Yes, you read that right. Hiring a good MSP (Managed Service Provider) can help you ultimately sell your company for more money - we see it all the time. It might seem counter-intuitive considering we're often more expensive than the cheap IT companies out there, but hear me out.
Who buys small and medium businesses? Private equity, individual buyers, or your competitors. What do competitors and private equity and individual buyers all have in common? They want your business to generate revenue and operate efficiently even when you sail away to your new life of Florida beach houses and Wednesday morning golf rounds. So often I talk to business owners that are still in the day-to-day when it comes to IT. This is detrimental on two fronts.
1) Your time is so much more valuable spent improving your business, serving your employees, or adding more revenue.
2) We're so much better at IT than you.
The time you're spending buying new laptops, setting up new employees with access to applications and the file server can be better spent. Also, I can just about guarantee you that you're not doing enough to protect your business from bad guys if you're doing it yourself. If you're trying to sell, the LAST thing you want to have happen is a million-dollar ransomware event.
Truth be told, the process that a lot of private equity and large "synergistic" companies use to inject more value into your business after buying is to hire a company like S1 Technology to improve processes, resolve long-standing issues, and automate the business to a higher EBITDA multiple. Why not hire us before they buy you and get that value yourself?
This logic might run counter to your current beliefs because companies like us cost real money, but you know what they say? "Scared Money Don't Make Money."
If you're thinking about selling the business or raising money and want us to help you get IT and cybersecurity right, send us a message, and one of our eager salespeople will call you and leave voicemails until you finally decide to have a meeting with us.
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S1 Technology is a Managed Service Provider (MSP) that provides a security-first approach to a full range of managed IT services and support for small to mid-sized businesses.