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Upgrading Business Equipment Will Save You Money

Upgrading business equipment has helped millions of businesses worldwide with their utility bills and profit maximisation.

However, not a lot of owners understand the essence of getting rid of obsolete devices. Their old equipment is already limiting their reach, productivity, and even the means to satisfy their customers.

Without the right technology, you can end up spending much more than you save.

Small businesses tend to struggle with keeping up with the latest technology, as hardware and software companies continuously push out greater equipment at the speed of light. 

It’s a pain to keep our equipment updated, and they’re oftentimes expensive too. Hence SMEs have been finding themselves cutting corners on updating technology. However, using obsolete devices in your business might cost a whole lot more than upgrading your gear. 

For instance: Older computers run slower and are more susceptible to overheating and consuming heaps of energy as opposed to newer models.

If you’re a business owner yourself, how often do you find yourself upgrading business equipment?

Is upgrading business equipment important even when it’s still working fine?

Yes, it is important. 

It offers numerous advantages! One common way to cut down your business electricity bill is to replace your incandescent light bulbs with LED lighting.

For some businesses that use computers to operate, it is recommended to replace their computers that come with broader power settings. Newer models are much more efficient, with the extra benefit of reducing the risk of cyberattacks. 

On top of that, upgrading business equipment boosts your business’s productivity drastically. It can allow you or your employees to accomplish work much faster, and make your entire workflow seamless and consistent.

How often should I upgrade my equipment?

Upgrading Business Equipment
Image: Adam Winger

It depends. Every business has different technology and equipment requirements. Salons need more advanced tools like newer hairdryers, while dentists need new pieces of medical equipment that can drive energy-efficiency amongst their practices. 

At the end of the day, if you own a small business and you know full well that you are still equipped with outdated technology, then it’s high time you should start 

watching out for underlying signs that should push you to upgrade, such as the ones below:

The 6 underlying signs that it’s time to upgrade your old equipment

There will be certain events that will make you consider upgrading your equipment, including malfunctioning, overheating, and other prominent factors.

However, if you find your energy bills reaching an all-time high, and you know for a fact that you turn your equipment or appliances off whenever they’re not in use, then it’s best to invest in some newer models. 

Below we’ve listed 6 underlying signs that suggest you’re dealing with extremely outdated equipment in:

1. Your energy bill is through the roof 

Like we mentioned above, outdated equipment consumes heaps of energy, regardless if it’s a computer or not.  

It’s a sure sign you need to replace some of your equipment if you find yourself dealing with extremely high energy bills constantly. 

When procuring newer technology, make sure to check its specs and start canvassing for brands that offer greater energy-efficiency. Additionally, you can also see in choosing energy-efficient lighting. 

Older electronic hardware and other devices tend to produce excess heat which can heavily affect the cooling loads. If overheating seems to be a consistent issue, replace said devices. 

2. Your computers and/or other devices are starting to slow down

If you notice that your computer is starting to move at a crawl or crash persistently, then that’s a sign that it has aged.  This can cause a huge impact on the productivity of your employees, which will affect your business’s operations in the long run.

3. Your equipment lacks sustainability

Once you find that your equipment is no longer sustainable, replace it immediately. 

For instance, an old printer uses more ink than needed. On top of that, the ink cartridges that need to be replaced are often expensive too. For newer models, this won’t be the case. Another example is an old computer—it will drain the energy from your business. 

Outdated equipment produces more waste and consumes much more energy. So be sure to watch your technology for signs of unsustainability.

4. Your machine is too bulky (for your business’s space)

Outdated machinery can take up a lot of space—they’re unnecessarily large and bulky. For instance, if you own a small cafe with a fairly old espresso machine, it might take up a lot of counter space, consume much more electricity, and can be harder to maintain and clean regularly. 

Office equipment that is installed in a considerably small room with improper ventilation can cause overheating.

Oversized machinery can be a problem for most businesses. Luckily today, brands have been launching equipment with sleeker and space-conserving designs.

5. Your workflow has become inefficient

Businesses thrive with up-to-date hardware. The workflow is better, faster, and the outcome is usually pristine. With older equipment, you will most likely spend most of your time dealing with complications than handling your business. 

However, there are still plenty of businesses that still choose to operate with ageing equipment. Oftentimes, employees take the blame for inefficiency, even when the business hardware itself is acting as the roadblock. 

Much outdated equipment requires frequent maintenance (which can burn a hole in your pocket). Despite the maintenance, the lack of innovation that comes with outdated hardware can still damage your business. At the end of the day, these devices won’t offer the same capabilities as the newer models. esses, and learn more about how chatbots can redefine your customer service here.

6. Your competitors are way ahead of you

You read that right! 

With outdated equipment, you will be faced with numerous issues including high energy bills. Once you sum up all the drawbacks, it will surely hold your business back and give you the disadvantage of falling behind your competitors that use advanced and updated technology.

Invest in new equipment and start comparing business energy quotes to find the best deals in your region! This will help you save thousands of pounds and give your business the power to boost efficiency and maximise its profits. 
Better Business Quotes is known for finding and comparing business energy deals to provide our clients with the best tariffs possible. We keep a close eye on the market and are passionate about helping businesses UK-wide. Click here to visit our FAQs.

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