Welcome to the sixth episode of It’s a Numbers Game Podcast by The MSP Finance Team with Daniel Welling & Adam Morris.
We created It’s a Numbers Game Podcast to help MSP owners learn and understand how to build and maintain a financially healthy MSP business. In this podcast series, MSP business owners like you will learn the fundamental steps, the tips and tricks, the dos and don’ts to achieve MSP financial growth.
In this episode, we talk with the brilliant minds behind The MSP Growth Hub, Ian Luckett and Stuart Warwick where we talk about finance info that MSP coaches need to optimise business outcomes.
First things first, Ian and Stuart briefly introduced themselves and updates us all on what’s in store for them and the new business they have ventured together, The MSP Growth Hub, and how they help MSPs scale confidently and build a business that ‘works for you rather than you for it’.
We have broken down this episode into talking about THREE NUMBERS, or finance info that you need to learn to optimise your business outcomes.
First number is shared by Stuart Warwick, and it is all about “What does success look like and what is the clarity behind that?” Stuart explained a little bit more on how he and Ian take the client into that journey and help us understand a little bit more about his ‘one number’.
Then, the second number is tackled on by Ian Luckett and his ‘one number’ is all about cashflow. Of course, Ian also explains what it is about and why it is important for MSP business owners to understand. We all weigh in and talk about the number of months of cashflow required as a safety harness.
Finally, the third number, coming from Adam, is all about gross margin which is we know about the ratio between revenues and costs. Adam explains why it is important to understand and consider. He also talks about how to make it more efficient to optimise business outcomes.
If you want to learn more about how Ian Luckett and Stuart Warwick help MSPs confidently scale to £1.0m turnover or, if already there to go faster to £5.0m turnover, visit The MSP Growth Hub website by clicking here – https://innovatetosuccess.com/msp-mastery/
Connect with Ian Luckett in LinkedIn here – https://www.linkedin.com/in/ianluckett/
Connect with Stuart Warwick in LinkedIn right here – https://www.linkedin.com/in/stuartwarwick/
Connect with Daniel Welling in LinkedIn by clicking here – https://www.linkedin.com/in/daniel-welling-54659715/
Connect with Adam Morris in LinkedIn by clicking here – https://www.linkedin.com/in/adamcmorris/
Visit The MSP Finance Team website, simply click here – https://www.mspfinanceteam.com/
We look forward to catching up with you on the next one. Stay tuned!