It’s Time Again for Technology Budgeting
September 29th, 2009 by Michael GiuffridaAs many people in the business community are trying very hard to make the most out of a year when all the cards seemed to be stacked against us, it is easy to put off the task of figuring out what we will spend next year to move our businesses forward again. While budgeting for technology can seem daunting at times, it is the best way to make sure that you take into account all of the things that will help your business run most efficiently with minimal downtime.
We must first consider the standard operational items such as preventative maintenance and support - which every business should have in place. There are also a myriad of other items that often get overlooked during the budgeting process that can pop up during the year causing undue stress on the budget and the management. Some things to consider include software renewals, such as anti-virus or backup software. You should also review your current hardware to determine what is out of warranty. Based upon the function of the device, a warranty renewal or hardware replacement may be in order.
For those of you who have already considered the items above, congratulations! You are ahead of most businesses at this point. There are a few more strategic items you might consider, a new business resumption plan or updates and testing to the one you have to ensure its viability. Also, in today’s world of hackers and viruses, many businesses are being proactive about auditing their network and web site security to protect their valuable business data.
While this all may seem overwhelming, it doesn’t have to be. You can use a budgeting template much like the one we use for our clients or simply hire a technology company to review and plan all of this for you. We have seen many cases where our involvement early in the process has helped our clients plan better and avoid unexpected expenses during the year.
Download the Technology Budget Planning Worksheet
Tags: being more productive, budget, business plan template, business success tips, generating operational efficiencies, Network review, Social media, Technology Budgeting Template, technology resource for small business
January 10th, 2010 at 11:56 am
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January 13th, 2010 at 1:38 am
Outstanding article. I appreciate you for posting that. I hope you can accept my apology for my less good English writing, I am from France and English is sort of new to me.
February 18th, 2010 at 1:40 pm
Strong encryption is trivial these days. Any organization that has personal data and does not use it is guilty of malfeasance. The stupid and ignorant and apparently Windows will seem to be always with us. Thus botnets and DDOS attacks will continue no matter what. But the balance of the damage is largely preventable. Simple public/private key encryption systems would go a long way.