Running a business can be stressful, and if you can’t find time to juggle the countless variables that are at play every day of the week, you’ll quickly find yourself falling behind what needs to be done. Technology is one such area where falling behind is easy, especially when it comes to purchasing and implementing new tools. Unfortunately, your IT budget is not limitless, so how can you make the most of it? Let’s take a look.
When you need to make your investments count, it can often be difficult to make large purchases without a little bit of reticence. You should first determine where your business could benefit from technology spending, then make implementing these solutions a priority. If you can address inefficiencies in your operations, you’ll be more likely to gain more from your technology and, thus, make the investment worthwhile.
For example, if you have ten employees and two of them have two displays, then these two employees are likely getting more work done than the rest of your employees. If you can invest in eight more monitors, then you can exponentially increase productivity for the entire crew, making the investment an excellent way to reduce inefficiencies. There are tons of other ways your business can use this principle to make the most of its technology budget—you just have to think a little outside the box and examine the baseline operations of your infrastructure.
You can invest in technology, but you can also invest in something which is less likely to break down and require replacing eventually: training. If you purchase new technology or equipment, your employees will need to know how to use it. By ensuring that your employees are properly trained, they’ll be more likely to yield a return on investment for your new technology solutions.
What it really boils down to is that the better your employees are at doing their jobs, the more money they will save you in the long run. By training your employees, you are giving them access to knowledge and tools that will aid them while going about their duties. In fact, according to a study conducted by the Association of Talent Development, companies that invest in comprehensive training programs see 218 percent higher income than those that don’t.
Furthermore, today’s threat landscape is so advanced that your employees will need all the help they can get to avoid falling prey to a hacker or other advanced cyber threat. If you invest in security training now, you can save money by preventing security breaches in the future. Plus, it will help you maintain customer relations; nobody wants to work with a business that doesn’t take security seriously, after all.
Outsourcing can be an effective way to take advantage of goods or services you wouldn’t otherwise have access to. It effectively gives you access to more for less, and it helps to control costs in the budgeting process. In particular, outsourcing technology services can be an effective way to keep your IT in proper working order. Through managed services like those provided by Virtual Business Solutions, you can utilize all kinds of technology solutions that you might otherwise have difficulty implementing with limited resources at your disposal.
One common way that businesses outsource is with their cloud platform, but the cat isn’t out of the bag yet in regards to how much ROI you actually get from implementing it. Still, the fact that outsourcing gives you access to solutions you wouldn’t otherwise be able to manage is more than enough reason to consider it. Outsourcing your cloud, for example, gives you the ability to scale your services per user or per GB used, so you can still leverage the services according to your operational needs.
If you partner with a company like us, you can take advantage of several services designed to help your business thrive and gain value from technology. Here are some examples:
Even without a huge IT budget, your business can be successful and innovative. To learn more about how you can accomplish this, reach out to us at (504) 840-9800 ext. 105.