All About Savings - Why Should Businesses Want to Save Money?

ALTRINCHAM, England, July 1, 2013 /PRNewswire/ --

A basic knowledge of economic theory is all it takes to understand that over an extended period of time the condition of the economy is subject to fluctuation. Boom follows recession which follows boom and so forth.

What's interesting about this "economic cycle" is that many companies perform extremely well during the upturn when the flow of money through an economy is at a peak. But why is it that the same companies and boards of directors aren't in a position to keep their businesses afloat when that inevitable dive occurs?

It could be fair to argue that they may fall foul of a common mistake in business that many entrepreneurs have been guilty of. Keeping too close an eye on revenues whilst neglecting to notice what is leaving the bank has historically been in many business owner's "top five list of things that nearly lost me everything".

What we know and understand at All About Savings is that it's just as important to ensure your business' costs are as low as they can possibly be so that a greater proportion of revenue generated can fall under that all important accounting heading: profit.

Although not as exciting as taking on a sizeable new customer, deciding to cut back on what you spend to make the business tick is always a good business decision. Especially when it can be done without any expense. Furthermore, if you're charged with maintaining shareholder value, keeping a strict eye on costs is without doubt a responsibility.

Key Areas for Potential Savings in a Business

• Telecoms
• Gas
• Electricity

Business Telecoms

Despite the onset of remarkable technological advancements in the 21^st century, the telephone remains the primary tool through which businesses communicate.This makes telecoms something that isn't likely to become obsolete overnight.

Given that your business is most certainly going to need a telecoms provider in some shape or form, it makes perfect sense to consider your options. This is especially true when there are hundreds of companies out there with the desire to provide good quality telecoms services at prices that make your profit and loss account look much healthier.

Under the heading of telecoms falls internet connectivity which is undoubtedly something the majority of most SMEs are going to need to some degree and something every large company could not survive without.

It has been noted on forums and discussion boards that switching from one provider to another isn't simply a choice led by price. Other complications such as downtime during the switchover and the anxiety associated with the thought of losing internet access for a day and being left in technological limbo are genuine reasons for people not wanting to make the switch, even though significant savings are there for the taking.

All About Savings can manage the switchover process for you and take away that stress.

Business Gas

Gas supply has some peculiar features in that when you choose your provider, you're not making any decisions in relation to the actual product you receive. Regardless of provider you decide to use, the same gas will arrive at your premises so it makes sense to secure not only the best available price but also the most favourable contractual agreement.

All About Savings have a relationship with key gas suppliers and can guarantee you the best possible gas deal by considering your usage, preferences and avoiding rollover contracts that can lead to you paying more. By visiting the website http://www.allaboutsavings.co.uk/business-gas/ you'll find information about how the you can get the best possible gas deal with a guarantee that if you find a better deal, it will be matched.

All About Savings will:

• Compare companies across the business gas market
• Handle the switchover process
• Save you money

Business Electricity

As with gas, All About Savings are able to work on your behalf to find the best possible energy supplier and arrangement.

On top of this there are a number of additions that can help reduce and manage your electricity usage. The first of these are known as half-hourly meters and they're required by businesses that consume 100kW in any given 30 minute period although this isn't a minimum requirement. What's useful with a half-hourly meter is the accurate reporting back to your energy supplier, which is an excellent bargaining chip for negotiating bespoke and preferable electricity prices.

Some premisesmay already have this type of meter installed and we urge you to check if this is the case by consulting our simple guide here: http://www.allaboutsavings.co.uk/business-electricity/half-hourly-meters/

Being efficient in controlling your energy costs requires knowledge of what you're spending and when. A Smart Meter is the technology aiming to fulfill this requirement and is expected to be commonplace across the UK by 2019.

A Smart Meter is able to send data directly back to your energy supplier via WiFi which takes away the worry of receiving an estimated bill that doesn't accurately reflect your usage and inevitably turns out to be higher than an accurate reading. Owing to the WiFi connection you often have the ability to monitor your own usage which can help identify patterns in your usage and help you change bad habits that translate into higher usage.

Utility Companies are Still Businesses Subject to the Laws of Supply and Demand

Although the media purports an image of energy companies holding the nation's fuel supplies to ransom, companies such as Eon, British Gas and EDF are still subject to competition (albeit a rather complicated model) and need to offer a competitive price in order operate in the market successfully.

This means good energy deals are out there, we just need to look around. Luckily, All About Savings are willing to do this for you. All you need to do is get in touch.

Contact Details
All About Savings
Warrant House
High Street
Altrincham
Cheshire
United Kingdom
WA14 1PZ

Telephone: +44(0)845-1948-625
Email: help@allaboutsavings.co.uk
Website: http://www.allaboutsavings.co.uk

For all press enquiries please contact Maximillian Thornton (Marketing Manager)

Email: help@allaboutsavings.co.uk