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⭐ Grow your IT Business with Scott https://www.skool.com/msp Considering starting a Managed Service Provider (MSP) business after 40? In this video, I share my insights and opinions on how to set up an MSP with a clear strategy to prepare for retirement. I delve into six crucial points: building with an exit strategy in mind, the importance of maintaining clean finances, having all clients under long-term contracts, understanding your pension goals, adhering to a 'No Clicky' rule to avoid getting bogged down in tech work, and building strong relationships with peers and potential competitors. Tune in for a comprehensive guide designed for those looking to build a scalable and sellable MSP business later in life. 00:00 Introduction: Starting an MSP Over 40 00:20 Building from Exit: Day One Strategy 01:19 Financial Foundations: Clean Books and Expert Help 01:50 Contracts: Ensuring Long-Term Value 02:54 Pension Goals: Planning for Retirement 04:20 No Clicky Rule: Owner's Role in Operations 05:23 Outsourcing and Project Management 07:43 Sales Focus: The Key to Growth 09:37 Building Relationships with Peers 11:02 Marketing Strategy: Local vs. Industry Specific 13:58 Legacy and Meaning: Beyond Business 16:04 Conclusion and Community Engagement