Chris WiserSerial Entrepreneur and MSP Growth Catalyst

Is Full Stack the BEST Option for MSPs or Are You Losing Money?

Name: Is Full Stack the BEST Option for MSPs or Are You Losing Money?
Uploaded: 2024-10-23T18:23:10Z
Channel: Chris Wiser
Description: Chris Wiser argues break-fix IT services can't scale profitably for MSPs. Managed services with monthly recurring revenue is the path to sustainable…

23 Oct 2024

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Chris Wiser argues break-fix IT services can't scale profitably for MSPs. Managed services with monthly recurring revenue is the path to sustainable income, with examples ranging from $30k to $100k monthly, and the lifestyle freedom that comes with predictable cash flow.

Going to build a profitable seven or eight figure business doing break fix work. It's just not. It's not feasible. There's no company in the world that really wants to do that way. You got to go kill your damn dinner every day. It's not fun. It's not easy. Recurring revenue is your path to wealth. It's your path to success is your path to profitability. And I got these guys on Reddit and on Facebook and they're like, why is this an idiot? Because you told me my breakfast company's dead. Fine, go sell your. I don't care. But why did we start business? To have to go kill our dinner every day or to maybe build a lifestyle for me and my family and all the stuff that I have. Right? Yeah, Brett, think about that. You were at 30 grand a month versus being at 100 plus thousand a month. Just recurring revenue. I could not have the privilege to bring my son with me. Yeah, brought your son along because of that. It's changed my life. Yeah. I love it. I love it.