IT Managers Need To Make Friends With The Company’s Income Statement

So IT manager, how is your company doing? Are they going to be able to fund your IT dream team’s projects this year? Will there be any money left over for your management to hand out as bonuses to your IT team in order to make sure that they stay on board and don’t bail? … Read more

IT Managers Need To Know About Financial Leverage

As an IT manager you are going to want to be able to show some leadership and be able to have intelligent conversations with the people who are running your company. More often than not, those people are either going to be working in the company’s finance department or they are going to have a … Read more

Assets & Liabilities: What Does An IT Manager Need To Know?

As an IT manager, you have a responsibility to your team to be able to keep them informed on the economic health of the company. Every company goes through periods of up and down, boom and bust, economic results. Your responsibility is to be able to understand what the company’s current financial situation is no … Read more

An IT Manager’s New Best Friend: The Company Balance Sheet

Hey IT manager, how is that company that you are working for currently doing? Yeah, yeah – I know that all of the press releases that your management keeps putting out say that things have never been better and the internal emails that you get from the big guy say the same thing. However, how … Read more

Why IT Managers Need To Care About Financial Statements

We’ve probably all heard about financial statements, but have you ever really sat down and taken a close look at one? If you haven’t, then you should! The reason is that financial statements are how the leadership that runs your company talks about how the company is doing. If you want to speak their language, … Read more

How Can An IT Manager Create An Effective Budget?

Look, you have to create an annual budget for your IT team so just get over it. Since you have to do it, it sure seems like you’d want to find ways to turn this chore into a team building and planning tool. If this sounds like a good idea to you, then we’re going … Read more

IT Managers Who Care Know How To Do A Sensitivity Analysis

How good of a guesser are you? I thought so – you’re not perfect are you? This may not matter that much on a day-to-day basis, but it can matter a great deal when it comes to setting up a budget for your IT team. If the assumptions that you made were wrong, then all … Read more

How To Negotiate A Bigger Budget For Your IT Team

If there is one thing that all IT managers want, it’s more money. For you see, we all believe that if only the company would boost the annual budget for our IT team then just imagine the great things that we could do! You can sit around hoping that the company will suddenly realize just … Read more