When to Purchase Equipment
When you’re small and have a small budget it is really important to spend your precious money wisely. Whenever you purchase a new piece of equipment for your company, you need to ask yourself, “Do I absolutely need this right now to continue? “ If the answer is no, then you have your answer to buy or not. A new computer is not just faster processing power, more storage space and new applications, its’ also an extra $50 or so off your bottom line every month. Remember, profit is equal to your revenue minus your expenses. A new piece of equipment can lower your monthly profit because it increases your expenses. So you are probably asking right now, when is a good time to invest in new equipment?” The answer is not always simple, but a good rule of thumb is that if a new piece of equipment can increase your monthly revenue and pay for its own added expense, then you should purchase it. I know buying new equipment can be exciting, but try to remember that you’re in business to make a profit, or at least you should be. If you run your company on a lean budget and purchase wisely, you will save yourself many worries in the long run.
Jason Grass
Virtual Workforce LLC
“Let Us Lighten the Load”
Newmarket, NH 03857
Phone: (603)292-5716
Fax: (603) 292-5914
E-mail: jgrass@vworkforcellc.com
Website: http://www.vworkforcellc.com
