Startup MSP Pricing - What to do when a client approaches you to start a managed services business

It is not uncommon for IT people to receive offers from potential clients to start a business so that they can manage their IT without hiring them as internal staff. I know because I have seen it on Facebook, Reddit and it even happened to me.
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[AllThingsMSP]

Tell me how you priced your first managed service package...

[enmanueltejada]

Wow Eric, your content is unmatched! Im 20 and working in a help desk. I would like to get a side hustle started maybe a small MSP but have no idea how. Im really passionate about IT and your videos really help me a ton!

[henderstech]

Thank you for this channel. I appreciate the work you do.

[DrEagleTalon]

I love your content. Concise. Well made. Thought out and makes sense. A few things that hit me wrong and is constructive criticism. Intro is too long. If an intro is longer than a five seconds at most it’s already to long. Intros just aren’t necessary anymore now you get your pitch or summary of show in your bio or description and title. Linus Tech tips talked about this and about either cutting to two seconds or completely removing their intro they used for ten years because it just gets skipped by those who can easily and anyone who didn’t skip it wishes they could have.
Another is mentioned below, almost three minutes in and we only have an overview and question stated in title and an intro. With a video this short the first two minutes isn’t needed. Other than that I love your stuff and hope you keep putting out amazing stuff. Definite subscribe from me.

[kirksteinklauber]

Good analysis but typically your first client will not be that large to replace the income of your current job. You would start the new business as a side hustle and if you get the right volume that is important enough to dumb your main job income and dedicate to the new MSP. In this process then we can apply all the points that you are highlighting

[notsure]

The idea that a company is going to hire you in order to save money because "not big enough to budget internal IT" - is going to entirely support your startup MSP is patently absurd. If they're going to pay for all this stuff, why would they not hire an employee instead?

[DonZaloog]

Some constructive criticism if you're open to it.

I'm nearly 3 minutes in and you've yet to get to the point, much less expand on it. The editing is solid, and the premise is there, but you lost my interest after I got ~40% through the footage without having learned a thing. Otherwise, good content, subscribed!

[Eric-eyrm]

You don't necessarily need to quit your job if you are just getting your first client do you? Would seem a bit premature if you get 1 client or even 2 clients and quitting your job.

[manthing]

ahh I mean at some point I'll be able to pay myself... something... anything haha :-|