Contrary to what you may read, technology and IT costs don’t necessarily have to skyrocket as your business grows. Small and mediumsized businesses (SMBs) just have to be more cognizant of where their technology investments are going and what they’re truly getting as return on their investment. As businesses rely more than ever on technology for day-to-day functions, managers realize that they simply cannot afford the lost productivity, lost revenue and the negative impact on business reputation that comes with a downed system or network. At the same time, many businesses can’t justify the costs of employing any full or part-time IT support given today’s economy.
In fact, many small-to-medium sized businesses choose to pay for on-site support on an as- needed basis as opposed to having one or several dedicated IT employees on payroll. With the recent buzz about the potential benefits and cost savings of virtualization software and cloud computing, many SMB executive teams are rethinking how their technology investments are currently allocated. Two things you’ll find many technology dependent peers focusing on today are a greater return on investment (ROI) and a lower total cost of ownership (TCO).