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Is An Upgrade To New Equipment In Order For Your Business?

At some point, all companies need to replace their old equipment for new gear. In some cases, the reason simply lies in age. Technology rapidly advances. As a result, many pieces of equipment become either ineffective or obsolete in short periods of time. In other cases, it all comes down to productivity. Is your current equipment helping you to meet the needs of your customers? Perhaps an upgrade is in order to be more productive.

Keep training in mind.

With every new piece of equipment comes a new lesson to be learned. Do you and your team members know how to effectively and safely operate your new addition to the office? Consider how much training may need to go into using the new equipment you buy. As the Business Development Bank of Canada notes, all too often, entrepreneurs don’t consider the time, money and resources required to train employees on new equipment.

“You want to avoid the productivity drop that occurs when employees take too much time to adapt to new technology or processes,” says their website, “If the equipment is new or has new features, you can assume employees will face a learning curve. It’s important to head off problems by ensuring that you have the financing in place to address the resulting downtime.”

Remember that size matters.

Before making a new equipment purchase, it’s a good idea to take measurements of your current office and/or work space. Do you have adequate room to install your new gear? Perhaps replacing old, clunky and space-consuming equipment with newer, sleeker, smaller models is the way to go. Doing so frees up space for other employees to handle their jobs more efficiently. As well, a more aesthetically pleasing work space is bound to help productivity.

“You must know how much space the machine takes in installation and operation,” insists NextWhatBusiness.com, “Generally, after the installation, you will need to provide some extra space for the operational activity. So it is important to know the exact space requirement before putting in the final order. In addition, check whether you can provide the required space or not.”

Try to go green.

Last week, we dedicated our blogs to the art of building your brand by going green. Sure, we did so to celebrate Earth Day. However, it doesn’t have to be April 22 in order for you to respect and protect the environment. Consider going green with energy-conserving new equipment that will also bolster production in your workplace.

“When purchasing equipment or technology, be sure that it’s energy efficient,” insists the BDC, “Not only will you be saving money, but you’ll also be contributing to the health of the planet. Research the environmental impact of your new equipment and find out how to dispose of your existing equipment in a way that minimizes its impact on the environment.”

Could you use some help to afford the costs of buying new equipment?

Contact Synergy Merchants to learn about how our unique merchant cash advance program can get you the funding you need within 24 hours! Please don’t hesitate to call us at 1-877-718-2026 or email us at info@synergymerchants.com. You can also apply online for a free, no obligation quote!

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