Starting an MSP at 40+: My 6-Step Plan for Success

🐸 Learn the "MSP Power Audience" system
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Considering starting a Managed Service Provider (MSP) business after 40? In this video, I share my insights and opinions on how to set up an MSP with a clear strategy to prepare for retirement. I delve into six crucial points: building with an exit strategy in mind, the importance of maintaining clean finances, having all clients under long-term contracts, understanding your pension goals, adhering to a 'No Clicky' rule to avoid getting bogged down in tech work, and building strong relationships with peers and potential competitors. Tune in for a comprehensive guide designed for those looking to build a scalable and sellable MSP business later in life.

00:00 Introduction: Starting an MSP Over 40
00:20 Building from Exit: Day One Strategy
01:19 Financial Foundations: Clean Books and Expert Help
01:50 Contracts: Ensuring Long-Term Value
02:54 Pension Goals: Planning for Retirement
04:20 No Clicky Rule: Owner's Role in Operations
05:23 Outsourcing and Project Management
07:43 Sales Focus: The Key to Growth
09:37 Building Relationships with Peers
11:02 Marketing Strategy: Local vs. Industry Specific
13:58 Legacy and Meaning: Beyond Business
16:04 Conclusion and Community Engagement