Do you remember buying your first webcam or the first time you ever used Skype for video?
It was 2004 and I was only 13 years old, and I used it to talk to my cousin who lived in another state. Despite a poor resolution and some major lagging issues, this webcam was cutting edge at the time and we thought it was the coolest thing since sliced bread.
However, it didn’t take long before it couldn’t keep up with newer visual technologies being developed.
In the 1960s, Gordon Moore made a prediction that said computing would increase in power at an exponential pace, and at the same time, the relative cost would go down.
Cell phones are one of the best examples of this because most of us have seen them evolve over our lifetimes. In 1984, the first cell phone offered commercially cost several thousand dollars and could do one thing: make phone calls. Then came the exponential growth.
Only 25 years later the first iPhone was released, allowing owners to make calls, check their email, browse the web, and download and listen to music, all for $499.
The same thing is happening to the technology in your business today. It is getting better and less expensive simultaneously.
That is why we believe it is important you have the ability to use the latest technology while it is relevant and to update it every few years to make sure it stays that way. With monthly payments, you can make that happen without burdening your capital budgets with large expenditures.
Here are the top three benefits of paying monthly for your technology:
A Predictable Expense.
By paying monthly, you won’t have to worry about which years you need to budget large cash amounts to purchase new technology.
Every few years we will audit your technology environment to look for new technologies to improve efficiencies. With monthly payments, we’ll easily be able to switch out new technology for the old without changing your monthly expense drastically.
Use Cash Wisely
When you pay monthly for your technology, your cash is freed up to invest back in your business.
Many companies like to use their cash for inventory, new employees, advertising, or other items that give a better return to their business.
As technology becomes faster and continues to grow exponentially, monthly payments will ensure you are using the best technology to run your business and not falling behind the curve.