The average US small business spends 6.9% of its revenue on IT.
If you’re running a business, IT is becoming increasingly important. Every business relies heavily on technology and, at the same time, is extremely vulnerable to cyber threats.
You need IT professionals to set up and monitor your systems for potential threats, but how much should you spend? Every company’s IT requirements differ, but everyone needs to find room in the budget for IT support.
Today, we’ll tell you how to budget for more IT support and personnel. Keep reading, and you’ll see that finding the right IT team can be affordable.
Cost-Cutting Measures
One of the most important things you can do to bolster your budget is to cut unnecessary expenses. To do this properly and safely, you need to pay close attention to your spending. You can start by looking at your supply expenses, determining where you can get cheaper supplies and which ones to cut out entirely.
The other easy way to free up money is to cut production costs. If your business relies more heavily on IT, tracking your production efficiency is better. You may find that you can use equipment, space, and employees better to conserve more money.
Know Your IT Requirements
IT has many facets, so it’ll be important to prioritize certain components of IT that are more valuable to your business. For instance, if you manage a lot of customer data, you must prioritize cloud services and IT security.
Working with an IT service can help you understand your company’s IT requirements. They’ll examine your current IT infrastructure, help you prioritize its most important facets, and integrate technology that fits your budget.
Outsource IT Personnel
A huge problem for many small businesses is hiring in-house IT personnel or outsourcing it to a managed service provider. When you have in-house IT staff, you must pay them annual salaries, which cuts into your bottom line.
The frugal move is to outsource more IT support and only pay for your needed services. Managed service providers come with huge benefits, from affordability to more up-to-date knowledge.
IT Training for Employees
Most costly IT disasters happen as a result of human error. Another thing that a managed service provider can do is appropriately train your employees to prevent expensive mistakes.
Whenever you implement something new, you can call in added IT support to provide IT training to the whole company. In a roundabout way, this helps immensely with your IT budget.
Strengthen Your IT Team Capabilities Affordably
If your IT requirements are growing, it’s important to adjust your budget so that you have the support you need. Having a great IT provider by your side who can assess your IT needs and work with your budget makes running your business so much easier.
Pegasus Technologies serves Southeastern Pennsylvania and Northern Delaware’s businesses, helping them to grow safely and efficiently. To learn how we can help strengthen your IT capabilities in 2023 and beyond, contact us today.
