Tips for Scaling Your MSP - EP57
All Things MSPApril 20, 2024
57
00:43:3640.36 MB

Tips for Scaling Your MSP - EP57

This transcript is for the All Things/MSP podcast. In this episode, Eric and Justin discuss the topic of scaling an MSP business. They explore different strategies for scaling, including adding new services, marketing, and acquiring other businesses. They emphasize the importance of budgeting and planning for growth, as well as the need to delegate tasks and build efficient processes. The hosts also highlight the significance of staying up-to-date with marketing trends and continuously improving SEO strategies. Overall, they stress the need for hard work and dedication in order to successfully scale an MSP business.

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[00:00:38] So we've been dog sitting this dog, welcome back by the way.

[00:00:42] We've been dogs eating this dog.

[00:00:43] We took it on one of Michelle's coworkers had to go back to Japan for work purposes

[00:00:48] and she was away for, she's been away for three weeks.

[00:00:52] In the middle of that we took our vacation right so we were watching this dog and this

[00:00:55] dog is not trained and we did not know this when Michelle agreed to watch this dog, which

[00:01:00] is been a major bit of contingent.

[00:01:02] This dog has peed and pooped on everything and I do not like this dog and I am friendly

[00:01:07] to animals but I do not like this dog.

[00:01:09] And basically I spent a week and then we took a vacation and back this week training

[00:01:13] this dog to go outside and go to the bathroom outside.

[00:01:17] Yesterday Michelle was out, she had a work dinner.

[00:01:19] I was with this mutt the entire time and totally fine all day.

[00:01:25] And then like right before I went to bed, I like went up and I went into the bathroom

[00:01:29] and I had to keep him with me because I knew if I didn't if I let him go the second I

[00:01:32] walk into the bathroom you just peas in the bathroom.

[00:01:34] I'm like dude, you couldn't have waited two minutes for me to take you outside.

[00:01:38] I don't, if you're gonna ask someone to watch your pet for them, let them know

[00:01:45] that your pet is not trained and that you are a loser.

[00:01:51] He howls which doesn't make any sense because he's not, he doesn't have any howl in him.

[00:01:56] He's like a floof, he's like a doodle mix.

[00:02:00] They don't howl but yeah, he howls.

[00:02:04] Luckily Sunday is the last day.

[00:02:06] What did Bob Barker say?

[00:02:07] Be kind to your animals, spate or neuter your pets but also tell your friends that

[00:02:10] if you're gonna watch their animal whether or not you haven't trained your animal.

[00:02:14] Ben and Aaron and Aaron and Aaron.

[00:02:22] By the way, I like how the fact that you keep keeping in my Ben and Aaron and Aaron

[00:02:25] in the beginning of our clip stuff.

[00:02:27] Of course.

[00:02:28] It's your new thing.

[00:02:30] I think it's good.

[00:02:33] We haven't done the whole LD bit in a while.

[00:02:35] I know.

[00:02:36] Someone told me that we should stop because we're not gonna sponsor.

[00:02:40] We just keep talking about them because they're basically doing this stuff for them for free.

[00:02:43] That's true.

[00:02:44] We're doing it for free but you know what?

[00:02:45] It's still funny so who cares?

[00:02:47] It's funny.

[00:02:48] Hey, look at that.

[00:02:49] Hit us up.

[00:02:50] Facebook.com.

[00:02:51] All things MSP.

[00:02:56] You would think after I did that promo video at Exchange we'd be a shoe in but

[00:03:01] you know and maybe I'll insert that video here.

[00:03:04] You've seen the video right?

[00:03:05] I've shown it to you.

[00:03:09] For everybody else's viewing pleasure I'll go ahead and...

[00:03:11] Wait, if you're gonna do that you always pause us on some weird face.

[00:03:14] So here just pause it ready now.

[00:03:39] What's up everybody?

[00:03:48] Welcome to the All Things MSP podcast.

[00:03:49] My name is Justin Askar with me always is my good friend and podcast producer.

[00:03:53] Right there Mr. Eric Anthony who has been upping his podcast producing practices by

[00:04:01] pausing.

[00:04:02] That was good right?

[00:04:05] I got it pretty good.

[00:04:08] What's up buddy?

[00:04:09] How are you?

[00:04:10] I'm doing well.

[00:04:11] You know, busy week.

[00:04:13] Lots of podcast producing possibilities in the perspective places.

[00:04:19] That was good.

[00:04:21] If you like alliteration keep listening.

[00:04:25] It's our first week.

[00:04:26] We've been on vacation but we did Q of some episodes and Eric got those out so

[00:04:30] we hope everybody enjoyed it.

[00:04:31] But look we're back and we're recording today.

[00:04:33] We're back live in person.

[00:04:34] Hi, look we're real people.

[00:04:36] I want to talk about real quick before we get into like our further group segment which

[00:04:40] is a new segment we're coming out with.

[00:04:42] I want to talk about this hack thing.

[00:04:44] Not really hack this thing I showed you the other day and I was like did you see this?

[00:04:48] Yep.

[00:04:49] Because this is blowing my mind.

[00:04:51] Okay, so I don't have an article in front of me and I probably should let me just

[00:04:54] find our conversations here.

[00:04:58] This is from CNN.

[00:05:00] Finance worker pays out 25 million after a video call with deep fake Chinese with

[00:05:05] a chief financial officer.

[00:05:06] So this was a employee at a company was on a zoom with what he thought was the other

[00:05:13] employees including the CFO of the company but all of the other employees on the call

[00:05:17] were deep fake videos being rendered in real time if I if I'm understanding this correctly

[00:05:25] and this one employee paid out 25 million dollars from this company to the as CNN calls them

[00:05:36] fraudsters.

[00:05:39] That is insane.

[00:05:43] This is how bad it's getting and think about it this way.

[00:05:47] I mean you still have to get the meeting on somebody's calendar, right?

[00:05:53] But it's just a new way of fishing, right?

[00:05:56] They send an invite from a similar domain same tactics that they use for fishing.

[00:06:04] But now it's a calendar invite so it's not an email.

[00:06:08] You may not scrutinize it the same way that you do an email, right?

[00:06:13] Yeah.

[00:06:14] Who's who's going to suspect getting fished by a calendar invite, right?

[00:06:19] Unless unless real quick, everyone who's listening knows your Dell rep has tried this.

[00:06:28] I haven't had to deal with my Dell rep in quite some time.

[00:06:31] Dell Dell I don't know.

[00:06:32] I've gotten this before people send calendar in.

[00:06:34] But yeah, you don't you're right.

[00:06:36] People don't scrutinize those calendar invites and if and if you have things like auto

[00:06:39] except turned on just going to show up on your calendar and there you are in a zoom

[00:06:43] call with with fake fake CFO in the multi-person video conference.

[00:06:49] It turns out everyone that this person saw was fake said senior superintendent Baron

[00:06:56] Chun-Sung Ching told the city broadcaster RT this all took place in Hong Kong.

[00:07:02] Chance and the worker grown suspicious after he received a message that it was

[00:07:05] purported from the company's UK based chief financial officer.

[00:07:10] Initially, the worker suspected it was a fishing email as it talked out of the

[00:07:13] need for a secret transaction to be carried out.

[00:07:16] However, the worker put aside his early doubts after the video call because the

[00:07:20] other people in attendance looked and sounded just like as his colleagues.

[00:07:25] He recognized so this this person.

[00:07:29] Had a gut telling him what to do and in a very much high fidelity way,

[00:07:33] his gut had shit for brains.

[00:07:36] Well, I mean, it's just it's a scaling up of what the threat actors are doing

[00:07:42] in order to get at our pocketbooks.

[00:07:45] It's it's crazy.

[00:07:46] If you have a crazy story like this, please tell us.

[00:07:48] Hit us up at Facebook dot com slash groups slash all things on the street.

[00:07:52] All right to jump in today's episode.

[00:07:53] Speaking of Facebook group, Eric and I decided we're going to do a new

[00:07:57] little bit because we're going to try this out.

[00:07:58] And if it works or works, it doesn't.

[00:07:59] It's we're going to keep doing it anyway called from the group.

[00:08:09] And I think it's funny.

[00:08:11] I want to do the team's phone one because it has the most reach.

[00:08:13] And I think it's funny how this one has so much reach over everyone else.

[00:08:18] Top contributor, Nathan Rose writes, we need a replacement for team's phone.

[00:08:22] We're done trying to limp the solution along internally to our company.

[00:08:26] The system is flaky.

[00:08:27] Doesn't always answer calls having a few customers on it.

[00:08:29] All we get is complaints about dropped calls, call routing issues.

[00:08:32] One way audio the list goes on.

[00:08:34] This is not a solution that is working for us or customers.

[00:08:37] It seems to be causing pain on all fronts, looking for alternative

[00:08:39] solution to move as MS can't seem to figure out the telephony space.

[00:08:44] I have a lot of thoughts on this one, to be honest.

[00:08:51] Number one.

[00:08:51] OK, so I have a client who uses MS team.

[00:08:54] They had Vonage and they are full Microsoft shop.

[00:08:58] So they were the new CFO there was like, let's go use Microsoft teams.

[00:09:01] And they went into Microsoft's teams and the inter we're co-managed IT.

[00:09:04] So the internal IT guys moved them from Vonage to they got

[00:09:08] the license and the sales.

[00:09:10] They don't want support.

[00:09:11] They said we can handle it.

[00:09:12] Sure, they got the light that the CIP trunk comes from the local

[00:09:16] Internet provider like CenturyLink or Broadcom or something whatever.

[00:09:19] And they moved all the licenses over to MS teams.

[00:09:21] Right? Cool. Everything was fine.

[00:09:24] And then one day, half of the phone stopped working

[00:09:26] because the licenses for those users just magically disappeared.

[00:09:30] And when they opened a support ticket with Microsoft and got, you know,

[00:09:34] some third party Microsoft support vendor in wherever

[00:09:39] the answer was, we don't know what happened.

[00:09:41] Just reapply the license and everything will be fine, which, yes,

[00:09:44] fixed it. But the fact is, is like, why did those licenses just disappear?

[00:09:48] Right? There's a problem there.

[00:09:50] So I'm not a big fan of a company who can't control their licenses like that.

[00:09:55] That's my take on it.

[00:09:57] The other thing though about this, though, what really is getting to me

[00:10:01] and I'm wondering, Nathan, if your clients are in the same

[00:10:05] geographical area as you and if you're all using the same

[00:10:08] internet provider, because when you have problems like

[00:10:13] dropped calls and audio issues, that's not usually in my experience.

[00:10:19] And I could be wrong, but it's not usually the provider.

[00:10:21] That's usually the quality of the line of which your VoIP service is on.

[00:10:26] So I'm afraid that if you switch providers,

[00:10:29] you're going to experience the same problem.

[00:10:32] Well, and yeah, I agree with you.

[00:10:35] It is typically an infrastructure problem rather than a provider problem.

[00:10:41] Now, there's a couple of things in this that I want to unpack.

[00:10:46] Microsoft is not a telephony provider.

[00:10:49] OK, so depending on them for your entire telephony

[00:10:55] strategy, it's probably not a good idea.

[00:10:59] For Microsoft 365, yes, because they've been doing that for years

[00:11:03] for telephony, not so much.

[00:11:05] Now, I will plug on all things MSP sponsor here,

[00:11:09] Comtech, because they do exactly this.

[00:11:13] Like they pick up the telephony piece where teams leaves off.

[00:11:17] They still use teams, right?

[00:11:19] So you're still using that environment,

[00:11:22] which if you are living in that environment, having one environment instead of two,

[00:11:26] it's always a better thing.

[00:11:28] Yeah.

[00:11:28] But they have the telephony experience to make sure that

[00:11:32] that side of it is configured properly, working properly and all of that.

[00:11:37] They're providing the they're providing the SIP, the SIP trunk, right?

[00:11:40] Is that you're saying contact us?

[00:11:43] Contact them.

[00:11:44] I'm not sure.

[00:11:45] Probably, probably.

[00:11:47] Because that's what I'm thinking.

[00:11:48] What's wrong with this?

[00:11:49] You're providing all kinds of other parts of it as well.

[00:11:53] Yeah, because that's what I'm thinking here is like, you're right,

[00:11:55] Microsoft is not a telephony company.

[00:11:57] And so the question really stems here is who's providing

[00:12:03] the voice service, the SIP trunk for this, because teams is just the interface

[00:12:09] to use to go over a VoIP service.

[00:12:14] So you still need, like my client who has it, who has CenturyLink.

[00:12:18] CenturyLink in that case is the is the SIP provider.

[00:12:20] Is it?

[00:12:21] Don't use CenturyLink.

[00:12:21] They're horrible.

[00:12:22] But like they're the SIP trunk.

[00:12:24] They're the voice.

[00:12:24] They're the telephony in this case, whereas Teams is the front end.

[00:12:28] So going back to this, you know, I get out of Teams.

[00:12:34] I hate Teams, whatever.

[00:12:34] Fine.

[00:12:35] But the I don't know if necessarily leaving the Microsoft Teams environment

[00:12:39] is the problem here.

[00:12:41] I think the problem is you really need to take a look at your infrastructure,

[00:12:44] your connection with your telephony provider, your SIP trunk provider.

[00:12:48] Possibly there's a different one.

[00:12:49] Possibly internet problems.

[00:12:51] I always tell people when you're talking about telephony,

[00:12:54] and I know what you have to perform, because everybody loves to just manage

[00:12:57] based on speed.

[00:12:58] Right?

[00:12:58] Everyone's like, Oh, well, I have 100 make down 100 bang up.

[00:13:01] It should be fine.

[00:13:02] No, no, no, no, no, no.

[00:13:04] If you're doing anything with the voice and you want to make sure

[00:13:06] that the client is going to be OK, you need to use a jitter test,

[00:13:10] not a ping test, a jitter test.

[00:13:12] And you could just like I'll just Google on right now, jitter test

[00:13:16] internet.

[00:13:17] And the first one that comes up is

[00:13:20] cloud flare speed test.

[00:13:21] And there's also a ping jitter test from Fusion Connect and Ring Central.

[00:13:26] Do those because your ping time might be fine, your speed might be fine.

[00:13:30] But if there's jitter on the line, which is the hiccups along the line,

[00:13:34] your telephony is going to suck.

[00:13:37] Yeah. So you want to test these things before you go and sell a VoIP

[00:13:40] solution to a client.

[00:13:44] Nathan, thanks for the contribution.

[00:13:46] So yeah, Nathan, thank you so much for, you know, involving the group.

[00:13:50] There were 21 comments, so hopefully you got your answer.

[00:13:53] And if anybody needs help with using MSP teams and telephony,

[00:13:59] please reach out to our sponsor.

[00:14:02] You can reach out to Comtech at atmsp.link forward slash Comtech.

[00:14:09] Elevate your IT managed service provider business with SuperOps,

[00:14:13] the all in one platform that integrates RMM and PSA

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[00:14:27] Find out more at atmsp.link forward slash SuperOps.

[00:14:34] So we had a couple of developments this week, which were really good.

[00:14:38] We made the list of guards top YouTube channels for MSPs.

[00:14:44] That was exciting because it was not a very long list.

[00:14:47] I think eight, eleven, something like that.

[00:14:53] It wasn't 10, which we didn't care because we were number two

[00:14:56] and we stopped looking beyond that.

[00:14:58] So it doesn't matter how many are on there.

[00:15:01] Yes, but in the spirit of this being a lot of friends on there.

[00:15:06] So congratulations to everyone who made that list.

[00:15:07] Yes, exactly. And check all of them out.

[00:15:09] And then Jay McBain from Canalus released his top

[00:15:14] one hundred and twenty one channel podcasts for, you know, this year.

[00:15:19] And we made that list as well.

[00:15:22] Now, I think Jay did a very good thing here.

[00:15:24] He did it not by numbers, so they're not listed

[00:15:28] in any specific order except for alphabetical,

[00:15:31] which because we're all things MSP were like in the top five.

[00:15:34] So can't complain about that either.

[00:15:37] Thank you very much, Jay.

[00:15:38] I really was waiting for you to be like the top one hundred twenty one.

[00:15:40] And we made one twenty two because that would fit our M.O.

[00:15:44] a little bit better, you know.

[00:15:47] Well, if you're interested in checking out our YouTube channel,

[00:15:49] go to youtube.com slash at all things MSP.

[00:15:52] Follow us on all your podcasting tools.

[00:15:53] You're listening to us right now, so we're assuming you're subscribed.

[00:15:56] Don't forget to like and leave a review.

[00:15:59] OK, today's topic.

[00:16:01] We're going to talk today a little bit about scaling your MSP.

[00:16:05] What does that mean really to scale an MSP?

[00:16:07] Because we've talked about business growth in the past

[00:16:09] and we've talked about how if you're not growing, you're dying, things like that.

[00:16:14] The question is like, do you want when we talk about scaling,

[00:16:18] they talk about like, do you want to scale and what does scaling mean to you?

[00:16:20] Right. For me personally, scaling has always been

[00:16:24] I want to be the only ACN in the entire United States, which is like a

[00:16:28] we call that an L-hag, a large, hairy, audacious goal.

[00:16:32] And it's like, you got to have goals, Justin.

[00:16:34] You have to have goals.

[00:16:35] It's never going to happen.

[00:16:37] Fine. But, you know, with the pandemic and everything else,

[00:16:41] we've made pretty far and we've scaled our company through a couple of different

[00:16:44] models and we'll get into it.

[00:16:45] But I want you to take like a I want you to listen

[00:16:49] and take like a two second break here and say, like,

[00:16:52] what does it mean to me to scale?

[00:16:54] Do is it a matter of getting more employees?

[00:16:58] Do I want more locations?

[00:17:00] Do I just want more money?

[00:17:02] What does that mean for me in terms of scaling?

[00:17:05] Because not everybody wants to scale.

[00:17:08] And that's OK.

[00:17:09] A lot of people are comfortable in the sandbox or in stay there.

[00:17:12] But even with that, they still want a little bit more.

[00:17:15] They want more clients or they want more money.

[00:17:17] And that technically is scaling.

[00:17:18] They just don't think about it in the same light

[00:17:20] because a lot of people think scaling just means I need to add

[00:17:22] 100 more employees to my payroll, which is not true.

[00:17:26] And I think there's there's a very important distinction there

[00:17:30] between scaling in terms of revenue growth,

[00:17:33] which is going to bring all of those things, more employees,

[00:17:36] more clients, you know, all of those things

[00:17:39] are going to have to be involved to grow revenue significantly.

[00:17:44] Right? Yeah. Yeah.

[00:17:45] But I think profit you can grow profit very well

[00:17:50] on an existing client base. Oh, absolutely.

[00:17:53] You don't have to improve your net income

[00:17:57] by adding more clients.

[00:17:59] You can do it through adding more revenue to your existing clients.

[00:18:03] Obviously, there is going to be some type of cap there.

[00:18:06] But you can also more importantly grow revenue

[00:18:10] through efficiencies, which we will probably talk about

[00:18:13] in the next episode.

[00:18:14] And you can do it by increasing your profit margins

[00:18:19] by raising your prices as well.

[00:18:20] I think those are the two main ways for a managed service

[00:18:24] provider to increase that percentage of revenue

[00:18:28] to scale that way if you're running a business

[00:18:32] and you like the size of it in general,

[00:18:34] but you need to take home more out of it.

[00:18:37] Yeah. I think the idea of adding more products

[00:18:40] you're offering is always the first step

[00:18:44] even before the I want more clients thing because

[00:18:47] somewhere along the line, you'll and I know this

[00:18:51] from personal experience, that somewhere along the line

[00:18:52] you'll start adding clients and then clients will want more stuff

[00:18:54] and then you'll backtrack those products to the other clients.

[00:18:57] You could do it the other way, and it's going to be a lot easier for you.

[00:18:59] So if you're small enough and you want more money,

[00:19:04] more profit, starting about other things you can offer.

[00:19:07] So great examples would be add-ons to things.

[00:19:10] You're probably already selling reselling Office 365

[00:19:13] and Google Workspace.

[00:19:15] Think about selling spam and anti-fishing protection,

[00:19:17] whether that's, you know, an anti-spam fishing tool

[00:19:21] or you're doing fishing training or dark web monitoring

[00:19:24] or any of those things.

[00:19:26] Think about what it looks like for an encryption tool

[00:19:30] or do a project about, you know,

[00:19:32] running through their Microsoft security score.

[00:19:35] Those kinds of things, these are all add-ons that you can do now

[00:19:39] with your current client base without having to add more infrastructure

[00:19:45] and therefore you're adding more profit.

[00:19:47] So that's a great way to start.

[00:19:48] Look through what I would suggest is

[00:19:51] you need a spreadsheet, some sort of document.

[00:19:53] I'm sure you have this because you're keeping track of it.

[00:19:55] You're doing a good thing as an MSP

[00:19:56] and keeping track of everything your clients have.

[00:19:58] But go through and kind of like

[00:20:01] figure out an area of which that none of your clients

[00:20:05] are being taken care of in a certain way.

[00:20:08] And whether that is, you know, for example,

[00:20:11] maybe you don't do networks, OK?

[00:20:13] But you want to get into the networking game.

[00:20:15] You want to be able to manage networks

[00:20:16] or you know ubiquity really, really well,

[00:20:18] but you're not charging your clients with.

[00:20:20] Think about, hey, you know, 2024,

[00:20:23] people are getting back out there.

[00:20:24] Maybe offices are reopening.

[00:20:26] This might be a good time to refresh your hardware.

[00:20:29] Let's talk about refreshing with ubiquity.

[00:20:30] Oh, there's a 15 or 20 or 30, $50 monthly fee

[00:20:34] for us to take care of it for you.

[00:20:36] And that is backing up their ubiquity console and updating it.

[00:20:39] You know, something like that.

[00:20:40] Or if you want to get into more stuff

[00:20:45] without having to do more work,

[00:20:47] think about looking at like being a Sandler and partner

[00:20:50] or a Tullaris partner and looking for opportunities

[00:20:54] there for you to pick up.

[00:20:54] Actually, I was just talking to a client,

[00:20:56] a potential new client yesterday and they're a PC shop.

[00:20:59] Right? And we don't do PCs in any way, shape or form.

[00:21:01] I'm not taking on PC clients anymore at all.

[00:21:05] If you have Max with one PC because the bookkeeper

[00:21:08] sure but not an all PC shop.

[00:21:09] Right.

[00:21:10] And but the person who's at this client

[00:21:12] is an old client of ours from like from years past.

[00:21:15] They just got a new job.

[00:21:17] And I said, well, you know, listen,

[00:21:18] we don't do PCs anymore.

[00:21:19] And we're like, yeah, but we have Office 365

[00:21:21] and our data is in the cloud and we have VoIP

[00:21:24] and most people work from home.

[00:21:26] We only have the PCs in the office for the engineers

[00:21:29] and they need to remote in.

[00:21:30] I said, OK, cool.

[00:21:32] In my head, I immediately said,

[00:21:34] I can handle your Office 365.

[00:21:35] I can handle your email.

[00:21:36] I can handle email backup.

[00:21:37] I can handle email spam.

[00:21:39] I can handle your cloud solutions.

[00:21:40] I can handle this.

[00:21:42] And then for the computers,

[00:21:43] I don't want to handle those computers.

[00:21:44] So what am I going to do?

[00:21:45] I know because I'm a Tullaris partner

[00:21:47] that we can get what do they call it?

[00:21:51] Virtualized desktops, not virtualized desktop.

[00:21:53] Desktop as a service.

[00:21:54] Sorry, desktop as a service through many companies.

[00:21:58] One of them happens to be Sprint and

[00:22:02] they can instead of VPNing into their office

[00:22:04] to connect to their computer,

[00:22:05] we can just give them a computer in the cloud

[00:22:07] and they can just use whatever computer they want,

[00:22:08] including a Mac that we can take care of

[00:22:11] using Microsoft remote desktop.

[00:22:13] Right. But like all of those things,

[00:22:15] that's going to, I can scale that really easy.

[00:22:17] That's one and it's adding new services to a client

[00:22:20] without having to add a whole bunch more stuff.

[00:22:23] Yeah, absolutely.

[00:22:25] So and look for those things that are bigger add-ons

[00:22:29] if you need to add bigger profit.

[00:22:32] Voice over IP.

[00:22:33] If you're not doing voice over IP yet,

[00:22:34] that's one to do.

[00:22:36] I think AI, you've heard me talk about

[00:22:38] on the live stream a lot,

[00:22:40] the opportunities around building services around AI,

[00:22:44] primarily because your clients are going to use it.

[00:22:47] Whether you like it or not,

[00:22:49] you're going to have to support it

[00:22:50] and you better make more money on it

[00:22:52] by not only just supporting it,

[00:22:55] but actually promoting it

[00:22:57] and helping it add to their productivity.

[00:23:00] Yeah.

[00:23:02] So there's a lot you can do internally.

[00:23:03] So let's say you squeezed all the blood

[00:23:06] from those stones

[00:23:08] and you're selling them all these products.

[00:23:10] I mean, not that I'm going to promote

[00:23:13] ASUS Conference again,

[00:23:14] but ASUS Conference 2016, our second year,

[00:23:18] Will O'Neill, who's a good friend of mine,

[00:23:19] runs a Mid-Atlantic Computer Solutions down in Virginia,

[00:23:24] did an entire presentation

[00:23:25] about things you can sell to clients.

[00:23:27] You can sell them domain names.

[00:23:28] You can sell them DNS.

[00:23:29] You can sell them SSL certificates.

[00:23:31] You can sell them VoIP.

[00:23:32] You can sell them this.

[00:23:33] Like this entire list,

[00:23:34] and we were doing that in 2015,

[00:23:35] people are still not doing it now, do that.

[00:23:37] Okay, cool.

[00:23:37] Next, let's talk about scaling your business

[00:23:41] and what are we going to do about getting you more work?

[00:23:45] In my mind, there's two ways to do this.

[00:23:47] There's marketing and getting more clients that way

[00:23:52] and then there's buying businesses,

[00:23:53] which is a very hard thing.

[00:23:55] And we've talked to Adam Borst from VISTA Partners

[00:23:57] about mergers and acquisitions a couple of weeks ago.

[00:24:00] There's a lot to unpack about buying a business

[00:24:02] and I can go in,

[00:24:03] so we can do a day of like,

[00:24:05] you want to grill me on the questions

[00:24:07] for me acquiring businesses, we can do that.

[00:24:09] But yes, you can acquire business

[00:24:10] and that is a great way to scale.

[00:24:12] That's how I brought my business up to be multi-state

[00:24:16] and all of these things

[00:24:17] and I added additional services

[00:24:18] like being an Apple Authorized Service Bride or something.

[00:24:21] But it takes a lot of risk

[00:24:23] and a lot of money to do that.

[00:24:25] You may not be there yet.

[00:24:26] So listen to me.

[00:24:27] What I want to talk about is adding more clients

[00:24:29] and how to scale that way just from marketing.

[00:24:32] And we've talked about marketing a lot

[00:24:34] but there's a reason we talk about it a lot, right?

[00:24:36] Because it's forever changing

[00:24:39] and you got to stay up with it.

[00:24:41] I think it's really funny because I was,

[00:24:43] as a member of the Apple Consultants Network,

[00:24:44] we get invited through these webcasts

[00:24:46] by what I call it the ACN corporate

[00:24:48] which is the people who work at Apple

[00:24:49] who run the program.

[00:24:51] And they did one,

[00:24:52] I want to say last month or two months ago

[00:24:53] about Apple was like,

[00:24:55] here's how you do SEO for your website.

[00:24:57] And I watched the entire thing

[00:24:59] and I was like, this is so generic

[00:25:01] to the point where like I was like,

[00:25:02] and I really asked,

[00:25:03] I said like, is there anyone not already doing all of this?

[00:25:06] And there were so many people who said yes

[00:25:07] and I was like, that scares me.

[00:25:11] Because like if your website hasn't been updated,

[00:25:14] I think that this morning while I was getting ready,

[00:25:16] I actually want to go through,

[00:25:18] after we record here today,

[00:25:19] I'm going to go through all my websites

[00:25:21] and make sure that my copyright

[00:25:22] on the bottom of my footer says 2024

[00:25:25] because it's even like those little things.

[00:25:27] I had a client who's WordPress updated

[00:25:29] and I was like, your copyright says 2022

[00:25:30] and they're like, yeah, we don't care.

[00:25:33] But SEO for your website is all about building up

[00:25:38] who you are and where you are

[00:25:40] because you want people to be able to find you.

[00:25:44] I've done something which I think is kind of unique

[00:25:47] and I'm going to share with you guys,

[00:25:48] you can take this one,

[00:25:49] is our website is a CMS

[00:25:53] and I actually created landing pages

[00:25:56] with the zip codes I think people are going to search for

[00:25:59] when they're in a Google search.

[00:26:01] So I've actually created pages

[00:26:02] that are called Mac help 1001

[00:26:06] which is the central zip code for New York City.

[00:26:09] And the page says like,

[00:26:10] you've landed on this great page,

[00:26:12] we're here to help,

[00:26:13] this is the button to click to get in contact with us,

[00:26:15] let's get started.

[00:26:16] And I've made that same page

[00:26:18] from multiple zip codes in multiple states

[00:26:21] because you never know what people are going to search for

[00:26:23] and it's worked.

[00:26:24] I watched those numbers tick properly

[00:26:27] in relation to like our normal Google searches

[00:26:30] because we are actually writing the words

[00:26:33] that people are searching for.

[00:26:35] Too many of us as MSPs think that our clients

[00:26:38] are going to search for us in the way we think we are.

[00:26:43] No one's searching MSP,

[00:26:45] no one's searching managed service provider

[00:26:47] in New York City.

[00:26:48] They don't know what it is,

[00:26:49] it's an industry term.

[00:26:50] But if you write,

[00:26:51] I need help with my Mac in New York City,

[00:26:54] you will probably,

[00:26:55] I'm gonna do that real quick,

[00:26:56] but I don't show up,

[00:26:58] but like they ask the idea.

[00:27:00] You better show up.

[00:27:02] I need help with my Mac in New York City.

[00:27:08] And while you're doing that,

[00:27:09] you talked about M&A being one way to grow

[00:27:14] and really what we're talking about here

[00:27:15] is we're talking about growing customer base.

[00:27:18] Because obviously the larger your customer base,

[00:27:21] whether you grow it through sales and marketing

[00:27:23] or whether you grow it through M&A,

[00:27:25] you are growing that revenue,

[00:27:29] growing that revenue,

[00:27:30] but also remember that growing revenue

[00:27:34] doesn't necessarily translate to profits.

[00:27:36] So you need to be very careful

[00:27:38] and make sure that your profits

[00:27:41] are going to cover the acquisition

[00:27:43] or the sales and marketing,

[00:27:45] which is what I wanted to talk about

[00:27:46] just a little bit here

[00:27:48] is you have to have money to do this.

[00:27:52] Whether you're gonna buy somebody else

[00:27:54] or whether you're gonna really do a push

[00:27:55] on sales and marketing,

[00:27:57] you have to have it budgeted into the profit

[00:28:01] of your existing clients

[00:28:04] in order to pay for the sales and marketing

[00:28:06] or acquisitions of the new customers.

[00:28:10] So just keep that in mind

[00:28:13] that it does take money to make money,

[00:28:15] the old adage,

[00:28:16] and you need to be planning into your profit margin

[00:28:21] the fuel, the energy, the money

[00:28:23] to be able to do those things.

[00:28:25] That's a Mike McCallow it's move,

[00:28:26] profit first, right?

[00:28:28] It's the same I mean,

[00:28:30] and what's funny is that profit first

[00:28:31] isn't even like a new concept.

[00:28:33] Oh it's back on that bookshelf.

[00:28:34] Yeah, I don't remember mine is in the door.

[00:28:37] It's not even a new concept.

[00:28:38] It's like our parents, parents used to do that

[00:28:41] when they would get their paychecks in cash

[00:28:42] and they would put one in an envelope

[00:28:44] and one in an envelope and one in an envelope.

[00:28:45] That's all it really is, right?

[00:28:47] If you're thinking about doing something like this,

[00:28:49] take 1% of your monthly income,

[00:28:53] monthly revenue

[00:28:54] and put it in a bank account called profit.

[00:28:59] And then from there,

[00:29:01] that's gonna be the money you spend on sales marketing

[00:29:03] or acquisitions or things like that.

[00:29:06] This way it's not coming out

[00:29:07] and you build it up over time, right?

[00:29:09] Like 1% doesn't seem like a whole lot

[00:29:11] but when you, if you can pull in $100,000 a month

[00:29:15] which isn't terribly hard to do depending on your scale,

[00:29:19] you know, you're able to,

[00:29:21] or let's say let's make it even easier.

[00:29:22] Let's say $50,000 a month, right?

[00:29:24] 1% of that is what?

[00:29:26] 500 bucks.

[00:29:27] So you put 500 bucks away,

[00:29:29] the end of the year you got six grand

[00:29:31] that you could spend on marketing for the following year

[00:29:34] to make that 50,000 now 100,000

[00:29:36] and you build it up that way.

[00:29:37] I know I'm being really like aloof about it

[00:29:41] in like these big grandiose numbers

[00:29:43] but like it works at any scale.

[00:29:46] Right.

[00:29:48] So, I don't know if you're trying to delay.

[00:29:51] I pulled a U because if anyone's watching this

[00:29:53] on YouTube, Eric muted it and coughed

[00:29:55] and then somehow or other pass it to me through StreamYard

[00:29:57] and then I had a mute and cough because that's what is.

[00:30:00] Okay, so I don't show up on page one

[00:30:01] with I need help with my Mac in New York City

[00:30:03] only because I'll tell you why.

[00:30:05] All of the bigger names get in the way.

[00:30:07] So Apple, Yelp all get in the way

[00:30:12] but there's a couple of my friends in here like,

[00:30:16] where is he?

[00:30:17] Mike's Tech Shop who's been around since like the 80s.

[00:30:21] Mike Volchek who runs like one of the few

[00:30:24] in New York City repair shops.

[00:30:28] Now the tech server's gone, he's taking all of them

[00:30:30] but a lot of this is like Yelp and Reddit

[00:30:33] and things like that.

[00:30:34] So I'm gonna have to work on this

[00:30:36] and try to build this up because I wanna get better

[00:30:39] maybe because my SEO is built for a different terminology

[00:30:43] but this is what I'm talking about.

[00:30:44] This is how you learn, right?

[00:30:45] And I'm gonna spend some time now

[00:30:46] figuring out these results

[00:30:48] and building pages to fix this

[00:30:52] so I can actually show up properly

[00:30:53] when people search for this.

[00:30:54] That's another good point that I wanna bring up

[00:30:58] is the fact that a lot of people

[00:31:01] because a lot of MSPs are smaller, right?

[00:31:05] You have more time than money

[00:31:07] but you gotta spend the time too.

[00:31:10] So make sure that if you are trying to grow

[00:31:13] and you don't have a lot of money

[00:31:15] that you are putting in the time

[00:31:17] because time translates to money.

[00:31:20] I don't wanna go into that whole thing

[00:31:21] but it does make a difference.

[00:31:24] The amount of time, the amount of attention

[00:31:27] you give to something will make a difference

[00:31:29] in the long run.

[00:31:30] Yeah and you have to just,

[00:31:32] I mean the problem with all of this

[00:31:34] is that it's not a set it and forget it kind of process.

[00:31:38] It is an ongoing thing always

[00:31:40] which is why so many of us always like,

[00:31:42] oh I need a marketing person,

[00:31:43] I need a sales person.

[00:31:45] In the very beginning you can't afford a sales person

[00:31:49] or marketing person to be honest

[00:31:50] and so therefore that has to become time.

[00:31:53] So you have a different,

[00:31:54] like spend the time to make the money,

[00:31:57] you get the money to pay someone to do it

[00:31:59] so that way you have the time now to do something else.

[00:32:02] That's the truth behind scaling, right?

[00:32:05] I always talk about like when a lot of MSP owners

[00:32:08] come to me and they go,

[00:32:13] when do I,

[00:32:14] you got it?

[00:32:15] All right we'll just call this out.

[00:32:16] No, so I have the book, it's queued up

[00:32:19] for to be one of my next books

[00:32:21] that I actually dive deeper into

[00:32:23] called Buy Back Your Time

[00:32:24] and it talks exactly about that

[00:32:26] and there is that exact scenario

[00:32:29] that you talked about.

[00:32:30] You use your time to get money

[00:32:33] and then you use your money to get back your time

[00:32:36] and there's a cycle to that

[00:32:38] and there's a process to that

[00:32:40] and it's in the book called Buy Back Your Time.

[00:32:43] What I was gonna say was like

[00:32:44] I have a lot of,

[00:32:45] when I do a lot of one-on-one consulting

[00:32:46] I have a lot of MSPs who come to me

[00:32:47] and they say,

[00:32:48] hey how do I know when I need a second person

[00:32:52] and I say how busy are you?

[00:32:54] And they're like, oh I'm so busy

[00:32:56] and I'm like okay,

[00:32:58] how much work are you getting

[00:33:00] give this second person?

[00:33:00] He's like well if I'm at 100%,

[00:33:03] I'm probably around 120% of my time.

[00:33:04] I'll give them the 20%

[00:33:06] and no, no, no, no, no, no, no that's wrong.

[00:33:08] You need to give them 80% of your time

[00:33:13] right, this way you're down to 40.

[00:33:15] They're running in that stuff

[00:33:16] and you've now gotten back,

[00:33:18] let's say if you wanna get to 100%,

[00:33:19] 60% of your time back

[00:33:21] to be able to do those other things

[00:33:23] and it's the same thing with the money trick.

[00:33:25] You give somebody your stuff,

[00:33:28] you now have more time,

[00:33:29] spend that time doing something else

[00:33:31] and then unload it onto someone else.

[00:33:34] That's the true business way of scaling, right?

[00:33:38] Because what's the one thing I hear every MSP say,

[00:33:41] oh man, we wear so many hats.

[00:33:43] Yeah dude because you,

[00:33:46] if you're a solopreneur,

[00:33:50] right, if you're a solopreneur,

[00:33:52] you have to be able to like handle all these things.

[00:33:55] You're handling tickets,

[00:33:56] you're handling billing,

[00:33:57] you're handling all of your personal finance,

[00:34:00] you're handling marketing,

[00:34:01] you're handling sales,

[00:34:02] you're handling support,

[00:34:03] you're handling vendor relationships,

[00:34:04] all these things.

[00:34:05] Well and let's be fair Justin,

[00:34:08] we're all control freaks.

[00:34:10] Yeah, no 100%.

[00:34:14] This is why I have a problem,

[00:34:15] I get called out for micromanaging

[00:34:17] and I'm like, I don't micromanage,

[00:34:18] I'm in IT.

[00:34:22] But yeah, you should pick an avenue,

[00:34:25] work on it

[00:34:27] and then unload it to someone else

[00:34:28] and then pick the next avenue.

[00:34:31] And if that's, you wanna rev fast

[00:34:32] and you wanna get a lot of clients' grants,

[00:34:34] work on sales,

[00:34:35] sell, help your clients

[00:34:38] and then every second you're not helping your clients

[00:34:40] be making sales calls,

[00:34:41] sending emails,

[00:34:43] work on your email list,

[00:34:44] work on your website,

[00:34:45] do all those things

[00:34:46] that the people who send you

[00:34:47] the big red envelopes talk about.

[00:34:49] Like do all that stuff.

[00:34:50] When you get to the point

[00:34:51] where you've exhausted your sales abilities,

[00:34:53] hire a sales person

[00:34:55] and now start working on internal marketing,

[00:34:58] getting your website up to date,

[00:34:59] getting all these other things.

[00:35:00] Cool, you did that great,

[00:35:01] hand that off to a marketer.

[00:35:03] Now you have a lot of clients

[00:35:04] who are coming in also

[00:35:04] because you've just done all these sales.

[00:35:06] Get a second technician.

[00:35:09] Third technician, whoever.

[00:35:10] Then build it and then with them together,

[00:35:14] workshop your internal processes

[00:35:16] because most likely what worked for you

[00:35:18] as a ticketing system

[00:35:19] doesn't work for all three of you.

[00:35:21] Yeah, I mean personally

[00:35:23] I have always used the process of doing it myself,

[00:35:30] sometimes even recording myself doing something

[00:35:34] before I hand it off to somebody else

[00:35:36] because a couple of different things.

[00:35:38] We're in a service business, right?

[00:35:40] So the way we do things matters

[00:35:43] and that is quite often

[00:35:45] a unique selling proposition

[00:35:48] of the service that we're selling to a client.

[00:35:50] IT is not just a commodity.

[00:35:53] Don't swallow that blue pill, okay?

[00:35:58] Make sure that the way you're doing it

[00:36:01] and the way that has made you successful

[00:36:04] is the way that's being duplicated

[00:36:06] when you hand that off to somebody else

[00:36:09] because especially if it's a customer facing person,

[00:36:12] the way you did it is why your clients came to you

[00:36:15] and why they stay with you

[00:36:16] and you wanna make sure

[00:36:17] that they're doing it the same way.

[00:36:19] Yeah, you wanna keep them happy.

[00:36:20] If you're big on white glove,

[00:36:23] you need to explain in detail to yourself.

[00:36:25] And this is true whether it's staff

[00:36:27] or even like a virtual assistant.

[00:36:29] We've talked about this before also

[00:36:30] and everyone who's talked about virtual assistants

[00:36:32] says the same thing, right?

[00:36:34] Give the virtual assistant a job,

[00:36:36] record yourself doing it, give it to them

[00:36:37] and then have them record themselves doing it

[00:36:40] and writing its documents in that way

[00:36:41] the next virtual assistant can handle it.

[00:36:43] But like that's just,

[00:36:45] that is that reiterative process

[00:36:48] that everyone has to go through

[00:36:49] and that's true for all of your things

[00:36:50] whether it's sales, marketing,

[00:36:52] getting new clients or whoever.

[00:36:53] So there's a lot of different avenues here

[00:36:56] in terms of how to scale.

[00:36:59] It comes down to what you feel most comfortable with

[00:37:02] right now, what your long,

[00:37:05] your short and long-term goals are

[00:37:08] and how you're going to accomplish that

[00:37:09] is gonna be determined by what those goals

[00:37:12] are going to be.

[00:37:13] I always tell people, I always suggest to people

[00:37:17] open up Word, get rid of Clippy

[00:37:21] and make a table that's four columns wide.

[00:37:25] Six months, one year, three years, five years

[00:37:28] and then put underneath that your goals for that time

[00:37:31] and that'll help you visualize

[00:37:33] which way you need to go and what you need to do next.

[00:37:35] Even the six months, you're like,

[00:37:36] I wanna ramp up selling spam protection

[00:37:41] because I know it'll make me a profit of 100% margin

[00:37:46] on this number.

[00:37:49] Focus on what that looks like

[00:37:50] and do nothing but that.

[00:37:52] I mean, obviously keep helping your clients

[00:37:53] but do all your other times should be nothing but that.

[00:37:56] Whether that's selling, sending emails,

[00:37:58] setting up webinars, learning as much

[00:38:00] as you can about the product,

[00:38:02] building out new landing pages on your website,

[00:38:05] running them through chat GBT to fix all your spelling errors,

[00:38:08] run that through another website

[00:38:09] to fix all the chat GBT errors.

[00:38:11] Like whatever, build all that out.

[00:38:15] Get to the point where you're like, I've hit this goal.

[00:38:18] What's the next one?

[00:38:21] That's how you build.

[00:38:22] It's consistency and to be honest, it's just hard work.

[00:38:27] Put in the time.

[00:38:28] For sure.

[00:38:30] And to me, I kinda use the map analogy.

[00:38:34] First thing is you gotta know where you're at.

[00:38:36] So you gotta know what your profitability is,

[00:38:41] where, what kind of clients you have,

[00:38:44] which clients are more profitable

[00:38:46] so you know which ones to go after,

[00:38:48] which ones are gonna adopt new technologies faster,

[00:38:50] those kinds of things.

[00:38:52] Then you have to know your goals

[00:38:53] just like Justin laid out.

[00:38:55] But then you gotta figure out,

[00:38:56] okay, what are the action steps

[00:38:59] that are gonna get me to those goals?

[00:39:01] And how much work, how many phone calls,

[00:39:05] how many letters do I need to send,

[00:39:07] how many emails do I need to send,

[00:39:09] whatever the numbers are,

[00:39:10] the activity of those actions

[00:39:14] that's gonna get you to those goals,

[00:39:15] you have to set those up as,

[00:39:17] okay, I need to do this much this week,

[00:39:19] this much next week

[00:39:20] in order to be able to build that map

[00:39:24] to get from A to B.

[00:39:27] Ooh, it's your treasure map.

[00:39:30] You pirate.

[00:39:34] I like when I get to do,

[00:39:35] I like when I get to make pirate puns on the podcast.

[00:39:40] Well look, I think we've covered a lot of this.

[00:39:43] It's tough work, it's hard work,

[00:39:45] it's not easy, I'm not gonna lie.

[00:39:47] But if you're interested in learning more

[00:39:48] about how to scale your business,

[00:39:50] please hit up Eric and I on the Facebook group,

[00:39:52] facebook.com.

[00:39:53] Facebook.com.

[00:39:55] Facebook.com.

[00:39:55] Group slash all things MSP.

[00:39:57] Yep, follow us on YouTube and check out the pirate,

[00:40:00] it's on that side, the pirate poster

[00:40:02] at youtube.com slash at all things MSP.

[00:40:05] I still don't understand how teleprompter

[00:40:06] is crisscross my lines.

[00:40:09] Like, subscribe, review, we wanna hear from you

[00:40:12] and you know, hit us up, maybe next time

[00:40:13] you'll be a guest on All Things MSP.

[00:40:16] Bye.

[00:42:25] Thanks for listening and don't forget to subscribe

[00:42:27] to us on your favorite podcast platform.

[00:42:30] You can also follow us on Facebook,

[00:42:32] but better yet, go ahead and join the Facebook group.

[00:42:35] You can also follow us on Instagram if that's your thing

[00:42:39] and make sure you subscribe to our YouTube channel

[00:42:42] at All Things MSP to catch us in all of our video glory.

[00:42:46] And last but certainly not least,

[00:42:48] if LinkedIn is your thing,

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[00:42:52] And a special thank you to our premier sponsors,

[00:42:54] SuperOps, Movebot, Gozinta, EasyDMark and Comtech.

[00:43:02] And we also wanna thank our vendor sponsors.

[00:43:11] The All Things MSP podcast is a BizPow LLC production.

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