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Small Business Tips

NMDC

Northern Maine Development Commission
Small Business Development Center

Tip #3

ENERGY MANAGEMENT IS GOOD BUSINESS MANAGEMENT

Why spend money on conservation? My firm needs money for additional equipment, salaries and advertising!

Investments in energy conservation generate some of the highest returns you'll receive. Energy efficiency improvements are often a better investment than more conventional strategies. Earnings from conservation improvements can then be directed to capital improvements or advertising to attract more customers.

Hey I'm barely keeping my head above water now! I can't afford to spend money on that stuff.

Oftentimes, businesses cut back on routine maintenance and repairs in an effort to cut expenses. Unfortunately, this usually increases costs in the long run due to premature equipment failure or loss of operational efficiency.

Energy conservation? Why bother?

Developing successful strategies to reduce your energy costs doesn't have to be time consuming or expensive. Take advantage of our expertise. A trained specialist will visit your business to identify cost savings projects …FREE!

It will only take a short time and the benefits will begin immediately. We can help you identify low-cost, no-cost operations and maintenance practices that will return immediate savings. 

For instance:

* Setting back your thermostat by 5 degrees, each night could save as much as 7% on your heating costs.

* Dirty lamps and fixtures can reduce effective light output by 30%. Routine cleaning schedules will insure optimum light output for each dollar spent on lighting.

* Scheduling different electrical uses so that equipment operation does not occur at the same time will have big impacts on utility demand charges.

Even if your energy costs are small in comparison to other operating expenses, it pays to cut costs wherever you can. Inefficiency, whether in daily business operations or building operations, represents waste. Waste is money lost - money that could be used for more productive purposes. We know the energy conservation network. We can help put you in touch with other resources that provide financial services or technical assistance.

Let us help you improve your bottom line!
The Energy Conservation Division is a part of the Department of Economic and Community Development. We sponsor this project to help small businesses lower operating costs and improve competitiveness. By working directly with business owners, the ECD staff will identify appropriate energy saving improvements, recommend energy management assistance programs, and identify financial assistance services.
For more information, please contact: Brian Longstaff at the Northern Maine Development Commission, 207-532-0644, email:
blongstaff@rcn.com


Past Tips:

Tip #1

Tip # 2

 

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