Mergers and acquisitions are becoming increasingly prominent in our space. In fact, based on a recent SLI survey, over 70% of MSPs are expected to explore buying, selling, or merging within the next five years. Each of us will exit our business at some point, but what's important is legacy.
I had the pleasure of speaking at IT Nation Connect in Orlando and discussing the four plans, along with the entrepreneurial journey. Both are critical considerations for executing an M&A strategy, whether you are buying or selling. Your planning should center around our plan areas-legacy, leadership, life, and business-so you understand what a good fit looks like, and how to execute to achieve your desired legacy.
You need to understand where it is you want your company to go. From there, invest in your people, and create a leadership plan to become better. Make sure to focus on life planning outside of the workplace, alongside your business plan.
Be sure to visit
to sign up for our Path to Success Spotlight Series, including a webinar that further explores mergers and acquisitions. Other webinar topics include security, planning for success, and as-a-service.
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