Business Cost Saving Tips

1. Failing to check that any contract price is correctly implemented by the energy or telecommunications company.

2. Failing to give notice of termination on energy contracts, meaning that you have no choice but to stay with existing supplier at the rates they dictate.

3. If staying with current supplier, then accepting the first renewal price. Challenge on telephone and ask for a better price.

4. If seeking alternative energy prices, then only asking one or two other suppliers for quotes. There are over 20 prime energy suppliers.

5. Failing to check that available electrical capacity is set at the correct levels.

6. Paying too much attention to the headline rates and not enough attention to the detail or hidden charges.

7. Paying for items on invoices that are no longer required or used.

8. Paying for too many telephone lines or over provision of any service.

9. Renewing maintenance contracts for telephone equipment, without seeking competitive tenders.

10. Failing to ensure that the Mobile package meets current needs, at each review period.

11. Failing to take advantage of new telecommunications technologies that can reduce costs.

12. Failing to consider alternatives to private circuits and data lines.

13. Paying for internet access in Hotels and other WiFi hot spots, instead of using mobile broadband.

14. Having no systems in place to highlight anomalies in usage, and this can result from a wide range of reasons including equipment failure and staff de-falsification.

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