Contact us today!
561-795-2000 
844-795-2001

FRS Pros Blog

Can You Afford Your IT Initiatives?

Can You Afford Your IT Initiatives?

Your operations are, more or less, contingent on your budget. As such, your business will rely on its budget to guide it fiscally through the next year of operation. Unfortunately, IT resources care little about your budget, and you can see this in how unpredictable it can be. We’ll discuss ways that you can keep your IT budget from breaking the bank, as well as how you can improve success over time through proper management of your IT assets.

How to Approach Your IT Spending
It might seem like IT is simply another cost of doing business, but we urge you to resist the temptation to lump it in with resources like electricity and air conditioning. Instead, you should consider how your technology (and its current state of being) affect your organization in the grand scheme of things. If your technology doesn’t work properly, your employee morale could suffer, as well as productivity slowing to a halt. Your income could be affected as well, creating a major issue for your business.

An IT budget needs to take a lot of information into account. There are countless costs that can be associated with information technology, and that’s without mentioning what it takes to train your staff to actually take advantage of these solutions. The right IT budget will also include even minor inconveniences that come from setbacks you could potentially increase. For example, are you paying too much for a multifaceted solution when in reality you only need one of its features? Are you throwing away money on unused solutions that could be better spent elsewhere within your organization? Even if you have technology solutions for your business, they are only as effective as the way you’re using them.

Overall, you should consider your IT budget an investment. Some of it might be seen as a business expense, but overall, much of the spending will be dedicated to eliminating waste and unnecessary expenses. No matter how you see it, your IT should be used to put your business in a positive financial situation.

Encouraging Financial Wellbeing with an IT Budget
If you don’t know how to proceed with developing an IT budget, we’ve put together a list of topics to consider:

  • Have a set budget for your IT: If you’re going to implement solutions, you should have a set budget for your IT that cannot be exceeded so as to preserve funds for other endeavors. Invest in business-enhancing solutions: Whether it’s boosting productivity or protecting against threats, you’re trying to improve your organization. Your IT budget should be dedicated to preserving this status-quo.
  • Don’t shoot from the hip: If you’re not investing in IT properly, you could wind up in a nasty situation where your IT spending is actually holding you back. You should invest funds to where they need to go, but most importantly where they can make you more money.

Does your business need help with managing an IT budget? FRS Pros can help. To learn more, reach out to us at 561-795-2000.

Tip of the Week: How to Spot a Scam
Is a Better Camera a Good Reason to Buy a Smartpho...
 

Comments

No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Guest
Tuesday, May 21 2019

Captcha Image

Mobile? Grab this Article!

QR-Code

Tag Cloud

Tip of the Week Security Technology Best Practices Privacy Internet Network Security Business Computing Productivity Google User Tips Cloud Business Management Hackers Innovation Tech Term Microsoft Hardware Software Mobile Devices Efficiency Computer Browser Hosted Solutions Data Backup Malware Windows 10 Smartphones Cybersecurity Smartphone Data Recovery Data IT Services Office 365 Windows Internet of Things Android IT Support Outsourced IT Backup Email Apps Data Security Communication Cybercrime Upgrade Network Disaster Recovery Business Continuity Communications Workplace Tips VoIP Operating System Gadgets Money Business Phishing Alert Small Business Law Enforcement Ransomware Saving Money Mobile Device Management Vulnerability Users Server Chrome Collaboration Best Practice Microsoft Office Artificial Intelligence Automation Managed IT Services Passwords Miscellaneous Managed IT Services Information Social Media IT Support Cloud Computing Spam Virtualization Employer-Employee Relationship Applications Wireless Blockchain Telephone Systems Tech Support OneNote Two-factor Authentication Holiday Information Technology Managed Service Provider Managed IT Networking Word Windows 10 Unsupported Software Bring Your Own Device Save Money App Computers Facebook Health Router Google Drive Search Business Technology Avoiding Downtime Mobility Touchscreen Data Storage Travel File Sharing Application WiFi Excel Productivity Fraud Encryption Mobile Device Sports Safety Audit Telephony Evernote Data Protection User Error Meetings Password Government Risk Management Cortana Access Control Robot Managed Service IT Management Hacking Printing Cost Management The Internet of Things Mobile Security Augmented Reality Conferencing Gmail Wi-Fi Update WannaCry Commerce VPN iPhone Google Docs Project Management Google Assistant Shortcut Patch Management Wireless Charging Politics Devices Hybrid Cloud BDR Budget Proactive IT SaaS Data Breach Wireless Technology Quick Tips Data Management Hosted Solution Streaming Media Specifications Lithium-ion battery Virus Gamification Keyboard Shortcuts Microsoft Word iOS WIndows Server 2008 Laptop Accessory PC Transportation Software as a Service 5G Legal HBO Apple Access Hard Drive Display Private Cloud Virtual Assistant E-Commerce Antivirus Windows 10s Tablets Maintenance Chromecast Testing Computer Care Nanotechnology Sales Proactive Memory Human Resources Screen Mirroring Storage Social Engineering Touchpad Computer Forensics Peripheral Battery Paperless Office Unified Threat Management Sync Going Green Social Bandwidth YouTube Solid State Drive Edge Internet Exlporer Chromebook Co-Managed Services Hacker FAQ Alexa for Business Payment Cards NFL eWaste Camera Emergency Root Cause Analysis Retail Websites Financial Payroll Emails Cast Computer Fan Identities Uninterrupted Power Supply Humor Management Point of Sale Upgrades Employees Hard Disk Drive Data Loss Ciminal Telephone Charger Employee Entertainment Device Security Projects Data Theft Personal Information Security Cameras Identity Theft Marketing BYOD Vendor OneDrive Legislation Language PowerPoint Admin Office Adobe Workers IT Solutions DDoS Hyperlink Files Reputation Break/Fix Windows Ink Recovery Data storage Identity Gifts Computing Disaster History Machine Learning Vendor Management Webinar Employee-Employer Relationship Voice over Internet Protocol Comparison Wireless Internet Saving Time Scam Consultant Licensing Updates Remote Computing Microsoft Excel IT budget Value Wasting Time Education Sabotage Remote Monitoring Outlook Medical IT Google Maps Spyware Administrator Data Privacy Settings Windows 7 Credit Cards App store Amazon Downtime Samsung IT solutions Current Events Electronic Medical Records Company Culture Crowdsourcing Employer Employee Relationship Thank You Twitter Office tips Benefits es Phone System Advertising Save Time Computer Accessories Music Congratulations Smart Technology Flexibility Instant Messaging End of Support HaaS Scalability Analytics Relocation Keyboard Black Market Cleaning Big Data Automobile PDF Managing Stress Cache Compliance Printers USB Worker Mobile Computing How To Books Training Monitors Text Messaging Hiring/Firing Regulation Video Games Experience Virtual Reality Television CrashOverride Work/Life Balance