How Flexible is Your Technology Budget?

CPAs & Advisors

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We’ve all become a lot more flexible in business over the past couple of years. We’ve had no choice, right?

But while you and your team have become used to different working arrangements, has that flexibility moved over to your budget?

Here’s a great quote: “Budgets tell us what we can’t afford, but they don’t keep us from buying it.”

As you create your IT budget for 2022 – if that’s something you do in your business at this time of year – you may fall into the trap of trying to keep your expenses low.

But the sad fact is that, whether budgeted for or not, a ransomware attack or another critical incident will cost you a lot of money. As you may know, cyberattacks are rising at a rapid rate. And this year, we’ve seen some of the most significant incidents ever.

It’s crucial for you to do whatever you can to avoid an attack on your business and plan for what happens if you are attacked—having a solid plan in place can reduce the financial and reputational impact of a breach. 

If you’re working with an IT support partner, getting them involved in your IT budgeting is a good idea. They’ll be able to give you an expert view on the right things to consider and include in your budget.

Information used in this article was provided by our partners at MSP Marketing Edge.

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