When one starts a business, the plan is to do whatever it takes to get the business up and running, then grow. This model is great when you have a product/service that is desired and easily marketed.
For this example, you are an accountant who has done really well since graduating, been promoted, know the inner-workings of the company, but have grown tired in your non-decision-making role. A friend of yours wants to start a new firm and has discussed it with you several times and now you are ready to take the leap. Blank & Blank CPA LLP is formed.
Blank & Blank CPA LLP now sets a goal of opening doors, shared decision making, growing as big as possible within the first year and adding a third partner within the first 18 months, depending on growth. The two of you each have your own work computer, rent a small space in a shopping center, open for business, clients start coming in, business is going well. The company has money coming in, hired part time help, but what is Blank & Blank LLP doing for data security and backups?
IT infrastructure is becoming more on the forefront of business mindsets but it is still a “luxury” in too many peoples’ eyes. In the age where each day, we see a story on a new company being sued or fined for a lack of IT infrastructure and a lack of protecting their client’s data, IT Infrastructure is no longer a “luxury” rather a necessity. A Managed Service Provider (MSP), can provide great reward for small and midsize businesses as they can offer a full team of IT professionals for a fraction of the price of just one IT Professional.
How is this business insurance?
- The security measures put in place are undoubtedly far superior to the system firewall and system settings you are using on your personal computer.
- The data backup systems put in place will be far superior to the extra hard drive or the flash drive currently being used.
- Not to mention, a good MSP will provide multiple backup points for increased redundancy.
- Just as CPA’s are hired to file taxes and give accounting advice, IT professionals are hired to ensure security, data recovery and efficiency.
- When and if something bad happens to the software, hardware or the building itself, a good MSP will have you back on your feet with the least amount of data loss as possible. IT is business insurance.