Researchers polled 500 SME owners and decision-makers and discovered that small businesses are losing nearly £350 each month on average due to not having enough time to review their spending
Small businesses are losing thousands of pounds each year due to a “lack of time” to manage all their expenditure and outgoings.
And a ‘forget-to-cancel’ culture, whereby time constraints cause regular subscriptions to renew automatically, is also affecting their finances, with 24 per cent of small business owners attributing increased expenses to letting subscriptions run on. “Getting smart meters installed in my restaurants helped me, and my team, to better understand our energy usage, which in turn has helped me change the way I run my operations and have more control over our energy spend.”
“One thing owners can do is get a smart meter installed, which can help them save both time and money. Smart meters send readings automatically to the energy supplier, putting an end to manual meter readings and estimated bills. The data smart meters provide can help owners identify where cost savings could be made and help them have more control over their business’ energy spend. That’s good for cashflow and budgets.
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