Running a small business is tough. You’re probably not making much profit, and to make even those slim profits you have to squeeze the absolute most out of your resources. It’s easy to see why small business owners don’t want to fork over hundreds of dollars for new computers, smartphones, and tablets when what they have now is working “good enough”.

Stingy small business owners should be aware that buying the latest technology is not all about keeping up appearances with shiny new laptops and smartphones stuffed with the trendiest of apps. Skimping on tech updates will eventually cost money in the long-term, even if you are saving in the short-term by not spending capital now.

Here are 4 signs it’s time to bite the bullet and whip out the wallet to upgrade the technology used by your small business.