The new year is ripe with indicators of a recession. When the economy spirals out of control and money gets tight, every business must find avenues to maintain profitability. Investing in new technologies is an essential strategy to hedge inflation.
In this blog, we’ll explore how information technology can help your business increase its efficiency, reduce costs, and stay ahead of the curve.
Beat the Bear Market by Bolstering Your Tech Approach
Looking to combat the effects of inflation? Here’s a secret: use IT consultants to revamp your approach to technology. Partnering with a professional delivers the following benefits:
Easily Scale Your Teams and Departments
Right as the Great Recession ended, tech layoffs seemed to pick up. And unfortunately, when employees leave, you lose more than just day-to-day productivity—they take valuable knowledge and industry expertise with them.
Yes, you could try to throw money at this problem to fix it. Burning through capital with the hope of finding a replacement is a strategy (albeit, not a good one) that companies use to scale teams. However, even the best talent won’t be able to pick up where you left off.
Unless, of course, you partner with an IT business consultant.
By outsourcing your IT, you avoid the expenses associated with hiring, training, and paying employees. Whether you’re looking to grow departments to accommodate future business growth or need to scale back your current teams in response to a declining market outlook, IT consultants can handle the nitty-gritty behind adjusting your tech strategy.
Hedge Inflation and Better Manage Costs
For virtually every company, benefits and wages are the biggest variable expense draining their bottom line. Good business owners know history tends to repeat itself. If the 2007 recession taught us anything, the fewer variables your company has to account for, the better. That’s why, when times get tough, it’s best to outsource your tasks to a trusted IT consultant. Not only is this a budget-friendly way to meet your tech needs, but you’re also able to trade full-time wages for a flat, predictable monthly fee.
Easily Grow Your Infrastructure
It’s widely understood that IT needs fluctuate based on your business’s performance. When profits increase, your company grows, and your digital infrastructure needs to reflect that.
However, this also holds true when performance stagnates, or worse, shrinks. In the face of bleeding profits, you must reduce costs to survive. Whether you’re laying off a few employees or cutting entire departments, having a professional manage your technology helps your businesses stay afloat during challenging times.
That’s where IT business consultants come in handy, as they bridge the gap between growth, maintenance, and shrinking. With their help, it’s much easier to scale resources based on your company’s current needs. They have no issue temporarily reducing capacity to accommodate the current market, just as quickly increasing capacity when your ticker switches from green to red.
Properly Maintain Security and Compliance
When money gets tight, succumbing to avoidable IT costs is the last thing your business needs. Cyberattacks, however, don’t let up when your stock drops. In fact, they tend to get much worse.
That’s why maintaining compliance is so important. When you neglect security, there’s a chance you might fall out of compliance, and in return, have to face expensive fines and consequences.
When choosing a partner to assist with your tech approach, search for an IT business consultant who specializes in security. Having an expert manage your internal networks and regulatory compliance is a surefire way to ensure everything is up to par.
A Better Way To Handle IT is Only a Click Away
Managing your own infrastructure and making technology decisions can be challenging, especially if you don’t have much experience in this subject.
Tap into the collective knowledge and experience of a managed service provider (MSP). Discover how you can access a better level of expertise for a more reasonable price.
How Technology as a Service (TaaS) Helps Small Businesses Hedge Inflation
Partnering with a reliable, trustworthy IT business consultant is key to hedging inflation. By finding a partner who specializes in all aspects of technology, you’re able to capitalize on several other additional benefits.
- Capital Investments Turn Into Predictable Expenses: The overhead required to support an internal approach adds up. In addition to payroll, you need to account for software/hardware costs, new technology, office space, etc. In these circumstances, the argument for professional IT consulting is simple: it turns your capital investments into a predictable, controllable expense.
- Concentrate on Your Core Business Ventures: When companies opt for internal teams, they justify it with reasoning like, “I need in-house workers who care about expanding my bottom dollar.” However, outsourcing frees up time, money, and resources—providing the flexibility needed to break ahead of the competition.
- Leverage Years of IT Experience: Let’s face it, you probably won’t find the IT experience your business needs in one person. That’s why companies turn to a
Reliable, Trustworthy IT Consultants Are a Click Away
Looking for professional SEO services, supplemental IT help, or strategies to combat inflation? Good news, Arizona Computer Guru is here to help. Get in touch with our experts to learn more, and let’s explore ways to help your business prepare for a recession.