November 9, 2018
When it comes to creating an office space, you can buy an office or rent one. The same also applies to find the tech equipment. You can either purchase them or rent them. If you look at travel businesses today they might lease hire vans and another automobile rather than buy them all. This is because renting makes the process more manageable.
Renting is better when you have a rented office space
When you have rented an office space you might be changing the location anytime. So if you own equipment there is the hassle of relocating the whole setup. But when you rent out the equipment you can easily and quickly move offices. There are also fully furnished office spaces available for rent with the option to rent tech equipment.
Renting is better as it allows you to scale or upgrade when required
When you are just starting out as a small company, there might be a tight budget at hand. You can obtain a loan for setting up the business but this loan might not always be sufficient to buy all the tech equipment. Renting or leasing the equipment allows you to scale or upgrade the set up in future when you have the budget.
Technology keeps evolving
When you think you have purchased all the latest technologically advanced equipment for your office there comes another piece of equipment that can make everything else obsolete. Even when you buy something as simple as a smartphone there would be another variant that would be released tomorrow with better features at a better price as well. If you keep spending money on buying tech equipment and keep upgrading them then the business’ expenses keep going up. There are operational costs and maintenance costs to be taken care of as well, once you have purchased equipment.…