Small Business Survey Results
Q2 2019 Small Business Energy Report
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Understanding more about business owners and how they use energy
The consumption of energy and resources is an important part of almost any business model, and how business owners approach energy use can vary widely.
A business owner’s choices around energy use and sustainability initiatives also have marketing implications, as today’s customers often seek out businesses that align with their values.
With our energy use survey, we set out to determine the range of attitudes about energy and sustainability held by small business owners, as well as their perceptions of what their employees and customers value in an employer or business.
Small Business Owners’ Attitudes About Their Business Energy
Depending on what services or products a business provides, its energy needs may be a more significant percentage of the operating budget. Small business owners also start their own business for a variety of reasons, and all of these factors can influence how the owner approaches energy use and the methods they choose to implement to promote sustainability.
We asked a few questions to find out what motivates small business owners when starting a business, adding sustainability measures and deciding on an energy provider.
1. Which of the following best describes your current attitude toward your business?
The business owners surveyed are a practical and pragmatic group. Approximately 42% of the respondents look to their business to help them make a decent living or as much money as possible.
Making a difference in the world, contributing to the community and building something bigger than themselves were also important.
The data suggests there are two distinct groups we call Pragmatists and Sustainability Enthusiasts. Pragmatists are highly practical and focus on financial efficiency, while Sustainability Enthusiasts may be willing to relinquish some profits to implement sustainability measures they value.
2. Running an environmentally sustainable business is important to me.
According to the results, small business owners care about running a sustainable business.
Of the small business owners surveyed, approximately two-thirds -- 66% -- say that running a sustainable business is important to them.
While only about 4% of business owners survey said that sustainability was not important to them, about 30% of small business owners said that they haven't really thought about how sustainability can impact their business.
3. What are your top reasons for choosing an energy provider?
Respondents were asked to pick their top three reasons for choosing an energy provider.
“Best price” was chosen by 59% of respondents as one of the choices. Small business owners clearly care about price, with a 17% increase in this option. Some have no choice of energy provider or are not aware that they do, making price less relevant.
The second most popular choice was a supplier that “provides good value for my money,” with 44% choosing this option. Value is clearly important to small businesses that are looking to their energy providers for audits, tips and other saving strategies.
The ability to receive information on how to save money on energy was among the top responses from respondents when choosing an energy supplier.
Small Business Owners’ Use of Sustainability-Promoting Technology
Advances in smart technology have made it easier to automate processes that promote sustainability and improve the over efficiency of most small business. Energy choice can also allow small business owners to pick the type of energy that best fits there sustainability goals.
We asked our respondents what type of energy they use in the operation of their business as well as what smart technology they have started to use.
1. What type of energy does your business use?
Nearly 80% of surveyed business owners use electric or natural gas as their primary energy source.
Nearly 6% of business owners reported using renewable energy sources such as wind and solar, which is slightly lower than national consumption estimates for 2017.
Other reported sources of energy include everything from wood to propane and oil.
2. Which of the following "smart" devices do you use in your business?
Nearly one third of survey respondents said that they were not using smart connected devices in business.
Digital assistants such as Amazon Echo and Google Home are the top smart devices, but for all the talk of “Thermostat Wars”, the use of smart thermostats decreased by 3 points with 14% of business owners reporting usage.
Business owners with multiple physical locations for whom sustainability is not a primary focus are more likely to use smart security systems and RFID barcoding systems to minimize theft and inventory loss.
3. Which of the following environmentally friendly practices have you implemented in your business?
We asked small business owners which energy-saving strategies they use and which they are most excited about. Recycle bins came out on top, with 65% using them -- an increase of 1 point from the Q1 2019 survey. Energy-saving light bulbs and turning off equipment when not in use closely followed.
The latest Q2 2019 results show remain relatively steady, which indicates business owners are committed to sustainable strategies.
It’s encouraging to see that many business owners are noticing the advantages of being environmentally friendly, and that they're venturing into new sustainable strategies.
Few selected advanced money-saving strategies offered by energy suppliers such as energy audits or using renewable energy.
Perception of Customer & Employee Attitudes Toward Sustainability
Just as the attitudes of small business owners can vary concerning energy usage and sustainability, so can the attitudes of employees and customers. We wanted to know how important environmental sustainability was to employees and customers, as perceived by the owners of small businesses.
In a competitive environment, having a business that adequately addresses sustainability issues could close the deal when it comes to a potential customer or well-qualified job candidate.
1. My customers care about whether my business is environmentally sustainable.
Sixty percent of owners say that most or some of their customers care about the small business’s sustainability practices.
Nearly one fifth of survey respondents -- or 21% -- say they aren’t sure how their customers feel about the environmental sustainability of their business.
2. I have employees who are environmentally conscious.
A majority, or 68% of respondents, say their employees are environmentally conscious. This is important because employees tend to be attracted to employers with shared values, creating a stronger employer-employee bond.
Yet nearly one sixth -- 17% -- of small business owners surveyed say they simply are not sure about employees’ attitudes toward sustainability.
Environmental sustainability is good for business.
This year’s survey shows that promoting environmental sustainability is becoming increasingly important. Finding and implementing the right practices can be a strategic business decision for both Pragmatists and Sustainability Enthusiasts.
We will continue tracking the attitudes of small business owners about energy and environmental sustainability this year, so check back to see how, and if, anything has changed.
Learn more about the respondents in the Small Business Energy Report
If you're looking to learn more about the Small Business Energy Repot, visit our respondent data for a breakdown of industries, and read about the types of businesses our survey participants operate.