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Sometimes the scariest part of running a business is not knowing what tomorrow will bring, particularly when it comes to your IT. Break-fix IT is one of the leading causes of anxiety amongst small business owners, but it doesn’t have to be. Managed IT offers a reprieve from the chaos and the unknown so you can be confident about the direction your business is heading.

Prevention is better than a cure, as it prevents your business from ever experiencing the problem in the first place. This is especially true for your technology. When businesses invest in IT, they can do so for one of two reasons: they are repairing problems that are costing them in downtime, reputation, and capital, or they are actively preventing those problems through smart implementation of IT. Which side do you want to be on?

Many businesses think of IT as nothing but an expense, often represented by losses on your budgeting reports. You might dump countless dollars into your IT only for it to eat it all up without providing any discernible return on investment. Here’s the truth about IT: when it’s managed properly, it can represent opportunity and investment rather than expense.

Your business lives and dies by its budget, and its IT budget is no different. If you can get your IT budget under control, you can enjoy greater peace of mind and reassurance that your operations are as smooth as possible. Today, we want to look at three of the greatest factors that can contribute to an efficient IT budget: the IT roadmap, minimized downtime, and outsourcing IT. Let’s get to it.

The more money you throw at something, the more you hope that it will eventually deliver on the investment… but if you’re not getting the results you hoped for, you might be falling into the sunk cost fallacy. You might find yourself making illogical decisions based on the investments you’ve already made, and that doesn’t help anyone—in life or in business. Today, we want to discuss how you can free yourself from the sunk cost fallacy to make better decisions for your business’ IT solutions.

I have two questions for you.

Business technology is one of the greatest expenses in your budget, particularly when things don’t go according to plan. These are typically looked at as capital expenses, which means they are expensive and unpredictable by nature… but they don’t have to be. Today, we want to show you a different way of managing your IT that transforms it into a predictable operating expense.

Many businesses are under the impression that their IT, despite being a necessary cost, is just that: a bottomless pit for the company’s hard-earned money. However, this impression could be a sign that the business is not utilizing its technology effectively. Let’s look at three signs that your organization might need to reconsider its relationship with IT spending and how they contribute to your company’s overall impressions of IT (as well as its productivity).

While it might be tempting to take advantage of deals, sales, and even “free” technology, it’s crucial that you acknowledge you’re losing something valuable as a trade-off. The problem with tech is that “cheap” and “quick” doesn’t translate to “effective” and “valuable.” If you’re not careful, you might find yourself a victim of “tech debt,” an issue that can create serious problems for your business.

Experiencing downtime can severely harm your business. If you're not actively monitoring your network to minimize it, you're putting your operations at risk. Downtime refers to any period when your organization isn't functioning as intended, and it's crucial to manage it diligently. Failing to do so can lead to several challenging issues.