You’re going to have so many expenses with any business it can be staggering. There is necessary operational overhead, for one. This will include utilities like heating, water, and electric; it will include rental/purchase of facilities, it will include supplies to produce your product(s)/services, it will include necessary taxation of business exploits, and it will include employee remuneration/benefits.
You should include in your overhead the cost of marketing, as this will be a regular necessary expense. Additionally, once you’ve established the baseline figure of your overhead, you should include a certain amount for emergencies. Once all these numbers have been calculated, round-up to the nearest thousand—you’ll likely end up exceeding this anyway.
One way to reduce the monthly or yearly figure which represents your business’s overhead prior profit is to find those charges in the main figure which can be reduced. Take rent/ownership of space, heating, water, and electric. All four of these can be consolidated into a single monthly expenditure which is less than traditional options.
Prices will vary, but for between $100 and $200, you can obtain a 100-Watt solar panel. This panel comes with a standard 10-year warranty in most cases. Now, a 3.1 kWh solar system is more than enough for a single household or small business and will add over $18,000 in property value.
If you get 31 solar panels at $200, that’s $6,200. If you can do the same thing at $100, that’s $3,100. Now, your costs for installation and safety are going to vary. There are charge controllers, cables (positive and negative, but you can use the same cable for either—just don’t mix them up!), power inverters, and storage.
You probably only need one charge controller and inverter; but depending on the scale of your operation, how big it is will vary. An industrial-sized battery should be more than requisite to hold the charge. Altogether, these additional expenses are going to be between $500 and $4k, depending on your proclivities.
Assuming the worst, you spend $10k or under and receive $18k+ in value for a 3.1 kWh solar system. The best part of this is that should you require more power, additional solar panels continue to increase the value of your property. And, once you’ve got the system installed, you have no further need for utilities obtained from the grid. So you can count on between a two and threefold increase in property value no matter how much energy you need; and that just from installing a solar array.
Heating and cooling are usually systems that run from your local electrical solutions, meaning Solar knocks those costs out. The only utility solar power can’t handle is water. If you purchase property that a well can be drilled on, you’re able to get past this difficulty as well. You can cut electrical, heating, cooling, and water down to waste management; and that will save you and your business perpetually over the years.
Owning Your Operational Site
Even bigger savings come in the form of site ownership. For that, contractors for metal buildings can help you build your own self-sustaining facility, and affordable. According to Fidelity Steel: “Steel buildings are a perfect solution for your manufacturing facility needs since steel buildings are designed for wide-open, column-free space and can have very high ceiling heights.”
Consider the P-model. This comes with a width of 14 to 30 feet, and a length however long you’d like. From server arrays to production to storage and even living, should your area allow it, such prefabricated solutions provide substantive savings over time.
By consolidating utilities including rent and infrastructure into an owned situation, you’ll knock a substantial chunk from your overhead, and facilitate increased profit as well as expansion.