Computer Chip
Spending on hardware and software technology upgrades can save you money.
True or False? "Using the same, older technology you have been using for the last X number of years until times get better and credit is easier to find will save your business money." FALSE! Surprised by the answer? Many people believe that spending money on new technology is something that should only be done when times are good. However, the truth of the matter is that managing old equipment can cost more than upgrading does. In addition to that, upgrading technology helps small businesses to improve productivity and stimulate business. Consider a few ways to upgrade your business' technology in an economic way:
  • Lease equipment. Many companies are now leasing new desktop or laptop computers. The cost of a monthly lease payment is often less that the depreciation cost of an old computer. Leasing allows you to take advantage of the latest technology while spending effectively.
  • Trade in old equipment. It's possible to trade in your old computer for a new one by means of a trade-in program, which generally offer cash for old equipment and attractive offers for purchasing new equipment.

Upgrading your technology does take time and effort, but it is well worth it. Consider the fact that a new computer running Windows 7 on an Intel Core™2 Duo (or quad) processor can boot up 55% faster and shut down 33% faster, run nearly 3 times faster, use half the electricity and consume up to 55% less energy than an older model. And computers prices have significantly dropped compared to just a few years ago. Not only is there efficiency to be gained in upgrading hardware, consider upgrading software, as well. When was the last time you upgraded you sign making or RIP software? Now might be a good time to spend the money to get the latest version.

One sign maker said he budgeted a buck or two every day for sign making software upgrades. It was well worth the money. And if Vista soured you on PC operating systems, take a second look at Win 7... it really is worth the effort. Most agree it is the upgrade that Vista should have been. Make sure that you set yourself up for success. After you have outfitted your business with new technology make sure you learn how to run it. take some time to explore and see how you can use technology to the fullest. You will reap the greatest benefits from your upgrade by being well educated on what your technology can do.