Many law firms spend needlessly and excessively on their office equipment. Versus buying their office equipment used or online, they go to the store and really run up the tab.
When a law firm runs up the tab needlessly on office equipment, this can cause all kinds of problems. For example, many spent on law firm equipment is money that is not being paid to the owners and employees in terms of salary and benefits. Many spend on law firm equipment needlessly is also money that could be allocated to advertising or other office expenses. Many law firms also take out loans to pay for this equipment, which can really put them in a bad position in the short and long-run.
Over time, this can really add up and create a big hole in your law firm budget. This hole in the budget can literally be a giant cause of much of the stress that can come with running a law firm.
If you break it down, the list is endless in terms of what most law firms need. Here are only some of the items you probably need for your law firm:
- Fax machine
- Copy machine
- Phone system
- Postage machine
- Office furniture
Instead of going to one of the local stores in town to buy these items new or running up credit, if the budget is crunched, be smart about it. There are lots of great webpages from ebay.com, craigslist.com or amazon.com (or other places online) where office equipment can often be purchased inexpensively compared to what it might cost in the store.
Oftentimes, these items may be bought used, refurbished or sold new at a discount. And, ultimately, they can get the job done for the time-being without causing a budget crunch.
If you have any thoughts, feel free to share them below.