These plans have become a moderately mediocre choice for several reasons. First, there is the $40 “activation fee” ($35 on Verizon), which is probably the most unfair, ridiculous tax in the whole company. When AT-T or Verizon announces a new phone for $200, they really mean $235 to $240. They hide only 15% of the cost in the fine print. Strategists finish their planning with the best and worst scenarios, but tend to focus on the most likely outcomes by testing their continuous business recovery and disaster plans. Developing plans for the most likely, while they have thought about the best and worst case scenarios, is often a more effective way to track planning around scenarios. We are looking at all three scenarios, but we are developing plans for what will affect us the most. Make sure that in the scenarios you will think about how your business would continue if the turnover suddenly dries up. How many weeks can you afford to pay your employees before difficult decisions are made? When it comes to paying bills, what are the chances of extending lines of credit or getting emergency credits to stay afloat? Since strong and thoughtful leadership is essential to guiding a company through difficult times, scenarios should determine who would take the lead if a business leader cannot work.
Clear succession plans for other key roles in the business should also be discussed. Identify critical functions and make sure that a backup plan or outsourcing partner is identified if something happens to people in those roles. However, payment plans allow you to exchange your phone for a new phone at an early stage, usually at the 12, 18 or 24 month mark, depending on the option you choose. On paper, this makes the payment plan cheaper than the two-year contract – according to our calculations, you save about $40 compared to a two-year contract if you trade with the 24-month bar. To better adapt the U.S. market to the rest of the world, Apple launched a new iPhone subscription plan this year. You pay Apple about $30 a month (prices vary depending on the model chosen) and you can update each year to a new iPhone. It`s more like renting a phone than owning it. But that`s a pretty good offer if you know you`ll update with every new iPhone.
There are many other monthly providers, such as Ting, Boost Mobile, US Cellular and Virgin Mobile, each of which offers prices comparable to cricket. In fact, the only vendors we advise from month to month are the big players themselves – especially AT-T and Verizon – who deliberately charge high monthly rates to prevent people from buying unlocked phones.