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Welcome to this SPECIAL edition of the show, Episode 269, of the MSP Marketing Podcast with me, Paul Green.

This week I’ve got the last of my special episodes for you, where you’ll discover how my guest grew his MSP to 450 clients, 35 staff and $7m revenue.

How to own an MSP doing $7m a year

Featured guest: Steve McNamara is the visionary founder and CEO of DTC, Inc., an MSP that has been a cornerstone of IT support for over 25 years. Established in 1999, DTC began as a small operation focused on serving the dental community, quickly evolving into one of the largest dental IT support companies in the Mid-Atlantic region. Under Steve’s leadership, the company has expanded its reach beyond Maryland to include clients in Virginia, Delaware, and Pennsylvania, now boasting over 450 clients and a dedicated team of more than 35 employees.

Steve built DTC from the ground up with his first hire, Scott Leister, who now serves as the DevSecOps engineer. Steve has remained committed to the core mission of making IT work for clients through innovative solutions and meaningful connections. His philosophy of “doing the next right thing” has guided the company through various challenges, ensuring that client needs are always prioritised.

DTC has a strong emphasis on values and culture. Steve believes in hiring individuals who align with the company’s core values rather than merely filling roles. This commitment to culture is reflected in initiatives such as hiring a Chief Flourishing Officer and conducting quarterly skill-building sessions and all-hands meetings, where every team member has a voice. This focus on values not only attracts talent but also fosters a loyal and engaged workforce.

How would you like to own an MSP doing $7 million a year where you personally do none of the tech work? There’s nothing more motivating than hearing how other MSP owners have built up their business. And in this week’s special episode, you are going to discover how this guy grew to 450 clients, 35 staff, and $7 million revenue. What I think you’ll love is his unique approach to his people and how he’s kept the quality of the tech work really high without having to do any of it himself.

Hi, I’m Steve McNamara. I’m the CEO and founder of DTC Inc. We are an MSP here in the Maryland DC, Northern Virginia region of the United States. We’ve been incorporated for a little over 25 years now and serving primarily into the healthcare and dental space, but now moving into the CMMC space as well. And that’s the very short, skinny version of who we are.

I love it. Thank you so much for joining us on the podcast, Steve. I think my favourite episodes of this podcast over the last five years or so have been when we’ve had real MSPs on who have shared their stories of how they did it. So you’ve been going, I think you said more than a quarter of the century, what was it that made you start your first business or start this business in the first place?

Well, we had a 2 year old son and my wife told me to get a bleeping job.

Were you working in it before?

Part-time, I actually, I had a health food store in rural county in Maryland and it was failing, but I was more interested in the natural food industry and alternative healthcare than I was tech. I did tech on the side to try to pay the bills and my wife was tired of us not having enough money to pay the bills and to eat. So that’s why she told me to get a real job.

I love it. And obviously 25 years on, you’re still here doing tech and you haven’t gone back to natural foods unless that’s some kind of side hustle. So paint...

The podcast powered by the MSP Marketing Edge

Welcome to this SPECIAL edition of the show, Episode 268, of the MSP Marketing Podcast with me, Paul Green.

This week I’ve got another special episode for you. If your MSP isn’t growing, and you’re too busy running it to focus on growing it, this could be the answer for 2025.

Should MSPs hire a chief growth officer?

Featured guest: Jake Gregorich oversees revenue generation for Lyra Technology Group. He joined the team in January 2023 to help grow sales talent, increase collaboration among Lyra companies, and drive top-line revenue growth.

Prior to Lyra, Jake worked with MSPs including Impact Networking, Ntiva, and Equilibrium IT. He also served as an independent consultant to private equity backed MSPs and private equity companies looking to enter the MSP market on sales & marketing, diligence, acquisitions, and integration.

Outside of work, he enjoys time and good laughs with his wife Joanna, baby girl Sofia, toddler Charlie, golden retriever Bella, and large extended family. When he is not spending time with family and friends, Jake can be found outdoors hiking, biking, swimming, and playing team sports.

This is an MSP Marketing podcast special. Could this be any more perfect. A fresh idea, for a fresh new year. So, you want to make more money from your MSP and you’re looking for new ways to do it. Well, as we bring on a brand new year, it doesn’t get much fresher than this.

Welcome to a special episode dedicated to someone who’s found the solution to the problem of – how do you focus on growth if you are too busy with the day-to-day running of your MSP? Here’s a fresh perspective that’s definitely worth your time.

Hi, I’m Jake Gregorich, SVP of Growth at Lyra Technology Group.

And Jake, thank you so much for joining me for this special. It is of course your second appearance on the podcast. You were on, I think it was episode 205 back in late 2023, and ahead of having you back on the podcast again today I’ve just listened back to that, it was such a great interview and you were so very generous with the things that you shared. In our special today, we’re going to talk about what you guys are doing with this amazing MSP that you are building. And we’re also going to talk about the concepts of something called Chief Growth Officers. And not only in terms of how you’re doing that, because I think it’s really interesting how you are inspiring a large and growing number of people to grow their MSPs, but also we can look at it in terms of how the average MSP owner can take some of the concepts that you guys are proving are working right now and actually apply that within their own MSP.

So let’s start right at the beginning. Let’s assume that everyone who’s listening to this or watching this on YouTube has not heard you on the podcast before. Tell us exactly who you work for, what you guys are doing, what your mission is, and what you’ve achieved over the last few years.

Yeah, certainly Paul, great to be back, thanks for having me. Lyra Technology Group is a family of MSPs. We have now 77 companies across the US, Canada, the UK, Australia and New Zealand. Our business, compared to most highly acquisitive MSPs, is a bit different.

What we’re doing is we’re buying these companies (MSPs) but we’re retaining their people, their legacy, their brand.

And the Warren Buffett saying, first, don’t harm the investment in the business – and then we’re thinking about how we can help grow those companies. So our businesses are decentralised. Lyra is a shared service to those 77...

The podcast powered by the MSP Marketing Edge

Welcome to this SPECIAL edition of the show, Episode 267, of the MSP Marketing Podcast with me, Paul Green.

This week I’m taking you for a walk near my home. And we’re going to talk about a subject that’s very important to us as business owners…

How MSPs achieve a happy balance

Running an MSP is like constantly spinning plates and there’s a good chance that you’ve dropped the odd one from time to time. It’s a dizzying challenge trying to keep them all spinning and in perfect balance. If you are trying to juggle your home life with everything your MSP throws at you and it often feels impossible, today’s special episode is just for you. Come for a Christmas Eve walk with me as we find the answer to this question – How do you achieve the perfect happy balance?

Well, I hope you’ve had an insanely good year this year and you are really ready for Christmas tomorrow. Certainly if you’re listening to this when the podcast is released, what we’re doing today is kind of a bit of a new tradition, which we only started last year, but already it feels like the right thing to do every year is that you come for a walk with me. So last year, and you can go back and listen to last year’s special episode, we went for a walk round a lake near my home where I live. I live just outside Milton Keynes in the UK. It’s kind of in the middle of the UK. And today we’re just going for a walk near my house. Actually, I live near some fields. I live in a little village. It’s very nice around here. So it’s a beautiful, beautiful, sunny crisp December morning and I’m just taking you out for a walk to talk about the happy balance.

So what is the happy balance? Well, I’m a business owner just like you, and I’ve been doing this, actually next year it will be my 20th year. It was February, 2005 when I started my very first business, not the one I have now, I sold that in 2016. But back then I started and I had all the hopes and fears and all the difficult times that everyone has when they start their first business. And it took me probably about seven years to achieve this thing called the happy balance. And the happy balance is a mixture of, or a combination of five things that you need to have in your life in order to achieve happiness. Because if your experience of starting your MSP was anything like my experience of starting my first business, you throw yourself into it with such gusto that it becomes almost an unsustainable beast. And you kind of look up a year, two, three years in, and you realise that you are spending so much of your time working that you have got all the other parts of your life out of balance.

Things like, well, all the things we’re going to talk about today, but especially your family, your partner, your kids (if you’ve got them), your social life, your friends, all of these things, they take a backseat to the business and I think that’s okay for a year, maybe two years. But if it goes on any longer than that, the risk is that you are just out of balance. We cannot live our lives out of balance for a very, very long time. I do know business owners, MSP owners, in fact, who have been out of balance for years, decades in some cases. And yeah, some of them are sitting on very successful businesses, successful as in there’s lots of revenue coming in and there’s lots of profit going into their bank accounts. But I have business owning friends who are in that position and they go home to their luxury apartment in the evening where there is no partner and there’s no kids because the price of them building the business and making themselves a millionaire, the price of that was losing their family. And I dunno about you, but I would rather have the family and the happy life and...