We’ve been getting this question a lot lately, so I wanted to take some time to explain this situation to frustrated and confused business owners.

The issue? Business insurance providers have been starting to ask questions about cybersecurity when it comes time to renew business insurance policies.

In this Q&A, we'll explore why insurance providers are focusing on cybersecurity and how it affects your business insurance. Hopefully this will help guide you in the right direction so you can continue to remain in coverage and avoid higher premiums.

A lot of business owners consider IT to be an expense, a cost of doing business, a necessary evil. This is likely subjective and based on your own experience, but when done correctly, IT is meant to be a profit center for your business.

In this article, we'll explore more than 15 ways modern technology can help make your business more money, from increasing sales and improving customer relations to cutting costs and driving growth.

Part of doing business is understanding certain types of trade-offs related to the decisions you make. Specifically, we want to highlight opportunity cost as it relates to technology. What is the opportunity cost of technology, and why is it an important concept for a business owner to grasp?

Are you paying attention to where you spend your IT dollars and whether or not you are making the most of your budget? It’s important to assess your needs before making any major technological purchase, including the goals, challenges, and pain points you are trying to solve. With the right approach, you can increase the value you get out of your IT—particularly with the following strategies.

If you could generate more revenue without spending more, wouldn’t you?

If you share most people's goals and aspirations, the answer is a resounding and enthusiastic “yes.” Scaling a business is an important element of continued success—provided it is carried out correctly. Let’s discuss how you can help ensure your success, partly by implementing the right technology.

IT is pivotal to the success of any business. Still, for small and medium-sized businesses, there might be limitations placed on the organization's potential resources to cover its needs. Outsourcing IT responsibilities to a managed service provider is a viable option for improving the odds of finding success with technology management for SMBs. Here’s what your business can stand to gain from working with an MSP.

The end of the year is always a great time to look back on the past and look forward to the future and what it might look like. One way you can do this is by looking to cut out some of the clutter within your organization’s network by examining how often your applications are used and which services you are subscribed to.

Businesses are relying on technology more and more. As they implement more technology, controlling their support costs is important for any organization if they plan to manage their budget effectively. With between three and six percent of a business’ revenue being spent on technology, going over the monthly budget can have negative effects on your business’ ability to spend elsewhere.

Printing has long been an integral aspect of doing business. In recent years people have witnessed a significant decrease in the necessity for printed materials. Despite this trend, many businesses continue to spend unnecessary resources on superfluous printing. Like every business, cost is a factor. We’ll offer you three valuable recommendations for consistently decreasing your printing expenses.

In the always-moving and competitive landscape of the modern business world, the ability to save money is not just a luxury, but a necessity for the survival, success, and growth of any company. With ever-increasing operational costs, businesses are constantly on the lookout for effective strategies to cut down expenses without compromising on the quality of their products or services. One area where significant cost savings can be achieved is through the strategic use of modern technology and managed IT services. Let’s look at how businesses can leverage these powerful tools to reduce expenses, increase efficiency, and enhance their bottom line.

Technology is more than just a tool for business; it is the business. That’s why it is essential to ensure that your business’ technology works for you and not against you. This is easier said than done. It takes technicians with refined skills from experience working in the field to understand how to keep all the technology your organization relies on working effectively. Let’s take a look at why managed IT services are a huge benefit for any business that relies heavily on technology. 

In recent years, the Internet of Things (IoT) has emerged as a game-changer across various industries. One way that businesses can utilize these technologies is to understand how their businesses use their utilities as well as automate the control of some of them to cut costs and utilize these resources more efficiently. Let’s look at how businesses are using IoT tools to stabilize utility costs. 

Printing is costly, and a lot of organizations have done their best to reduce their exposure to unnecessary costs. With nearly everyone having a computer on them all the time, it seems as though the costs of printing can be reduced entirely. Unfortunately, businesses don’t always see how digital resources can help you stabilize costs. This month, we thought we would go through how your organization can use those digital resources to significantly reduce printing costs. 

Managing money is important in every aspect of life. For the small business, it is typically a matter of maneuvering available cash around to make it work best for the organization’s needs. Today, there are plenty of options a business can choose from that can transfer resources that traditionally were typically acquired through major capital expenses and make them operational expenses, allowing your business to do more. 

It’s never a good time to deal with budget cuts, and unfortunately, due to its large costs and investments, technology management, maintenance, and infrastructure are often a victim of them. Let’s go over how you can lessen or mitigate the hit you take when dealing with an IT budget cut.

Despite not wanting to think about cybersecurity incidents derailing your operations, it’s important nevertheless to consider them before it’s too late to do anything about them. These days, businesses need to invest considerable capital into protections, including a cyber insurance policy to cover all of their bases.

Let’s discuss some of your options for cybersecurity insurance and what you’ll need to know to make the most informed decisions possible.

The cloud has been a good resource for business for quite a while. Just how good? Currently, nine-out-of-ten businesses operate with some type of cloud-hosted solution. In fact, by the figures, we’re definitely looking at a cloud-hosted future. We thought it would be interesting to take a look at some of the cloud computing stats and trends to paint a picture of just how the cloud has grown up. 

For many years, IT has been stigmatized as an overhead expense for businesses. The costs have been challenging for organizations of all shapes and sizes. A lot of newer organizations might even be technically savvy and understand the value of technology, but focus on the costs without taking into account the value of properly managing and implementing that technology.

Your technology resources are likely deployed across your business and while all that IT can really help speed up your business and make it more effective, you also have to watch your technology spending so it doesn’t become a problem as you move your business forward. This month, we are going to get into how to deploy certain resources to help you save some money and at the same time get the technology you need to be more productive. 

Cyberattacks have caused many millions of dollars worth of damage to businesses over the past several years, so it makes sense that your business should invest in its cybersecurity to mitigate these damages. That said, there is only so much you can invest into your cybersecurity budget, as you have to factor in other parts of your business, too. Today, we want to share with you three ways you can invest in cybersecurity initiatives that won’t completely break your bank.