Regardless of the credit crunch, as a small business you will have always found yourself to be scrutinising budgets and making tough financial decisions about where and how to allocate your resources. Financial planning is a key factor in survival, and can help small and medium enterprises (SMEs) to assess cash flow and assign budgets effectively.
With most businesses reliant on some form of technology for their day-to-day operations, IT is an important area to invest in. However, if money is tight, IT purchases might be low on the list of priorities. In such cases leasing is one method of funding IT equipment purchases, by keeping money in the business rather than tying it up in depreciating assets.
There are a number of reasons to consider leasing:
Many IT vendors now offer a variety of financing options, including leasing packages. However, since all businesses are different and their needs vary, there is no one-size-fits-all solution. When choosing how to finance your purchases, IT or otherwise, consider all the options and decide on the choice that best suits your company’s size, scope and budget.
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