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5 Reasons SMBs should Budget for Technology in 2017

December 30, 2016

As 2016 winds down and 2017 revs up, businesses are hunkering down and preparing budgets, looking at resources and carving out new plans for the year ahead.  Often, one of the major areas that gets left out of all this important planning is technology.

 

To say it’s important for businesses to take into account their technology needs is an understatement.

 

In truth, it’s absolutely vital.

 

Creating a technology plan is a way to zone in on your company’s mission, goals, and strategies. This includes potential technology upgrades, replacing of hardware/software in the event of a meltdown, other IT services, etc.

 

If this all of a sudden has you worried because your business’s budget isn’t finished, or if you only have a rough outline that does not include technology needs, don’t fret. It’s not too late.


Here are 5 reasons why you should consider making room in your budget for technology:

  1. Your hardware is depreciating: Most businesses gauge hardware to be half as old as it really is, which would make a 5-year-old server really somewhere around 7-10 years old. It’s not a good idea to wait until servers crash and need to be replaced, which could set business back days or even weeks at a time, resulting in loss of revenue, productivity and time. With DTCI as your IT partner, your equipment asset purchase date, and configurations are well documented.
     
  2. Keep equipment performance high: Businesses need to know the purchase date of workstations, laptops, servers, switches, firewalls and wireless access points. Keeping your old equipment around might seem like it’s saving you thousands, but maintenance is not free. Maintenance costs still need to be factored into your technology budget. DTCI can help devise a proactive plan to get ahead of perceived maintenance costs, or show you how upgrading your hardware can improve productivity and increase revenue.
  3. Paint a much stronger vision for your business: Technology budgeting can lead to more strategic business planning processes. It increases productivity while decreasing cost. With DTCI as your IT partner, your needs are pinpointed, specific to your employees’ productivity, without getting a bunch of bells and whistles that you don’t need. As a result, your business will increase its market position.
  4. Better understand your costs: Hardware is the least expensive cost of IT management and tech costs in the grand scheme of things. However, the costliest aspect is loss of productivity and business due to a hardware crash. Without a reliable IT partner or technician, your risk of downtime increases incrementally. And while your technical support is the second most costly aspect of IT, its impact on revenue, productivity and company reputation is worth paying for.
  5. Spending predictably: DTCI can make a plan that works with your budget. This includes a fixed monthly cost in order to minimize surprises. Technology is going to cost your business money one way or another. But, it’s better to have a plan for what that money is going to do for your business rather than just “winging it.” Budgeting for technology needs, crises and intermittent upgrades is important because it allows businesses to control costs instead of the circumstances controlling it.

Budgeting can be stressful. But instead of facing a crisis in which specific hardware or software unexpectedly goes kaput, isn’t it better to be proactive now and know that just in case the worst happens, there are funds available?

 

At DTCI, we offer complete and reliable IT Managed Services for a fixed-rate fee to small and medium sized businesses who value comprehensive, ongoing IT support. When you opt for IT Managed Services for a flat-rate fee, you are getting comprehensive 24/7 year-round support that encourages the most from your technology.

 

We ensure that all equipment is running optimally and that you have the right technology as well as security solutions that protect your network infrastructure. We conduct quarterly reviews to develop ongoing strategies that serve your company’s growing needs as well.  This is a partnership you can count on and budget for with ease.

 

 




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