What`s the matter? Important: Are devices included in your purchase? A device audit documents computer devices (PCs, printers, laptops, servers, electrical panels, phones, etc.). In addition, you will get a signed agreement of the seller`s item specifications for each device included in the purchase. A common business practice – particularly in franchises or firms – is to replace new appliances or appliances just before being handed over to new owners. The above points cover the basic computer information that you need to consider before buying a practice. Please use this list as a help to talk to your IT provider. Or call itro and one of our engineers will be happy to help you better understand what you need to know about IT before buying a firm. Wiring: Does the practice have a business-grade wiring infrastructure and does it work well? Is the wiring up to the corresponding codes? Should we update the wiring or network fabric? These can have a big influence on the speed of the network. Imagine if you want to buy a practice. The first question you`re probably going to ask yourself is “Why is the practice for sale?” Often, when firms are on the market, it is because their IT systems are lagging behind. Owners have discovered that they need to update their systems or software to stay competitive, or, practice can lose customers because the software they use slows down their processes. Internet: What type of Internet connection is available in the website/practice you buy? Is the Internet available? Some Telco exchanges do not have the capacity for new connections.
While other connections may be available, the additional costs can be prohibitive. The question of what type of connectivity is available is just as important as the “if” question, especially when your practical modeling depends on fast internet speeds up and down. Have you included the cost of device upgrades in your purchase price? A computer expert can tell you what is current, is at the end of your life and what you should spend to get the systems your practice needs. Identifying the costs that can be incurred during the first twelve months of operation can help you establish a realistic IT budget and open up the possibility of renegotiating the purchase price. Guarantees: What guarantees, if any, come with the devices you buy? Do you buy business class or home-use devices? Make sure you get what you pay for! Is this the kind of practice you want to own or buy? Not really. Here`s an essential it-due diligence checklist: Printers: Will the printers you buy work with the software you use? It`s important! Sometimes the only way to solve compatibility issues between software and printers is to buy new printers or pay hours for support. Is the practice burdened with legally binding contracts (e.g.B. Practical Management/Service/Software/Communication/Cloud) that you have been forced to pay? If there are contracts, they support an early exit and how much does it cost you? Does the sale price include software licenses such as Microsoft Office, Windows, practice management software, business applications, accounting software, preview software and more? Getting a professional understanding of computer equipment, contracts, connections that exist (or not) can decisively change the profit potential of a practice over a period of 12 to 24 months.
And the best? This process adds enormous added value to your business. What for? Indeed, if you are considering buying a new practice or merging with a new practice, due diligence of computer systems and technologies can help you understand what you are buying and inheriting if you take over a business.