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How to Maximise Business Cost Savings Over the Holidays

Out-with the retail and hospitality sectors, many businesses tend to wind down over Christmas and New Year. Many staff may have scheduled annual leave, and your customers or clients may be less demanding during this time.

Whether your business is set to close throughout the festive period, or you’re scheduled to open for limited hours, there are certainly business cost savings to be made when output and staffing is lower than usual. Here are some ways you might be able to make some savings over the quieter holiday period:

Install heating timers

If you don’t already have or use smart timers for your business heating, now is the time to do so. By setting timers you can ensure the office is a warm and work-friendly environment when people are due to be there. Similarly, you can ensure you’re not unnecessarily heating a building that nobody will be working in for at least a few days.

Power down equipment

Whilst most employees will automatically turn off their PCs at the end of the working day or week, the same isn’t always said for communal office equipment such as printers and scanners. In addition, kitchen equipment such as kettles, toasters and microwaves could also be wasting electricity if left plugged in over the Christmas period.

Check and report faults

Faults and leaks may already be pushing up the price of your bill, so this is something you should be doing anyway. However, if you are a business that closes for a couple of weeks across the whole festive period, you could find that these faults and leaks can cause more lasting damage on your return to the workplace. Here you can take preventative action to ensure cost savings.

Additionally, plumbers, electricians and other repair men are notoriously hard to make appointments with at this time of year, due to emergency call-outs. So, it pays to get your workplace in order before any festivities and breaks commence.

Ensure you’re properly insured

As we enter the colder season where storms and snow are set to be the norm, you could face some weather damage to your workplace. Pipes are more likely to freeze or burst, older roofing may move with slates falling to the ground, and tree debris could be a nightmare for your car park or workplace grounds.

Therefore, it’s vital to check your insurance, as you may not be covered for certain types of damage or incidents. Check your policy covers all the equipment within your workplace and offers the appropriate liability for your business needs. This will save on unforeseen additional costs, should anything happen over the Christmas and New Year period.

For more information on how you can make significant cost savings over the holidays and well into the new year, please get in touch or give us a call on 0141 226 8525.

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