How Much Should Your Small Business Budget for IT Support?

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(Newswire.net — December 17, 2021) —

The end of the year is always a good time for reflection and planning. During this time, small business owners should look at their successes and losses and create a budget for the upcoming year. Supplies, payroll, and IT support are just a few line items to plan for.

Yet, some small businesses can look at ways to cut costs, and by doing so, they limit their IT service. Since IT support is to ensure the security and safety of a company, it is critical to have an appropriate budget.

If you are a small business owner and wonder how much you should budget for IT support, you are right. Here is what you need to know about its service providers and their cost.

Average Budget Spent on IT Support

Since every small business is different, the cost of IT supports dramatically varies. Factors such as the choice of an IT service provider and the type of support needed will affect cost. Yet, on average, a dedicated in-house IT support will cost a small business around $58,000.

Small to medium-sized businesses spend on average about 3%-7% of their overall budget on IT support. With technology continually changing, small companies will have to allocate more resources to the IT support budget.

Types of IT Support

There are several different types of IT support available for small businesses. The first type of support is managed IT support. This is one of the most cost-effective solutions for IT service needs.

Organizations that opt for managed services from an IT provider have their company monitored 24/7. This service cost typically costs a flat monthly or annual fee, which allows for more flexibility in an IT support budget. There is proactive monitoring and maintenance to desktops, remote machines such as laptops, servers, and much more.

Another type of IT support is self-managed IT support or in-house. At the same time, this type of support can also range in cost. According to PayScale.com, an in-house IT tech can cost around $40,000 annually, with the higher level range being around $60,000.

How your small business is allocating resources will determine which type of IT support is right based on your budget.

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IT Support Importance

While IT support should be a part of every small business, companies may urge to eliminate IT support because they do not see the value. This is something that should never be done.

With cloud computing and data security being one of the most significant expenditure areas classified by IT support, your small business should be leveraging resources for IT. The reason being privacy regulations are getting more strict.

Also, cyberattacks are becoming more frequent and unpredictable. You want to make sure the threat of personal data theft is limited.

For example, small local doctors’ office has to spend money on Medical IT Services because it helps keep patients’ data safe. One of the best ways to do that is with IT support.

Your Small Business Deserves IT Support!

No matter how small your business is, it deserves to have IT support. So as you are planning the year, make sure to adequately budget for these services as it can take your business to the next level.

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