Contact us today!

Network Solutions Unlimited 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? Network Solutions Unlimited can help. To learn more, reach out to us at 217-428-6449.

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


No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Monday, February 18 2019

Captcha Image

Mobile? Grab this Article!


Tag Cloud

Monitoring Operating System Thank You Identities Technology Training Commerce Computer Forensics Network Security Audit Data Upgrade Company Culture Websites Utility Computing Small Business Information Monitor Computing Content Filter Experience Assessment Proactive IT Mobile Security Blockchain Cache Advertising Privacy Hybrid Cloud Employee Security Legal Risk Management Facebook Adobe Touchpad Hackers Vendor Ransomware Safety Windows 7 Microsoft Word HaaS Malware The Internet of Things Wi-Fi Maintenance Remote Monitoring Computer Fan Update Two Factor Authentication Remote Workers Compliance BYOD Battery Save Money eWaste Sync Employee-Employer Relationship Alert Value Personal Information Antivirus Server Instant Messaging Law Enforcement Windows 10 Peripheral Books Government Samsung Security Cameras Passwords Specifications Social Media Chromecast Applications Phone System Comparison SaaS Wasting Money Application Managed IT Service Camera Windows Ink Content Best Practice Windows 10s Tech Support Automation Relocation Money How to Customer Google Electronic Medical Records CrashOverride Automobile Politics Backup and Disaster Recovery Two-factor Authentication Workers Cleaning Computers Laptop Mobile Tip of the Week Backup SMB Excel Cost Management User Error PowerPoint Microsoft Office Monitors Scam Innovation IT Support HIPAA History Miscellaneous Tablets Lifestyle Machine Learning Sales Admin Google Assistant Public Cloud Router WiFi Computer Care Nanotechnology Users Worker Commute Data storage MSP Smart Tech Root Cause Analysis Wireless Information Technology Password Files Software as a Service Hardware Data Theft Network NFL IT Service Patch Management Smart Technology Professional Services Emails Smartphone Managed IT Services Windows How To Computing Infrastructure Device Security Keyboard Updates Devices IT budget Augmented Reality Avoiding Downtime Television Cloud USB Google Maps Project Management Flexibility Microsoft iPhone Mobile Devices Search Travel Display Credit Cards Firewall Productivity App Business Technology Solid State Drive Efficiency Communication Employer Employee Relationship Budget Meetings Memory Ciminal Streaming Media Alexa for Business Computer Wireless Technology File Storage Remote Computing Private Cloud FAQ Internet of Things Emergency Hard Drives Legislation Content Filtering Outlook Outsourced IT Internet Computer Accessories Vulnerability Data Recovery BDR Wireless Charging Managed IT Data Backup Managed Service Scalability OneNote Bandwidth Troubleshooting Best Practices Financial Technology Printers Regulation Hosted Solutions Rootkit Managing Stress Virtualization Cloud Computing Worker Transportation E-Commerce Human Resources Spam Email Google Docs Hacking Unified Threat Management Consultant Vendor Management Reputation Storage Hard Disk Drive Proactive Identity Theft Retail Quick Tips Conferencing Data Storage Touchscreen Connectivity Workplace Tips IT Management Hosted Solution Charger Wasting Time Edge Mobile Device Management IT solutions Bluetooth Hiring/Firing Payment Cards Accessory Spam Blocking Video Games Holiday Business Owner Save Time Education Co-Managed Services VoIP Document Management Communications Analysis WPA3 IT Solutions Collaboration Licensing Big Data Cybersecurity Financial Cortana intranet Productivity Loyalty Robot Amazon WIndows Server 2008 Physical Security Managed IT Services File Sharing Windows 10 Software hacker Apps Congratulations IT Services Benefits Mobile Device Fraud Twitter Artificial Intelligence Management Unsupported Software Virtual Assistant Business Management Gamification Data Security Humor iOS Public Computer WannaCry Office Tips HBO Encryption Shadow IT Spyware Downtime Entertainment Gadgets Browser Mobility Techology Data Management Telephone Systems Shortcut Saving Time Going Green Hyperlink Employer-Employee Relationship Paperless Office IoT Virus Office Screen Mirroring Black Market Networking Virtual Private Network Data Loss Tech Term Business Keyboard Shortcuts Word Microsoft Excel Phishing Business Continuity Dark Web Recovery Data Protection Students User Tips Bring Your Own Device Business Computing Language Data Breach Telephone Wireless Internet Health Smartphones Upgrades Unified Communications Colocation Gifts Office 365 Hard Drive Cast Audiobook Managed Service Provider PDF Work/Life Balance Marketing Evernote Administration Social Engineering App store Projects Payroll Apple VPN Cybercrime Printing IT Support Virtual Reality Google Drive Settings Webinar Chromebook Disaster Recovery Internet Exlporer Sports Testing Data Privacy Business Intelligence Chrome Android Redundancy End of Support Saving Money Identity Internet exploMicrosoft Access Control Gmail