03 27 2013

03 27 2013

Small Businesses Get More Headaches from Tech Equipment than Absent Employees

Absent employees can cause huge problems for small business owners. Lost productivity and time can throw a wrench in the smooth sailing of daily operations, but apparently, it’s got nothing on a malfunctioning computer. According to a recent survey, technology problems were more frustrating to small businesses than a sick employee. Owners experiencing problems with tech equipment that they can’t afford to waste time and resources on should consider a small business equipment lease. This can enable owners to procure top-quality equipment and stay relevant in the evolving technology landscape.

Owners suffer from, overwhelmed by tech malfunctions

In the fourth annual Brother Small Business Survey produced by Brother International Corporation, 75 percent of small business owner respondents said a computer that crashes is more disruptive than an employee absent on sick leave. What’s worse, for those owners with unreliable technology equipment, is the 77 percent who said they had been adversely affected by a tech malfunction that caused a missed deadline or business opportunity.

Additionally, 86 percent said productivity took a hit when office technology was out of commission or not working properly. Thirty-one percent even went so far as to say they’d sacrifice a week of vacation time if it would ensure that no other malfunctions happen again.

The survey also found owners were increasingly trying to cope with the essentiality of technology as a business solution in the modern world of small business: 66 percent said they are overwhelmed by the sheer amount and variety of technological capabilities available to them in running their business.

“This year’s small business survey found that technology is just as important as a healthy workforce,” said John Wandishin, vice president of marketing. “The results emphasize the importance of delivering reliable and easy-to-use products to promote a productive working environment.”

Cloud computing over the heads of many owners

Survey responses revealed 28 percent of small business owners still can’t fully grasp the concept of cloud technology. That led to 42 percent eschewing cloud use, and 35 percent only using it for data storage purposes.

Despite their wariness with cloud computing and the general frustration with tech malfunctions, a majority of respondents said they would prioritize technology tool investments in the coming year, with 51 percent identifying new software, mobile apps, and cloud services as key areas for business investment.

Small business owners looking to upgrade their tech capacity can consult with National Funding on a small business equipment lease that can provide them with the most up-to-date equipment, and prevent them from becoming obsolete in regard to technology capabilities.

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Any applications submitted electronically shall have the same force and effect as if the application bore an inked original signature(s). The above information, together with any accompanying financial statements, schedules, or other materials, is submitted for the purpose of obtaining credit and is warranted to be true, correct, and complete.

 

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To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person and business that seeks a business loan.  What this means for you: When you apply for a loan, we will ask for your business name, address, and Tax Identification Number.  We will also ask for your name, address, date of birth, and other information that will allow us to identify you.  We may also ask to see your driver’s license or other identifying documents.

 

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The Merchant and Owner(s)/Officer(s) identified in the application (individually, an “Applicant”) each represents, acknowledges and agrees that (1) all information and documents provided to National Funding, Inc. (“NF”) including credit card processor statements are true, accurate and complete, (2) Applicant will immediately notify NF of any change in such information or financial condition, (3) Applicant authorizes NF to disclose all information and documents that NF may obtain including credit reports to other persons or entities (collectively, “Assignees”) that may be involved with or acquire commercial loans having daily repayment features and/or Merchant Cash Advance transactions, including without limitation the application therefor (collectively, “Transactions”) and each Assignee is authorized to use such information and documents, and share such information and documents with other Assignees, in connection with potential Transactions, (4) each Assignee will rely upon the accuracy and completeness of such information and documents, (5) NF, Assignees, and each of their representatives, successors, assigns and designees (collectively, “Recipients”) are authorized to request and receive any investigative reports, credit reports, statements from creditors or financial institutions, verification of information, or any other information that a Recipient deems necessary, (6) Applicant waives and releases any claims against Recipients and any information-providers arising from any act or omission relating to the requesting, receiving or release of information, and (7) each Owner/Officer represents that he or she is authorized to sign this form on behalf of Merchant.(8) I consent to receive direct mail, faxes, and e-mails sent by National Funding and its affiliates for the purposes of transmitting account updates, requests for information and notices, and (9) this request is for business and not for consumer purposes.

 

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