What's Your SMaC Business Recipe for Success?
Best-selling author Jim Collins and ConnectWise CEO Arnie Bellini spent much of last week's IT Nation conference talking ab
SMaC Recipe for Success
Best-selling author Jim Collins and ConnectWise CEO Arnie Bellini spent much of last week's IT Nation conference talking about SMaC: A specific, methodical and consistent (SMaC) recipe for success. Bellini even shared his SMaC recipe for success as an IT service provider in Tampa, Fla. Here it is.The SMaC recipe includes:
Service clients within 50 mile radius of our office.
System engineers must be 80% billable.
Hire ONLY fast, smart people. They must pass our testing.
Make our colleagues happy; achieve super-low employee turnover.
Create accountability for servicing clients; establish an owner of an issue — hand-offs cause fumbles.
We will sell hardware with a 20 percent margin target.
We should get recurring revenue from EVERY client.
Customers must leverage more than one of our offerings: Service, hardware, agreement, development.
Avoid lawyers and doctors as clientele.
Don't take on clients that have their own IT departments — though that changed when ConnectWise introduced a co-managed IT tool.
Then Bellini quipped that many IT service providers typically have the following SMaC recipe:
Don't know.
Not sure.
Still thinking.
Uhh…
Give me a second.
Probably something with the cloud.
Dude, why are you asking me this stupid question?
I'm too busy right now.
I know Joe knows; hey Joe!
We'll figure it out later.
Bottom line: You'll notice that a SMaC recipe for success is pretty boring and straightforward. There's no need to chase shiny new technologies. Instead with the mundane but do it with fanatical focus.
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