When you run a business, solid decision making is crucial to achieving success. This goes from hiring and managing your staff, choosing the right prospects, supporting your customers, and procuring tools and resources that make your business possible. Today, technology is not only important, it is a major consideration when determining your yearly budgets. Let’s go through a couple of tips on how to make the best technology decisions for your company.
Despite hearing about a constant stream of cyberattacks over the past few years—most of which cause millions of dollars of damage to businesses—it might still be difficult for you to justify spending a lot of money on your business’ cybersecurity plans. There is a finite amount of capital to go around and many times CIOs and network administrators will be rebuffed by management when asking for money to spend on cybersecurity. Today, we thought we’d discuss three ways that you can spend on cybersecurity initiatives and not feel like you are throwing your money down the drain.
Running a business can be stressful, and if you can’t find time to juggle the countless variables that are at play every day of the week, you’ll quickly find yourself falling behind what needs to be done. Technology is one such area where falling behind is easy, especially when it comes to purchasing and implementing new tools. Unfortunately, your IT budget is not limitless, so how can you make the most of it? Let’s take a look.
How often over the past year or two have you gone to replace a device on your infrastructure, only to find that the price has increased or the device simply isn’t available? This is an issue with the current hardware shortage, particularly for business electronics. Since businesses depend on technology, it becomes critical that you understand how this shortage impacts your day-to-day operations.
When it comes to procuring technology and working on technology projects, budgeting is a key issue that must be ironed out long before project implementation begins. This process can be troublesome and fraught with all sorts of challenges, but you don’t have to do it alone! We’ve got your back. Here’s a crash course on how you can manage your IT budget for maximum value.
When you’re planning your business’s technology ventures, how often does your IT budget become a major deciding factor? Chances are that it clings to you like a ball and chain. Wouldn’t it be nice to free yourself from something so limiting? We’ve compiled three ways that you can take some of the strain off of your IT budget.
With the COVID-19 outbreak forcing businesses into unenviable situations, it’s probably not surprising that business owners and decision makers are looking at what expenses they need to cut in order to keep their businesses afloat. Today, we’ll discuss the trends we are seeing and how managed IT services can be a godsend in situations like this.
While technology has helped millions of businesses from all over the world stay relevant during the pandemic, we’re seeing that IT is one of the elements of a business that is seeing the most spending reduction. After all, most businesses have to cut some costs just to make everything work. Furthermore, analysts are saying that after the outbreak ends, the remaining recession will actually cut IT expenses by two or more percent for the next year. For an industry that has seen spending rise by five or more percent for each of the past eight years, that is problematic.
To sustain profitability businesses will need to free up as much capital as they can during times like this, and many businesses including ones that operate in the hospitality and manufacturing industries are already seeing massive declines in revenue. This suggests that their 2020 and 2021 spends will probably be less than their 2019 spends.
This means that many businesses will be cancelling their planned technology projects, especially if they are non-essential. They are using this capital to improve their liquidity and to fund the transitions necessary to support their newly remote workforce.
If your business is looking to make some cuts to your operational technology, choosing the right IT service provider can be a great solution. Not only will you be able to maintain your current IT infrastructure, but a managed IT service provider (MSP) can help you find and implement the solutions you are going to need to get through this situation.
Let’s start with the remote workforce. Before the pandemic only around eight percent of full-time workers were able to have the flexibility to consistently work from home. With states mandating people stay at home during this situation, telework has exploded. If your company was one of the few that provided telework options before the stay-at-home orders hit, you probably have had a much easier transition to supporting a completely remote workforce. Most businesses, however, didn’t, and are seeing that setting this up properly isn’t terribly cheap.
The challenges of supporting a staff that works remotely aren’t necessarily the same as you would have envisioned. Many businesses didn’t provide the work-from-home flexibility out of the fear that they would lose substantial amounts of productivity (and therefore revenue). While this is still somewhat of a concern, most workers that work remotely understand what their responsibilities are and go above and beyond to ensure that they aren’t the weak link. It's been said multiple times over the past several weeks, but if you have an employee that does not work well from home, it's a pretty good bet that he/she wasn't working that well from the office, either.
One consideration that does have to be made, however, is how to secure your endpoints and data-in-transit. If this wasn’t already a main consideration of your disaster recovery policy, it will be now. Working with remote access and virtual private networks can go a long way toward mitigating the risk your company will see. An MSP can quickly help you find solutions that will not only keep your data safe and protect your existing infrastructure, it can provide you with new and affordable tools to leverage to keep your business compliant of the regulations your business falls under.
What’s more, with the use of a state-of-the-art monitoring and management platform, the trustworthy MSP continuously monitors your network and infrastructure to ensure that everything is working properly, efficiently, and securely. In times like this, when there are files coming in and flowing out of your network, knowing that you have professional technicians versed in contemporary knowledge of threats and inefficiencies, alike, can be a huge benefit for your business.
Finally, an MSP does all this (and more) for a fraction of the cost of paying an onsite IT department (who would be working from home right now anyway). An MSP will help you reduce downtime, keep your network and infrastructure working effectively and securely, and do it for a static monthly cost. This allows you to cut your IT support costs and have a number that won’t change from month-to-month.
If you would like more information about how managed IT services can help your business in this time of crisis call The Connection, Inc today at (732) 291-5938.
Wouldn’t it be nice if you could provide your staff an over-the-top benefits package similar to what Google offers their employees (aka, “Googlers”)? For most SMBs, making Glassdoor’s annual list of “50 Best Places to Work” (a list routinely dominated by Google) is a fantasy; primarily due to the fact that the average enterprise operates within the confines of a strict budget. As the owner of an SMB, this reality often means making tough decisions and budget cuts.
Putting together an IT budget is an exceptionally tricky procedure. Every year presents unique technical challenges that need to be addressed, but the slightest miscalculation can be detrimental to an IT budget. Here are five tips to give your organization some breathing room when it comes to planning out next year’s IT expenses.
Chances are that when you begin going through your expense reports, one of the most glaring expenses your business has is payroll. It is possibly the most crucial cost you will be subject to. In fact, small businesses need to realize that by hiring employees, a large portion of your operational budget is out the window. To properly grow a business, you may need to take an alternative view to the traditional business model; including your technology management.
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