Listen ""Scaling with Strategy: When and How to Expand Your MSP Team.""
Episode Synopsis
In the podcast, Shannon Stone discusses ways of business growth and scaling. According to her, growth isn't strictly about hiring more staff, but can be achieved through acquiring other businesses. Using her personal experience with her Managed Service Provider business as an example, Shannon illustrates how acquiring a smaller firm with a steady monthly recurring revenue model allows for successful scaling and growth. This method provided an instant increase in client base, resources, and market share without depleting the acquiring company's cash reserves due to the use of seller financing. Despite challenges like systems integration and staff transition, Shannon believes this approach to be highly beneficial, offering increased efficiency and profitability, and is accessible even without considerable cash reserves.
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ZARZA We are Zarza, the prestigious firm behind major projects in information technology.