Overview:
In this episode of the SMB Community Podcast, hosts James and Amy are back to discuss various strategies for making MSP companies more valuable before a sale, including eliminating red flags, organizing business documentation, and having a clear elevator pitch. They also talk about industry trends such as the growing demand for specialized services like cloud computing and cybersecurity, the resurgence of buyer interest in smaller companies, and the impact of AI on business valuations. The hosts review recent cybersecurity incidents affecting major companies and discuss the potential need for a dedicated cyber military force. Additionally, the podcast covers notable industry news including Google's legal battle over search data, Elon Musk's new project to rival Microsoft, and Tesla's strategic shift towards humanoid robots. The episode concludes with upcoming events and courses aimed at helping MSPs leverage AI for their businesses.
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Chapter Markers:
00:00 Introduction and Hosts Welcome
01:39 MSP Question of the Week: Increasing Company Value
06:09 Trends in M&A for Small Businesses
10:09 Recent Cybersecurity Incidents
14:19 Google's Legal Win and AI Impact
16:26 Elon Musk's New Ventures: Macro Hard and Tesla Robots
20:32 Fall Plans and Upcoming AI Course
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New Book Release:
I'm proud to announce the release of my new book, The Anthology of Cybersecurity Experts! This collection brings together 15 of the nation's top minds in cybersecurity, sharing real-world solutions to combat today's most pressing threats.
Whether you're an MSP, IT leader, or simply passionate about protecting your data, this book is packed with expert advice to help you stay secure and ahead of the curve.
Available now on Amazon!
https://a.co/d/f2NKASI
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Sponsor Memo:
Since 2006, Kernan Consulting has been through over 30 transactions in mergers & acquisitions - and just this past year, we have been involved in six (6).
If you are interested in either buying, selling, or valuation information, please reach out.
There is alot of activity and you can be a part of it.
For more information, reach out at kernanconsulting.com
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