Caution, strategy, and precision are essential elements when it comes to successfully scaling a startup.
And, while caution and precision should always figure in your daily thinking, strategy comes into play when selecting the most suitable technology to support team members as your business evolves.
The symbiotic relationship between leasing and scaling
For many startups in the UK, tech can be a limiting factor – whether that’s due to the large upfront cost, hardware that quickly becomes outdated, or a lack of flexibility.
This is where leasing your devices can be the smarter approach to scaling your business.
And we’ve seen it first-hand here at Lease Loop, where a large proportion of our customers are SMEs (Small and Medium Enterprises) either preparing for, or actively going through, periods of growth.
Leasing Apple devices at this stage offers them timely flexibility, an ability to manage cash flow more effectively, and a contingency that many growing businesses need.
Even our biggest clients – those that have hundreds of machines from us – value the agility that leasing their devices provides, making it a smart move for many startups looking to expand their operations the same way.
Affordability
Scaling a business doesn’t come at a singular, one-off cost. Instead, expenses are often spread out, for example by increasing costs through recruitment of the best talent, tax bills, contingency plans, the rental of larger offices, inflated marketing budgets, and growing payrolls.
Leasing equipment through predictable and affordable monthly payments helps businesses to manage their cash flow more effectively, freeing up significant capital for other growth-critical investments rather than tying it up in depreciating assets.
Predictability
Linked to affordability is predictability. When your business is going through a period of change, there’s likely to be plenty of unexpected surprises along the way, so anything you can do to minimise these unforeseen events can make scaling much smoother.
Leasing instead of buying your equipment turns a large upfront expense into predictable monthly payments that supports a calmer environment during a time that can traditionally feel quite chaotic!
Flexibility
Fortunately, flexible leasing solutions provide a contingency, allowing you to quickly and easily acquire the most suitable tech for the role and project, while also giving you the opportunity to upgrade this equipment after two to three years.
At Lease Loop, three years is our typical device lease period, while some businesses with greater cash flow opt for two years.
While this option increases monthly costs, they tend to save around £180+VAT (over a two-year period) compared to the three-year alternative.
Efficiency
Another benefit of regular upgrading through leasing is always having the latest and best technology at your fingertips, ensuring operational efficiency across your team.
This is because, in many cases, businesses that purchase their technology want to increase their ROI (Return on Investment) by getting as many years of use out of them as possible. With computers, that tends to be between seven and eight years.
However, this approach commonly leads to the gradual and often unnoticed slowing down of your devices until they’re no longer fit for purpose, resulting in lost efficiencies and a significant decrease in output over time.
When you lease, there’s less emotion attached to retaining your tech, freeing you up to get the latest equipment which often pays for itself in the increased efficiency and productivity.
Operationality
As a startup scales, the last thing their operations team needs is more work and complexity in the form of coordinating device deliveries, setup, servicing, and maintenance.
Many leasing arrangements take care of the logistics, including maintenance, repairs, and technical support as standard, shifting the responsibility of hardware management away from the business and allowing them to focus purely on core operations.
Plus, here at Lease Loop, warranties and AppleCare is bundled into the price of our solutions, ensuring you don’t have to pay extra for that all-important peace of mind should a technical issue arise with your Apple device.
Why scale with Apple devices?
Security
While security is important to all businesses, no matter their size or the industry they operate within, maintaining strong cybersecurity and compliance can become more challenging.
By leasing modern Apple devices, you can ensure that your team is using up-to-date hardware with the latest security features and operating system updates, helping to reduce risk as the business grows.
Productivity
It’s no secret that equipping your staff with the right tech can improve their experience, allowing them to focus on what matters most – working more effectively and productively as a team.
With the latest Apple devices benefitting from powerful M-series chips, long-term reliability, and enhanced security features, employees experience little downtime and performance-related issues.
Recruitment
Attracting the very best talent for your scaling startup isn’t easy – especially as your business may be in its infancy and therefore yet to gain traction in the eyes of both the public and investors.
Fortunately, promises of access to the latest Apple tech can be a great way to drive recruitment of the most talented individuals for your business.
As effortlessly cool, efficient, and highly capable machines, some companies even list them as a core benefit on job descriptions.
Fun, affordable, and flexible leasing solutions!
Eager to scale your startup, but unsure where to start when it comes to equipping your team with the latest tech? Talk to our helpful team today!
We’ll work with you to understand exactly what your business needs to grow and offer expert guidance regarding the most suitable Apple leasing solutions for you.
For your peace of mind, all our Apple leasing solutions benefit from 24/7 AppleCare support from experienced specialists, a 3-year hardware warranty, and an invaluable personal touch from our conscientious team.
To find out more about the most suitable Apple devices and setups for your startup, please don’t hesitate to get in touch with Lease Loop today!
Simply give us a call on 01952 876928, email your enquiry to sales@leaseloop.co, or fill in our online contact form.