Uncle Marv kicks off the episode by introducing Peter Kujawa from Service Leadership, a ConnectWise company that benchmarks MSPs and other tech service providers on their financial and operational performance. Peter explains that Service Leadership has been collecting quarterly data from companies worldwide for 19 years to determine best-in-class metrics that drive success .

He shares how benchmarking was a game-changer for the struggling MSP he was running, instantly revealing areas to improve like product margins. By implementing best practices, Peter turned it into a $17 million business . Uncle Marv is amazed at the level of detail in the benchmarking, with over 80 KPIs compared against the top 25% most profitable peers .

Peter discusses Service Leadership's annual compensation report, providing salary data on 60 positions to help MSPs attract and retain talent . He also talks about his journey from being a lawyer to the tech world, running businesses in various industries before joining the MSP space during its early "Wild West" days .

Key Takeaways:

Service Leadership benchmarks MSPs worldwide on finances and operations to identify best practices
Benchmarking revealed areas to improve for Peter's former MSP, transforming it into a $17M business
The compensation report provides detailed salary data to help MSPs with hiring and retention
Peter transitioned from law to business, running companies across multiple industries

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Website: https://www.itbusinesspodcast.com/
Host: Marvin Bee
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643 Peter Kujawa on Boosting MSP Profitability: Insights from IT Nation Secure