How a POS solutions provider and software developer backed by cofounders in their early 30s is thriving with triple-digit growth thanks to a recurring revenue obsession and a smartly diversified business portfolio.
Jim Kavanaugh is winning. World Wide Technology (WWT), the IT and managed services company he leads, topped the $10 billion sales revenue mark last year. It also moved into a new $95 million St. Louis corporate headquarters building and added some 500 new employees.Those are giant milestones, but this exclusive Q&A reveals Kavanaugh’s greatest pride as CEO of the sprawling privately held company.
Because most IT services leaders grow out of technical roles, sales management is typically foreign territory. What’s the secret to the tech-to-sales management transition?
It isn’t sustainable to build or run a business on the sale of a product suite that’s widely available and subject to rapid devaluation—or on a service that can be executed by virtually anyone. Yet that’s precisely what most resellers are doing. Where will sustainable differentiation come from? I’m betting on the development and sale of services built around the mastery and delivery of data.
States have been rapidly changing the sales tax environment for internet businesses, including SaaS delivery companies. The changes include changing definitions of SaaS, changing the taxability of SaaS, and changing the requirements for determining for which states a company needs to collect sales tax. Read on for a state-by-state breakdown of SaaS sales tax status.
John had built a great MSP company that was highly profitable and with tremendous opportunity for growth. But John was stressed and tired. After meeting with about 10 of his key employees over the next day, it became apparent that one of the reasons John was experiencing the painful side effects of being a business owner was that he was neglecting to build leaders.
When this managed services provider gave up “random acts of solutioning” for a focus on federal defense and civilian IT services, giant revenue gains ensued.
Sales came easy back when demand was high and supply was low. Today, value-adds and managed services are everywhere. How to differentiate? Here are a few timely and specific calls to sales action that you can implement today.
ISV collaborations drive future growth in the AIDC industry.
Q4 2017 was an exciting time to begin charting the course for 2018. We held our Q4 peer group meetings, engaged at ConnectWise’s IT Nation, and experienced Salesforce’s Dreamforce conference. Broad takeaways? Here are our top 3 trends in technology, business, and industry for 2018.
Reality check: Business intelligence initiatives fail most of the time. Industry analysts show bleak stats on whether or not your project will be valuable and integrated into your customers' processes. Here's how a leading Houston-area MSP ensures its clients' BI success.