When's the Best Time to Invest in Expensive IT Equipment?

The line between business needs and business wants can be blurry. It's often a good idea for small-business owners to rent or lease expensive equipment until they have a handle on critical business needs. If your company is more mature, this may be the time to consider a substantial IT purchase. Make sure any new IT purchase will add value to your business, or help you safeguard your intellectual property. Also remember that technology alone won't guarantee success; that will depend on smart implementation, the skills of your staff, and the accuracy of your development planning.

For more on leasing equipment, be sure to read Five Advantages to Leasing Office and Technical Equipment.