With an expectation of a rise in costs of goods and services ahead in the wake of Brexit; it makes sense to look at reducing business costs now. SME’s may, in particular, feel the pinch and need to reduce operational costs across the board.
However, one area that businesses should refuse to cut back on is electrical testing and maintenance. This is essential to the safety of employees and customers. Not only that but electrical testing can save your company money.
Get the most out of your investment – maintain your equipment.
Investing in equipment can be a huge outlay in business funds, especially computing equipment. To make this investment worthwhile you need to maintain your equipment so that you don’t have to replace it too soon.
To increase the longevity of your equipment you should secure access to reputable testing equipment and inspect your hardware regularly. This will help save a significant amount of money which can be spent elsewhere within your business.
Rent testing equipment or purchase second-hand
As a business owner, you do not need to purchase brand new testing equipment. Do your research online and instead buy used tools that can be 70% cheaper, or lease brand new equipment that will be maintained by the company.
Then you can access the best equipment available and stay within your budget.
Make sure your business equipment complies with UK regulations
As a business owner, it is up to you to ensure your business equipment fully complies with the Health and Safety Executive (HSE). A failure to test electrical equipment/appliances and to carry out maintenance can lead to significant breach in compliance.
If you do not adhere to these guidelines then you could be putting yourself and your staff at risk of injury or worse. You will also incur a significant fine.
The failure to test equipment will not only bring about faults and injury but could also lead to long-term legal costs if an employee or company were to seek compensation. Both the costs and the reputational damage could be irreversible. As a responsible business owner, you should always follow guidelines and test your equipment regularly.