How are you going to manage your finances as you transition from break-fix and solutions selling to managed services? How will the transition impact your cash flow? Get Started: Register to enter our Resource Center, where you’ll be able to download numerous guides to building and running your managed services business. And check back often. We post new guides in the MSPmentor Resource Center every week.
Worried about the credit crunch? Progressive managed service providers with solid business plans seem to be finding money when they need it. For instance, Leveraged Technology Inc. (LTI), which positions itself as a “total managed service provider,” has secured a $2 million financing facility from De Lage Landen Commercial Finance (DLL). Read More >
There are roughly 8,000 managed service providers in the United States, and the typical managed service provider generates $3.9 million in annual revenue.
Here are some other fast facts about typical MSPs, according to a presentation delivered today at the Ingram Micro Seismic Partner Conference in Chicago. Read More >
As the hype about software as a service (SaaS) and managed services continues, it’s sometimes difficult to keep track of all the startups and young companies that receive venture funding. But I just stumbled across a Web site that may help you track how investors are pumping money into SaaS and MSP start-ups. Read More >
Pick up today’s paper and you’ll see a stunning contrast between Intel and the broader economy. As economic indicators continue to weaken, Intel has announced record quarterly revenue — providing some welcome news to managed service providers and other IT-centric businesses.
Check out these dramatic quotes about economic conditions vs. Intel’s performance, from USA Today:
I’m upbeat about the managed services market and the IT channel, but I wonder: Will the mortgage crisis at Fannie Mae, Freddie Mac and IndyMac Bankcorp (among others) begin to impact small business IT spending, lending to small businesses, and the IT channel as a whole?
Unfortunately, I think this is a dangerous time in the history of financial media. Many of us (myself included) spend considerable time reading IT media sites and investment gossip sites that feature perspectives and opinions — rather than in-depth investigative reporting.
If you’re ignoring the financial crisis and hope it goes away, check out some of this coverage:
The MSPAlliance, working with Varilease, has launched a leasing program for its managed service provider (MSP) membership. Here’s a bit more on the MSPAlliance’s leasing program, along with other MSP industry leasing options. Read More >
You’re a managed service provider and you’re seeking to take your business from good to great. Here are five key mistakes you’ll need to avoid while building your start-up business. Read More >
So, you want to launch a small business or reposition your company as a managed service provider (MSP). What steps can you take to maximize your chances for success? I’ve written a four-part blog to cover that very question. Tune in each day this week for the next chapter. Here’s part 3: Cash flow.
.gif&contenttype=gif "ManageEngine")
