CoreTech Blog

Welcome to the year 2025! 

Budgeting for your business IT needs has become increasingly complex. The rapid evolution of technology, coupled with the shift towards remote work and the increasing threat of cybersecurity has made IT a critical component of business operations.

Yet, many business owners struggle with IT budgeting. It's not just about allocating funds for hardware and software; it's about aligning IT spending with business goals and preparing for future needs.

We wrote this guide to help you navigate the complexities of IT budgeting. In it, we’re going to cover a wide range of topics and strategies that many business owners might not be thinking ahead about. Whether you're a business owner, an IT manager, or a financial officer, this guide will provide valuable insights.

So, let's dive in and start planning for a future-ready IT budget. One that not only supports your business operations but also drives innovation and growth.

There is a concept known as the iron triangle that provides a simple framework for project management by outlining the balance between your costs, your available time, and the desired quality of your outcome.

Traditionally, the iron triangle helps illustrate how these factors impact each other. Instead, we wanted to take advantage of the principles of the triangle to explore how beneficial it can be to outsource IT services.

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.

SMBs need to be able to navigate the complexities of IT, whether it’s with a completely outsourced IT department or an in-house team of technicians. However, if you are thinking of technology management in this black-and-white way, you are eliminating the potential for enormous benefit through the use of co-managed IT.

You might have noticed that business insurance companies are starting to show an interest in how you are protecting your technology and data. If your org has been in touch with your insurance provider regarding modifying or renewing your business insurance, you were likely handed a lengthy questionnaire about your cybersecurity. Let’s take a look together to help you make informed decisions on how to handle your IT and how to prevent your insurance costs from skyrocketing.

While one of the big selling points of the cloud has always been how cost-effective it can be, it is important to remember that this isn’t always the case. There are situations where the value that a business gets from the cloud isn’t really worth the price of admission. Let’s take a few moments to break down how you can evaluate the value that the cloud can offer you, and how to use this data to your advantage.

Nowadays, you can’t afford not to have some portion of your business’ budget set aside for cybersecurity. The question is, how much do you need, and what should you be spending it on first? Let’s take a few moments to dig a little deeper into this question and examine a few cybersecurity protections you should establish as your business’ baseline defenses.

Technology can be pretty expensive to buy and maintain, but it can get a whole lot more expensive if you aren’t cognizant of how your IT dollars are being spent. Long ago are the days when companies could get their technology for a song and it would work for years at a time. Today’s business technology has to build a more efficient workplace, as capital is harder to come by today than it has been for quite some time. Let’s take a look at four ways you could be wasting your technology budget and what you can do to ward against it. 

If you are like many businesses, you use a lot of services from other companies to try and get all the business computing you need, without having to buy new servers and pay company IT administrators to look after them. This process is understandable, but are you really saving money by doing it? This month we will take a look at the myriad of services that businesses use and if it is, as advertised, saving them money.

In good times and bad, profitability is the priority for most businesses out there. Having said that, this priority is typically a challenging one to achieve, but did you know that there are a few different ways that investing in a relationship with a managed service provider can help increase your productivity—and as a result, your overall profitability?

Cloud computing is turning into a tool that is universally used by businesses to enhance remote access and provide the scalability for tools that allow a business to get the best bang for their buck. This month, we’ll describe how modern cloud computing works and why it is such a huge potential benefit for your business.

For many years now, there’s been a bit of a fear of AI—artificial intelligence—in the workplace, all while it has been put into practical use more and more often in many businesses. This all ties back to the work of Alan Turing, who (amongst his accomplishments in computing) created what we know as the Turing Test as a means of gauging how intelligent a computer is. 

We get it—nobody likes to think about the prospect of being impacted by a cybersecurity incident, but it’s like any other unpleasant event in that it is best to prepare for it. In fact, today’s businesses can invest in a cyber insurance policy to help prepare for such an eventuality.

Let’s go over some of the ins and outs of cyber insurance so that you are prepared to make the best choice of provider for your business.

Let me ask you a question: how much did you pay Google for your Business Profile? Unfortunately, if the answer was anything other than “nothing,” you’ve been scammed. Google has actually announced that they are taking legal action against scammers who impersonated the company in order to defraud small businesses.

It’s always good when a business looks to improve itself by adding new technology. This process can be immensely fruitful, but it can also go the other way and become costly time-sinks. Let’s take a look at what makes new IT projects such a volatile action, and how we can help you improve your chances of successful implementation. 

Somehow, it’s December. Can you believe it? 

2023 is practically upon us, and hopefully by now you’ve started to put some thought into how your business will maneuver through the next 12 months. It’s important to establish an IT plan and budget, so that your technology can actually be a value center as opposed to an expense.

No matter how big your business is, you’ll always have technology expenses. It’s just a fact of the current workplace, and your profits will be inexorably tied to how well your IT works for you. Furthermore, the more IT costs rise, the more impact small and medium-sized businesses will feel from them. Today, we wanted to address this issue and how you can minimize the frustrations that stem from seemingly uncontrollable technology costs.

Look, we get it: remote work has become a bit of a topic of contention lately. While employees have been relishing the benefits that remote work offers them, many employers have been doing everything they can to bring their workforce back into the workplace.

Now, it wouldn’t be unfair for you to assume that we would push remote work as a managed service provider because we just so happen to assist businesses in managing it as a part of our services. This is true enough…but we aren’t the only ones with an opinion on the topic.