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Part 3 of 7 Managing IT Expenses - Taming Your IT Budget is Easier Than You Think

Expenses might the be the one thing that keeps you up at night.  In our next tip on managing IT expenses, we explain ways that will ease anxiety and improve your bottom line.

#3 Taming Your IT Budget is Easier Than You Think

One of the hardest things about cutting IT costs as a business owner is that you may not know which expenses or subscriptions you can safely reduce without harming your business in important ways. And, it’s probably difficult for you to accurately predict what you’re going to spend on technology in the future, since you don’t know where upgrades and improvements are needed.

This is an area where having ongoing relationship with the trusted IT vendor can make an enormous difference. When you have someone who knows how your business works, and what kind of technology you’re using, they can help you make smarter investments that are likely to pay off over time.

Contrary to what your favorite salesperson might tell you, it’s not always wise to go with the bigger, faster, or newer model of anything. In fact, doing so can often lead to headaches – when you buy a brand-new piece of technology, you’re often paying the highest price for something that hasn’t been extensively tested or proven. You might be much better off sticking with what you have, or waiting until prices come down (and updates are released) before making the change.

That’s just one simple example, but the point to draw from this is that you can lower the amount of money you spend on technology, or at least stop the figures from climbing endlessly, if you know what to look for. The trick is having someone with knowledge of your business and some expertise with the kinds of hardware and software you need to keep your business running.

The most cost-effective way to get that expertise is by working with a trusted IT partner who will consult with you regularly to ensure you’re making decisions that move you towards your most important goals while factoring in the financial costs.

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