Whether you are a start-up or long established business, it is important to always keep on top of your outgoings and make sure that all important cash flow is directed into the areas that will most benefit your company.

When it comes to paying your utility bills many companies will often find they are over paying or forking out unnecessary expenses where they could actually be saving money. If you are either looking to set up a brand new provider for your fledging business or wishing to switch your existing provider for your established company, there are a number of things you should pause to consider before taking any action.

For instance, many providers will offer special introductory rates to new business wishing to use their services. These introductory offers can be tempting, but bear in mind that they are often time limited and will expire after a few months, after which you may find yourself tied into a contract you later regret. The best tip with introductory offers is to always read the small print - that way you won't find yourself caught out.

There is great competition between providers themselves and they will often offer you deals and discounts to win your custom and take you away from their competitors. Take advantage of this and when you contact suppliers make no secret of the fact that you are shopping around.

Most electricity providers will offer you extra incentives for paying online or by direct debit, so make sure you investigate the benefits of such payment methods with each provider.

The longer the contract you sign up for, often the cheaper your monthly bills will be, yet bear in mind that shorter contracts will give you more flexibility. Also, query whether there are any cancellation fees should you wish to terminate your contract early for whatever reason.

Also, speak to fellow business owners and get a feel for what companies offer the best service. These days, good customer service matters greatly and a company with a good reputation is worth more than a cheap as chips company with a poor customer service track record. Look into what extra services your prospective employer offers too, many will offer energy management schemes and expert advice.

Get online today and start comparing business electricity prices to shop around for the best deal and improve cash flow in your business.

Timothy Jones writes for a digital marketing agency. This article has been commissioned by a client of said agency. This article is not designed to promote, but should be considered professional content.