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Networks Unlimited

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Guidelines for Budgeting for IT

You budget for many things in your business. Do you budget for your computers, your network and other technology? This guide will show you what your spend on technology should be.

November 18, 2014 by Laura Peters Leave a Comment

You budget for advertising, insurance, office supplies, payroll, utilities and more for your small business; and hopefully, you are budgeting for IT. IT can be a major category in a small business budget, yet many times, it is overlooked. How would your business run without computers, phones, and internet? Technology is integral to your business and it should be accounted for in your budget. Technology needs to be upgraded, replaced, and maintained. If you do not budget for these expenses, your budget will take a hard-hit.

With that,  what percentage of your total revenue should go towards IT?

For businesses with little reliance on technology, we suggest that anywhere from 2% to 5% is spent on technology, businesses with a medium reliance of technology should spend between 2% to 6% on technology, and companies with a heavy reliance on technology should spend 5% to 7% on technology.

 

 it-budgeting-guide

Category iconBlog,  Business IT,  IT,  Managed Services,  Tech Tag iconbudgeting,  business budget,  it budget,  small business budget,  technology budget,  what to spend on technology

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Networks Unlimited. . .

builds strong relationships and is client-focused. We believe in the power of our team and work diligently to stay current on the ever-changing trends in technology.
We are personally committed to doing our absolute best. We strive to make IT simple for your business. From our sales to support teams, we do what we say we are going to do.

 

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