2017-03-29 00:00:00 Running a Business English Learn about ways to go green at work, and discover how sustainable retail business practices can cut costs. https://quickbooks.intuit.com/ca/resources/ca_qrc/uploads/2017/06/green-retailer-completes-customer-sale.jpg https://quickbooks.intuit.com/ca/resources/business/pad-retail-bottom-line/ Pad Your Retail Bottom Line By Going Green

Pad Your Retail Bottom Line By Going Green

1 min read

Going green is more than a fad. It can actually benefit your bottom line. By implementing environmentally friendly practices at your retail locations, you can save money on everything from supplies to utilities. When you want to build a sustainable retail business, lighting is an easy place to start. Switching out your traditional bulbs for LEDs can result in an energy savings of up to 80%. If you operate multiple stores, or if your locations are open 24 hours, this small change can result in a big drop in your electricity bill. Plus, since LEDs last up to 25 times longer than incandescent bulbs, you can spend less on supplies. Think about your store’s end-of-day routine. If you leave cash registers, office equipment, and computers plugged in when you leave for the day, you could be seeing increased costs due to standby power draw. Cut your energy usage by unplugging everything, or use advanced power strips to automate the shutoff process. Packaging is the scourge of the retail industry. If you produce your own line of products, you can go green and spend less by using minimal packaging – eliminate inserts or use simple fasteners instead of full plastic sleeves, to start. Where a strong package is necessary, consider using eco-friendly packaging made from recyclable or locally-sourced materials to reduce emissions. In store, consider encouraging customers to bring their own containers for bulk items, or charge for each plastic shopping bag. In the long term, going paperless is one of the most environmentally friendly things you can do for your stores. In addition to the obvious savings on supplies, cloud-accessible digital document systems help your employees access files instantly, so they can spend less time hunting for records and forms. Digital checkouts can speed transaction time and eliminate the need for paper receipts. Going green takes time and effort, but the results can benefit your bottom line and the planet. By taking small, manageable steps, you can make the transition without interrupting the customer experience.

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Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

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