Running a start-up in today's turbulent economy can feel like sailing a supply boat through a thunderstorm. Nerve wracking, unpredictable, at times terrifying. Nonetheless, you're certain that if you stay the course and get to your destination, it will all be worth it.
Last year, start-ups accounted for 46% of company insolvencies. While that's the lowest proportion in a decade, it's still a sobering statistic. In order to succeed in this tumultuous market, start-ups need to be agile, leverage technology effectively and maintain healthy cash flow in a climate where anything can happen.
Managed IT services for start-ups can give you the competitive edge that helps your company thrive.
Here's how.
Recruiting, onboarding and supplying a robust internal IT team is not a luxury most start-ups can afford, either in terms of capital or headcount. Managed IT services give you the benefits of an internal team at a fraction of the cost, providing instant access to hardware and software infrastructure, proactive support and monitoring, cybersecurity, and cloud solutions.
This means you get enterprise-grade IT capabilities from day one, without the overheads that would typically come with building this expertise in-house.
In the early stages of business, delays caused by building, testing and troubleshooting systems can result in hidden costs and lost revenue. The real cost of IT isn't just measured in pounds—it's measured in potential losses and missed opportunities.
Managed service providers ensure that systems are fit for purpose from day one. They help set up secure networks, onboard teams and monitor systems proactively to avoid IT issues that can arrest your company's momentum. All of this is provided at a predictable, fixed monthly cost that's easy to factor into your cash flow projections.
Start-up growth brings challenges as well as opportunities. As your business evolves - hiring new staff, adapting your business model or adding new products or services - you'll face costs and logistical challenges that can strain resources.
Managed IT services offer the flexibility to scale your infrastructure, licences, and support levels to match your growth trajectory. This prevents over-investment in the early stages and spares you the cost and disruption of system migration later, allowing you to maintain cash flow whilst building the infrastructure you need.
Start-ups often assume that they are small enough to be beneath the reach of cybercriminals. In fact, the opposite is true. Their valuable intellectual properties and often weak defences make them a prime target for malware attacks.
This is why IT service management is important. Providers can protect vulnerable start-ups by delivering layered security with firewalls, endpoint protection, data encryption, along with proactive systems monitoring.
Managed IT services go far beyond break and fix support. In fact, technical fixes are just the tip of the iceberg. As well as proactive system monitoring, managed IT partners like Wyvern provide advisory support that can provide a roadmap to success in their digital operations.
They support founders and decision makers in choosing the right cloud platforms, developing an infrastructure for remote or hybrid working and building a digital risk management architecture. This extends not only to cybersecurity but to GDPR and data protection best practices. These can help drive client and investor confidence.
By entrusting their digital operations to a third party, new founders can focus on what matters most, building their brand, establishing a loyal customer base, and securing funding from investors, safe in the knowledge that their tech needs are met.
Launching a start-up is challenging enough, so don’t let IT slow you down. Wyvern Business Systems offers scalable, expert-led managed IT services to help you grow faster, safer, and smarter. Get in touch today!
Image source: Canva