As we have stated multiple times before, when it comes to saving money, it is important to look over all expenditures. This “review of business expenses” should include both variable and fixed costs. We understand that it can be difficult to determine which expenses should be cut, especially when it comes to cutting fixed costs. However, in order to save money, it is important that you consider all your options. Cutting Variable and Fixed Costs Most businesses, when trying to save money, only consider variable costs, such as contractor labor. This is not to say that there is no money to be saved by cutting your variable expenses. Your business could recover much of its lost revenue by reducing its variable expenses. Cutting variable expenses also tends to be easier to cut, since they include utility costs and communication costs. However, in order to save the most amount of money, you and your organization cannot be afraid of inquiring about your fixed expenses, such as payroll or rent. Addressing fixed costs is, understandably, more difficult, since it can result in possible relocation of your business headquarters or termination of an employee. Nevertheless, while cutting fixed costs is more difficult, it is necessary to consider. In fact, it is possible to reduce your variable expenses by cutting fixed expenses, making it even more important to address when discussing cutting costs. How Hammett Technologies Can Assist Hammett Technologies understands how important for businesses to save money, especially during a global pandemic. That is why we walk you through our processes and ensure you are getting the top-tier quality, without breaking the bank. Hammett Technologies has experience in providing professional IT support without the professional cost, making us an asset to your company’s future development and cybersecurity. When you choose Hammett Technologies, you are choosing a business partner who will help guide your business through cyberspace safely and securely, without hurting you financially.
Hammett Technologies prides itself on its ability to offer businesses a cost-effective way to manage their IT department. Each of our technicians are trained professional who managed, assist, and guide you and your business on ways to increase security, functionality, and efficiency, without breaking the bank. We wanted to share with our readers ways that you can help your business cut down on IT costs. Over the next few weeks, will we outline ten (10) useful tips that will help you save money, without degrading the quality of the IT Department. Target Immediate Impact When it comes to cutting costs and saving money, the first thing CIOs should look for is unnecessary costs and subscriptions. It is relatively easy for businesses to overlook these small subscriptions, some of which may only come in at $100+ a month. However, when there are multiple subscriptions, the costs can be staggering, often without one realizing. Therefore, your first step to cutting down costs of your IT department should be to look for subscriptions or quarterly licenses that are no longer needed. While doing this it is important to not go overboard. If the removal of said subscription or license could result in weaker security or possible corruption of data, do not, under any circumstance, remove those programs from your expenses. If information were to become corrupted or stolen, the cost of having the data restored or dealing with the fallout of a lawsuit is far more expensive than keeping the software in the first place. Why Hammett Technologies Hammett Technologies prides itself on its ability to maintain a healthy, state-of-the-art, IT Department without cutting corners and without breaking your business’s bank. We ensure that your company is only spending what it needs to spend for its IT Department, with no hidden costs and complete transparency. We break down every payment and all your options so that you, not only know what you are paying for but also understand how it will impact and improve your business. Hammett Technologies is a team of dedicated individuals that want to help you, and your business, grow and thrive.