Don't Start an MSP

This came from a discussion with a consulting organization about "advice for immature MSPs".

And I just could not resist.

When all the messaging is "the opportunity is so big", we don't often address how HARD the technology business is, and that the business model of the software vendors is different from the provider one.

And thus when I boiled it down, "Don't Start an MSP" became my advice.

Looking forward to the discussion.

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[matthewadkins]

Great video. I'm really hoping the next one is "Instead of starting an MSP, Start This."

[aefgshwrthwrhnwrhnbw]

This video somehow embedded itself in the back of my brain and totally screwed my attempt at starting an MSP. I wish i wouldnt have seen it.

[profedelasmontanas]

“Don’t start an MSP”
Next sentence “We have crazy good margins”

[tortoiseandharesoftware]

Good points. MSPs are going to have to pass off some of the costs of regulations and insurance to customers as the industry evolves. There's going to be a lot of work needed around expectations management and buyer educations for MSPs to navigate those transitions, without leading to a bunch of destructive churn.

[Donarudo]

Great video. I'm a DoD contractor and have been thinking about starting an MSP in that space. This helped put things in perspective. Thank you. Earned my sub 👏🏾

[kevons]

You really scared me with this....so is it worth it starting or just waiting for the market to become more manageable?

[MiddleAgedAlien]

Great video, I was in the process of setting up a MSP, made me think twice

[XTenDaysX]

I have a friend who manages peoples IT stuff and contracts out small to medium businesses. He probably makes 10-13k a month. He's a 1 guy deal and forms relationships with the business owners and wants to add me as his first technician. Am I wrong for joining him and learning the business? All I have is A+ but he said he can bridge the gap. I think business is Appealing and want to learn the business.

[eointhomas]

Yeah definetly the point about taking on responsibility for security events is not worth the hassle

[johndurante]

What do you think of Connectwise? Could they, would they help you be able to navigate it?

[KevinNYC]

Entrepreneurs take risk and this guy is definitely not an entrepreneur I can tell the way he's talking. He's a nervous wreck I wouldn't even put them on my team

[manthing]

Good thing I turned down that 200k Director position to run my own.

[GREGELZZ]

old mate has no idea what his talking about