Small Business Budgeting for Your IT Spend

IT Budgeting

The Real Cost of Small Business IT

The ever-changing landscape of Information Technology demands adaptation from
everyone, whether it be just for daily life, or for business. It is rapidly making things easier, more secure, more accurate, and if you can’t keep up, you can fall behind in the blink of an eye. Small businesses are becoming increasingly reliant on IT to streamline operations, enhance productivity, and stay competitive in the market. However, the challenge lies in finding the right balance between investing in IT infrastructure and managing associated costs.

Small businesses typically spend a significant portion of their revenue on information technology to ensure high-quality infrastructure and support. According to various sources, the average IT spending for small businesses ranges from 4-7% of their annual revenue. This expenditure includes costs for tech support, software development, cybersecurity, system monitoring, and cloud services.
Larger companies typically spend less for their IT, due to their sizable staff, budgets, and revenue.

The costs associated with IT for small businesses contain many parts, including hardware, software, network infrastructure, cybersecurity, and ongoing support. OSG USA sheds light on the breakdown of IT support costs, emphasizing the importance of having a comprehensive understanding of these expenses.

How Carmichael Can Help:

● Proactive Maintenance and Monitoring – Preventing potential IT issues before they escalate. This approach minimizes downtime and the need for costly emergency fixes.
● Scalability and Flexibility – Provide scalable solutions, allowing businesses to adjust their IT resources based on demand.
● Access to Cutting-edge Technology – Possess the latest technology and tools, ensuring that small businesses have access to state-of-the-art solutions without the need for heavy upfront investments.
● Cybersecurity Expertise – Our experts work around the clock for you to ensure safety for your digital assets without the need for an internal IT team
● Predictable Monthly Costs – We have different levels for our subscription packages, each tailored to fit the needs of any
business. This allows for flexibility based the size of your business and how much security you need.

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