November 20, 2024

Revolutionizing MSP Economics with Fred Voccola

51 minutes

The Managed Service Provider (MSP) industry is poised for massive growth to serve the technology needs of small to mid-sized businesses (SMBs). But there’s a massive hurdle in their way. The core unit economics of MSPs are broken.

Today’s guest, Kaseya’s CEO Fred Voccola is on mission to fix that problem. Kaseya is not only revolutionizing the MSP business model but is also contributing to the stability and growth of the global economy. This mission-driven approach ensures that Kaseya and its partners are aligned toward creating lasting value.

Key Takeaways

Here are the top five drivers Fred shared for Kaseya’s mission to change Managed Service Providers (MSP) economics:

Massive Market Opportunity: The MSP market is incredibly large and continuously growing. This is driven by explosive growth of small to mid-sized businesses (SMBs) in consuming technology. By fundamentally improving the economics for MSPs, Kaseya aims to capture a significant share of this lucrative market.

Addressing Broken Unit Economics: MSPs provide critical services to their clients but face financial constraints due to inefficient business models. Many operate on thin profit margins, often around 10%, which is unsustainable. Kaseya’s mission is to rectify these broken unit economics by providing a comprehensive, integrated platform that lowers operational costs and increases profit margins.

Empowering SMBs: SMBs are the backbone of most economies around the globe. However, these businesses often lack the IT infrastructure and expertise to manage their technology needs effectively. Kaseya’s mission includes empowering these SMBs by enhancing the capabilities and profitability of the MSPs that serve them. By doing so, Kaseya contributes to the economic stability and growth of these small enterprises, which, in turn, fuels entrepreneurial success and job creation.

Combating Cybersecurity Threats: Cybersecurity is an escalating concern, with small businesses being prime targets for ransomware and other cyber threats. Kaseya’s mission aligns with the broader goal of enhancing cybersecurity readiness for SMBs. By improving MSP economics, Kaseya ensures that MSPs have the resources and tools necessary to provide robust cybersecurity solutions, thereby protecting their clients from cyber attacks.

Mission-Driven Fulfillment: Beyond financial gains, Kaseya’s leadership is motivated by a mission-driven ethos. Improving MSP economics enables these service providers to deliver higher quality, more consistent services to their SMB clients. This mission fosters a sense of purpose within Kaseya’s team and its partners, creating a culture that is focused on making a meaningful difference in the world.

LINKS & RESOURCES

Connect with Fred on LinkedIn

Download The 2024 MSP Benchmark Survey Report

Learn How to Power Up MSPs with Dan Tomaszewski

Listen to Rob Rae on How to Find, Engage, and Inspire MSPs

Try Impartner Partner Management

The post Revolutionizing MSP Economics with Fred Voccola first appeared on Channel Journeys.

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