For restoration businesses, lowering overhead is the quickest way to improve net profit and cash flow. Like the old saying goes, everything is negotiable. And this includes utilities. Did you know 32 states have deregulated their electricity or natural gas industry? This allows businesses in those states to shop around and negotiate more cost-effective utility rates. Companies looking to lower their utility bills often turn to independent energy consultants to help lock in lower rates.
You can also negotiate lower rates for phone service, cable internet and other business-related utilities. If these providers refuse to offer you more economical plans, it’s well worth the time and effort to shop around for a better deal. Remember — every dollar you save on utilities goes back into your wallet. In fact, studies show decreasing just 5% of your overhead costs can double your net profits. So what are you waiting for? Get to negotiating and improve your restoration business’