How an IT Budget Can Build Your Business

Approx. Reading Time: 2 minutes

With the government handing down its Federal Budget for the next financial year it’s a good time for businesses large and small to look at their budgets for 2017/2018 and in particular look at including and IT budget as part of the overall business budget.

Quite often IT is seen as a cost to a business but it should be seen as a profit centre and something that helps a business make money.

Your IT hardware and systems allow you to communicate with your clients, prepare documents, design products, track projects and store important information that allows your business to operate.

Regardless of the size of your business, you still have a requirement for IT and you need to plan to manage that requirement.

Having an IT budget allows you to control costs and make sure that the funds are there for upgrades, new software, equipment or training when you need them.  This will allow you to keep your equipment and systems up to date, reduce hardware failures and your staff will have the correct tools to do the job.

Making a plan and a budget for your IT is a must. It guarantees you have the tools you need to do your job, and it also plans for future needs. Technology typically runs on a three-year cycle. After those three years, your hardware and software will need to be replaced. Waiting longer than that could cost you more money in the long run.

Not maintaining your IT hardware will cost you in downtime, wasted time waiting on old or run-down equipment and time spent troubleshooting failed equipment. These items are difficult to measure, but they add up.

Make a plan ahead of time so that won’t be an issue, contact Netier today for a free consultation.

By Michael Wallace

About the author



Bouncing back from a cyber attack: Building resilience for a growing business


Managed IT Services

Related blogs

The new reality of work

What is connectivity and is it all the same?

Crafting the ideal IT Strategy for Your Business: What you need to know