window._mfq = window._mfq || []; (function() { var mf = document.createElement("script"); mf.type = "text/javascript"; mf.async = true; mf.src = "//"; document.getElementsByTagName("head")[0].appendChild(mf); })();
407-478-6600    Get SUPPORT

TaylorWorks Blog

Budgeting for IT Can Benefit Your Business’ Bottom Line

Budgeting for IT Can Benefit Your Business’ Bottom Line

Your business depends on a budget to come out in the black at the end of the fiscal year, and the way you invest that budget will have a considerable impact. As you create this budget, your IT needs to be one of your top considerations - after all, it is what effectively powers the modern business. Here, we’ll discuss how diligently incorporating your IT into your budget can help your business be more successful down the line.

How to Approach Your IT Spending
When determining an IT budget, perspective is an important part of the process. It can be tempting to view your IT as just another cost of doing business, but it really is more than that. Your technology (and the state it is in) has ramifications that spread to your entire business, so if it is lacking, everything will be. Employee morale will suffer, your productivity will slow, and your incoming cash flow will falter.

After all, an IT budget needs to account for a lot. There are the costs associated with acquiring and subsequently upgrading your information technology, as well as training your staff to properly leverage these solutions. However, a good IT budget will also account for the odd inconveniences that will require some financial spending to resolve. Furthermore, with your budget in mind as a reference, explore some of your options as far as cost-savings go… are you paying for more resources than you need? Are you leaving money on the table anywhere when those funds could be used more effectively contributing to another goal? While information technology is hugely helpful when leveraged properly, it can become a financial burden if over-invested (or even under-invested) in.

This is how you should actually consider your IT budget: an investment. While some of it will be classified as a business expense, much of your spending will be into endeavors that help your business, either by increasing efficiency or reducing waste. Either way, your IT can be used to put your company in a better financial situation.

Encouraging Financial Well-Being with an IT Budget
If you’re unsure of how to proceed with budgeting your IT, we’ve compiled a handy list of things you should (and shouldn’t) do during the process.

  • Have a set budget for your IT. In order for your business to be able to utilize the caliber of technology solutions it needs for success, you need to put forward the investment into those solutions.
  • Invest in business-enhancing solutions. Whether you’re boosting your internal productivity or fortifying your business against threats that could keep you from conducting business as usual, your IT budget should be spent in ways that directly benefit your operations.
  • Don’t shoot from the hip. Like we alluded to above, if you aren’t investing in your IT solutions correctly, you could find yourself in a worse spot than before. It is crucial that you go about investing in your IT strategically, directing funds to where they are needed and where they will help you to generate more revenue.

Alexa von Tobel, CEO of, said, “We all have pretty much similar dreams, and at the root of all those dreams is being able to be in control of your money.” We agree, which is why we’re dedicated to providing you with the most value in our IT services without emptying your coffers. To learn more about the easily-budgetable services that we have to offer, reach out to us at 407-478-6600.

Cybersecurity Industry Update
Tip of the Week: Avoiding Scams


No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Tuesday, November 13 2018
If you'd like to register, please fill in the username, password and name fields.

Captcha Image

Tag Cloud

Tip of the Week Security Technology Network Security Cloud Best Practices Privacy Managed IT Services Business Computing Hackers Data Backup Email Malware Data Recovery VoIP Hosted Solutions Data Mobile Devices Outsourced IT Innovation Tech Term Google Backup Hardware Internet Microsoft Saving Money Internet of Things Business Continuity Cloud Computing Software IT Services User Tips BDR Ransomware Communications Cybersecurity Smartphones Business IT Support Android Communication Efficiency Small Business Browser Managed IT Services Applications Cybercrime Network Chrome Workplace Tips Disaster Recovery Artificial Intelligence Productivity Gadgets Business Management Windows 10 Law Enforcement Computer Managed IT Router How To IT Support Data Security Avoiding Downtime Information Data Protection Virtualization Smartphone Collaboration Server Phishing Mobile Device Management Windows Money Two-factor Authentication BYOD Save Money Business Intelligence Computers Redundancy Connectivity IT Management Office 365 Telephone Systems App Bandwidth Remote Monitoring Proactive IT Facebook Miscellaneous Upgrade Mobility Social Media Document Management Spam Vulnerability Blockchain Identity Theft Compliance Word Training Alert Analysis Firewall Servers Passwords Apps Productivity Social Engineering Microsoft Office Automation Budget Data loss Mobile Computing Operating System Big Data Employer-Employee Relationship Value Website CES Sports Business Owner File Sharing Education Bring Your Own Device Holiday Solid State Drive Encryption Machine Learning Flexibility IT Plan Voice over Internet Protocol Managed Service Content Management Keyboard Windows 7 Password Networking Information Technology Unified Threat Management Comparison Private Cloud Workers Mobile Device Work/Life Balance Unsupported Software Paperless Office Access Control Data Storage Settings OneNote Smart Tech Virtual Assistant Wi-Fi Credit Cards Update Data Breach Scam Telephone System VPN Infrastructure Fraud Spam Blocking Criminal HIPAA Wire Tip of the week Workforce Health Office Tips Downtime Printer Worker Commute Practices Safe Mode Travel PDF Charger Technology Tips Computer Fan Camera Battery Accountants HVAC Mobile Legal Password Manager Entertainment Storage MSP Digital Signature USB Electronic Health Records Amazon Electronic Medical Records HaaS IT Consultant Bing Cables Google Docs Remote Computing Windows Server 2008 Telecommuting Users Mouse Hosted Computing Screen Mirroring Google Drive FENG Enterprise Content Management Professional Services Business Mangement HBO Windows 10s Remote Worker Recovery Sync Amazon Web Services Leadership Unified Communications Data Management Devices Smart Office Remote Work Administrator Inventory Cast Software as a Service Hard Drives Netflix Virtual Private Network IoT Password Management Tools Business Technology Wireless Gmail Addiction Outlook SaaS Windows 10 Wiring Strategy YouTube Telephony Online Shopping Computing Infrastructure Theft Thought Leadership Multi-Factor Security Proactive Regulations Current Events Microchip Save Time Government Cleaning Risk Management Cache Frequently Asked Questions Specifications Project Management Root Cause Analysis Patch Management NIST Public Cloud Recycling Cortana Audit GDPR Skype Evernote webinar Google Apps Streaming Media Software Tips Trending Remote Monitoring and Maintenance Augmented Reality Human Resources Students Knowledge Authentication Computer Care eWaste Wireless Internet Excel Millennials Warranty Virtual Reality Insurance Meetings Cryptocurrency Botnet Managed Service Provider Emails Wireless Technology E-Commerce Black Market Content Filtering Start Menu Wireless Charging End of Support Conferencing Content Filter Physical Security Lifestyle The Internet of Things Line of Business Instant Messaging Staff Healthcare Flash Network Congestion Marketing Hacker Search Engine Fiber-Optic Hacking Nanotechnology Data Warehousing WiFi Samsung Regulation Video Games Transportation Webinar Quick Tips Television Customer Relationship Management Books Fun Internet exploMicrosoft Competition How to IP Address Automobile Files Benefits IT solutions Office Public Computer Customer Service Printers Advertising Worker Best Practice Twitter Loyalty Troubleshooting Colocation Mobile Office Help Desk Domains Scalability History Smart Technology Relocation Emergency Search Rootkit Shadow IT Hosted Solution Employer Employee Relationship Public Speaking Experience Techology Humor Presentation Company Culture Internet Exlporer Computer Accessories Lithium-ion battery Content Music User Error Two Factor Authentication Utility Computing Politics CrashOverride Tech Support Hybrid Cloud Vendor Management 5G Assessment IBM Managing Stress Bluetooth Safety Audiobook Wearable Technology Hiring/Firing

Mobile? Grab this Article!

QR-Code dieser Seite