The ‘Forbes Technology Council’ reminds business owners to ask the right questions before making their next IT purchase: Is that hardware, program, or application “vital, a luxury, or redundant?”
Forbes: Under-capitalized SMB faces IT challenges
In general, larger companies have the financial where-with-all to maintain an in-house IT department, leaving the under-capitalized SMB owner in a “struggle to stay afloat” during a downturn.
“Lack of expertise” behind many outsourcing IT expenditures
Keeping up with the changes in technology can impact IT expenditures. The worst-case scenario is not knowing just how the purchase will ultimately help their business succeed.
Consequently, decision-makers can be “overwhelmed with choices,” and an overall “lack of expertise.”
Budgets consume business-critical systems
In fact, according to a recent Deloitte ‘Tech Trends’ report, it is not unusual for IT expenditures to consume “as much as 70%” of the budget just to keep “business-critical systems” up and running.
“Cheaper storage, cloud, and outsourcing have lowered…budgetary outlay(s) by 20 percent or more. Yet in an era of perpetually tight IT budgets, finding ways to redirect financial and human assets from operations to innovation remains a top…goal.“
Forbes favors outsourcing IT
Forbes recommends ‘outsourcing’ IT functions to help remedy cash-flow problems, or issues stemming from a business downturn. By offloading some, or all, of their IT operations to an experienced, MSP business owners benefit from having more time to run their business.
Ultimately, using a managed service provider (MSP) like BluWater Technology can not only reduce IT costs but can also add that next level of expertise to your operations. Ultimately, this leads to a “win-win scenario of saving time and money” while “improving team productivity.”
To find out how your business can operate more efficiently by using our MSP services, contact us. We help improve bottom lines by assigning fixed costs to some—or all—of a company’s IT expenditures.