learn more about the ink cartridge recycling scheme offered by Cartridges Direct.
3. Provide Filtered Tap Water Instead of Bottled Water
People want fresh water, but it is common for businesses to purchase water dispensers or even bottled water. This adds up significantly over time. It would be wiser to invest in a water purifier, which will save you hundreds of dollars in water costs every year.
4. Install a Low-Flush Toilet
Save money on your water consumption rates by installing a low-flush toilet. Typically, the average flush uses 13.6 liters with the average person using 71.2 liters per day. With an ultra low-flush toilet, only 6 liters are used and 34.4 liters are used per person throughout the day. (Source)
5. Recycle Scrap Paper
A lot of paper goes to waste when printing. Some of the common problems that contribute to paper waste include:
- Paper jams
- Smudged printing
- Single-side printing
- Drafts and errors
Rather than throwing them in the bin, store the paper in an area where it can be recycled as scrap. The paper could even be shredded and sent to recyclers who can turn the scrap paper into another product.
The other thing to bear in mind is that it is better to prevent paper from becoming scrap. Aim to have a paperless office and invest in printers that will minimize any printing errors.
6. If You Have Employees, Consider Allowing Them to Work Remotely
There are several overhead costs that businesses need to manage such as lighting, rent, electricity, water, and wages. One of the simplest ways to cut down on these costs is by having employees work at a lower rate.
In western countries, the average overhead cost per employee can reach $10,000 per year. So by allowing them to work remotely, you will already be saving costs. However, you will need to have measures in place to track their productivity. This can be achieved by using collaboration software and web communication devices.
Implementing these changes will have a dramatic impact on the cashflow of your business. Audit your business for any quick wins and see how you can implement them to start reaping those financial rewards over the next 12 months.