Economic Indicators That Your Business Needs an MSP

December 6, 2018 0 News & Blogs


Hiring a Managed Service Provider (MSP) comes with lots of benefits; but sometimes, it’s just what you need, too. By working with an MSP, you can cut IT costs, boost company efficiency, increase revenue, and most importantly, keep your technical systems, data and networks protected at all times.

Haven’t worked with an IT provider before? Maybe it’s time you did. In fact, if any of the issues listed below sound a little too familiar… you might not have a choice.

Here are common economic indicators that it’s time to hire a Managed Service Provider (MSP) for your business:

#1 Your IT budget is dwindling.

An IT department is crucial to any business, and if funds are dwindling, working with an MSP is the most economic way to accomplish what you need. Choosing to use an MSP will help your business minimize costs by shedding non-core IT functions within your company. Instead of hiring an in-house IT team, or adding to one you already have—both of which inevitably come with individual salaries and benefits you have to cover—let an MSP do the bulk of the work. IT providers can serve as your whole IT department or as an arm of an IT department you already have, all while granting around-the-clock access to a team of IT experts and the best software and tools on the market. IT providers typically charge a set fee each month, per user, which ultimately allows you to create a long-term plan for your company that you can actually budget for.

#2 You need more employees.

Let your employees focus on core job functions, without getting distracted by IT hassles: be it downloading new updates, running new programs, adding cloud storage or something else. MSPs handle all of this, thus letting employees be more productive in their role without feeling overworked or having to worry about responsibilities outside their job spectrum.

#3 Your cybersecurity tools are lacking.

Cyber attacks can take down a small business, and they come in many forms: like ransomware, viruses, malware, social engineering and more. The best way to stay protected from attacks like these is to hire an MSP. Doing so will not only give your business new security updates as soon as they become available, but it will also provide around-the-clock protection, give you access to 24/7 technical assistance and ensure your systems have all of the prevention and recovery protocols they need.

#4 The economy is taking a downturn.

The economy always has its ups and downs; but even still, so many companies aren’t prepared to handle an economic recession. By reducing financial strain, taking the burden of IT responsibilities off your employees, and ensuring your business has the best IT software and protection available, working with a Managed Service Provider (MSP) can prepare your company’s technology for any potential economic crash. All of these benefits can result in substantial cost savings over time, thus enabling your company to handle any economic setbacks before they even arise.

Deciding to use an MSP is a worthy investment for any small business, and CompassMSP is one of the best. At CompassMSP, we are committed to providing world-class customer service and building long-term relationships with every client. We understand the many financial burdens that small businesses face on a daily basis, and it is our goal to help your business to grow while meeting your every IT need.

Interested in learning more cost-effective technology solutions for your business? Contact us at CompassMSP for a free consultation.

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