THIS Is Why Recurring Revenue Changes Everything | Aaron McCarthy
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Aaron McCarthy spent 20 years in corporate IT before deciding he was done climbing someone else's ladder.
In 2018 he convinced his wife for them to take a SBA loan and started Maven IT out of a borrowed front office in exchange for free support. No staff. Just him and a laptop.
In this episode we covered:
→ Why he picked recurring revenue as his model before he even had a business
→ How a cold call to a Smoothie King franchisee turned into a 50-location relationship
→ What actually happens operationally when you acquire a business
→ The cybersecurity basics small businesses skip until they get hacked
→ What he's looking for in his next acquisition strategy
Aaron’s got a simple filter: will it produce recurring revenue? Can I improve the operations? Can I learn it myself first? When those boxes check, he moves.
Aaron, thanks for coming in and sitting down on Beyond The Hustle. Appreciate you dude!
Chapters
0:00 - Intro
1:00 - Who Aaron is and what Maven IT does
2:30 - 20 years in corporate and the recurring revenue light bulb
5:05 - Why he bought a commercial cleaning company
6:15 - Transitioning ownership and what he inherited
9:00 - Starting Maven IT at 40 with an SBA loan
12:25 - How the Smoothie King relationship started
15:15 - How the MSP space has changed and where new growth comes from
20:05 - AI, cybersecurity, and what's actually happening in the space
25:34 - What small businesses should do right now about cybersecurity
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