Guide

Increase efficiency to maximise your profit

Saving money through resource efficiency

In most small businesses, operating costs are the main financial burden, especially in the early years. By cutting down on unnecessary expenditure and managing your resources better, you can save money and make your business run more efficiently.

There are two main approaches to developing your resource efficiency strategy:

  • consume less - cut down on what you use, such as paper and ink
  • manage your waste - make the most of the waste you generate, eg sell it on or recycle

Resource efficiency in the workplace

Energy efficiency and green operational practice are now widely accepted in the workplace. There is a wide variety of resources online to help you save on energy consumption and minimise your waste.

A few starter tips on workplace efficiency include:

  • using office supplies more efficiently - eg don't print out every email
  • being innovative with your product design - using less packaging/printing
  • turning off lighting or heating when not in use

For more advice on increasing workplace efficiency, see how to reduce your business waste to save money and read about managing your energy use.

Waste management and efficiency

While you will make significant savings by becoming more resource efficient, you will not be able to remove all waste. Managing the waste that you do produce can be just as important. Make sure you can manage your waste by:

  • having a waste management plan
  • recycling where possible - plastics, paper, metal
  • investigating methods of disposal - some waste may even have a resale value

See more on reducing business waste in our efficiency guides: introduction to waste management, waste reviews, policies and action plans and office resource efficiency.

Get help with efficiency issues

Invest Northern Ireland (Invest NI) can offer support to Northern Ireland businesses interested in reducing their energy, waste and resource costs. Read about the Invest NI energy and waste management support.

Alternatively, you can call the Invest NI Helpline on Tel 0800 181 4422 or email ere@investni.com for further help and guidance.