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BizHelp24 Edition No. 173
Thursday 8th February
2007

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February 2007 - Small Business News

 

Are you Risking Losses with Out of Date Equipment?
 

Almost every business in the UK uses computers or other technology to run part of (or often all of) their operations. Yet nearly two million small businesses (49%) are putting their data and productivity at risk by using old technology to run their business.

 

A new survey by BizHelp24 has found that 24.8% of small business owners say they do not need to update or replace their computers and other technology at all, while 12.4% only update them every three years, and 12.1% every four years or more. 

This is despite small business employees saying that slow and unreliable computers are the biggest cause of irritation in the office*. Positively though, 34.7% of businesses do upgrade or replace their equipment once a year or more; ensuring their equipment remains productive and reliable.

Here are five top reasons why upgrading can benefit your business:

  • Faster computers help productivity, and prevent staff irritation
  • Technology becomes more unreliable as it gets older, putting your data at risk
  • New printers and faxes are cheaper to run, and produce better results
  • Buying new equipment is usually more cost effective than repairing old equipment
  • As technology gets smaller, you gain more office space 

Whilst older computers may still do the job, they can be slow and unreliable; and are more likely to break down, disrupting your business. Updating or replacing your equipment every couple of years helps to ensure your staff can stay productive, and minimises the risk of you losing your data or needing to pay the cost of repairs.

If you have invested in good technology, you may be justified in keeping it for longer than cheaper goods, but it is worrying that so many businesses say they do not need to update their technology at all.

Find out more about technology issues in our Internet and Technology portal here.

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BizHelp24 – UK business and finance information, news, help and services for small businesses BizHelp24 is a UK business and finance resource providing Small Business Help, Start up Information, news and services; for individuals and Sole Traders. Comprehensively covering a wide range of key business, finance, and service topics. Employment and personal information includes Work Times and Break Entitlement, Body Language, employee Holiday Entitlement and Employment Contracts. Credit Policy information includes Letter of Credit, useful Credit Notes, Business Loans. and Cash Flow Control. Other information areas include Bankruptcy, Homeworking, Business Failure, Company House and Company Names,

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