Your MSP business will to some degree have passion surrounding it. Very few businesses start without some passion motivating the owner. However, if you only rely on passion, you’re apt to shoot yourself in the foot incidentally. Passion can lead a man into bad relationships, and athwart of the law. Good passion can make a coward into a selfless hero. Business will experience the same extremes, and that requires practically managing them. Several practical tips to help you focus passion positively in this regard include:
Ensure the Process from Proposal to Decision Is Simple
Your MSP business will have innumerable necessary decisions surfeiting operations. Some are minor, some major. Some you can make on your own, some require planning and agreement. Yes, you want checks and balances to help you avoid bad decisions, but you also want to ensure you don’t over-complicate things. At a certain point, you’ve just got to leap in the water and see what happens. Find where this point is for your business.
Making Plans a Priority
Plan as best you can. Give yourself flexibility and expect operational necessities to outpace projections measured out to the decimal. Even if things go right, sometimes additional opportunities crop up requiring financial facilitation. Advance planning increases your ability to take on such opportunities.
Understand Where You’re Strong and Where You’re Not
If your MSP is strong in terms of mobile tech and cloud computing solutions, as well as server installation, focus on that, rather than the app development of competition which your business has yet to fully mature. Of course, this is an example, but you get the idea: focus on providing and optimizing products and services at which you excel, not those which are a weak point.
An MSP business that plans, understands strengths and weaknesses, and simplifies decision-making is to be desired. This facilitates a sustainable and profitable balance between passion and practicality.