Use It or Lose It
Q4 is upon us, and we have all been there before. Your boss notifies you that your department has some spending dollars left in the budget and that you either use it or lose it. Now you’re trying to find innovative ways to ensure you get a return on your investment. As you decide how to spend those last remaining dollars, please consider these innovative end-of-year investment strategies to help solve this issue.
When it comes to technology, the unpredictable is bound to happen. Keeping a stock of tech inventory for new hires and existing team members should be a consideration for all business owners. Usually, laptops and desktops have a useful life of about 3-5 years. So, what happens when your new hire needs a laptop or desktop? Network hardware, such as switches are examples of vital keep inventory! If a switch goes down, so does your office and its productivity. Many vendors have great ‘End of Year Sales’, so investing in inventory during this time will allow you to cash in on generous volume discounts!
Yes, IT spending includes cybersecurity. Investing in your company’s cybersecurity is vital as without Cybersecurity your business can come to a screeching halt. Not investing in cybersecurity can be costly in more ways than one. Poor cybersecurity can result in a loss of your sensitive data, your reputation, and the trust of your clients. Investing in cybersecurity is the safest investment you can make that will ultimately pay dividends and will allow your business to keep running.
IT projects are a great way to accelerate your company forward. Whether big or small, IT projects, when done right can have a meaningful impact on your business. IT projects are PERFECT for end-of-year investments. Whether you want to migrate to the cloud, harden your network, or update outdated hardware, IT projects are short-term projects with long-term benefits. There are various IT projects you can choose from that will show returns long after Q4 is over.
Business Continuity & Disaster Recovery
Business continuity will ensure your business can continue operating efficiently and effectively during a disaster. While disaster recovery is more geared toward restoring data and critical IT infrastructure after a disaster happens. If your BCDR Plan (Business Continuity & Disaster Recovery) is out of date, it might be worth investing in modern BCDR solutions.
Managed IT Services
Your IT strategy should try to eliminate as much stress as possible from your internal IT team. This is why turning investment towards a managed IT service provider might be beneficial for you if your internal IT team is overburdened and stressed, experiencing turnover, or lacks expertise. Any managed IT service provider worth its weight in gold will help you do all of the things listed above and then some. In fact, most will help create IT roadmaps that have predictable IT budgets. By investing in managed IT services, you will never have to worry about finding taboo ways to invest your IT budgets last minute again.
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