Growing a Business

5 Tips for Picking Startup Tech Equipment

One of the best ways to prepare a startup for success is to choose the best tech equipment. Investing in the proper equipment now allows your business to increase its productivity and reach customers exactly where they are now.

Here are a few tips for choosing the best tech equipment for your startup.

1. Create a Tech Budget

Startups are usually on tight budgets. Short- and long-term plans often factor into the decision when purchasing equipment for a startup. As such, startups need to carefully construct a budget. This budget allocates enough funds for tech equipment and supplies.

A tech budget estimates costs for tech equipment. This budget will vary depending on the work that the business does. Using this budget, you may explore which options are available to your small business. For example, you may find your budget allows you to purchase new equipment. Or you may consider renting equipment. The budget for every startup will vary. In short, be sure you understand exactly how much you are able to spend on tech equipment and supplies.

2. Determine What Each Department Needs

Each department in your startup will have different tech equipment needs. Here are a few common tech essentials.

  • Communications. This includes equipment like smartphones, laptops, desktop computers, and tablets. In addition, it refers to compatible WiFi, audio visual tools, and conferencing equipment.
  • Internet. Your startup needs to connect to high-speed WiFi. Determine which local network provider is best for your business. In addition to internet, you’ll need to seek out options for ethernet cabling, modems, and routers.
  • Software. Various types of software help businesses to better manage every aspect of their company, from accounting to database management.
  • Servers. A private server can safely store confidential company data and information.
  • VoIP. Voice over Internet Protocol (VoIP) allows for the delivery of voice communications over the internet. VOIP lets startups and their employees make and take calls from anywhere in the world. (In addition, it’s also a good idea to invest in a business telephone service system. Similarly, a local landline should be part of your tech equipment roster.)
  • Backup Hard Drives. Do not rely on cloud storage alone. Regularly back up important information and files on a physical hard drive.

While some departments will have similar tech equipment needs, remember that the needs of every department are different. Avoid investing in outdated tech. Make sure the tech you invest in is updated and works well.

3. Conduct a Tech Audit

What’s a tech audit? A technology audit allows you to understand which tech equipment your startup needs most. Therefore, this allows you to better pick out the right products and software for the business.

Consider hiring a consultant who can help you assess your startup’s needs objectively. Having a third-party offers a better perspective. This helps entrepreneurs better determine the types of tech equipment they need that will help the business succeed.

4. Enlist Tech Support

In addition to getting a tech audit, remember to enlist tech support.

Hire a member of the IT team that may be able to assist with installation, upgrades, and troubleshooting as necessary. Make sure each member of your team gets the chance to meet with the tech team. If there is a process for addressing issues, such as submitting a ticket, ensure that each team member understands how to reach out accordingly to report any issues or problems.

5. Determine a Backup Plan

What happens if the startup faces a natural disaster or a business interruption that leaves the startup in flux? A backup plan, ideally a recovery strategy, must be put into place about what happens next.

Here are a few aspects to consider in a tech backup plan.

  • Creating a disaster fund. The startup needs a cash reserve. This should be about three to six months’ worth of operating expenses. This fund helps cover expenses in the event of an income interruption.
  • Backing up important documents. Back up documents in more spaces than the cloud and a physical hard drive. In addition, keep hard copies of these files in another, off-site business location.
  • Create a tech emergency kit. Think items like backup batteries and power supplies. In addition, include hardware, chargers, and cloud storage capabilities.

In short, once you create a backup plan run through the recovery strategy with the rest of your team. This ensures everyone knows what to do. In conclusion, everyone will be fully prepared and able to overcome any hurdles.

Protect your business by Incorporating or forming an LLC. Call us at 877-692-6772 or visit us at mycorporation.com to incorporate or form an LLC today.

Deborah Sweeney

Deborah Sweeney is an advocate for protecting personal and business assets for business owners and entrepreneurs. With extensive experience in the field of corporate and intellectual property law, Deborah provides insightful commentary on the benefits of incorporation and trademark registration. Education: Deborah received her Juris Doctor and Master of Business Administration degrees from Pepperdine University, and has served as an adjunct professor at the University of West Los Angeles and San Fernando School of Law in corporate and intellectual property law. Experience: After becoming a partner at LA-based law firm, Michel & Robinson, she became an in-house attorney for MyCorporation, formerly a division in Intuit. She took the company private in 2009 and after 10 years of entrepreneurship sold the company to Deluxe Corporation. Deborah is also well-recognized for her written work online as a contributing writer with some of the top business and entrepreneurial blogging sites including Forbes, Business Insider, SCORE, and Fox Business, among others. Fun facts/Other pursuits: Originally from Southern California, Deborah enjoys spending time with her husband and two sons, Benjamin and Christopher, and practicing Pilates. Deborah believes in the importance of family and credits the entrepreneurial business model for giving her the flexibility to enjoy both a career and motherhood. Deborah, and MyCorporation, have previously been honored by the San Fernando Valley Business Journal’s List of the Valley’s Largest Women-Owned Businesses in 2012. MyCorporation received the Stevie Award for Best Women-Owned Business in 2011.

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