Friday, December 18, 2015

Hiring Your First Employee - Part 2

Last week I posted Video#1 about hiring your first employee. You can read that blog post here.

This week I posted Video #2. It's about practical advice that you need to consider. After all, the biggest move you'll ever make in a micro business is to more from one person (you) to two people. That's a 100% increase in personnel, with significant increases in salary, complexity, and commitment.

LOTS of people have done this, and you can to. Here are some tips to make sure you don't end up make some big mistakes.



Don't forget to subscribe to my YouTube Channel. And leave your feedback!

:-)

Wednesday, December 16, 2015

IT Sole Proprietor? We Got Your Office Christmas Party Here!

The World's Largest MSP Holiday Office Party

Join SMB Nation and other MSP's
Thursday, December 17th, 2015 at 12:00pm 
Register Now - Click Here

Join us for the Geek Holiday Party 

- all from the comfort of your own office!

Join me and Harry Brelsford from SMB Nation - Live Thursday at Noon Pacific!

Here's how. Many of us work alone or in small companies with no scheduled holiday office party. This is your chance to join in the merriment with SMB Nation and celebrate the season. It's all goodness as Harry Brelsford and special guests lead a Geek Trivia Contest. Winners will receive prizes. Everyone will leave richer and more knowledgeable than when they arrived.

It's all packed into one hour of fun. Don't miss the stress-free, safe gathering of worldwide MSPs having a great time. Sure to be an annual tradition. Be sure to plan on taking a selfie and posting to the SMB Nation Facebook page during the event to qualify for yet more prizes.

Register Now - Click Here

:-)

Friday, December 11, 2015

New Video: Your First Hire

I just posted my latest SOP Video: Hiring Your First Employee (part 1).

Most technology consultants make the mistake of thinking their job is about technology - so they assume their first hire will be a technician. I've blogged in the past about hiring a great administrative assistant. I call it your $200 Miracle.

The other temptation is to hire a sales person. But 99% of the small businesses who want to hire a sales person are not able to support a sales person.

Check out the video for my strategy for growing a team strategically. You only need three key people until you are supporting 500-1,000 desktops.


You can check out all my videos on my YouTube channel at https://www.youtube.com/smallbizthoughts.

Your feedback is always welcome!

:-)

Thursday, December 10, 2015

ChannelEyes Announces OPTYX – the First Sales Workflow Tool Built for Channel Account Managers

Got a note from my friend Jay McBain over at ChannelEyes (www.channeleyes.com) about a new project they're announcing.

Check out the video. If you are a vendor in the MSP or SMB space, this might be just the tool for you.

If you're an IT Pro and think you vendors could use this, please pass it along.

 - - - - -

Innovative Predictive Analytics and Data Science Drives Indirect Channel Sales Activities, Increasing Sales up to 20 Percent
TROY, NY — December 10, 2015 — ChannelEyes, the leading cloud-based channel sales acceleration and partner enablement company announced today the launch of OPTYX.
It is a new predictive scoring and prioritization solution that helps channel organizations accelerate sales by optimizing partner interactions based on data science.
quoteThe new platform automatically and intelligently processes internal and external data signals to help channel sales account managers work smarter, close more deals faster and continuously grow revenue. OPTYX has been designed to deliver a 20 percent increase in sales.
The solution is a first-of-its-kind, self-learning predictive analytics engine that processes massive and complex data sets to create simple alerts and notifications that drive channel partner and alliance sales. OPTYX was developed by a team of top data scientists processing transactional, behavioral and big data sets from hundreds of data signals across dozens of sources.
“OPTYX is the first sales workflow tool for channel account managers,” said Jay McBain, CEO at ChannelEyes. “In the past, these sellers have relied on stale reports, spreadsheets and sales processes built around their direct selling counterparts.”
It brings together the most important information about an indirect partner sales channel, and then uses data science to produce partner insights and visibility a channel seller can act on. OPTYX makes it possible to engage with channel partners and alliances in more productive and meaningful ways.
“It is the single platform that indirect sellers use every day,” said Dave Geoghegan, CTO of ChannelEyes. “OPTYX is integrated with leading CRM systems including Salesforce, Microsoft Dynamics and SugarCRM. All calls, emails, notes, deal updates and partner interactions are recorded instantly in the CRM system.”
Internal and external data signals are leveraged to generate alerts and notifications, and then OPTYX calculates and prioritizes the optimal order and assigns the workflow. The channel account manager takes action on the prioritized list and is assisted with detailed call agendas and partner report cards.
“OPTYX takes the guesswork out of the indirect sales process,” said McBain. “The predictive algorithms and environmental analysis provide channel teams with the definitive knowledge on how to best contact their best partner opportunities. Channel account managers gain one day a week of productivity by not having to chase data for management and partner reporting.”
OPTYX is now available globally for vendors, manufacturers, OEMs and Distributors in all industries.
Additional Resources:
OPTYX Website: http://optyx.channeleyes.com/
Like ChannelEyes on Facebook: https://www.facebook.com/channeleyes
Follow ChannelEyes on Twitter: https://twitter.com/channeleyes
Follow ChannelEyes on LinkedIn: https://www.linkedin.com/company/channeleyes
Connect with ChannelEyes on Google +: https://plus.google.com/+channeleyes
Contact:
Laura Rotter
laura@channeleyes.com
(518) 244-8182

Wednesday, December 09, 2015

The Hardest Advice of All: It's Time to Give Up

I was thinking the other day about how many people have read or heard my advice over the years - and how many ignore it.

My advice isn't any better than anyone else's advice. But I'm rarely alone in the advice I give. From the earliest days of writing, coaching, and speaking in the SMB / Managed Services arena, I've frequently been part of the chorus giving very similar advice.

There are a handful of things that stand out, though. Here are five pieces of advice that have always worked out well for those who have taken the advice and implemented it. Four of them are very familiar to you. One is probably not.


First: Get Paid in Advance for Everything.


This single piece of advice can dramatically improve any business. Really. It is powerful and profound. It can eliminate cash flow problems. It is easy to implement and you really won't get any push-back.

The main reason people do not attempt to get paid in advance is fear. They fear clients won't like it, won't put up with it, won't change their ways, etc. In reality, clients say, "Oh. Okay." And that's it. Virtually everyone I've talk to who moved to getting paid in advance had zero push-back from clients.

Just do it.


Second: Raise Your Rates


The easiest thing you can do to make more money is to raise your rates. Simple, right? So why haven't you done it?

Again, fear is the big culprit here. I recently announced that we are raising our rates in January. Not one word from any clients. No arguments. No defections. No one is going to run down the street over a $10/hr increase. Especially those on managed services who buy very few hours.

You should get in the habit of raising your rates every year. January 1 is a very convenient time. If you want to go with inflation, then 1-2% is enough. I like nice round amounts, so I raise $5 or $10/hr. If you haven't raised raised in awhile, make it at least $10/hr.

Just do it.


Third: Hire an Administrative Assistant


I think I will always have an admin no matter what I do or how long I live. AA's make work disappear. They make time magically appear. And they do a great deal of work for a small amount of money.

You should do the work to determine your actual cost per hour. If you pay yourself $50,000 in salary, that's about $25/hr. Your overhead for the business is probably in the range of $20-25/hr. So the actual cost for you to sit around doing something is around $50/hr. When you spend lots of time on low-priority work that has to be done, you increase the cost of your billable time significantly.

Hire an admin. Make a list of all the things then can do, and spend your time on high-importance items instead.

Just do it.


Fourth: Spend Quiet Time Every Day


You need time to sit quietly - alone - and work ON your business. Whether it's meditation, prayer, or just sitting quietly and organizing your day, this time is more valuable than anything you do on a regular basis.

We have a tendency to "plug in" first thing in the morning and stay plugged in all day. Un-plugging and taking time to relax while you're still awake and alert can do wonders for your business and your life.

I challenge you to meditate for five minutes every day for a month. Just sit quietly and try to clear your mind. I know it sounds strange if you haven't done it, but it really works wonders. The reason is simple: Our brains are constantly working. Even if we're not aware of it, they are working to solve our problems. When we shut up and listen, we discover that our brains have been working hard to put things in perspective and make connections we're not aware of.

Again, whenever I talk to someone who has tried this, they have become hooked. It doesn't take time, it gives time because the rest of your day is more organized and focused.

Just do it.


Fifth: Drop Out and Get a Job


Unlike the other four, I don't give this advice to everyone. But I have given it. And it is most often ignored for obvious reasons.

Sometimes you need to face the hard reality that this thing you call your business is not working out. Maybe you don't want to pay attention to money. Maybe you are bad at sales. Maybe you just aren't willing to make the changes that will make the difference.

Sometimes businesses just don't thrive. Some thing is not configured right. Some people do not have the "owner's" mentality. Some people can't make decisions. Some people don't want to change.

Realizing that your business isn't working can be heartbreaking. It can be embarrassing and demoralizing. After all, as entrepreneurs we thrive on challenge. It is very difficult to admit that you're not up to it. And the more you've defined yourself in terms of the business, the harder it is.

Giving up your business can feel like giving up on a dream. It can literally be like a death in the family. I don't take that lightly. And I don't give the advice to quit lightly. But not quitting when you should can lead to all kinds of other problems - mostly financial.

In talking to business owners all over the world, I believe about 90% of them can take the first four pieces of advice and create a great, profitable business for themselves. Ninety per cent of businesses that are going downhill can turn around.

But that also means that ten per cent can't. Ten per cent have the wrong combination of personality, circumstances, and willingness to change. And for them, the best advice is to close the business and find something else. A certain number of people go into business when they really never should. They will be happier working for someone else, doing something else, and not worrying about all the details of running a business.

I hope you're not in the ten per cent. But if you are, I hope you realize it and are brave enough to make the decision to move on.

This is probably not the cheery message you expect at the end of the year. But some people need to hear this truth.


Tuesday, December 08, 2015

Business Solutions Announces New Channel Event Exclusively For ISV Executives - Registration Now Open

One of my favorite groups to work with is BSM - Business Solutions Magazine. They are always looking at new perspectives and trying to figure out what the solution provider (VAR, reseller, MSP, SMB, etc.) world looks like.

Here's the info on their latest adventure - for Independent Software Vendors and software developers.

- - - - -
ISV IQ Live! is radically different from other channel events:



- ISV companies who attend the event will receive at no charge a Business Solutions marketing toolkit valued at $10,175. The toolkit will help ISVs reach both our channel audience and end user decision makers from our sister publications in the healthcare, field technologies, and retail verticals.  Marketing activities include magazine and online exposure, email newsletter inclusions, a contact list of VARs or end users in markets you want to target, content syndication, and more.

- All ISVs who attend will walk away with a $100 Visa gift card. We want to reward ISVs who share our belief in expanding their knowledge of the channel.

- You'll learn how to distribute your software more widely through expert discussions about raising capital, partnering, and ISV marketing. ISV IQ Live! is not a hackathon and you won't be doing any coding at our conference. Instead, you'll spend a day learning from and networking with forward-thinking, growth-oriented software executives.

To redeem your complimentary registration, use the promo code EARLYBIRD

by December 7: 

Santa Ana (February 24) - www.ISVIQLive.com/santa-ana-registration-form

Philadelphia (October 6) - www.ISVIQLive.com/philadelphia-registration-form

If you have questions about this new event, please email me or visit www.ISVIQLive.com.


For more info, contact Jim Roddy | President | Business Solutions Magazine
(814) 897-9000 x201 | jim.roddy@bsminfo.com

:-)

Monday, December 07, 2015

SMB TechFest Announces 2016 Dates and More

Important news from SMB TechFest.

My good friend Dave Seibert has put together an amazing bunch of resources for small business IT Pros. At a minimum, you should look at attending his four SMB TechFest events - live or via the Internet.

I have been trying to hit one or two of these each year. I might even do all four in 2016.

Whether you're looking for events, webinars, peer groups, or more, www.smbtechfest.com is a great place to start!

Info:


SMB TechFest is growing again in 2016
Join us and succeed faster
(and also lots of free resources)




Quarterly Technology Conference
Onsite and Video Broadcasted Everywhere

Mark your calendar now

Q1  Jan 21-22, 2016
Q2  Apr 21-22, 2016
Q3  Jul 21-22, 2016
Q4  Oct 20-21, 2016

Join Us


Peer Groups
Accelerate your business

ProTier Peer Groups

Dave Seibert has 35 years IT industry experience, 18 years running a multi-million dollar MSP and over 10 years of experience helping other partners in peer groups.

Inquire


Online Webinars

Frequent free webinars to learn faster

Expert speaker topics
Business. Technology. Marketing.

Join Us


Talk Live Online

Talk with our vendors in 2016

Talk live from anywhere
during conferences about their solutions. 

Join Us

Solutions Showcase

Hot & New Solutions

We continually add & update solutions
including top picks from other partners.

View Now


Largest Industry Events Calendar

View anytime & add events yourself

Both Partner & IT Pros
Over 100 major events listed

View Now

:-)

Friday, December 04, 2015

Make this the Last 30 Second Elevator Speech Ever!

You've heard it a thousand: You need a 30-second elevator speech. That way, if you're trapped in an elevator, you can sell like a madman and sign a contract before you get to the bottom floor.

We all know what that is.

That is stupid.

In my latest SOP Video, I talk about a truly useful approach to starting a conversation in an elevator (or at a BBQ or a Christmas party).


Given that you're not going to make a sale in the elevator, how SHOULD you use that time? What's a meaningful conversation? And - most importantly - how do you train your staff to do the same thing?

Check it out and give me your feedback.

You can see all my videos at www.youtube.com/smallbizthoughts .

:-)

Thursday, December 03, 2015

ASCII Announces 2016 Success Summit Calendar

I got a press release from my friend Jerry Koutavas over at The ASCII Group. As usual, they have a great line-up for their 2016 ASCII Success Summits.

I've added all these dates to my weekly newsletter calendar. If you are not getting that click on the "Karl's SMB Email" link above to get on the list.

Here's the complete press release from ASCII:

- - - - -

The ASCII Group Success Summits 2016 Take Success to Next Level
Focused Partnerships and Education on Helping Managed Service Providers Grow

Bethesda, Maryland – December 1, 2015 -- The ASCII Group, a membership-based community of independent MSPs, VARs and solution providers, is pleased to announce the upcoming dates and locations for its 2016 IT SMB Success Summit Series.  With hundreds of events delivered over the years and thousands of connections made between Managed Service Providers and key industry leaders, the ASCII Success Summits 2016 are taking success to the next level. In eight different markets across the US, attendees will hear directly from fellow IT community members that are successfully driving managed services revenue in security and key vertical markets.

The Success Summits made their debut in 2000, and have become the premier event for IT solution providers because of the model that The ASCII Group has successfully built their events around. Attendees have the opportunity to learn, hear innovative industry presentations, tour a cutting-edge vendor solutions pavilion, attend an exclusive member meeting, and most importantly network with their peers.

A major highlight for the 2016 series is a rotating group of special guest speakers.  First, ASCII has secured Steely Dan founder and former Doobie Brother Jeff “Skunk” Baxter, who is a prominent speaker at security conferences around the world and will speak at several Success Summits. Jeff’s life story is beyond interesting, remember when Elvis asked Nixon if he could be in the DEA? A rock musician with high-level security clearance – ridiculous. Unless, of course, you are able to outthink our nation’s enemies, with steely resolve. Only one such musician has the confidence and talent to step onto this world stage – Jeff Baxter. A consultant to the Department of Defense with a high-level security clearance in the Pentagon, he now advises top military and civilian groups on biological warfare, next-generation technology and unconventional strategies. Baxter’s unconventional process to problem solving can apply to business in a variety of ways, and attendees will learn how to outthink their competition and what it truly means to think outside of the box in business.

Next, if you asked Ken Feinberg what his biggest challenge was in life, he would be quick to respond. Ken was tasked with the burden of determining restitution for the 9/11 victims. According to Ken, “What is an individual life worth? Do our lives have equal value? Struggling with these questions led me to my belief.  After September 11, I confronted the challenge of placing a value on human life by calculating different amounts of compensation for each and every victim. The law required that I give more money to the stockbroker, the bond trader and the banker than to the waiter, the policeman, the fireman and the soldier at the Pentagon. This is what happens every day in courtrooms throughout our nation. Our system of justice has always been based upon this idea — that compensation for death should be directly related to the financial circumstances of each victim. But now I found the law in conflict with my growing belief in the equality of all life.”  Hear his story on making the hardest business decisions on a national scale.

“The Success Summits are a productive way for our members and the IT community to spark business together,” said Jerry Koutavas, President, The ASCII Group. “We continue to innovate and help inspire interaction amongst the 1,600 attendees while providing unmatched content and best practices they can apply in their businesses.”

The Summit Series is designed for qualified industry IT professionals and Managed Service Providers, and is targeted towards those who are looking to increase revenue and enhance their current business model.  ASCII members receive free admission to the event.

ASCII Success Summit Cities 2016:
Austin, Texas: Wednesday, February 17 & Thursday, February 18, 2016, Embassy Suites San Marco
Anaheim, California: Wednesday, March 16 & Thursday, March 17, 2016, Hyatt Regency Orange County
Milwaukee, Wisconsin: Wednesday, April 27 & Thursday, April 28 2016, Crowne Plaza Milwaukee Airport
Baltimore, Maryland: Wednesday, May 25 & Thursday, May 26, 2016, BWI Airport Marriott
Miami, Florida: Wednesday, June 22 & Thursday, June 23, 2016, Eden Roc Resort Miami Beach
East Brunswick, New Jersey Wednesday, August 17 & Thursday, August 18, 2016, Hilton East Brunswick
Columbus, Ohio: Wednesday, Sept. 28 & Thursday, Sept. 29, 2016, Hyatt Regency Columbus
Newport, Rhode Island: Thursday October 13 & Friday October 14, 2016, Hyatt Regency Newport

For more information on the ASCII IT SMB Success Summits 2016, including speaker information, a complete agenda, and registration, please visit www.asciievents.com.

About The ASCII Group, Inc.:
The ASCII Group is a vibrant reseller community of independent MSPs, VARs, and other solution providers.  Formed in 1984, ASCII has more than 70 programs that provide turnkey cost-cutting strategies, innovative business building programs, and extensive peer interaction.  ASCII members enjoy benefits such as marketing support; educational information; group purchasing power; increased leverage in the marketplace; and multiple networking opportunities. These programs enable ASCII members to increase revenue, lower operating costs, and grow service opportunities.  Learn more at www.ascii.com or by calling 800-394-2724.

--

Press Contact
Doug Young
Tel: 800-394-2724 x106

Web:  http://www.ascii.com/
xxx
:-)

Wednesday, December 02, 2015

Professional Consultants: Send Clients to This Blog for Third Party "Proof" of Your Advice

Awhile back I started a blog called Consultant or Amateur. It is intended for you to use with your end-user clients. I state right at the beginning that I am not looking for clients and readers cannot hire me.

What they CAN do is learn about some best practices and then use that to determine whether their IT consultant is really an amateur. Topics have included:

  • Windows 10 Strategic Deployment Advice
  • It's Surprisingly Easy to Opt Out of Ad Tracking
  • NOW is a Great Time to Change Your Passwords!
  • Super Easy SEO Test for Your LinkedIn Profile, Web...
  • Take Backups Seriously
  • Windows XP: Do Not Resuscitate
  • An Easy Way to Hack Into Your Web Site
  • What is Managed Services, Exactly?
  • Do Not Install Every Windows Update
  • Does I.T. Certification Matter?

and more.

I have always believed that there are right ways and wrong ways to do things. Not necessarily one right way and one wrong way, but at least one of each. You right way may not be mine, exactly. But I'm guessing that general "best practices" in IT are pretty well agreed on.

I encourage you to look through the site, subscribe to it, and send your clients there. For example, if you need a good argument for selling basic monitoring and patch management, my latest article on fighting viruses provides some excellent support.

Because I'm talking to your clients as a total outsider, I can tell them things you can't. Like stop being a cheap business owner! That article, for example, advises that you can't get away with a cheap firewall anymore - and it costs money to stay in business.

Of course you may not agree on everything. But that might even be better. Quote the paragraphs you like and send your clients there. You can even say I'm wrong about some stuff and right about others.

Basically: Use this as a resource to convince your clients to take their technology (and you) seriously.

If you can think of a topic I should address, let me know.

:-)