Starting a new venture is easy, but maintaining it in the longer run is a bigger task. When starting a new business an entrepreneur or his team are always working on a tight end budget to make things meet, and in doing so one of the most important things that will be needed to function your daily work is office equipment.
Whenever you want to choose office equipment for a startup make sure it is cheap. Now cheap here means affordable, yet durable and of course high quality. Maybe you have got a home office and need some affordable equipment. In such a scenario, there are a couple options at your disposal: you can either rent the office furniture you need, or you can purchase new ones from an online store.
So, what is the most viable option? And how can you get the most out the those options.
Leasing Office Equipment
The main advantage of renting office equipment is that you can return the equipment during use for upgrades without any charges. For this you need to pay weekly or monthly rent or leasing fees for the equipment and in return, you are allowed to use the equipment as if it were your own.
Some of the reputed leasing agencies will even send service personnel to your office, if the leased equipment ends up breaking down. For large scale office equipment items, leasing them is often a very good idea because not every business can pay $5,000 to pick up one item they may need.
Buying Office Equipment
The main advantage of buying office equipment is that it becomes your business asset. The depreciation cost on these equipments can be taken in up to 10 year increments, or all at once when you buy them in some parts of the world. When you purchase it, that means the equipment is also yours and you don’t have to worry about accidentally damaging the equipment or using it too often, as is the case when leasing contract that you have with someone.
The hassles are less when your buy office equipment of your own. To save money always try and shop for a trusted online office supplies retailer, as it is far more cheaper to get things from them, rather a store down the street. With leasing the equipment, when you move your offices to a new location, according to some rental agreements, this would mean a breach of your leasing contract.
In such situation, you either have to start a new contract or pay contract termination fees to finish the move. However, if you have purchased the equipment yourself, you can simply load it on the moving truck and deck it up at your new office.