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Valuation experts rely on three primary approaches to determine the value of a business: income approach, asset approach, and market approach.
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5 Reasons Profitable Companies Hire Technology Service Providers

Scott Kroeger, Lutz Tech Shareholder
August 20, 2015
5 Reasons Profitable Companies Hire Technology Service Providers

Technology is critical for any business interested in increasing profits. Companies rely heavily on technology to automate the core functions within their business. While technology can be incredibly valuable when it’s working properly, it can also cause major headaches when it isn’t.

Business owners are being forced to deal with the technological aspects of their business, distracting them from executing their business strategy. As a result, businesses are increasingly turning to local technology service providers known as “Managed Service Providers” to manage the IT function within their business. What is an MSP? Simply put, an MSP becomes or augments a company’s IT department. There are a number of benefits of utilizing an MSP. These include:

 

1. 24/7 Availability

What happens if your server crashes in the middle of the night? MSPs have teams of highly trained professionals ready to make sure you’re covered 24 hours a day, seven days a week, 365 days a year. Business owners won’t have to worry about IT coverage in the event of holidays, sickness, or vacations. With phone access to a live technician, you have the peace of mind that an expert is a call away.

 

2. Knowledge

Most small to mid-sized businesses can find it difficult to keep an in-house IT manager paid a competitive wage, educated on the latest technologies, and challenged within their role. In the world of technology, staying on the cutting edge means a constant investment in technical training. Our MSP staff possesses a breadth of knowledge across the organization, allowing us to solve problems faster. With a wide array of experience and expertise, we are adopting and honing industry best practices on a daily basis. As a result, your business benefits by having the most highly trained IT staff available.

 

3. Business Consulting

Our IT team is unique in that it is a part of our overall team at Lutz. What does this mean for you as a business owner? It means that when you work with Lutz Tech as your MSP, you are not only getting IT experts, you are also getting business consultants who can align technology and business strategy. You aren’t just working with a ‘techie’, you’re working with a technology expert who also understands business. Your Chief Information Officer understands how technology can be used to increase revenue and decrease expenses. We don’t just fix your system when it breaks—we become a strategic partner who leverages technology to make your business more successful.

 

4. Reduced Risk

Turnover is inevitable when it comes to staffing, and having in-house IT resources exposes you to potential employee churn. If your IT manager is the only one who has knowledge about your company’s network, what do you do if they walk out the door? With an MSP, IT employee turnover is eliminated. At Lutz Tech, we have been providing IT services for over 15 years. Our tenured professionals average 8 years of industry experience. You can be guaranteed you will never have to hire or train another IT resource within your company.

 

5. Cost-Effectiveness

Lutz Tech provides all the services of an internal IT department for a fraction of the cost. Our simple pricing model is based only on the employees who utilize technology, allowing for our services to scale as your company grows. Additionally, we recommend technology that meets your business needs and not what’s “cool” or “bleeding edge.” We make sure every dollar spent on technology is in the best interest of the business long term. Finally, our month-to-month agreements prevent you from getting locked into long-term contracts. If you have any questions, please contact us.
  • Ideation, Strategic, Individualization, Relator, Arranger

Scott Kroeger

Lutz Tech Shareholder

Scott Kroeger, Lutz Tech Shareholder, began his career in 1998. Since joining Lutz in 2011, he has played a foundational role in growing Lutz Tech—leading the acquisition and integration of two MSPs and expanding the division from 13 to more than 70 team members. His leadership extends across the firm, having served over a decade on the Lutz Board of Directors, eight years on the Lutz Financial Board, and twelve years as the Lutz Tech Department Head. 

Championing Lutz Tech’s service strategy, Scott focuses on executive leadership, business development, operations, and client relationships. He values collaborating with the team and delivering peace of mind to clients through reliable IT solutions that help their businesses thrive. His background across software and services industries gives him a broad perspective, and he is passionate about building scalable, practical technology strategies. 

 

At Lutz, Scott makes the complex simple by translating business needs into smart, results-driven solutions. His ability to build meaningful relationships and arrange resources efficiently has been pivotal in the substantial growth of the firm's technology practice. Scott consistently strives to develop strategic solutions that advance the firm's technological capabilities. 

 

Scott lives in Omaha, NE, with his wife, Wendi, and their four children—Kelly, Chase, Leo, and Emmy—along with their two dogs, Nicky and CeCe. Outside the office, you can find him golfing or enjoying the outdoors. 

402.827.2304

skroeger@lutz.us

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