Finance

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.

How to Track SaaS and Managed Services Funding

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 >

Economic Doom vs. Intel Boom

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:

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Fannie Mae, Freddie Mac and MSPs

Mortgage CrisisI’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:

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MSPAlliance Launches Leasing Program for Managed Service Providers

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 >

Five Common Mistakes That Kill Small Businesses

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 >

Four Secrets to Starting A Successful Business, Part 3

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.

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Four Secrets to Starting A Successful Business, Part 2

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 2: The two people you need to call before incorporating.

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The $100,000 Managed Services Myth

It costs a small fortune — $100,000 or more — to become a managed service provider. At least, that’s what some folks claim. Truth is, there are lots of ways to get started as an MSP without mortgaging your house or maxing out your business’s line of credit.

First, let’s start with some myths: Why do newcomers think they’ll need a big checkbook to become an MSP? Part of the problem involves market research, and the resulting editorial coverage. Here’s a prime example.

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