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Firewall Options. Where to start?

Hi Experts,

I am currently looking for a managed, software or hardware firewall option for a business grade internet connection and WAN. I don't know much about firewalls beyond what is available on your average home computer and I am a little unsure where to start.

Please can you tell me your thoughts on what is best for a business.

If I were to purchase a unit, is this something that can easily be learned, administered and managed in house or is this something that requires a real specialist?
Should I use a software, hardware firewall, or a managed offering?
What sort of costs can I expect for a reasonable solution?
What should I look out for?

Any expert advise would be most appreciated.

Thank you

Jim
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Thank you experts for your insight and answers. I have a lot to consider. Much appreciated
You are very welcome and I was happy to help you.