What Business Owners in Denver Should Know About IT Costs

Discover the three IT service options and their advantages, disadvantages, and associated costs in order to pick the best IT solution for your business.  

Small businesses in Denver have three IT service options. These are hiring an in-house IT technician, outsourcing all IT services to a local IT service provider or hiring a part or full-time technician in conjunction with outsourcing some IT jobs to a qualified IT company.

Which option is the most cost-efficient? Following is an overview that can help you make a well-informed decision.

In-House IT Services

The average annual salary for an IT technician is $75,412. That’s a lot of money for a small business, especially when one considers the fact that a business owner will also need to shell out money for benefits. Furthermore, your business will also need to cover other IT expenses, including:

  • Networks and network infrastructure
  • Software applications
  • Data storage
  • Communications systems such as VoIP

In-House IT Services Combined with IT Managed Services

A business could save money by outsourcing complex IT jobs to a firm while hiring a relatively inexperienced IT technician for a fraction of what it would cost to hire an experienced one. The IT technician could handle simple in-house jobs such as updating software, backing up data, and providing cybersecurity assistance to employees. Many IT managed service companies offer combined assistance to companies with their own IT “point person” so it wouldn’t be hard to find a service who will work with your resident IT technician.

The main disadvantage of this solution is that the overwhelming majority of data breaches are caused by human error. It’s unwise to trust your IT system to a IT technician who may not have the training and skills needed to do the job right. You may save some money by cutting IT costs but bear in mind that the average cost of a data breach is currently a whopping $3.9 million. In the end, you need to know that your IT system is being managed by an expert.

Working Solely with an IT Managed Service Provider

Working with an IT managed service provider that offers small business IT services is usually the best option for most small business owners. IT managed services offer:

  • Scalable solutions so you only pay for tools and services you need
  • 24/7 help and assistance
  • Top-tier cybersecurity to prevent attacks
  • Regularly upgraded software
  • Experienced technicians who receive ongoing training in their field

While it’s impossible to say exactly how much it will cost to obtain customized service and assistance from an IT managed service provider, it can be said with certainty that the price tag is well worth it.

Elevate Services Group is a Denver-based IT managed services that specializes in working with small and mid-size businesses. We offer cutting edge people, process and platform to not only keep your computers running safely but also full optimization so you can use technology’s full potential to grow your business. Get in touch with us today to learn more or to make an appointment with our team of IT experts.