{"id":50904,"date":"2021-05-19T13:04:57","date_gmt":"2021-05-19T09:04:57","guid":{"rendered":"https:\/\/www.msp360.com\/resources\/?p=50904"},"modified":"2021-11-25T19:37:22","modified_gmt":"2021-11-25T15:37:22","slug":"youre-not-the-only-msp-owner-with-these-three-fears","status":"publish","type":"post","link":"https:\/\/www.msp360.com\/resources\/blog\/youre-not-the-only-msp-owner-with-these-three-fears\/","title":{"rendered":"You\u2019re Not the Only MSP Owner with These Three Fears"},"content":{"rendered":"<p>It doesn\u2019t matter who you are or how successful you may be, nobody is completely fearless in business. While you may be able to manage your fears more successfully than others (and thriving small-business owners do), we all have them; however, what\u2019s important for you as a small-business owner is that you\u2019re able to recognize that and learn how to not only identify your fears but face them.<!--more--><\/p>\n<p>Sorting through your fears and tackling them one by one can help you with growing your business. I\u2019ve worked with hundreds of small-business owners throughout my career. After a while, you begin to realize that a lot of them have similar fears, many of which lead to sleepless nights (and trust me \u2014 I\u2019ve been there, too).<\/p>\n<p>There are a few fears every MSP owner (and every small-business owner) should be familiar with and learn how to overcome.<\/p>\n<h2>Not Being Able to Pay the Mortgage<\/h2>\n<p>There are a variety of reasons why someone would want to start a business. For instance, maybe you started your MSP to build something that has the potential for growing your net worth, or simply to be your own boss. Whatever your reason (or reasons) may be, being able to pay your bills at some point during your entrepreneurial journey is probably one of your top priorities.<\/p>\n<p>While that may not happen immediately (and it doesn\u2019t for many small-business owners, so don\u2019t let it get to you if it's something you're struggling with), you can get there, but you must plan accordingly by taking the necessary steps to achieve your desired result.<\/p>\n<p>Remember: There\u2019s a difference between a dream and a goal. If paying your bills is a goal of yours, write it down. There should also be a number attached to that goal. How much do you need each month to cover your bills?<\/p>\n<p>If you don\u2019t know that number, then you don\u2019t have a goal \u2014 you have a dream.<\/p>\n<div class=\"call-to-action\">\n<div class=\"call-to-action__left\" style=\"width: 44%;\">\n<p><img decoding=\"async\" src=\"https:\/\/www.msp360.com\/resources\/wp-content\/uploads\/2019\/09\/Starting-MSP-Business-icon.png\" alt=\"Whitepaper icon\" \/><\/p>\n<!--HubSpot Call-to-Action Code --><span class=\"hs-cta-wrapper hs-cta-deferred\" id=\"hs-cta-wrapper-48fef06d-bedf-411e-aae2-b477a97c5450\" data-portal=\"5442029\" data-id=\"48fef06d-bedf-411e-aae2-b477a97c5450\"><span class=\"hs-cta-node hs-cta-48fef06d-bedf-411e-aae2-b477a97c5450\" id=\"hs-cta-48fef06d-bedf-411e-aae2-b477a97c5450\"><!--[if lte IE 8]><div id=\"hs-cta-ie-element\"><\/div><![endif]--><a href=\"https:\/\/cta-redirect.hubspot.com\/cta\/redirect\/5442029\/48fef06d-bedf-411e-aae2-b477a97c5450\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" class=\"hs-cta-img\" id=\"hs-cta-img-48fef06d-bedf-411e-aae2-b477a97c5450\" style=\"border-width:0px;\" src=\"https:\/\/no-cache.hubspot.com\/cta\/default\/5442029\/48fef06d-bedf-411e-aae2-b477a97c5450.png\" alt=\"CTA\"><\/a><\/span><\/span><!-- end HubSpot Call-to-Action Code -->\n<\/div>\n<div class=\"call-to-action__right\" style=\"width: 56%;\">\n<div class=\"call-to-action__title\">Guide to Starting a Managed Service Provider Business<\/div>\n<div class=\"call-to-action__text\">\n<ul>\n<li>Essential steps of establishing business<\/li>\n<li>Building the software stack<\/li>\n<li>\u0421reating an onboarding structure, and more<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<h2>Taking On Employees<\/h2>\n<p id=\"last\">Employees are a responsibility many small-business owners simply can\u2019t handle. Think about it like this: It\u2019s one thing if you as a small-business owner don\u2019t eat (that\u2019s something many people can deal with), but it\u2019s another thing to tell several other people, many of whom are probably responsible for their own mouths to feed, that they can\u2019t eat.<\/p>\n<div id=\"slidebox\"><a class=\"close\">\u00a0<\/a><!--HubSpot Call-to-Action Code --><span class=\"hs-cta-wrapper hs-cta-deferred\" id=\"hs-cta-wrapper-4ff94456-ff69-4ddd-a520-d10dacac0e4f\" data-portal=\"5442029\" data-id=\"4ff94456-ff69-4ddd-a520-d10dacac0e4f\"><span class=\"hs-cta-node hs-cta-4ff94456-ff69-4ddd-a520-d10dacac0e4f\" id=\"hs-cta-4ff94456-ff69-4ddd-a520-d10dacac0e4f\"><!--[if lte IE 8]><div id=\"hs-cta-ie-element\"><\/div><![endif]--><a href=\"https:\/\/cta-redirect.hubspot.com\/cta\/redirect\/5442029\/4ff94456-ff69-4ddd-a520-d10dacac0e4f\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" class=\"hs-cta-img\" id=\"hs-cta-img-4ff94456-ff69-4ddd-a520-d10dacac0e4f\" style=\"border-width:0px;\" src=\"https:\/\/no-cache.hubspot.com\/cta\/default\/5442029\/4ff94456-ff69-4ddd-a520-d10dacac0e4f.png\" alt=\"CTA\"><\/a><\/span><\/span><!-- end HubSpot Call-to-Action Code --><\/div>\n<p>One way to deal with this fear is by building a small cushion. For example, if you have an employee, try putting away six months of salary for him or her (maybe even eventually moving the marker to a year). While this may not be possible in the beginning, build that cushion as soon as you can. The sooner you have that cushion, the sooner you can focus your efforts elsewhere and get a better night\u2019s sleep.<\/p>\n<p><span class=\"further-reading \">Further reading<\/span> <a href=\"https:\/\/www.msp360.com\/resources\/blog\/want-to-keep-your-employees-happy-ask-yourself-these-three-questions\/\">How to Keep Your Employees Happy? These Questions Can Help<\/a><\/p>\n<h2>Asking for Help<\/h2>\n<p>Learning is a continuous process. Think about where you are today compared to a decade ago. A lot has changed, hasn\u2019t it? Why do you believe that to be the case? It\u2019s probably because you\u2019ve learned a lot over the years and have evolved (hopefully) for the better.<\/p>\n<p>But many small-business owners are afraid to ask for help. They think it makes them look weak, even though this couldn\u2019t be further than the truth.<\/p>\n<p>All successful entrepreneurs <a href=\"https:\/\/www.msp360.com\/resources\/blog\/msp-peer-groups\/\">seek advice from others<\/a>. They may not make it known publicly, but I can promise you that they have inner circles they go to when they\u2019re contemplating a new idea, unsure of the direction to take, or simply need some encouragement.<\/p>\n<p>Your fears never go away; they simply evolve. Tackle them head on if you want to be successful in business.<\/p>\n<div class=\"call-to-action\">\n<div class=\"call-to-action__left\" style=\"width: 44%;\">\n<p><img decoding=\"async\" src=\"https:\/\/www.msp360.com\/resources\/wp-content\/uploads\/2019\/09\/Starting-MSP-Business-icon.png\" alt=\"Whitepaper icon\" \/><\/p>\n<!--HubSpot Call-to-Action Code --><span class=\"hs-cta-wrapper hs-cta-deferred\" id=\"hs-cta-wrapper-a75994c3-b1c1-47e1-9c32-8e0e21b98750\" data-portal=\"5442029\" data-id=\"a75994c3-b1c1-47e1-9c32-8e0e21b98750\"><span class=\"hs-cta-node hs-cta-a75994c3-b1c1-47e1-9c32-8e0e21b98750\" id=\"hs-cta-a75994c3-b1c1-47e1-9c32-8e0e21b98750\"><!--[if lte IE 8]><div id=\"hs-cta-ie-element\"><\/div><![endif]--><a href=\"https:\/\/cta-redirect.hubspot.com\/cta\/redirect\/5442029\/a75994c3-b1c1-47e1-9c32-8e0e21b98750\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" class=\"hs-cta-img\" id=\"hs-cta-img-a75994c3-b1c1-47e1-9c32-8e0e21b98750\" style=\"border-width:0px;\" src=\"https:\/\/no-cache.hubspot.com\/cta\/default\/5442029\/a75994c3-b1c1-47e1-9c32-8e0e21b98750.png\" alt=\"CTA\"><\/a><\/span><\/span><!-- end HubSpot Call-to-Action Code -->\n<\/div>\n<div class=\"call-to-action__right\" style=\"width: 56%;\">\n<div class=\"call-to-action__title\">Guide to Starting a Managed Service Provider Business<\/div>\n<div class=\"call-to-action__text\">\n<p>We\u2019ll cover everything from setting up the business to onboarding your first client:<\/p>\n<ul>\n<li>Essential steps of establishing business<\/li>\n<li>Building the software stack<\/li>\n<li>\u0421reating an onboarding structure, and more<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<p><strong><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-51070 size-thumbnail alignleft\" src=\"https:\/\/www.msp360.com\/resources\/wp-content\/uploads\/2021\/05\/unnamed-150x150.jpg\" alt=\"Alex.N\" width=\"150\" height=\"150\" srcset=\"https:\/\/www.msp360.com\/resources\/wp-content\/uploads\/2021\/05\/unnamed-150x150.jpg 150w, https:\/\/www.msp360.com\/resources\/wp-content\/uploads\/2021\/05\/unnamed-300x300.jpg 300w, https:\/\/www.msp360.com\/resources\/wp-content\/uploads\/2021\/05\/unnamed-768x768.jpg 768w, https:\/\/www.msp360.com\/resources\/wp-content\/uploads\/2021\/05\/unnamed-624x624.jpg 624w, https:\/\/www.msp360.com\/resources\/wp-content\/uploads\/2021\/05\/unnamed-250x250.jpg 250w, https:\/\/www.msp360.com\/resources\/wp-content\/uploads\/2021\/05\/unnamed.jpg 900w\" sizes=\"auto, (max-width: 150px) 100vw, 150px\" \/><\/strong><\/p>\n<p><strong>About the author<\/strong><br \/>\nAlexander is the head of marketing department at MSP360. He is an expert in IT marketing and has extensive knowledge of cloud storage services. Alexander cooperates with cloud vendors, MSPs, VARs and communicates the market needs and trends to our team.<\/p>\n<p><a href=\"https:\/\/www.msp360.com\/resources\/blog\/author\/alexander-n\/\">More articles by Alexander<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>It doesn\u2019t matter who you are or how successful you may be, nobody is completely fearless in business. While you may be able to manage your fears more successfully than others (and thriving small-business owners do), we all have them; however, what\u2019s important for you as a small-business owner is that you\u2019re able to recognize [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50911,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[877,884],"tags":[],"class_list":["post-50904","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog-articles","category-msp-business-articles"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.msp360.com\/resources\/wp-json\/wp\/v2\/posts\/50904","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.msp360.com\/resources\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.msp360.com\/resources\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.msp360.com\/resources\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.msp360.com\/resources\/wp-json\/wp\/v2\/comments?post=50904"}],"version-history":[{"count":14,"href":"https:\/\/www.msp360.com\/resources\/wp-json\/wp\/v2\/posts\/50904\/revisions"}],"predecessor-version":[{"id":53693,"href":"https:\/\/www.msp360.com\/resources\/wp-json\/wp\/v2\/posts\/50904\/revisions\/53693"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.msp360.com\/resources\/wp-json\/wp\/v2\/media\/50911"}],"wp:attachment":[{"href":"https:\/\/www.msp360.com\/resources\/wp-json\/wp\/v2\/media?parent=50904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.msp360.com\/resources\/wp-json\/wp\/v2\/categories?post=50904"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.msp360.com\/resources\/wp-json\/wp\/v2\/tags?post=50904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}