Most MSPs are facing the overwhelming task of improving operations. A reactive approach to IT tickets and a disorganized sales model both contribute to MSP owners feeling like their company is just getting by.
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Last month, nearly 3,000 MSPs came together at ConnectWise IT Nation 2015, the largest event in the tech solutions provider industry. This was my seventh year attending and presenting, and it’s always a beneficial conference for talking about the state of the industry and what the future holds for MSPs.
Here are a few takeaways that every MSP should consider as they move into the new year.
New customers equate to new monthly recurring revenue – the ultimate goal for improving your business. But, many MSPs lose potential customers as a result of mistakes in their packaging of IT service offerings.
Packaging is an important part of your sales approach, and it has the potential to be the most compelling trigger for new clients. It involves what you sell to each customer and what promises you make to deliver IT solutions that meet their needs.
Think: How do we turn the services we provide into that which our clients really want?
One of the biggest concerns for MSPs is how to improve their sales. Boosting monthly recurring revenue is no easy task, and many companies don’t have the sales expertise to do it alone.
Most don’t even have an idea of how much monthly recurring revenue they should be bringing in. What’s the threshold for success?
With the right process and lead-generation efforts, you could be growing your recurring revenue by thousands of dollars every month.
Picture the ideal state of your business ...
Your employees are happy, loyal and easy to retain.
Your company has achieved financial independence, and so have you.
This is what operating a World Class MSP looks like.
And, while all of that may seem too good to be true, it’s not. Many managed service providers just like you have taken their operation from average to World Class. So, what’s stopping you from being next?
Lots of IT service providers dream of becoming a World Class MSP. So, what's holding them back?
Maybe they’re drowning in IT tickets or fighting to get monthly recurring revenue up. These are problems that many small to mid-size managed service providers face.
But, there are several characteristics that all top MSPs have in common. By adopting these approaches, you could set your business apart, too.
Focus on these five resolutions and incorporate them into your daily operations to make strides toward becoming a World Class MSP.
One of the most frequent complaints from MSPs is that they are drowning under a pile of IT tickets. You probably understand this pain all too well. Maybe your employees are working through a high number of tickets per day, yet they still face more fires to put out.
More IT tickets lead to increased stress and less profitability. Learn how to combat these high numbers with the following actions.
“If it ain’t broke, don’t fix it.”
We’ve all heard this saying countless times – and maybe it rings true in some cases. But, when it comes to managed service providers and their interaction with clients, this is a counterproductive approach.
Unfortunately, it’s how most MSPs operate. You wait for a ticket to come in, telling you something is broken, instead of preemptively updating, managing and maintaining your clients’ systems.
To stand out among the competition, top managed service providers do more than simply bundle their services and manage clients.
In a marketplace where every MSP has access to the same resources, IT solutions providers have to be extraordinary if they’re going to differentiate themselves.
What does that mean? It means you must transform your organization into a World Class MSP. This is the path to profitability. Let’s break down how to get there.