MSP Acquisition Spotlight – Michael Vu

1. What’s it like not being your own boss anymore? Did that take some getting used to?

Yes, it totally did. As with any larger organization, things go much slower and through more process. No more are the days of just whipping out your credit card to “get it done”. That’s just a fact that is going to have to be accepted.

2. Selling your MSP is a big decision. Where did you go for guidance and advice?

We talk about it all the time within our peer groups. But in the end for me, it was “In Tim we trust.”

3. How difficult was it to find the right buyer? What made you choose The 20 MSP in the end?

I wanted to sell to someone I could fully trust. In this industry, I only had two people that I felt that way about: Tim and Ken P.

4.  What’s changed the most in your life since selling your MSP?

Life quality is much better now. I actually work harder but on things that are much more enjoyable.

5. Since selling your MSP, is there something – inside or outside of work – that you’ve been able to focus on more?

Being a part of The 20 now affords me to be the primary home care provider for our family.

6. What do you miss most about running your own business?

Expensing everything…

7. What’s your best advice for someone thinking about selling their MSP?

If you want to set up your family for success, platform MSP is the way to go. Unless you can reach 5 million in 3 years, you will have much more stability and gains for your family along with taking a lot of risk off the table.

8. Can you talk about your current role? How has your day-to-day changed since selling your company?

Day to day is much more flexible. Knowing we have a full team for any situation and that you don’t have to be in the middle of it all to make sure nothing gets screwed up – that’s the best feeling of all!

9. In your opinion, what’s the most important quality for success?

The best quality for success is being able to 100% define what success looks/feel/smells like for you. It’s not the same for everyone. Ego must 100% be set aside and bask in the glory of working with the larger team!

10. What’s something most people don’t know about you?

I like to farm and garden.

11. Describe your dream vacation in 3 words…

Japan, hiking, sushi.