By
Mendy Green
December 12, 2022
•
20 min read
Business
What should I know about my business
As a business owner, it’s important to have a good understanding of your business goals, and its operations. There are several key questions that every business owner should be able to answer in order to ensure the success and growth of their company.
- What is your why? If you know me personally, by now you know I am a follower of Simon Sinek. Simon’s consistent chasing the why is something I’ve come to admire and strive for. The reason you get out of bed every day, the reason you go to work, if you know it, it’ll sustain you and become the building block for your Company Culture and Core Values.
- Who are your customers? It’s important to have a clear understanding of who your target customers are and what their needs and preferences are. This will help you tailor your products and services to meet their specific requirements and create a more personalized customer experience. More importantly, staying in touch with them will help you adjust to their changing needs, so you stay relevant.
- What is your revenue model? How do you generate revenue and make a profit? This could be through the sale of products or services, subscriptions, advertising, or a combination of these methods. Understanding your revenue model will help you identify growth opportunities and make strategic business decisions.
- What are your expenses? It’s crucial to have a good understanding of your business’s expenses, including fixed costs like rent and salaries, as well as variable costs like materials and marketing expenses. This will help you manage your cash flow and make sure your business is profitable.
As a business owner, it’s essential to have a strong and focused culture and a set of core values that guide your company’s actions and decisions.
Business culture refers to the values, beliefs, and behaviors that make up a company’s identity. It’s the “personality” of the organization and the way it operates. A strong culture is one that aligns with the company’s goals and mission, and that supports the growth and success of the business.
These values should reflect your company’s mission and goals and should be integrated into every aspect of your business operations. Once your values are established, it’s important to communicate them to your team in to help make sure they are integrated into the company’s operations and decision-making processes. While all the other points are critical for owning and operating a business, they are also all areas that can be delegated (and usually are for larger businesses). The first point, regarding company culture is something that can only come from the top.
There are several reasons why this can have a major impact on the success and growth of your business.
First, a strong and focused culture can help attract and retain top talent. Employees who share your company’s values and beliefs are more likely to be motivated and engaged in their work and are more likely to stay with the company long-term. This can improve morale and productivity and can help drive the success of your business. This can include offering opportunities for professional development and growth, providing a healthy and supportive work environment, and recognizing and rewarding outstanding performance.
Second, a consistent and focused culture can improve customer satisfaction. Customers want to do business with companies that share their values and beliefs. Simon Sinek uses the one wearing the Red Hat as an example. People gravitate to those they connect with and by having a clearly defined culture you can articulate it allows others to see what you stand for and more easily connect with you, which can help increase loyalty and repeat business, as well as establish a greater level of trust.
Third, a focused culture and set of core values can provide guidance and direction for your employees. By having a clear set of values that everyone understands and adheres to, you can create a cohesive and consistent brand and customer experience. This can help improve collaboration and communication within your team and can make it easier to make strategic business decisions.
Finally, having that strong culture and core values established gives you guiding principles when it comes time to pick which companies you start a vendor/client relationship with, being able to articulate what you stand for allows you to recognize easily those that align with you or those that do not. You can quickly identify business practices and test them against your core value. “Is this company being honest”, “Do they care about customer experience” are questions you can easily answer based on the start of the relationship and your interaction throughout.
While having a unique selling proposition (USP) is often considered an essential part of a successful business, there is some debate over whether it is still relevant in today’s competitive market. With so many businesses offering similar products and services, it can be difficult to differentiate yourself and stand out from the crowd.
Additionally, many prospects may not have the time or inclination to thoroughly research and compare different vendors before making a purchasing decision. They may rely on marketing messages and other external factors to make their decision, rather than taking the time to evaluate the validity of a company’s USP.
In some cases, a company’s USP may be seen as simply a marketing tactic, rather than a genuine differentiator. This can lead prospects to view all USPs as equally valid, or to disregard them altogether.
Overall, while having a unique selling proposition is still important, it may not be as effective as it once was as a marketing strategy in a crowded and competitive market. It’s important for businesses to carefully consider their USP and whether it is a genuine differentiator, or if it is simply a generic marketing message, and in reality, aligning this with your Culture will help give you a true differentiator.
I'm passionate about IT, driven by a dual love for solving complex problems and a commitment to transforming the stereotype of technical support into a positive and enjoyable user experience. For over 13 years, I've been deeply involved in the MSPGeek community, lending my expertise to various Managed Service Providers (MSPs), while also serving as the CTO at IntelliComp Technologies.
My journey in the tech world is fueled by a passion for teaching others. I find great satisfaction in imparting problem-solving and critical thinking skills, and offering practical guidance during the troubleshooting process. It's this enthusiasm for mentorship and improvement that led me to my current venture.
Today, as the founder of Rising Tide, I'm focusing on the MSP industry, dedicating my time to coaching and assisting both individuals and businesses. At Rising Tide, we're not just about providing solutions; we're about nurturing growth, fostering innovation, and building a community where everyone can rise together. Whether it's through hands-on problem solving or strategic planning, my goal is to make the IT experience not just efficient, but also empowering and enjoyable
See some more of our most recent posts...
By the [run]Book: Episode 7
Episode 7 of By the [run]Book covers HaloPSA v2.196 and v2.198, featuring updates to ticket layouts, SQL-driven automation, reporting, AI controls, and multi-page ticket logging.
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In Episode 7 of By the [run]Book, the team finishes off highlights from v2.196 before diving into the first v2.198 beta features. From multi-column ticket layouts and SQL-driven scheduled tickets to dynamic field visibility groups, AI exclusions, and multi-page ticket logging, this release is stacked with quality-of-life improvements and automation power-ups. A must-watch for MSPs looking to fine-tune service delivery and streamline configuration.
Watch Now: By the [run]Book: Episode 7
For easier tracking, check out haloreleases.remmy.dev to filter and search HaloPSA updates by ID, version, and keyword.
Added the setting 'Number of columns on the End-User Portal new Ticket screen' at Ticket type level | v2.196 #688629 | 1:29
Lets you define how many columns appear in end-user ticket forms.
- Condense long forms into multiple columns
- Easier to design cleaner layouts for portal users
Added the ability to filter Microsoft CSP site value mappings by Azure Group | v2.196 #753423 | 5:47
Filter CSP mappings to assign values by Azure group membership.
- Useful for billing types or licensing models
- Simplifies recurring invoice criteria
Added option to add Assets to Scheduled Tickets using custom SQL query | v2.196 #739358 | 9:55
Schedule tickets dynamically based on SQL queries for assets.
- Automatically pull asset lists
- Enables complex filtering by type, warranty, or other attributes
A setting has been added to Appointment Types to hide/remove Attendees from Appointments | v2.196 #414277 | 14:45
Prevent certain appointment types from including client attendees.
- Good for internal reminders
- Avoids accidental client notifications
Added option at Ticket Area level to add an image to the page header | v2.198 #967928 | 18:58
Ticket areas can now display custom images in the header.
- Supports branding or co-managed IT scenarios
- Add a logo or visual context per area
Report Bar charts which include a sum or count of records can now be split by a field in a Report | v2.198 #967725 | 20:59
Improved reporting with stacked bar splits.
- Group by multiple fields (e.g., client + status)
- More flexible dashboards
A setting has been added to Project Management Configuration to enable ordering of Project Tasks by a Sequence Number by default | v2.198 #962014 | 22:46
Projects tasks can now follow sequence numbers.
- Improves ordering in templates and live projects
- Sets consistent workflows
Quote Settings and Quote Approvals have been split out onto separate Configuration lists | v2.198 #961971 | 24:38
Quote settings and approvals are now managed separately.
- Cleaner configuration pages
- Easier to find the right settings
A setting has been added to Quote Configuration "Show the Product list prices using converted rate" | v2.198 #960576 | 25:24
Show product list prices in the target quote currency.
- Better transparency for multi-currency quotes
Improved Billing module configuration layout | v2.198 #959686 | 25:52
Billing configuration split into clearer sections.
- Easier to navigate invoice, labor, and travel settings
Remote support functionality is now available with the ConnectWise Control integration | v2.198 #952417 | 26:53
HaloPSA integration now supports remote session invites.
- Directly link sessions from assets or tickets
Added new method for line total calculations for Invoices, Quotes, Sales Orders and Purchase Orders | v2.198 #949475 | 27:36
Introduces improved line total calculations.
- Better rounding in multi-currency scenarios
- More consistent invoice/quote math
CRM note custom fields can now be re-ordered using sequence values | v2.198 #947824 | 29:42
Control the order of CRM note custom fields.
- Easier to present critical info at the top
- Cleaner user experience
Dynamic field visibility conditions are now grouped | v2.198 #935136 | 29:49
New grouping logic for dynamic field conditions.
- Combine multiple AND/OR groups
- More flexibility when designing forms
Added a customer level setting to exclude the customer from AI functionality | v2.198 #921333 | 33:31
Exclude sensitive customers from Halo’s built-in AI.
- Useful for legal/privacy requirements
- Can be referenced by custom AI logic too
You can now choose an asset column profile for the assets field on the new ticket screen on the self service portal | v2.198 #855247 | 34:18
Control which asset columns users see when logging tickets.
- Improves clarity for end users
- Customize per ticket type
You can now search the Ingram Micro hardware catalogue directly | v2.198 #839722 | 36:31
Pull products straight from Ingram Micro.
- Faster quoting process
- Avoids manual catalog lookups
Added the ability to enforce that a service should always appear in the 'Favourite Services' on the portal when accessible to the user or prevent a service from appearing in the 'Favourite Services' | v2.198 #838454 | 36:53
More control over “Favourite Services” in the portal.
- Force visibility for key services
- Prevent clutter from irrelevant ones
Add various improvements to ticket Kanban views | v2.198 #826176 | 37:08
Ticket Kanban boards improved.
- Show all stages, even empty ones
- Choose default view type
Added a permission to determine whether agents can push configuration changes between other environments/instances | v2.198 #815397 | 39:01
Granular permission for pushing config changes.
- Useful for staging/dev/test environments
Service and service category user access restrictions are now grouped | v2.198 #815195 | 39:18
Improved grouping for user access restrictions.
- Cleaner criteria logic
- Matches new grouping system
New storage method for global settings to improve performance | v2.198 #812830 | 40:04
Settings now stored in a new format.
- Faster performance
- Friendlier structure for reporting
Added the ability to restrict Mailbox senders to multiple Teams, Departments and Organisations | v2.198 #804411 | 42:59
Mailbox sender restrictions expanded.
- Route inbound email more flexibly
- Apply to multiple orgs/departments
A setting has been added to Custom Field creation that allows non-integer values to be used for Single Select ID fields populated by Custom Integrations | v2.198 #803758 | 43:14
Single Select IDs can now use non-integer values.
- Supports GUIDs and strings
- Essential for Graph API and external integrations
Added an option to include cloned tickets in the same Milestone as the original ticket | v2.198 #781758 | 48:59
Cloned tickets can now inherit milestones.
- Keeps related work aligned
- Reduces cleanup
Added a new setting in the Billing configuration to apply credit using Payments | v2.198 #770215 | 49:27
Credits can now be applied as payments.
- Better alignment with accounting practices
- Avoids negative line-item issues
Added the ability to change an action's contract from the Awaiting Review list | v2.198 #767329 | 53:07
Contracts can now be swapped in the review list.
- Supports correcting mistakes without reopening
Impprovements to the AWS integration | v2.198 #744781 | 54:04
Enhancements for AWS usage billing.
- More accurate sync
- Broader coverage of services
Multi-Page Ticket Logging is now available for the Self Service Portal | v2.198 #441082 | 54:22
Split ticket forms into multiple pages.
- Improves user experience
- Configure by field groups
A Bulk option has been added to user lists to change users into service users (or Non-Service Users) | v2.198 #383627 | 55:42
Bulk toggle users between service and non-service.
- Simplifies user management at scale
A Default Sequence/Order has been added to Product/Item Groups that will be used when adding Products/Items to Quotes/Orders/Invoices | v2.198 #357664 | 56:10
Item groups now support a default sequence.
- Ensures predictable ordering
- Reduces manual sorting
By the [run]Book: Episode 6
In Episode 6, the team explores HaloPSA v2.196 stable, covering billing recalculation, recurring invoice options, mailbox filters, project billing efficiency, role-based permissions, and automation upgrades.
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Episode 6 breaks down HaloPSA v2.196 (stable). We cover improvements to billing recalculation and recurring invoice scheduling, on-prem integration security, ticket UI/UX (action groups, field group behavior), role-level controls, chat on existing tickets, and a big boost to project billing performance in Ready for Invoicing. Ideal for MSPs tightening finance, project, and automation workflows in Halo.
Watch Now: By the [run]Book: Episode 6
For easier tracking, check out haloreleases.remmy.dev to filter and search HaloPSA updates by ID, version, and keyword.
A setting has been added to the Advanced Settings so that a default font can be chosen for the Editor on Tickets and Actions | v2.196 #957605 | 4:43
Choose a consistent default font for editors in tickets and actions.
- Set globally in Advanced Settings
- Keeps agent communications visually consistent
Added a security check for integrations that are configured to allow unauthenticated webhooks | v2.196 #956772 | 5:54
A banner warns when integrations allow unauthenticated webhooks.
- Nudges admins to tighten webhook security
- Reduces risky integration configurations
A button has been added to the Customer screen to allow time entries to be recalculated in the background | v2.196 #955934 | 7:12
Recalculate billing for a selected customer over a defined window.
- Limited to recent months for performance
- Respects locked or already-invoiced time entries
Billing Plan Combinations can now be given a Start and End date; time logged outside of these values will not match the combination | v2.196 #955162 | 13:37
Control when a billing rule applies.
- Prevents unintended retroactive changes
- Smooth transitions as pricing rules evolve
A setting has been added to Configuration > Recurring Invoices > List Settings so that Recurring Invoice lists will hide Inactive Invoices by default | v2.196 #953223 | 17:06
Declutter your recurring invoice view.
- Hide inactive by default
- Recommended for most teams
Added "Mailbox" as a Ticket List Criteria | v2.196 #948983 | 19:38
Filter or route tickets by the mailbox they came from.
- Easier separation of alert mailboxes vs. support
- Useful for list views, rules, and reporting
Improvements to on-premise integrations that use the Halo Integrator | v2.196 #937027 | 22:53
Security and reliability enhancements for on-prem connections.
- Support for secure credential storage (e.g., Azure Key Vault)
- More control for local integration schedules
Default Start Date can now be set at Ticket Type level | v2.196 #920636 | 25:29
Make start dates automatic for certain ticket types.
- Helpful for templates and scheduled tasks
- Reduces manual edits by agents
Added a setting to prevent field groups from being collapsed | v2.196 #898449 | 26:37
Keep grouped fields always visible.
- Ensures critical fields remain expanded
- Useful for long, important forms
Added Client/Site CRM Note Created/Updated/Deleted as notification and runbook triggers | v2.196 #894541 | 28:32
Automate around CRM note activity.
- Great for account management follow-ups
- Notes can log time and trigger workflows
Runbook methods now support response that are only text | v2.196 #881111 | 33:01
Runbooks can process text-only API responses.
- Supports non-JSON endpoints
- Use text values in runbook lookups
Improvements to the XLS imports | v2.196 #855596 | 34:24
Safer, clearer Excel imports.
- New Validate button to test before running
- Optionally limit rows per batch
Added option on Recurring Invoice schedules to invoice on a specific day of the month | v2.196 #840590 | 37:18
Bill on an exact day each month.
- Avoid hacky “days ahead” workarounds
- Keep clean monthly periods (1st–end)
Added the setting 'Disable modification of milestones on Tickets' at Template level | v2.196 #835114 | 42:10
Lock milestone structures from templates.
- Enforces standard project delivery sequences
- Prevents ad-hoc milestone changes
Added option to 'chat about a ticket' for users on the self-service portal | v2.196 #828310 | 43:21
Let end users chat directly on an existing ticket.
- Maintains context vs. starting a new chat
- Useful where chat is a primary channel
The options for "Add to Project" and "Add budget to Project" will no longer show on the Sales Order line when no Products are created for the Sales Order and the option to only show Projects on the same Sales Order is being used | v2.196 #821081 | 45:46
Reduce confusion on sales order lines.
- Hide project actions when they don’t apply
- Keeps UI aligned with “same sales order” constraint
Added the option to restrict log on behalf permissions at user role level | v2.196 #820693 | 47:01
Granular “log on behalf” controls.
- Scope by client/site/department
- Tighter control for delegated ticket creation
Added Action Groups | v2.196 #722376 | 51:12
Group actions into dropdown menus on tickets.
- Declutters the action bar
- Create intuitive groups (e.g., AI, Notes, Contact)
Improved project loading efficiency in the ready for invoicing section | v2.196 #594973 | 56:31
A big boost to project billing performance.
- Project number stored on each time entry
- Faster loads and simpler reporting (even several levels deep)
Added 6 new notification/runbook trigger events | v2.196 #453212 | 58:49
More events to hook automations into.
- Build richer alerts and operational actions
- Expand your runbook coverage
For more insights, see our guide on choosing the right ticket status colors in HaloPSA
Also, check out our partner Renada’s video: From Feedback to Forest: Automating Tree Planting in HaloPSA
By the [run]Book: Episode 5
Episode 5 covers HaloPSA v2.192–v2.195 with updates on secure links, billable time, asset relationships, invoicing, and AI improvements for MSPs
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In Episode 5 of By the [run]Book, the crew digs into four HaloPSA releases in one session—covering versions 2.192 through 2.195. From new ways to share secure links and manage billable time to asset relationship mapping and invoice automation, this episode is packed with practical updates. If you’re an MSP looking to tighten processes, improve reporting, or explore Halo’s evolving automation and AI features, this one is worth the watch.
Watch Now: By the [run]Book: Episode 5
Report Guide Field | v2.192 #783026 | 3:19
Halo added a Report Guide field in the report designer for better context.
- Supports descriptions, instructions, or context at the top of reports
- Rich text formatting available
- Great for AI-driven reporting and analyst clarity
One-Time Secure Message Links | v2.192 #768829 | 4:55
Send secrets safely with one-time secure links.
- Links expire after a set period or views
- Currently requires portal login, but more flexibility is coming
- Helps replace tools like PW Push for sensitive info
Billable Time Recorded Field | v2.192 #763812 | 9:12
A new Billable Time Recorded column is available in ticket profiles.
- Distinguish billable vs. total time logged
- More accurate budget tracking against contracts
- Avoid confusion around no-charge vs. billable work
Runbook <<halo_url>> Variable | v2.192 #762123 | 9:59
A new runbook variable for halo_url has been added.
- Makes it easier to reference environment URLs
- Useful for runbooks with API calls and integrations
Hide Quotations by Status | v2.192 #757332 | 11:03
Control which quotes appear on tickets/opportunities.
- Hide expired or superseded quotes automatically
- Prevents clients seeing outdated pricing
- Review your quoting statuses for correct configuration
Disable SLAs | v2.192 #753297 | 14:22
A safer way to deactivate SLAs.
- Checkbox allows disabling without deleting
- Avoids breaking ticket configurations
- Recommended over deletion for historical consistency
Invoice Reference in Bills | v2.192 #718191 | 15:37
Specify invoice references when creating bills from POs.
- Adds clarity when reconciling bills against purchase orders
Closure Settings – SLA vs Normal Hours | v2.192 #699717 | 16:13
Set whether closure timers run on SLA working hours or calendar hours.
- Prevents old tickets reopening after long periods
- Best paired with portal-only reopen for true recurrences
Risk Scoring | v2.192 #514694 | 18:56
New risk scoring tool for change management.
- Calculates risk based on multiple impact factors
- Standardizes approvals and CAB discussions
Recurring Invoice Prorata Default | v2.192 #443946 | 21:13
A default configuration for prorata handling in recurring invoices.
- Options for “all” or “all except monthly”
- Saves manual work in billing setups
Asset Relationships | v2.193 #7793410 | 25:00
Expanded asset management capabilities.
- Define dependencies and relationships (installed on, upstream, etc.)
- Better for ITSM-focused MSPs and topology maps
“The Big One” Patch Button | v2.194 | 32:34
A mysterious patch button—covered lightheartedly in the episode.
Asset Custom Buttons per Type | v2.195 #829270 | 33:48
Custom buttons can now be restricted to asset type level.
- Provides more control and avoids clutter in the UI
Invoice PDFs in Unpaid Tickets | v2.195 #823241 | 33:59
Unpaid invoice tickets now include the invoice PDF automatically.
- Allows direct sending of the invoice as attachment
- Simplifies automation for collections
Pending Closure Email Recipient | v2.195 #819257 | 41:50
Choose recipients for automatic emails on pending-closure tickets.
- Flexibility in who receives closure notifications
User Permissions – Create vs Edit | v2.195 #882480 | 42:14
New permission level for user management.
- Agents can create users but not edit existing ones
- Reduces risk of social engineering attacks
Sales Orders Manual Completion | v2.195 #834419 | 44:15
Sales order lines must now be marked complete manually (optional).
- Avoids premature auto-closure when steps remain
Runbook SQL Test | v2.195 #839089 | 46:26
Runbook steps with SQL can now be tested directly.
- Major speed boost for building and debugging runbooks
AI Improvements – Context Hints | v2.195 #812354 | 48:44
AI field suggestions now appear inline as context hints.
- Reduces clutter vs. separate panels
- Can be toggled at ticket type or action level
Microsoft Entra ID Access Control | v2.195 #714899 | 53:20
Added access controls to the Entra ID integration.
- Controls who can configure/edit the integration
Custom Table SQL Import Improvements | v2.195 #739256 | 55:25
Enhanced SQL imports for custom tables.
- Larger row imports supported
- Pagination and filtering options added