Inflation has been the talk of the town throughout the last year. And while it looks like it might be cutting us some slack in the upcoming months, there’s never a bad time to save money! If you’re getting ready to dive into your 2023 budget, we’d like to recommend managed IT services.
As a business owner, you outsource all the time. You might have someone else take care of your taxes, handle your accounting, or manage your supply chain. While you might be a boss (figuratively and literally) at running your business, you probably don’t have the time or resources to become an IT expert. Managed IT services can take care of that for you, while still allowing for collaboration and partnership.
And not only does it free up your time, but it also frees up funds too. Discover how managed IT services can save your business money and help you serve your customers better.
It’s important to understand why good IT support and IT strategy are vital to every business. During the 3rd quarter of 2022, the number of exposed data records hit 15 million, which is up 167% compared to the 2nd quarter. To be fair, this is less than the jaw-dropping amount of data breaches during 2020, when data security was in shambles.
But cybercriminals are not slowing down. And because small and mid-sized businesses can’t afford the same cybersecurity tools as major corporations, SMBs are a prime target. We see more gas station robberies than bank robbery attempts because who wants to crack a safe when they can just steal the cash at the register?
Criminals want an easy target, and that’s you! In a survey of 1,122 SMBs in 2021, 42% of small businesses experienced a cyberattack. The average cost of a data breach for a small business can vary but IBM estimates that each record of personal information that’s breached costs $180. So, if a cybercriminal accesses your customers’ credit card information, addresses, or account passwords, the total cost is going to add up quickly.
Even if you don’t experience a cyberattack, inefficient IT can drain your funds. Downtime due to old software and hardware, a lack of collaboration tools, and bad networks can slow your employees down and turn customers away.
If you’ve been able to afford in-house IT, that’s great! While having an IT employee or two is better than no IT support, managed IT services would still be the best option.
The true cost of an employee is much more than just their salary. To calculate how much in-house IT costs, you have to multiply your employee’s salary by 1.25 to 1.4. So if you’re paying them $49,000 a year (the average according to Glassdoor), the real cost is anywhere from $61,250 to $68,600.
And with the amount of effort and expertise it takes to keep up with the bare minimum of IT support, it’s unlikely that your business has a strong IT strategy, or the manpower to handle a cyberattack. Managed IT services can take care of your data security and implement powerful digital tools that will help you serve customers better.
It’s hard to like budgeting because usually it just reminds us of how much money we need, but don’t have. But if you’re looking for ways to save money and streamline your operations, why not try managed IT services from Nexus IT?
We’ll take care of all your data security needs so that you can focus on what’s important: your customers. With advanced tools like network monitoring and disaster recovery, we’ll make sure that your business is protected from cyberattacks and downtime.
Plus, our team of experts will help you to improve your IT processes, train your employees on the latest tools, and partner with you for long-term success. With Nexus IT by your side, you’ll have all the benefits of having in-house IT support without any of the overhead. Schedule a free consultation with us and we’ll find out if we’re a good fit for your managed IT services.