A Starter Guide to IT Managed Services

Kaseya | A Starter Guide to IT Managed Services Introduction: Why Should I Read This Guide? This guide will help you: Dear IT Solution Provider & Services Professional, ¦ I had an interesting conversation with one of our managed services customers the other day. We were discussing the journey he took as his IT services company grew from a one-man show to an 18-person managed services company with $3 million in revenue in just a few years. He said it was a tough transition, but it was worth it. However, what struck me was the motivation behind transforming the business. Develop and execute on a solid business strategy for running a managed services company ¦ Choose the right IT systems management solution to help enable your vision ¦ Price your managed services fairly, competitively, and profitably ¦ Understand MSP pricing and profit scenarios including cost, profit, and MRR/project/breakfix calculations and analysis ¦ Avoid some common pitfalls ¦ Understand the benefits that come with implementing managed services correctly ¦ Understand how an IT service provider successfully rolled out managed services for its customers and transformed into one of the largest MSPs in the country Here is what he said: “I had been working for years in a break-fix model and was making enough money to be comfortable. Then it occurred to me. I had built a nice job for myself but it was far short of a business. And that’s what I really wanted. I wanted to build a business, and I knew that I had to get serious about managed services.” It was the perfect light bulb moment. He had built a job but wanted a business. That’s what this “Starter Guide to IT Managed Services” is all about. Kaseya works with hundreds of companies that have transformed their one-man shops into successful managed services businesses with thousands of managed end points. By embracing the Kaseya IT Automation Framework, these customers have formulated and executed on a managed services strategy that allows them to manage thousands of systems robustly, reliably and securely with just a handful of technicians. So, take a walk with us. Read this guide. Turn your job into a business. Sincerely and best of luck, David Castro Director, Marketing Kaseya | A Starter Guide to IT Managed Services Part 1: The Role of the MSP Let’s start with a joke. What’s the difference between a traditional IT service provider and a managed service provider? The will and the knowledge to succeed. Ok. It’s not very funny. In fact, it’s not funny at all. But it’s the truth. The only thing standing in the way of transforming your break-fix provider into an MSP is you. You have to want it, and you have to know how to run a business. The role of a managed service provider is to provide quality IT services to customers quickly and efficiently for a consistent, low price. But there’s a second part. The role of an MSP is also to make money. Remember, you aren’t just building a job for yourself. You’re building a business, and businesses need to be profitable. Finding the right technology is the easy part; management solutions are just tools. MSPs need to focus on the business aspects of managed services, blending a solid business strategy with the right tool that will enable you to implement your vision. Why I want to be an MSP ¦ MSPs are approximately 200-400% more profitable than non-MSPs ¦ Pure play MSPs are approximately 25-50% more profitable than hybrid model MSPs ¦ MSPs are 3x to 10x more valuable than traditional VARs Source: Kaseya Worldwide Customer Survey, 2012
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