Small business owners generally think the only way to boost profits is to increase sales. Energy costs, however, can have a big impact on profit margins. Likewise, energy efficiency can actually lead to higher profits. According to the Small Business Administration (SBA), retail companies alone spend $20 billion on energy each year. A mere 10 percent reduction in energy costs for the average full-line discount retailer can boost net profit margins by as much as 1.55 percent and sales per square foot by $25.
Read more from the Missouri Small Business & Technology Development Center