If you have ever been at a poorly run municipal facility (like a DMV, tax office, etc.), one thing that you may notice is antiquated equipment. The same runs true for certain businesses that have long lines, complaining customers, inefficient shipping or customer service. Many times you may hear the same lines of reasoning from the employees of the places, namely:
- “Our systems are ”
- “Our computers are running ”
- “We are having printing ”
- “We are having some issues with our [enter equipment name here].”
You never want to be one of those companies. And with good planning, you shouldn’t have to. It is noteworthy to mention that every piece of equipment that you have should not be replaced “just because.” That would not be practical from a business perspective. However, if you are finding that you have equipment that is slowing your processes, decreasing the quality of your service, or overworking your employees, it is best to update that equipment. Keeping it will only cost you money in the long run.
Avoiding Upfront Equipment Costs
Buying one or two pieces of small equipment may not affect your bottom line much. Yet, if your business needs multiple items, the costs could hinder a healthy cash flow. Instead of emptying your working capital or emergency business savings, a better idea is to lease the equipment. Through leasing you can:
- Keep updated equipment continually
- Maintain predictable monthly expenses (avoid surprises of equipment failures that require immediate repairs or replacement)
- Little to no upfront costs to begin lease
- Easier to compete within your business market (never be behind in technological advances)
If you would like more information about how leasing equipment for your business, call STRADA Capital at (877) 478-7232. Currently, we are running a great promotion for businesses of all types.