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IT Budgeting – Made simple for SMB’s

IT Budgeting:
Made Simple for SMB's

According to a recent study conducted by Small Business Loans Australia, put simply – money is a bit tight for many small to medium enterprises (SMEs). In facing rapidly rising levels of inflation and interest rates, 76 percent of SMEs admitted they are feeling the pinch.

Subsequently, there’s increased weight in being completely on top of your business expenses. Spending in IT is no different. You have to do it, so the best thing you can do is accurately budget for these expenses. And as we’ve seen with Optus and Medibank, if you try and cut corners in your IT budgeting, it will eventually cost you and your business much, much more. 

Do you find budgeting for IT challenging? If so, you aren’t alone.

While the IT budgeting process can be complex for small businesses, it can be particularly arduous for those trying to do it all by themselves. With so many elements to consider, such as routine/ongoing IT services, projects, updates, and accidents/incidents, it can be difficult to prioritise each and everything and still have adequate finances left for other channels of your business.

Our prescribed solution for easy IT budgeting at Step Fwd IT is simply to partner with us. We know it seems biased but can help you budget for all your IT needs — both big and small. Above all else, we can help you uncover ways to save funds in your IT budget.

How can we help...

Assessing your Business

Through numerous assessments, we’ll work to understand your business’s specific technology requirements. Subsequently, this facilitates our ability to recommend solutions that bolster efficiency.

Firstly, we can deliver support and maintenance for your business’s IT infrastructure. Our services may include making sure your systems are up and running smoothly and helping with any technical problems you may encounter.

Also, we can help you project for future growth by examining your business’s long-term needs and suggesting solutions in alignment with that vision. Collaborating with us allows you to rest assured that you have the right technological tools and support to be successful.

Developing an Annual Technology Plan based on your Needs and Goals

We can construct an annual IT budgeting plan based on the needs and goals of your business. This plan can also ease the implementation of these technologies in ways that meet your budget and time constraints. We’ll even assist with troubleshooting issues and ensure your technology infrastructure is consistently functioning adequately.

Offering a Flat Monthly Price for Everything

We can offer a fixed monthly rate for our services, helping you create an accurate budget and estimate your monthly IT expenses with precision. It may seem obvious, but having consistent pricing allows for a much more structured budget. Believe it or not, this is not something you can always get from an IT provider, but you can with us.

Let's join forces to make sure your Business Succeeds

Technology is constantly evolving and keeping up with the latest trends can be demanding. A technology budget can help ensure your company has the necessary resources to stay ahead of the curve.

This is the second installment of our Tech Budgeting blogs, so if you want to know more on the topic, our IT Budgeting page is a great place to start! Whether you use it for some light technological reading or want to know more about our IT Budgeting practices, we think it’s a great platform to grow our IT partnership from.

Contact the Step Fwd IT Team today to set up a consultation!

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