IT Budgeting Support

Ensure you have the right IT budgets in place to meet your goals.

IT Budgeting is More Complicated Than You Think

If you own a small to mid-sized business, you need two IT budgets. One for the routine expenses you’re going to incur in the current year, and one for all the capital investment required for your business to be alive and kicking next year.

With our IT Budgeting services, we can help you identify and allocate the right budgets to meet your goals now and in future years.

Why IT Budgeting Support Matters

Your IT is an ongoing investment. Without the right budgeting, you can easily end up spending much more than you expected.

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Missed goals

Without effective budgeting, you can run into roadblocks caused by not having the right IT in place.

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Financial stress

When your IT budget is not in line with your needs, you risk over or under-investing in your IT.

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Bad surprises

IT is a large investment. Not having the right budget allocation can damage your bottom line.

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Unnecessary headaches

Needing to suddenly find more money to replace critical IT can dramatically slow your growth.

Our IT Budgeting Process

Our IT Budgeting services are designed to ensure you have the right IT budget to meet your needs. We can provide you with:

  • A detailed roadmap for future IT investments
  • Guidance on the right technologies to meet your goals
  • Insight into new technologies worth investing in
  • A schedule for sunsetting or replacing IT

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From Our Blog 

Basic IT Budgeting for Small to Mid-Sized Businesses

 

If you own a small to mid-sized business, you need an IT budget.

Actually, you need two budgets – one for the routine expenses you’re going to incur this year, and one for all the capital investment required for your business to be alive and kicking next year.

Unless you’re in finance (or a big numbers nerd), this probably isn’t something you want to hear. Not just one budget for IT but two? You’ve already got enough on your plate just running the business day in and day out.

But here’s the thing: Investing in IT is about much more than hardware and software. The dollars you allocate will fuel your growth, keep your operations secure and running smoothly, and make it possible for you to lap the competition.

So how do you go about creating two IT budgets? What are the things you should, you know, be budgeting for?

 

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A fixed-fee subscription model provides cost certainty, allowing you to budget with confidence.
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A dedicated primary technician delivers white-glove service at every touch point.

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FAQs

What should my information technology budget be?
Determining your IT budget depends on several factors, including the size of your business, your industry, and your specific technology needs. Typically, businesses need two IT budgets — one for the routine expenses you’re going to incur this year, and one for all the capital investment required for your business in the next year.
What items are included in IT budgeting?

A comprehensive IT budget covers both operational and capital expenses. Key items to include are:

Hardware: Servers, workstations, laptops, mobile devices, and peripherals (e.g., printers, monitors).

Software: Licensing for operating systems, productivity tools, and specialized applications.

Cloud Services: Costs for cloud storage, software-as-a-service (SaaS) solutions, and virtual infrastructure.

Network Infrastructure: Routers, switches, firewalls, and wireless access points.

IT Support and Maintenance: Costs for troubleshooting, repairs, and ongoing support.

Cybersecurity: Anti-virus software, endpoint protection, firewalls, and employee security training.

Data Backup and Recovery: Solutions to ensure business continuity in case of data loss.

Training and Development: Employee training to ensure they are proficient with the tools and systems in use.

Emerging Technologies: Investments in AI, automation, or other innovations that can improve efficiency and productivity.

Why should I work with a managed IT services provider for my IT budgeting?

Partnering with a managed IT services provider (MSP) for IT budgeting offers several advantages:

Expert Guidance: MSPs bring deep industry knowledge and experience, helping you make informed decisions about technology investments.

Cost Efficiency: By analyzing your current infrastructure and needs, an MSP can identify areas to optimize spending and eliminate unnecessary costs.

Scalability: MSPs help ensure your IT budget aligns with your business growth plans, scaling resources as your needs evolve.

Proactive Planning: An MSP can anticipate future technology trends and challenges, ensuring your budget accounts for upgrades, cybersecurity enhancements, and compliance requirements.

Focus on Core Business: Outsourcing IT budgeting allows you to focus on growing your business while leaving the complexities of technology planning to the experts.