Private equity investors, boards, and peer groups push MSP founders to improve their businesses. One founder admits wishing for less oversight but says accountability drives better performance. Without a board, peer groups or advisors can serve the same purpose.
Don't get me wrong, there are days when I feel like, oh, it'd be so nice to not have outside investors and not have this accountability. But I think on net, are we pushed to be a better business because there's some sense of accountability? Yes, I do. I do think that's by and large true. And it doesn't mean that founders who don't have that are not running good businesses. Not saying that at all, but I think accountability helps.
Yeah, 100%. You know, with all of the MSP owners that I talk to and work with, you know, it's the folks who don't have that, a board at this point, they're going to things like peer groups or working with somebody like me as a board-level type of advisor in order to like install that sense of accountability for them because you find folks that just, they're, you know, maybe they're coasting a little bit and maybe they're like, actually, I want this, but I feel pretty comfortable right now. So do I actually want to push myself? I'm not really sure. But then, but Ultimately, it's, you know, it's a really good thing to have accountability in place to ultimately get what you want, right? If you, well, if you want something and don't have it yet, then, well, there's a reason for that. And so other people can help you get there.
