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
Wednesday, January 16 2019
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 Cloud Network Security Best Practices Business Computing Data Backup Managed IT Services Privacy Hackers Hosted Solutions Malware Data Recovery Data VoIP Mobile Devices Email Outsourced IT Google Tech Term Innovation User Tips Internet Microsoft Internet of Things Business Continuity Cloud Computing Backup Hardware Software Communications BDR IT Services Saving Money Business Communication Ransomware Efficiency Cybersecurity IT Support Small Business Android Router Artificial Intelligence Productivity Smartphones Managed IT Services Smartphone Cybercrime Windows 10 Network Workplace Tips Chrome Disaster Recovery Browser IT Support Applications Law Enforcement Phishing Managed IT Gadgets How To Business Management Computer Server Money Save Money Computers Data Security BYOD Data Protection Office 365 Blockchain Access Control Avoiding Downtime Holiday Spam Mobility Information Mobile Device Management Word Virtualization Mobile Device Collaboration Two-factor Authentication Windows Business Intelligence Passwords Vulnerability Firewall Settings Apps Connectivity Training Alert Productivity Redundancy IT Management Encryption Machine Learning Social Engineering Voice over Internet Protocol Miscellaneous Software as a Service Automation Telephone Systems Upgrade Social Media Identity Theft Analysis App Remote Monitoring Proactive IT Document Management Facebook Bandwidth Servers Wi-Fi Compliance Managed Service Workers Fraud Data loss CES Sports Scam Virtual Assistant Hacker OneNote File Sharing Mobile Computing Budget Microsoft Office Google Docs Content Management Telephone System Data Breach Big Data Website IT Plan Windows 7 Spam Blocking Paperless Office Business Owner Comparison Education Bring Your Own Device Employer-Employee Relationship Telephony Smart Tech Unsupported Software Value Operating System Data Storage Google Drive Human Resources Keyboard Solid State Drive Flexibility Credit Cards VPN Work/Life Balance Password Update Infrastructure Information Technology Unified Threat Management Botnet Networking Private Cloud Criminal Wire Patch Management Business Technology Security Cameras Start Menu Wireless Charging Practices Safe Mode Risk Management Computing Infrastructure Virtual Private Network Augmented Reality Physical Security Lifestyle Shortcuts Flash SaaS Accountants HVAC Wiring Wireless Technology Data Warehousing WiFi Password Manager Storage Tip of the week Workforce Cleaning Digital Signature Electronic Health Records Proactive Travel Current Events Cables Public Cloud Microchip Virtual Reality Cortana Marketing Mobile Hosted Computing Project Management The Internet of Things Black Market Content Filtering eCommerce Amazon Audit Enterprise Content Management GDPR webinar Business Mangement Windows Server 2008 Telecommuting Computer Care Hacking Remote Monitoring and Maintenance Screen Mirroring Knowledge Unified Communications Devices Instant Messaging Managed Service Provider Emails Smart Office Worker Commute Professional Services Inventory HIPAA End of Support Warranty HBO Battery Social Users Sync Amazon Web Services IoT Password Management Legal Entertainment E-Commerce Conferencing Gmail Addiction Search Engine Remote Work Samsung Strategy YouTube Health Office Tips Line of Business Cast Network Congestion Theft Thought Leadership USB PDF Charger Technology Tips Tools Downtime Remote Computing Printer Outlook Vendor Online Shopping Computer Fan NIST HaaS Camera Multi-Factor Security Recycling Cache Bing Regulations Data Management MSP Wireless Government Electronic Medical Records IT Consultant Google Apps Streaming Media Recovery Students Root Cause Analysis Authentication Mouse Windows 10 Frequently Asked Questions Specifications Display Skype Evernote FENG Insurance Cryptocurrency Software Tips Trending eWaste Wireless Internet Help Desk Windows 10s Remote Worker Leadership Content Filter Hard Drives Millennials Netflix Staff Healthcare Save Time Meetings Fiber-Optic Nanotechnology Administrator Excel Rootkit Tech Support Content Techology 5G Employer Employee Relationship Humor Safety Music IBM Employee/Employer Relationship Politics Internet Exlporer Audiobook User Error Computer Accessories Twitter Customer Relationship Management Competition Two Factor Authentication Wearable Technology Hybrid Cloud Utility Computing Vendor Management Transportation Smartwatch IP Address CrashOverride Video Games Books Hiring/Firing Assessment Bluetooth Customer Service Automobile How to Webinar Benefits Quick Tips Regulation Mobile Office Fun Internet exploMicrosoft Television Best Practice Domains Company Culture Files Troubleshooting IT solutions Smart Technology Office Scalability Advertising Emergency Public Computer Colocation Printers Public Speaking Worker Loyalty Managing Stress History Presentation Shadow IT Hosted Solution Relocation Lithium-ion battery Experience Search

Mobile? Grab this Article!

QR-Code dieser Seite