Making every penny count is critical to the success of your small- or mid-sized business (SMB), and this is especially true when it comes to your IT budget. Deciding how to allocate your funds can be tough, but there are a few things you can keep in mind so you can be sure to spend your money in the best way possible.

Bring your own device (BYOD) policies give employees the flexibility to use devices they are comfortable with while allowing businesses to reduce hardware spending. However, BYOD also carries plenty of security risks.

Loss or theft of devices – Employees often bring their personal devices wherever they go.