A few weeks ago, I published a blog post on the rise of private equity money in the channel. Recently, Thoma Bravo, a private equity investment firm, which also owns Continuum and is a major investor in both SolarWinds and Barracuda, acquired ConnectWise (a deal estimated to be worth...
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If your monthly recurring revenue (MRR) is down, it might be time to re-evaluate your sales process. In fact, even if your MSP’s MRR is increasing every month, you should still gauge your progress in the sales process on an ongoing basis. Then, every couple of months, re-evaluate your...
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Now, I’ve spoken about private equity entering the MSP space before, but since then, a lot has happened, much of which is good news for MSPs. Think about it this way: PE firms only chase expanding addressable markets. The fact PE firms have been investing in the channel means...
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With cybersecurity top of mind for business owners, MSPs have an extraordinary opportunity to become more than just IT providers in 2019. When executives review security vulnerability reports for their organizations, they’re forced to look at how breaches would impact overall business risk. This is where MSPs can insert...
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Shadow IT isn’t going away anytime soon, so be sure to hold on tight. As managing shadow IT becomes a greater concern among business leaders at all levels, solutions to overcome challenges arising from this unfortunate phenomenon are accelerating. Those businesses already geared up to combat increased security threats...
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To be able to successfully execute your MSP sales plan for the year, your sales engine needs to be running at peak performance. If it’s not, it’s probably time for a sales engine tune-up — and just like any tune-up, there’s a sales checklist to follow to ensure everything...
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Like a wheel, life goes round and round. Holding it all together is your framework, which you’ve been building up your entire life. If one spoke breaks, you weaken as a result. To keep the ride — your life journey — from getting thrown out of whack, strengthen your...
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Many MSPs are struggling with promoting themselves on social media platforms, which isn’t a surprise: Marketing has always been a top challenge for MSPs. Over the years, more and more MSPs have become interested in deploying social media strategies to increase brand awareness and generate leads for their sales...
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Email systems are the number one target of cybercriminals, and the situation is only getting worse. Attackers are finding new ways to infiltrate email accounts and use them as a platform for launching other types of attacks. Credential-based attacks such as account takeover (ATO) and business e-mail compromise (BEC)...
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To help explain the shift in IT provider models in the industry, late last year, I introduced the “Technology Success Provider” (TSP). This year, at Schnizzfest, I asked you to trust me by joining me on the journey to Technology Success World. If you still haven’t taken the first...
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