Learn About These 6 Useful Tips To Save Company Resources

Company resources include tangible assets and intangible assets, culture, and reputation. Every day, companies spend a lot of money on unnecessary things. This can be anything from energy consumption to the purchasing of environmentally-unsound products.

However, there are many ways to save company resources without making too many changes or sacrificing productivity.

You can start by evaluating your daily routine and looking for areas where you might be able to cut back on some unnecessary spending.

Other tips include reducing energy consumption, recycling and composting, using less paper, and choosing more environmentally-friendly products. If you implement even a few of these tips, you’ll be surprised at how much money your company can save.

1) Reduce energy consumption

One way to save company resources is to reduce energy consumption. This can be done in a number of ways, such as turning off lights when they’re not needed, using energy-efficient appliances, and making sure that the office is well-insulated.

Also, you can encourage employees to use less electricity by switching off computers and other electronics when they’re not in use.

Another example is to take the stairs instead of the elevator. It takes more time but it’s good for your health and it doesn’t use any electricity!

2) Recycle and compost

Another way to save company resources is to recycle and compost as much as possible. This means setting up a system in which paper, plastic, and other waste are separated and recycled. It also involves composting organic food waste instead of throwing it away.

By doing this, you can significantly reduce the amount of garbage that ends up in landfills, which not only reduces environmental impact but also saves money on landfill fees.

Additionally, you should encourage employees to recycle and compost as much as possible. This can be done by giving out awards, providing special incentives, or bringing in recycling experts to speak at meetings.

For example, you could have a “recycling champion” of the month who gets their name on a plaque and a $50 gift card.

3) Research different energy suppliers

Another way to save company resources is to research different energy suppliers. If you find a cheaper supplier, you can significantly reduce your utility bills and boost overall cost savings. As the people at Goswitch state, the market can be a tricky place to navigate even for an experienced business owner. That’s why it pays to have an expert on your side when it comes time to compare energy plans and find the best deal for your business.

To do this, you should talk to other businesses in your area that have switched energy providers recently. You can also search online for reviews and ratings of different companies.

By doing this, you can not only save money but also help take care of the environment by reducing your carbon footprint.

4) Use less paper

Another way to save company resources is to use less paper. This can be done by printing double-sided documents, using digital signatures, and sending emails instead of faxes or letters.

You should also encourage employees to use less paper. This can be done by setting up a paperless office system, providing incentives for employees who go paperless, or holding meetings where you talk about the importance of saving paper.

Additionally, you might consider switching to a paperless accounting system. This can help you reduce waste and keep better track of financial records.

5) Choose environmentally-friendly products

Another way to save company resources is to choose environmentally-friendly products. This includes anything from office supplies to cleaning products.

There are a number of ways to find environmentally-friendly products. You can search online, read product labels, or ask other businesses for recommendations.

You should also look for products that are made from recycled materials. This helps reduce environmental impact and supports sustainable business practices.

6) Educate employees about sustainability

The last tip is to educate employees about sustainability and encourage them to get involved.

There are a number of ways you can do this, such as offering workshops or training courses on environmental topics, providing incentives for participating in green initiatives, and holding competitions among employees that promote sustainability.

By doing these things, you can help your employees understand the importance of sustainability and encourage them to get involved.

Overall, there are many simple steps you can take to save company resources without making too many changes or sacrificing productivity. By implementing just a few of these tips, you can help your business become more environmentally friendly and boost overall savings. The bottom line is that every little bit helps. And, by working together, we can all make a difference.

Advisory Excellence Reaches 50k Business People via Social Media

Advisory Excellence reached 50000+ followers and subscribers on social media during this week. Social networking is a great way to exchange best practice knowledge, learn about the business techniques of your peers, and stay abreast of the latest industry developments.

A business network is a complex network of companies, working together to accomplish certain objectives. These objectives, which are strategic and operational, are adopted by business networks based on their role in the market.

Why not follow Advisory Excellence on social media?

Advisory Excellence is an international network. With over 1500 members around the globe, we are ready to help you wherever you are in the world.


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This guarantees online publication and improves search engine visibility. Advisory Excellence is the definitive global provider of social media platforms and distribution that marketers, corporate communicators, sustainability officers, public affairs and investor relations officers leverage to engage key audiences.

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Foreign Ownership for Thirteen Sectors in the UAE

In general, foreign ownership occurs when multinational corporations, which do business in more than one country, inject long-term investments in a foreign country, usually in the form of foreign direct investment or acquisition.

Following the enactment of the Federal Law No. 19 of 2018 on Foreign Investment, the UAE Cabinet has announced the positive list of activities covered by and benefiting from Article 7-3 of the FDI.

The UAE cabinet has approved 122 economic activities across 13 sectors that will be eligible for up to 100% foreign ownership.

These sectors include:

  • Transport and storage;
  • Agriculture;
  • Space;
  • Manufacturing;
  • Renewable energy;
  • Hospitality and food services;
  • Information and communication;
  • Professional, scientific and technical activities;
  • Administrative and support services;
  • Educational activities;
  • Healthcare;
  • Art and entertainment; and
  • Construction.

The eligible sectors will offer new economic opportunities for international investors looking to explore the United Arab Emirates market particularly for projects involving e-commerce, research laboratories, advancement in biotechnology, logistics and supply chain, production of solar panels, hybrid power plants and green technology.

The UAE Cabinet has further confirmed that it will be left to the discretion of the local governments at an emirate level to decide on the percentage of foreign ownership for each sector/ activity.

This announcement represents a much-awaited step towards the development of foreign investment regulations in the UAE.

It is expected to considerably boost the level of FDI in the UAE as a whole and cement the role of the UAE as a global business hub for foreign investments.

The list of privileges awarded to Foreign Direct Investment projects are extensive and include the following:

  • FDI Companies licensed under the FDI Law shall be treated as national companies within the limits prescribed by the legislation in force in the UAE and the international agreements to which the UAE is a party.
  • FDI Companies may transfer their returns outside the UAE including net annual profits, proceeds from the liquidation of the investment or the sale of all or part of their assets; and funds collected from the settlement of disputes in relation to their activities in the UAE.
  • Employees of FDI Companies may transfer their salaries, indemnities and entitlements outside the UAE.
  • FDI Companies shall be guaranteed confidentiality of technical, economic and financial information as well as investment initiatives submitted to the competent authorities or the licensing authority in accordance with the provisions of the FDI Law in a manner that is compliant with UAE applicable laws and regulations including enforced international treaties in the UAE.
  • FDI Companies, subject to obtaining the required approvals, can admit one or more shareholders; sell the business; change their legal form or enter into a merger without losing the privileges awarded to them under the FDI Law.

We will be posting regular updates in respect of the implementation and development of the FDI Law.