When you’re starting or growing a business, cash is often in short supply. One way to manage your cash flow is through the use of our innovative MiRental solution. You can rent-to-buy essential and critical hardware required for your operations instead of buying it.
Mi-IT can help you save money and alleviate your cash flow constraints with MiRental.
Cost savings of 28%
By far, the most significant benefit of our ‘rent-to-buy’ solution is a massive saving of 28%.
By renting the equipment, the cost is recorded as a monthly operating expense – reflected in your Profit and Loss. These expenses are paid for with pre-tax funds.
Conversely, IT equipment purchased outright will be recorded as a Fixed Asset and paid for with after-tax monies.
IT Equipment Purchase: A Pain Point for SMEs
In many cases, the first IT hardware in a small business is the personal laptops or tablets owned by the founding members.
As the company grows, you will start hiring staff who will expect their employer to provide all their IT equipment. In addition to this, you may require to upgrade other essential hardware such as servers or printers. This is an important inflection point when you or one of your co-founders may become responsible for the company “IT Strategy”. The strategy will have to encompass issues such as: Network accessiblity, Cybersecurity, backups, regular patches and updates, warranties, software licensing etc.
The MiRental solution can extend to including IT support required to ensure that your systems are firing on all cylinders.
Additional Benefits of Renting
Some of the key benefits of renting IT equipment are listed below:
- Asset Flexibility: You will have the ability to quickly and easily scale as your company grows and changes.
- Predictability: Costs are fixed and therefore predictable.
- Ahead of the competition: Stand out from your competitors by renting the latest equipment and demonstrating to your clients that your business is ahead of the curve.
- Compatible to a more mobile workforce: Workers are more than ever either working from home, whilst traveling, or using shared working spaces. A more flexible workforce with rental laptops could be an excellent benefit to your business. Your employees will be more productive as you adapt to the changing and flexible needs of your business.
Contact us today for a friendly chat on how we can help you scale your business without breaking the bank!