Page last updated on 11th October 2024
What is a marginal gains mindset?
Marginal gains is a term from sports psychology. It refers to making small changes that build up to bigger improvements. This approach can help you make a difference.
How can you apply a marginal gains mindset to your small business?
Through our research, we have discovered that most small business owners want to make changes to the way they run their business, but don’t know where to start. So, we have gathered some tips on how a marginal gains approach could help you. Check them out below.
1. Get a smart meter
Over half of small business owners reported feeling more concerned about energy costs compared to last year. One small, but effective change you can make to help you take control of your energy bills is to request a smart meter.
With a smart meter you may be able to view how much energy your company is using online, in a way that traditional meters can’t show you. Speak to your energy supplier to find out what they offer.
2. Understand the value of your time
Being a business owner, you’ll be required to do many different types of tasks, from organising your finances to sorting out your tech. Make sure you focus on what you need to do. And if you can pass on any tasks to other colleagues, or automate these tasks, do! It’ll save you more time in the long run.
3. Make use of tech
The biggest hack to save time – rely more on technology! You can use technology to complete the regular tasks that take you away from what you should be doing in your business. Smart meters can help here! They send your energy readings directly to your supplier, meaning accurate bills and an end to time spent submitting manual meter readings.
4. Set realistic goals and measure your improvements
Setting small attainable goals, keeping track of what goals you've accomplished and regularly promoting your team's progress back to them is a sure-fired way of improving team morale while also making real changes within your organisation.
FAQs
How long does installation take?
Installations normally take about two hours and are arranged in advance so that you can make any necessary arrangements beforehand to ensure minimal disruption to your normal business operations.
Will my small business be charged to get a smart meter?
Many small businesses can get a smart meter at no extra cost. Depending on your business’s energy supplier and tariff, you may be charged for a part of the upgrade or for access to your energy usage data. Your supplier will let you know about any charges up-front.
Want to find out more?
- How to request a smart meter - Find out how you can get a smart meter for your small business.
- The benefits of smart meters for small businesses - We lay out all the potential benefits in getting a smart meter for your small business.
- Reducing costs for your small business - Find out how you can get costs down, including getting a smart meter!