light bulbs

Texas Power Company

July 26, 2010

The late Milton Friedman was one of the greatest economic minds in history. It was Friedman who coined the term a business’ number one priority is to earn a profit. Most people understand this. After all, a business that is not profitable will not be operational for long. However, most people look at profits from a narrow perspective. That is, they see profits exclusively in the form of revenues. This, however, is not completely the case. Profits are how much you have earned over your expenditures. That means a business can increase its profits by reducing its expenditures. And, without a doubt, the biggest expenditure drain a business often deals with is energy costs. That is why it is critical to cut back on energy costs if you wish you business to remain profitable.

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