How To Cut Costs In Your Educational Setting

Resources
Blog
How To Cut Costs In Your Educational Setting

Every organisation, whether they are a small business, big multinational or public organisation is facing pressure to streamline costs to make them more efficient. This is true even for educational settings where budgets can be tight, but expectations are still high.

There are several ways that your setting can reduce costs. Here are some of the quick and easy solutions for you to save on costs.

Energy Costs

Almost all small businesses, regardless of their operations, can probably save some energy. Your setting could probably make some very simple changes that could reduce energy requirements and reduce costs. First you can switch your light bulbs to more energy efficient solutions. Changing to LED lights in your building can cut costs by about 60%.

Additionally, you can also replace any old equipment such as fridges and freezers that are over ten years old. These white goods are often not as efficient as they were when you bought them and that could be wasting you money. The good aspects of this type of saving as well is that it will enable you to protect the environment as well.

If you’re having trouble to finance energy improvements, you might be eligible for the Salix Energy Efficiency Loan Scheme. You can find out more about this here.

Renegotiate With Suppliers

One thing that many educational settings don’t do is to renegotiate with suppliers. This could be with your utility company, landlord or suppliers of equipment. If you’ve been operating for a number of years, then you can often get better rates. If you’ve taken out a loan before for the business, then you might also have a better credit history which offers you better interest rates and repayment options.

It might also be worth your time to switch suppliers. Many new customers get better deals than existing customers.

Cut Back On Meetings And Emails

Another way that you can save on costs is by cutting meetings down and to reduce the amount of emails sent. This was in a report by business managers on how educational settings could cut down on costs. The findings found that meetings are often inefficient and cause further meetings to be held in order to resolve issues that weren’t finalised last time.

Another problem is the number of emails people receive. The more emails that are sent the higher the number of administration tasks that your staff have to undertake and the more time that is wasted. It can also slowdown the response to critical emails that can cost money. Experts advise to send emails only when necessary and to those who need it.

How do you cut costs?

Cutting costs can make you less vulnerable to quick changes in the funding. Cutting costs can also allow you to free up capital to help you invest in educational materials that can support targets set for the progress of students. Therefore, looking for ways to be more economical is always good.

How have you saved on costs this year? Have you got any further tips?

Let us know in the comments below.

Able Canopies Ltd. design, manufacture and install canopies and shade structures at schools, nurseries and commercial organisations across the UK.
For more information call 0800 389 9072, email sales@ablecanopies.co.uk

Follow us on our social media accounts for the latest funding advice, new products & latest news:
Twitter | Facebook | Google + | Linked In

Back to Blog

How To Cut Costs In Your Educational Setting

See also