If you would like to cut costs during the current recession without cutting jobs, there are a number of things you can do, including renting computers. As we'll see, renting IT assets instead of buying can save capital and leave you with more available credit.
A recent article in the Bermuda Sun gave businesses some sound advice for cutting back during tough economic times. Tips include:
• Spend only what you need to spend. In other words, don't go for the big-ticket, luxury item when the basics will suit you fine.
• Cutting staff may have a negative impact on your ability to provide good customer service, which can have a long-term effect on the reputation of your business.
• Offer the best possible service. Customers are shopping less often, so you need to stand out to get sales.
• Keep marketing so your name stays front of mind for potential customers.
• Keep extra cash on hand to act as your own line of credit. You may also want to sell off assets you don't need.
• To save money, try renting assets instead of buying.
This is all good advice, but the last two points require a little more explanation.
How Renting Computers Can Save Money
Although the author of the Bermuda Sun article was talking about all business assets, this article will focus on IT assets to provide an example of how renting computers and other office machines can save money.
Computer equipment and office machines are a major expense, and one that can easily be reduced by renting computers and other hardware. Let's look at computer rentals in the context of the Bermuda Sun article.
First, the author states that you should try to keep extra cash on hand and consider renting assets. But how can you save money if you need a new printer, desktop, laptop or other hardware? Easy. You conduct a rigorous exam of your needs and determine which IT assets you simply must have versus the machines you may need only occasionally.
Instead of spending money on new purchases across the board, you can reduce expenses by only buying what you absolutely need. You can fill in any technology gaps by renting computers or printers. The end result is less cash going out the door and more cash (and credit) available to help you through lean times.
The Bermuda Sun article also mentions selling assets you don't need. Maybe during the good times you bought a high-end color laser printer. Although it is a great performer, it may really be more than you need. Many computer rentals agents offer a buy-back program to help businesses discard their old equipment. They purchase your equipment and then use it for their computer rentals programs. With the cash you get back for your high-end printer, you could lease or rent a smaller printer.
Other Benefits of Computer Rentals
Renting computers is not just about actual computers either. Most rental agents will rent a full range of audiovisual equipment as well. So instead of investing in an LCD or plasma screen for your next business presentation, you can rent one.
Renting computers and other IT assets is a money-saving strategy ideally suited to today's challenging economy. To learn more, contact a computer rentals agent.
For more information on Computer rentals or Renting Computers visit vernoncomputersource
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