In the book “Great by Choice,” Jim Collins introduces the concept of return on luck (ROL). After comparing good and bad luck events at numerous companies, he found that, on average, the high-performing companies, or as he called them, the 10X companies, had the same number of luck events...
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I’ll conduct a free security audit for you by asking just two questions. One, what is your average seat price? Two, do you have at least one person in your service delivery organization who’s 100 percent proactive? In other words, they don’t bill professional services, and they don’t do...
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Over the last few years, many MSPs and industry pundits have claimed that our industry is undergoing a rollup. While I’ve consistently argued that the transaction volume has been minimal in relation to the market size — with data supporting my stance — I now believe we are genuinely...
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We are in a new normal regarding the issues surrounding attracting and retaining talent, and many factors contribute to this. There’s near-zero tech unemployment, the competition for talent is no longer localized and your requirements have changed. Additionally, you’ve doubled the number of tools in your stack in recent...
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Champions do what others can’t or won’t do daily and make it look easy. There’s a lot to unpack in this statement. Building the discipline to fulfill your potential at anything takes work. It starts with uncovering the building blocks of the role, the task or the skill and...
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One disturbing trend that I see with MSPs of all sizes and scales is a reduction in a metric that’s super important — tickets closed per support tech. This is a big problem because if everything else stays the same, your support costs go up if you’re closing fewer...
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When a new technology emerges, we often naturally draw comparisons to familiar concepts. A prime example is the recent debut of Apple’s Vision Pro, which has ignited parallels with the decade-old Google Glass. While the majority are discussing the technical similarities and differences between the two, a compelling conversation...
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One of the most important metrics for a managed service provider (MSP) is the average monthly recurring revenue (MRR). It impacts scalability, profitability, sales, math and customer acquisition cost (CAC). It also has a significant impact on the value of your business. So, there’s one thing everyone can do...
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At Schnizzfest this year, I spoke about the downfall of the once prosperous ice industry — a significant enterprise that failed to adapt in time and consequently vanished. A similar fate has befallen giants like Nortel, Blockbuster and others that failed to read the tea leaves. This week, an...
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MSPs have varied opinions on the impact of hybrid work environments on productivity and culture. While many MSPs have embraced the way of working in the new world and adapted their cultures to it, others continue to struggle. There are a few things I’ve picked up from speaking with...
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