Business Benefits To Green Energy

The importance of using renewable energy cannot be overemphasized. The future of the energy industry is pointing towards green energy. There is good reason for industries to turn to renewable energy sources. After all, climate change is an issue that is becoming increasingly prominent in the world today, and this calls for a change in the way we use our resources and power our industries.

For its part, the British government has committed to source at least 15% of the country’s energy supply from renewable sources by 2020 through the establishment of policies that support the use of renewable electricity, transport fuels and use of solar panels.

Why Green Energy?

As mentioned above, the world is now in a state where we can no longer afford to turn away from environmental issues. Households, businesses and individuals alike are being urged to change the way they use resources in order to meet their needs.

Here are a few reasons for choosing green energy:

green energy

Sustainable management is now an essential part of every business workflow. Businesses face operational and commercial risks because of climate change and instability of oil prices. Sustainability management looks at these risks and many businesses have found that one good strategy for minimizing them is opting for renewable energy sources.

Choosing green energy is the ethical thing to do. As a business, you have an important role to play in your community—making sure that you’re helping reduce the problem of resource scarcity instead of adding to it is part of your Corporate Social responsibility.

It builds up your customer’s confidence in you. As the specter of climate change and scarcity of resources looms over the world, more and more consumers are pushing for businesses to take the green route. Showing your customers that you’re doing the right thing for the environment will encourage them to be loyal to your business and to take pride in being your customers, so it is actually a great PR tool too!

It will save you money in the long run. The government offers incentives for businesses that use green energy. Tariffs for green energy are also competitive with those for standard energy. You’re also likely to save more on your energy bills, as you won’t be slapped with the Climate Change Levy that businesses using standard energy have to pay.

Another good point about a business going green is that should the owner decide in the future to sell the business, it be a more desirable company to potential buyers. When selling a business work with a firm that is accustom to, and specializes in, purchasing small companies. One example of such a firm is New Orchard Capital which works with a business owner interested in selling a healthcare business or other related company such as a veterinary company, an ophthalmology business or a dental business

It’s good for the economy. The renewable energy sector is growing steadily, and with the increased demand for it comes much-needed jobs. The Pembina Institute reports that employment created from low impact renewable electricity would be comparable to or greater than that created by a fossil fuel based generation of the same level.

Investing in Green Energy

One of the reasons green energy is a viable option for businesses is the incentives given by the government for businesses and households that use renewable energy.

The first of its kind in the world, the Renewable Heat Incentive (RHI) is a scheme that encourages the uptake of renewable heat technology through financial incentives. This is an attempt to make a significant contribution towards the UK’s goal of having 15 percent of its heating come from renewable sources. Here’s what CNBC has to say about green energy and businesses.

As a business, you can choose to have renewable energy systems installed in your company premises, such as solar panels. Once accredited, a tariff level will be assigned to your installation based on its technology and size. You will receive payments based on the actual output of the system.

You will need to invest a bit of money in having the installation put up, but this will pay itself off over the years in terms of the tariff payments and the savings you will make on your energy bills.

There are companies that will install energy generator systems for you for free—you will not get the tariff payments, but you will still save on your energy bills. Ecotricity, for instance, offers the Merchant Wind Power scheme to businesses that use over 1 GWh a year. The company builds and runs wind turbine systems on business sites for free, giving the businesses considerable savings on their energy bills.

If having solar panels or wind turbines installed is out of the question for you at the moment, you can still avail of green energy by choosing a green energy supplier. There are a number of suppliers in the UK who supply 100% renewable energy at competitive rates. Among these are Good Energy and the aforementioned Ecotricity.

How Debt Management Affects Credit

If you already have bad credit scores because of recent financial troubles, then you will probably be wary about signing up to any sort of debt relief program. The last thing you want to do when trying to rebuild credit is to accidentally bring it down even more.

Some debt assistance options, such as bankruptcy or debt settlement, are likely to hurt your credit scores. However, depending on your specific situation, something like a debt management plan can actually increase your credit over time. Because everyone’s financial circumstances are different, it is advisable to contact a certified credit counselor.

This person can look over your current debt obligations, your credit report, and your income and budget to let you know whether or not debt consolidation will improve your credit. Below are some general credit benefits of debt management.

Erases Penalties

Penalties can appear on your credit report every time you miss a payment, make a late payment, go beyond your credit ceiling, or pay less than the minimum required. If you have a delinquent account then the length of delinquency and whether or not an agreement has been reached on how repayment will be made both have an effect on your records as well.

Enrolling in a debt management program can help eliminate these penalties and stop any more from incurring on accounts included in the program. Many creditors will also allow delinquent accounts to become current after 3-5 on time payments through your management program. Abolishing penalties is a great way to start growing your credit.

Restores APR

Some penalties from late or missed payments on credit cards can raise the annual percentage rate (APR) on those cards. There is also a penalty APR rate that is applied to delinquent accounts by creditors, and in many cases this consequence is considered to be permanent. However, becoming part of a debt management plan can help to restore previous APR rates. Restoration to original interest rates and the waiving of fees are things your credit counselor can assist with by negotiating with credit lenders.

Improves Credit Score Factors

Your FICO score is determine by five specific factors, each with its own weight, or importance, placed on determining the rating:

  • Total Debt Currently Owed (30%)
  • How Long You’ve Had Credit (15%)
  • How Long Since Your Last Credit Application (10%)
  • Types of Credit You are Using (10%)

Obviously the first two factors carry most of the weight in determining your credit score. By using a debt consolidation program you can successfully improve these factors. With every payment you make on time during your debt management plan you improve your credit repayment history. Plus each payment made decreases the overall amount of debt that you owe. These two things are a big deal when it comes to bettering your credit scores because their weight accounts for 2/3 of the total.

In Conclusion

Increase Scores with Debt Management!
Most people see an incline rather than a decline in their credit scores once they partake in a debt relief option like a consolidation program. Just remember that everyone’s financial situation and success with debt management is different and fluctuates depending on certain factors. These factors include things like what the original strength of your credit rating was like, how current or delinquent your different accounts were before joining the program, whether you paid all of your monthly obligations on time for the duration of the program, and whether or not you decided to include all of your debts in the program. It is usually not a question of whether or not debt management will help your credit, but the degree to which it will aid each individual. In general there will be at least some sort of improvement.

The Role of Banking In Your Business

Banking plays a very important role in the success of any business. A free business banking account can be very beneficial for carrying out your banking activities related to your business. Here are the pros and cons of using such an account for your business:

You can find plenty of banks that offer business owners to create business accounts without paying maintenance fees. However, you are required to make sure you that do not fail to maintain a minimum balance as per the terms and conditions of the bank. If you fail to do so, you will have to pay maintenance fees.

Banks will allow you to enjoy free checking up to a certain point. In other words, you can avail free checking until you reach certain activity threshold. For example, you are required to pay a fee if your credit or debit threshold activity is crossed.

Since you handle a business, the bank will provide you with accounting software such as Quickbooks without asking you to pay anything for it. Such software can help you in managing your finances. However, you can use the software for free for a certain time period. If you want to continue using it, you will have to pay monthly fee.

Every business comes with certain risks. You are always vulnerable to financial and legal setbacks, especially if your business involves giving advice on a regular basis. As Entrepreneur states, because of these potentially expensive risks, many businesses rely on insurance for protection. Purchasing a Professional Indemnity Insurance policy, for example, is the best preventative measure towards avoiding lawsuits and other legal action filed against your business.

Whether your business is just starting out, or has run into legal issues in the past, insurance is essential for a stable financial future. If you handle confidential information, or issue advice to clients, you could be the subject of a lawsuit. These are the most common instances of legal action towards businesses, especially when the advice involves the client’s financial decisions.

It could also be as simple as an unsatisfied customer looking to avoid payment, which must be settled in court. Regardless of the circumstances, insurance can help protect your business from the crippling legal expenses that might arise. Protect your business from financial setbacks, and take out an insurance policy that can cover any possible legal costs.

Professional Indemnity Insurance is just one type of policy that many businesses rely on today, and can help you eliminate some of the risks that come along with conducting delicate business.

Best Ways to Deal with Stress In Management Jobs

Accepting more responsibility at the workplace typically implies that one is put under more stress, and this is what happens as you advance into a management position. If you are to have success, you do have to know how to cope with stress and this can be tough especially when you are managing others for the first time.

It isn’t just pressure from the employees in your team but also other people that may be in higher management roles who you are answerable to. A key skill for success as a manager in the longer term is to continue to be unflustered and develop the ability to lead and thrive in this kind of an environment.

A primary skill that you must strive to learn early on is result-focused planning, while targeting the important tasks that need attention from you. In this respect, you have to know how to delegate work and also make sure that people within your team are not relying on you to the extent that you have no time to manage effectively.

The members of your team should feel that they can rely on you for help, but they also have to respect your judgment as to the how and when of it. You may have to educate your staff to your thinking on this matter, as well as call on more experienced and senior team members to offer help where they can.

You will have instances when unpopular decisions need to be made and this may be because of situations that are outside of your control. This may mean you being called on to handle situations with unhappy employees, which at first can be difficult. What better source to get information on stress at work than from the site stress.org.

The simplest way to address these situations is to be open and truthful, and to accept from the start that not all decisions will be popular and you can’t change that. Particularly with issues of conflict, it’s best to reach resolution right away and move on, leaving behind any nasty exchanges that may have taken place.

A sure sign of either being flooded with responsibilities or not being well organized is when you find yourself slogging away after hours. That’s not the path to becoming successful and stress-free; as a manager you have to be more discerning and make more sensible choices regarding your workday. And you should not be tied to your desk – develop a habit of getting away at particular times or intervals. In the event that you aren’t making progress, it could well be time to speak with a more senior or experienced associate. In this way their experience will help you grow wiser and equip you to deal with future difficulties of a similar nature.

Being a manager does require fortitude, but you can learn to use stress as an opportunity to grow and thrive, by choosing what you focus on and by enlisting the help of other people when needed.