Loved Jason M. Lemkin’s answer here. As someone who has founded/scaled SaaS startups and invested in SaaS, I see that sometimes how investors predict success and what founders see as important are not the same thing. But there’s value to both perspectives.
Taking an investor’s approach, these are the broader indicators I look at-
- Is the market scalable? The niche market which fits the product during the product-market fit phase should be similar in user behavior compared to the bigger market the product is trying to scale at. This means that scaling will be both predictable and fast.
- Is the marke
Loved Jason M. Lemkin’s answer here. As someone who has founded/scaled SaaS startups and invested in SaaS, I see that sometimes how investors predict success and what founders see as important are not the same thing. But there’s value to both perspectives.
Taking an investor’s approach, these are the broader indicators I look at-
- Is the market scalable? The niche market which fits the product during the product-market fit phase should be similar in user behavior compared to the bigger market the product is trying to scale at. This means that scaling will be both predictable and fast.
- Is the market predictable? While vagueness is okay at the early stages, having predictability over how the product’s market is going to behave in the next 6 - 12 months is a key characteristic of successful SaaS companies. Without this clarity, it will be impossible to predict if the product will grow or not.
- Does the product have fans? I would like to see one or more of these happening with the product no matter what the stage of the product is at-
- Users are going to extreme lengths to shift to the product
- Customers are raving about the product on social media
- Micro-influencers are suggesting the product in their communities.
Taking a founder’s perspective, these are the product indicators I look at-
- What are key product insights? What do you as a founder know about the market that many in the industry don’t? How does this insight help you make a better product and sell it?
- What’s your returning user %? How many of your first-time users come back within a week? What do they do after coming back? How many of them convert to paid users? How active are they after converting? These questions answer key aspects of your product like
- whether your onboarding is effective,
- whether you are attracting the right audience to the product,
- whether you are generating enough value for your customers, and
- whether you understand your user's behavior better than your competitors.
- What are you putting a price on? This is a key question closely tied to your retention. Is your product a utility one? Are people paying for using the product? In such a case, you are putting a price on the “access to the tool”. For example, let’s take a tool that is used to schedule social media posts. The main reason why a user will stay with such a tool is the cognitive cost of shifting to a newer tool. You’ll have to have a competitive price or have products that cover other aspects of digital marketing to retain such users. On the other hand, if your user is co-creating content on the product using your tool, then putting a price on the co-creation makes more sense. For example, you have to pay for Slack to let you access your team’s older messages. Since users are biased to value their work more than your tool, this pricing model predicts a stronger product retention.
The characteristics of Successful and Very Successful SaaS companies are actually rather different, at least in my experiences.
To be a Successful SaaS Company -- which is very hard today, because there are 10,000+ SaaS start-ups everywhere in every category -- you need:
- A very, very committed CEO and founders. It's too hard to make customers happy if you aren't truly 100% committed.
- Product-market fit. Which can be arrived at, or hacked, in many different ways.
- Passion and belief in your market, customers and journey.
- The patience to keep at it, for always, forever. 'Cuz it takes 7-10 years, minim
The characteristics of Successful and Very Successful SaaS companies are actually rather different, at least in my experiences.
To be a Successful SaaS Company -- which is very hard today, because there are 10,000+ SaaS start-ups everywhere in every category -- you need:
- A very, very committed CEO and founders. It's too hard to make customers happy if you aren't truly 100% committed.
- Product-market fit. Which can be arrived at, or hacked, in many different ways.
- Passion and belief in your market, customers and journey.
- The patience to keep at it, for always, forever. 'Cuz it takes 7-10 years, minimum, to really get anywhere in SaaS.
Because once you have $1m, $2m in ARR ... if you are growing at a decent clip ... you can probably almost always keep growing.
But.
That alone doesn't breed a Unicorn.
To be a Very Successful SaaS Company. An Outlier. A Pre-nicorn. To achieve Hyper-growth. You also need:
- A great CEO. Not just very good. Incredibly, or at least very, smart. Insanely driven. Not just very drive. Really, a little bit insane. Because there's no magical network effect in SaaS. The CEO has to push the rock up the hill.
- The ability to see the future. In SaaS, anyone with a brain can see the white space that exists today. Oh, it's so stupid we still use Excel and clipboards in Industry XYZ. Of course it's stupid. But what's hard is to truly see where it will evolve in 2, 3, 7 years -- and how to get there. The best SaaS CEOs I know, the ones building Decacorns ... can see the future. And how to get there.
- The ability to get to that future, no matter what. Period. To recruit amazing teams. To break things and fix them. To pick themselves off the ground, 5, 10, 50 times. To never, ever quit.
- A market or at least, market segment, that is small now but will be huge. Related to seeing the future. For example, You can't take Salesforce head-on today, not really. But CRM is a big market. Start small, but see something that can be $10b+ in CRM. And make it so. Small markets that stay small-ish are common in SaaS companies that don't expand, that don't grow. These ones all stall out at some point.
Hiring a business consultant can feel like a big step, but it’s actually pretty simple if you know what you’re looking for. Here’s a quick guide to help:
- Know your goals
Start by being clear about what you need help with. Is it streamlining operations, increasing sales, or creating a marketing strategy? Knowing your goals will help you find someone with the right expertise. - Look for experience and reviews
Experience matters. You want someone who has actually solved the problems you’re dealing with. Check their reviews or past client feedback to see if they’ve done solid work before. - Use a platfor
Hiring a business consultant can feel like a big step, but it’s actually pretty simple if you know what you’re looking for. Here’s a quick guide to help:
- Know your goals
Start by being clear about what you need help with. Is it streamlining operations, increasing sales, or creating a marketing strategy? Knowing your goals will help you find someone with the right expertise. - Look for experience and reviews
Experience matters. You want someone who has actually solved the problems you’re dealing with. Check their reviews or past client feedback to see if they’ve done solid work before. - Use a platform like Fiverr
This is where Fiverr comes in handy. I’ve personally used it to find consultants for a couple of projects, and it’s super straightforward. Just search “business consultant” on Fiverr, and you’ll find a ton of options, from general consultants to niche experts. You can also filter by budget and read reviews to make sure they’re legit. - Have a chat first
Before hiring, message the consultant to discuss your project. Most pros on Fiverr are happy to answer questions and see if they’re a good fit. - Start with a small project
|If you’re unsure, test them out with a smaller task first. That way, you can see if their style and advice work for you before committing to something bigger.
Best of luck!

Successful Software as a Service (SaaS) companies typically share several key characteristics that contribute to their growth and sustainability. Here are some of the most important ones:
1. Customer-Centric Approach
- User Experience: A focus on providing an intuitive and seamless user experience.
- Customer Support: Responsive and effective customer service to help users maximize the value of the product.
2. Scalable Business Model
- Recurring Revenue: A subscription-based pricing model that ensures predictable and recurring revenue.
- Scalability: The ability to grow the customer base without a correspon
Successful Software as a Service (SaaS) companies typically share several key characteristics that contribute to their growth and sustainability. Here are some of the most important ones:
1. Customer-Centric Approach
- User Experience: A focus on providing an intuitive and seamless user experience.
- Customer Support: Responsive and effective customer service to help users maximize the value of the product.
2. Scalable Business Model
- Recurring Revenue: A subscription-based pricing model that ensures predictable and recurring revenue.
- Scalability: The ability to grow the customer base without a corresponding linear increase in costs.
3. Strong Product-Market Fit
- Market Demand: A product that addresses a significant pain point or need in the market.
- Continuous Improvement: Regular updates and improvements based on user feedback and market trends.
4. Effective Marketing and Sales Strategies
- Inbound Marketing: Utilizing content marketing, SEO, and social media to attract leads.
- Sales Enablement: A well-trained sales team that understands the product and can effectively communicate its value.
5. Data-Driven Decision Making
- Analytics: Leveraging data to understand user behavior, optimize marketing efforts, and improve product features.
- Key Performance Indicators (KPIs): Monitoring metrics such as Customer Acquisition Cost (CAC), Customer Lifetime Value (CLV), and churn rate.
6. Robust Technology Infrastructure
- Reliability and Security: Ensuring the platform is secure, reliable, and can handle high volumes of traffic.
- Integration Capabilities: Ability to integrate with other tools and platforms, enhancing the product's value.
7. Strong Community and Ecosystem
- User Community: Building a community around the product that fosters engagement and loyalty.
- Partnerships: Collaborating with other companies to enhance the product offering and reach new customers.
8. Adaptability and Innovation
- Agile Development: Using agile methodologies to quickly respond to changes and market demands.
- Innovation: Continuously exploring new technologies and features to stay ahead of competitors.
9. Clear Vision and Leadership
- Strategic Leadership: Founders and leaders with a clear vision for the company's future and the ability to inspire and guide the team.
- Culture of Accountability: A culture that encourages responsibility and ownership among employees.
10. Global Reach
- Internationalization: Ability to serve customers in different regions by adapting the product and marketing strategies to local needs.
By focusing on these characteristics, SaaS companies can build a strong foundation for long-term success and growth in a competitive market.
Success is a vague measure and quite suited for the Philosophy section.
- Some would regard a SaaS business as successful if it grows steadily, allows the owners to do the work they love, get decent salaries out of it and hire a bunch of people that are fun to work with. Ideally, they become a known brand at least in their industry which gives them something to be proud of and some bragging rights at cocktail parties.
- Others define success as a potential billion-dollar-IPO.
I’m not an expert in the second category, so lets go with the first. What helps:
A product simple to understand
Contrary to comm
Success is a vague measure and quite suited for the Philosophy section.
- Some would regard a SaaS business as successful if it grows steadily, allows the owners to do the work they love, get decent salaries out of it and hire a bunch of people that are fun to work with. Ideally, they become a known brand at least in their industry which gives them something to be proud of and some bragging rights at cocktail parties.
- Others define success as a potential billion-dollar-IPO.
I’m not an expert in the second category, so lets go with the first. What helps:
A product simple to understand
Contrary to common believe, you don’t need a particularly good idea. It’s enough to have a better version of something people know about. Actually, it makes things a lot easier, especially for the sales people: “You know X? Our product does exactly the same thing, but 5% better, 5% faster, 5% cheaper. “ Easiest sale ever.
On the other side, having a product with the potential to revolutionize an industry is going to be the toughest deal ever. I speak from experience.
Specialization
You need to have strong focus. You need strong focus. I repeated it on purpose. Say after me: I need strong focus!
Believe it or not, being laser-focused makes everything so much easier:
You have a clear idea who you want to target. You will have a much easier time to get your marketing right. You will have much better sales stories. Your product will be perfect for your customers.
Being focused is the only reason people need to buy from you.
Immagine this: You look for a online marketing specialist and you find two interesting consultants.
The first one reads on the website: “We are providing online marketing consulting for all kinds of business.”
The second: We help early SaaS start-ups grow through online marketing.
Both have probably the same product, same quality, same price. One has a much better sales story. Which one do you pick?
Did I already mention that you need strong focus?
Good salesmanship
First, you need ten. Ten customers. Good paying customers. The type you want to build on, not some guinea pigs. Forget about anything else, get these 10 customers. You will not get these 10 first customers by doing what you do to get from 990 customers to 1000 customers.
Once you have 10, find 100. Then 1000. You will discover that your sales tactics are quite different in each of these phases. It’s important to have a person able to get the first 10 and then the first 100 customers.
With 100 of your well-liked targeted customers under the belt you can probably afford someone helping you to scale to 1000 and beyond.
A great story
You don’t have a budget to become a well-known brand by simply repeating your message for years all over the place. So you need something people like to talk about. It’s not necessary that everyone likes your story - only those you want as customers.
What makes you different, unique, funny, worth talking about?
Find that story and tell it so it can spread.
A good team
You will be hit by a lot of roadblocks.
You need to survive the impact, learn, grow stronger and continue.
Having great people around helps immensely.
Happy starting up
It actually depends on what you mean by ‘GREAT.’
Do you mean being great in client acquisition? By creating a robust solution? By having a great team beside you? — define your own definition of greatness.
Here are some ideas that can help you.
- Greatness by being successful
This is having a successful and very profitable business. It also entails building great connections and partnerships with business individuals that help you to further your business in the industry.
Greatness by having an achieving good working environment
This means having a healthy sphere for your team to thrive and be the b
It actually depends on what you mean by ‘GREAT.’
Do you mean being great in client acquisition? By creating a robust solution? By having a great team beside you? — define your own definition of greatness.
Here are some ideas that can help you.
- Greatness by being successful
This is having a successful and very profitable business. It also entails building great connections and partnerships with business individuals that help you to further your business in the industry.
Greatness by having an achieving good working environment
This means having a healthy sphere for your team to thrive and be the best version of themselves. It makes your staff feel valuable because their voices can be heard, and their opinions matter. - Greatness on the client’s side
Being great in this sector means offering a product that is an excellent fit for clients and adds value to their day-to-day personal and business lives—having a solution that is intuitive and very easy to use for the clients. Remember: if your customers are asking for a manual, then most certainly, your product fails.
You must first define your true meaning of greatness, and by then, you will know what your next step will be.
Where do I start?
I’m a huge financial nerd, and have spent an embarrassing amount of time talking to people about their money habits.
Here are the biggest mistakes people are making and how to fix them:
Not having a separate high interest savings account
Having a separate account allows you to see the results of all your hard work and keep your money separate so you're less tempted to spend it.
Plus with rates above 5.00%, the interest you can earn compared to most banks really adds up.
Here is a list of the top savings accounts available today. Deposit $5 before moving on because this is one of th
Where do I start?
I’m a huge financial nerd, and have spent an embarrassing amount of time talking to people about their money habits.
Here are the biggest mistakes people are making and how to fix them:
Not having a separate high interest savings account
Having a separate account allows you to see the results of all your hard work and keep your money separate so you're less tempted to spend it.
Plus with rates above 5.00%, the interest you can earn compared to most banks really adds up.
Here is a list of the top savings accounts available today. Deposit $5 before moving on because this is one of the biggest mistakes and easiest ones to fix.
Overpaying on car insurance
You’ve heard it a million times before, but the average American family still overspends by $417/year on car insurance.
If you’ve been with the same insurer for years, chances are you are one of them.
Pull up Coverage.com, a free site that will compare prices for you, answer the questions on the page, and it will show you how much you could be saving.
That’s it. You’ll likely be saving a bunch of money. Here’s a link to give it a try.
Consistently being in debt
If you’ve got $10K+ in debt (credit cards…medical bills…anything really) you could use a debt relief program and potentially reduce by over 20%.
Here’s how to see if you qualify:
Head over to this Debt Relief comparison website here, then simply answer the questions to see if you qualify.
It’s as simple as that. You’ll likely end up paying less than you owed before and you could be debt free in as little as 2 years.
Missing out on free money to invest
It’s no secret that millionaires love investing, but for the rest of us, it can seem out of reach.
Times have changed. There are a number of investing platforms that will give you a bonus to open an account and get started. All you have to do is open the account and invest at least $25, and you could get up to $1000 in bonus.
Pretty sweet deal right? Here is a link to some of the best options.
Having bad credit
A low credit score can come back to bite you in so many ways in the future.
From that next rental application to getting approved for any type of loan or credit card, if you have a bad history with credit, the good news is you can fix it.
Head over to BankRate.com and answer a few questions to see if you qualify. It only takes a few minutes and could save you from a major upset down the line.
How to get started
Hope this helps! Here are the links to get started:
Have a separate savings account
Stop overpaying for car insurance
Finally get out of debt
Start investing with a free bonus
Fix your credit
I love the variety of answers here to this question! I would just add that all great SaaS companies have strong product-market fit characterized by great customer retention. The ultimate test is when customers sign up, they stay, and their usage increases because the product solves a need or pain, and helps them achieve a goal. You can’t run a very success SaaS without fundamentally strong customer retention.
The other answers on here are great already. I do want to add a few more things that characterize successful SaaS companies:
- Great customer service. Customer service is like a culmination of all the good and bad things about a specific company. A product, no matter how good, can fail to execute at customer service and be hated on by the community. A complete ecosystem is needed to be great SaaS company and customer service epitomizes all of that.
- Great at educating customers. A good SaaS company not only can speak volumes about their core competency in their product/market fit but will also bear
The other answers on here are great already. I do want to add a few more things that characterize successful SaaS companies:
- Great customer service. Customer service is like a culmination of all the good and bad things about a specific company. A product, no matter how good, can fail to execute at customer service and be hated on by the community. A complete ecosystem is needed to be great SaaS company and customer service epitomizes all of that.
- Great at educating customers. A good SaaS company not only can speak volumes about their core competency in their product/market fit but will also bear the skills to educate their customers beyond what they know. This speaks volumes about the company’s ability to foresee the future and is indicative of their road map.
- Great at transparency. If you’ve ever encountered a SaaS business that’s not truthful or upfront about something, it’s doomed to fail. SaaS companies’ most important metric is MRR and transparency about everything they do can impact the bottom line.
Here’s the thing: I wish I had known these money secrets sooner. They’ve helped so many people save hundreds, secure their family’s future, and grow their bank accounts—myself included.
And honestly? Putting them to use was way easier than I expected. I bet you can knock out at least three or four of these right now—yes, even from your phone.
Don’t wait like I did. Go ahead and start using these money secrets today!
1. Cancel Your Car Insurance
You might not even realize it, but your car insurance company is probably overcharging you. In fact, they’re kind of counting on you not noticing. Luckily,
Here’s the thing: I wish I had known these money secrets sooner. They’ve helped so many people save hundreds, secure their family’s future, and grow their bank accounts—myself included.
And honestly? Putting them to use was way easier than I expected. I bet you can knock out at least three or four of these right now—yes, even from your phone.
Don’t wait like I did. Go ahead and start using these money secrets today!
1. Cancel Your Car Insurance
You might not even realize it, but your car insurance company is probably overcharging you. In fact, they’re kind of counting on you not noticing. Luckily, this problem is easy to fix.
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A company called National Debt Relief could convince your lenders to simply get rid of a big chunk of what you owe. No bankruptcy, no loans — you don’t even need to have good credit.
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Take a look at some of the world’s wealthiest people. What do they have in common? Many invest in large private real estate deals. And here’s the thing: There’s no reason you can’t, too — for as little as $10.
An investment called the Fundrise Flagship Fund lets you get started in the world of real estate by giving you access to a low-cost, diversified portfolio of private real estate. The best part? You don’t have to be the landlord. The Flagship Fund does all the heavy lifting.
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Read Disclaimer
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A truly great SaaS company needs to be world-class at two major functions. First, it needs to build fantastic products that are differentiated from the competition, powerful and yet easy to use. Some companies stop at product and believe that will guarantee success. But, as importantly, a great SaaS company is world-class at Marketing, Sales and Customer Success. If a SaaS business is not the market leader at identifying new customers, closing them, driving adoption and making them successful, then the company will never be truly great.
A good SaaS product is one that after 18–24 months at least, propagates enough of its own leads to create a self-sustaining business.
The customers are happy enough, the problem solved is important enough, the solution differentiated enough in a significant way … that the customer base self-propagates.
By no later than $1m-$2m in ARR, you should be growing at least 80% or more year over year without adding to demand generation, i.e. organically.
Then add in a killer sales VP, a great VP of Demand Gen, an experienced VP of Customer Success … and then … magic happens. That gets you the extra turboc
A good SaaS product is one that after 18–24 months at least, propagates enough of its own leads to create a self-sustaining business.
The customers are happy enough, the problem solved is important enough, the solution differentiated enough in a significant way … that the customer base self-propagates.
By no later than $1m-$2m in ARR, you should be growing at least 80% or more year over year without adding to demand generation, i.e. organically.
Then add in a killer sales VP, a great VP of Demand Gen, an experienced VP of Customer Success … and then … magic happens. That gets you the extra turbocharging beyond that 80% (or whatever the exact number is) of organic growth. This team will then take you from 80% to 120% or 80% to 160%.
I am at the cusp. In a bootstrapped SaaS with potential that is off the charts. Being a enterprise architect for fortune 50 companies I had the technical skill.
I missed the sales and marketing skills. Therefore I set out to create two advantages.
- Marketing by engineering
- Intrinsic virality
In most cases PPC does not work anymore. VC backed companies ruined it for the rest of us. And don’t be faked by Growth Hacking as it is mostly copy cat activities following tactics that don’t work anymore.
Content marketing for me never could be successful, as my target customers are not web surfers (using the
I am at the cusp. In a bootstrapped SaaS with potential that is off the charts. Being a enterprise architect for fortune 50 companies I had the technical skill.
I missed the sales and marketing skills. Therefore I set out to create two advantages.
- Marketing by engineering
- Intrinsic virality
In most cases PPC does not work anymore. VC backed companies ruined it for the rest of us. And don’t be faked by Growth Hacking as it is mostly copy cat activities following tactics that don’t work anymore.
Content marketing for me never could be successful, as my target customers are not web surfers (using the internet with keywords). And neither will SEO bear fruit. Leveraging other peoples networks always works. And above all build a audience and never stop.
I strongly suggest you understand what you are good at and either learn the missing skills or partner with a co founder to plug in a well rounded skill set.
Be aware it will take energy and hours 10 times the amount you can estimate.
I have invested 12,000 hours so far.
24/7/365.
If you can’t do that, don’t start.
It is all about execution, the new cool idea is the wrong approach.
If you believe in bootstrap like I do follow this guy. Lessons Learned by a Serial Entrepreneur
I have a SAAS Startup and for us these two are the north star metrics:
- No of paying customers
- Retention of these paying customers
If you acquire customers but losing them fast then its more dangerous because it may show that you have still not attained product market fit.
You may have acquired customers by exciting them but because of poor customer support or lack of customer success you are losing them.
Better to focus on retaining customers than acquiring them.
A good retained customers will also spread the word thus helping you acquire you more customers that too without any acquisition cost.
P.S:
I have a SAAS Startup and for us these two are the north star metrics:
- No of paying customers
- Retention of these paying customers
If you acquire customers but losing them fast then its more dangerous because it may show that you have still not attained product market fit.
You may have acquired customers by exciting them but because of poor customer support or lack of customer success you are losing them.
Better to focus on retaining customers than acquiring them.
A good retained customers will also spread the word thus helping you acquire you more customers that too without any acquisition cost.
P.S: A north star metric is the one metric that defines your critical milestone or one metric thats most important to your business. For AIRBNB its the number of nights booked.
Depends on the level of success you aspire to :) and how capital efficiently they need to be.
Can they get to $1Mn ARR? If they’ve gotten to $100K ARR in a market with TAM > $100Mn:
- If capital is not a constraint and this should be fairly straightforward.
- If capital is a constraint, then check if they have high referral rates, and low revenue churn. Even if they can’t invest in paid marketing, they will eventually get to $1Mn.
Can they get to $10Mn ARR? If they’ve gotten to $1Mn capital efficiently in a large enough market, the journey is usually much simpler. See if the founders have execution/co
Depends on the level of success you aspire to :) and how capital efficiently they need to be.
Can they get to $1Mn ARR? If they’ve gotten to $100K ARR in a market with TAM > $100Mn:
- If capital is not a constraint and this should be fairly straightforward.
- If capital is a constraint, then check if they have high referral rates, and low revenue churn. Even if they can’t invest in paid marketing, they will eventually get to $1Mn.
Can they get to $10Mn ARR? If they’ve gotten to $1Mn capital efficiently in a large enough market, the journey is usually much simpler. See if the founders have execution/corporate skills, can they hire a great team, can they keep the team together, can they delegate, can they keep cash in the bank, do they have good financial discipline. On the other hand if they’ve spent $6Mn to get to $1Mn, they better have a heckuva good story to keep burning money to get to initial scale.
Can they get to $100Mn? Answering this question when they’re still at $1Mn is hard in most cases. The metrics you need to see will be all over the place. This is really the bet that Series-A VCs are trying to make, and very few have gotten it right historically, and even fewer have gotten it right consistently.
So choose the type of bet you’re making!
Startups that succeed don’t just have good ideas; they have strategic execution. The difference between those that thrive and those that struggle lies in a few key characteristics:
- Relentless Focus on Solving a Real Problem: Successful startups aren’t obsessed with their products; they’re obsessed with the problems they solve. They identify a pain point that truly matters to a defined target audience and work tirelessly to deliver a solution that’s better, faster, or cheaper than what exists.
- Adaptability Over Perfection: Startups that win know that agility beats planning. They launch quickly, e
Startups that succeed don’t just have good ideas; they have strategic execution. The difference between those that thrive and those that struggle lies in a few key characteristics:
- Relentless Focus on Solving a Real Problem: Successful startups aren’t obsessed with their products; they’re obsessed with the problems they solve. They identify a pain point that truly matters to a defined target audience and work tirelessly to deliver a solution that’s better, faster, or cheaper than what exists.
- Adaptability Over Perfection: Startups that win know that agility beats planning. They launch quickly, embrace “done is better than perfect,” and iterate based on real-world feedback. They’re not afraid to pivot when data suggests a better path forward, treating every setback as a course correction rather than a failure.
- Strong Founders with Resilience and Vision: The ability to endure adversity is a hallmark of every great founder. The journey is brutal, and startups with grit push through challenges, learning from them, rather than crumbling under pressure. They also maintain a clear vision, ensuring every decision aligns with their broader purpose, inspiring the team and investors alike.
- Scalability in the Business Model: Winning startups think about scalability from day one. They design products and services that can grow without a proportional increase in costs or operational friction. Whether through tech, automation, or partnerships, they build systems that amplify their reach and impact.
- Data-Driven Decision-Making: Successful startups leverage data like a GPS. They measure what matters and adjust tactics quickly based on insights, not instincts. They keep their egos in check and let the numbers lead.
When these elements converge, a startup is not just surviving—it’s thriving, scaling, and rewriting the rules of its industry. The secret lies in relentless execution paired with a vision that’s unyieldingly customer-focused.
I think there are 2 main ways to get a new SaaS app off the ground:
Option 1: Hustle into The Enterprise. In almost every category of software, there are gaps. Painful gaps. Generally, several gaps that any buyer has and would pay, say $5k a month to solve. For example, an integration that doesn’t work well. Or a specific type of workflow that is missing in the standard app stack for that buyer. Or in some less served industries, software at all to serve certain functions.
Go out and talk to 30+ Target Buyers and ask what their biggest problem is. Ask them if they would pay $5k a month to solve
I think there are 2 main ways to get a new SaaS app off the ground:
Option 1: Hustle into The Enterprise. In almost every category of software, there are gaps. Painful gaps. Generally, several gaps that any buyer has and would pay, say $5k a month to solve. For example, an integration that doesn’t work well. Or a specific type of workflow that is missing in the standard app stack for that buyer. Or in some less served industries, software at all to serve certain functions.
Go out and talk to 30+ Target Buyers and ask what their biggest problem is. Ask them if they would pay $5k a month to solve it. See if 1 will agree in writing.
Then go build that.
Far more enterprise-focused SaaS start-ups have started with a variant of this to get off the ground than you might think.
Here’s one example, Veeva, now worth $15 billion:
When I was a VP in a Fortune 500 tech company, I had a $500k budget to solve the problems in my business unit. I could use say $50k of that to solve a big gap in my tech stack. If that was you.
Option 2: Build a lot of slick stuff for SMBs, see what sticks.
This is riskier in some ways, because unlike the Hustle strategy, the initial go-to-market is murkier. But the general idea here is you build something you think the market wants. You build as many features as you can. And you try to convince people to try it. Usually free or freemium style.
This can work. But if often takes longer to get to first material revenues. It took the Mailchimp founders 2+ years of this before they quit their day jobs. It took the Notion founder years of iteration before it became the Notion we love today at an $800m valuation.
It’s risky because you don’t know what will stick, and what people really will value enough to pay for. It may take you 2 years to get to any material revenue, even if your product is awesome.
But if you can stick it out, figure out a way to get PR and attention, and ship a lot of software, this approach can get a product off the ground, too.
When it comes to startups, the software-as-a-service (SaaS) model has become an increasingly attractive option for many companies. This cloud computing approach enables efficient development, deployment and maintenance of applications without sacrificing quality or scalability.
Compared to other types of startups, SaaS businesses have some distinct advantages:
1. Low Cost: One of the most appealing features of using a SaaS model is that initial hardware costs are often much lower than traditional software solutions due to a shift in infrastructure management away from client hardware onto the cl
When it comes to startups, the software-as-a-service (SaaS) model has become an increasingly attractive option for many companies. This cloud computing approach enables efficient development, deployment and maintenance of applications without sacrificing quality or scalability.
Compared to other types of startups, SaaS businesses have some distinct advantages:
1. Low Cost: One of the most appealing features of using a SaaS model is that initial hardware costs are often much lower than traditional software solutions due to a shift in infrastructure management away from client hardware onto the cloud system itself. This can translate into considerable savings over time as well as reduced complexity in operations and management responsibilities.
2. Accessibility: With SaaS solutions, users will be able to access their data instantaneously and securely through any internet enabled device with no additional install requirements or upgrades needed on their end – which can be especially convenient for remote teams spread across multiple locations who need easy access to information but don’t want heavy investments involved in doing so.
3. Flexibility & Scalability: As compared with fixed software installations on each machine (such as ERP), SaaS-based models can easily scale up or down depending on your needs at any given point in time – making them highly adaptable for small and large businesses alike who may not necessarily require full resources every single day and instead simply draw upon available capacity if/when necessary over peak periods such as festive seasons etcetera.. Additionally since all of your data is stored remotely accessing files from different platforms becomes incredibly easy allowing you collaborate much more effectively even when working with geographically dispersed teams!
4 Improved Security & Reliability: By entrusting the responsibility of managing security measures like anti virus protection firewalls etcetera onto a trusted third party vendor one can rest assured knowing that they would benefit significantly from increased levels of safety along with having access to regular backups that could come in handy during times when data restoration might be required due to technical glitches or natural disasters respectively.. Last but not least unlike physical storage media like hard drives laptops smartphones etcetera; online storage services usually offer strong encryption protocols paired within by way periodic updates & patches continuously released thus helping ensure maximum safety at all points!
Overall; using a Saas based solution substantially reduces cost & complexity while offering improved accessibility flexibility scalability security reliability - making them quintessential tools for modern enterprises seeking an edge over its competitors!
Here are a couple clues:
- They have real, paying customers outside of the direct network of the founding team. If they don’t yet have that, then…
- They have a product that is reasonably unique in the market and it clearly solves a pain that exists in a fairly broad market. Identify what that pain is, quantify that pain, and figure out if this SaaS solution effectively solves it.
- They have an experienced management team with a good vision and a very good handle on their financing and run/burn rate.
If we could predict all the ones that will take off we wouldn’t be here on Quora trying to figure thing
Here are a couple clues:
- They have real, paying customers outside of the direct network of the founding team. If they don’t yet have that, then…
- They have a product that is reasonably unique in the market and it clearly solves a pain that exists in a fairly broad market. Identify what that pain is, quantify that pain, and figure out if this SaaS solution effectively solves it.
- They have an experienced management team with a good vision and a very good handle on their financing and run/burn rate.
If we could predict all the ones that will take off we wouldn’t be here on Quora trying to figure things out.
Good luck out there!
Ryan Walsh - CEO, RepVue
The most common characteristic is that they just don’t give up.
Sometimes success comes quickly due to innovation or luck.
But often success comes over a long period of time with a lot of ups and downs along the way.
Common cause of failure: giving up.
Of startups that yielded a negative return for the investors, the most common reason the companies did poorly is that the founders and/or management team just gave up (or got tired).
Most businesses have a path to success if the employees and founders just keep going (and make hard choices along the way). By “success” I don’t mean that they will beco
The most common characteristic is that they just don’t give up.
Sometimes success comes quickly due to innovation or luck.
But often success comes over a long period of time with a lot of ups and downs along the way.
Common cause of failure: giving up.
Of startups that yielded a negative return for the investors, the most common reason the companies did poorly is that the founders and/or management team just gave up (or got tired).
Most businesses have a path to success if the employees and founders just keep going (and make hard choices along the way). By “success” I don’t mean that they will become Google. Here “success” means that they make a good product and make the shareholders some decent wealth.
When you hear that a start-up “ran out of money” it generally means that the management did not make hard choices. Companies usually do not just run out of money tomorrow. It is usually clear that they will run out of money long before they do. Founders that will never give up and will fight to the very end make tough choices along the way to make sure their company can stand the test of time.
A pivotal factor that underlines the triumph of B2B SaaS companies is the precision in prospect identification. HuntMeLeads empowers businesses to effortlessly delve into a vast reservoir of potential leads, armed with filters to pinpoint those that perfectly fit their ideal customer archetype. This strategic approach not only conserves valuable time and resources but also sharpens the focus on leads with the highest likelihood of conversion.
Equally vital is the agility to adapt to ever-shifting market dynamics and evolving customer needs. Businesses acquire real-time information on the firms
A pivotal factor that underlines the triumph of B2B SaaS companies is the precision in prospect identification. HuntMeLeads empowers businesses to effortlessly delve into a vast reservoir of potential leads, armed with filters to pinpoint those that perfectly fit their ideal customer archetype. This strategic approach not only conserves valuable time and resources but also sharpens the focus on leads with the highest likelihood of conversion.
Equally vital is the agility to adapt to ever-shifting market dynamics and evolving customer needs. Businesses acquire real-time information on the firms and decision-makers in their sights. This vital resource guarantees that companies stay current with industry changes, allowing for quick modifications to sales and marketing tactics.
When it comes to SaaS companies, there are a few that stand out from the rest. These companies have found success by delivering great products and services, and they continue to grow at a rapid pace. Here are some of the most successful SaaS companies out there today.
1) Salesforce: Salesforce is one of the biggest players in the SaaS market, and it continues to grow at a rapid pace. The company has been around for more than 15 years, and it has helped businesses of all sizes improve their sales processes. Salesforce is a leader in cloud-based CRM software, and its products are used by millions
When it comes to SaaS companies, there are a few that stand out from the rest. These companies have found success by delivering great products and services, and they continue to grow at a rapid pace. Here are some of the most successful SaaS companies out there today.
1) Salesforce: Salesforce is one of the biggest players in the SaaS market, and it continues to grow at a rapid pace. The company has been around for more than 15 years, and it has helped businesses of all sizes improve their sales processes. Salesforce is a leader in cloud-based CRM software, and its products are used by millions of people worldwide.
2) Microsoft: Microsoft is another major player in the SaaS market. The company's Office 365 software is one of the most popular productivity suites in the world, and it has helped Microsoft increase its revenue by adding millions of users to its cloud-based ecosystem.
3) SAP: SAP is another leader in business-oriented software and services, and it has a tremendous amount of experience serving businesses across all industries. The company also specializes in big data analytics through its HANA platform. Like Salesforce, SAP is focused on delivering great products to help businesses grow and thrive.
4) Adobe: Adobe hit a rough patch several years ago when it decided to abandon boxed software for subscriptions that many people did not want or need. However, the company has turned things around with Creative Cloud, its suite of cloud-based tools for creatives. Adobe has also seen success with its marketing and sales software.
5) Oracle: Oracle is a well-established player in the enterprise software market, and it offers a wide range of products and services to help businesses run more efficiently. The company's cloud-based offerings are growing rapidly, and it has been investing heavily in artificial intelligence and machine learning to stay ahead of the curve.
6) Workday: Workday is a relative newcomer to the SaaS market, but it has quickly become one of the leading providers of cloud-based HR and finance software. The company's products are used by thousands of businesses worldwide, and it continues to grow at a rapid pace.
7) Zendesk: Zendesk specializes in customer service software, and it has become a leader in this market thanks to its robust products and talented team. According to the company's website, more than 80,000 businesses are using Zendesk to improve their customer experiences.
8) SuccessFactors: SuccessFactors is another major player in the SaaS HR market, and it has helped countless companies automate many of their sales, marketing and HR processes. The company played an important role at SAP before being acquired by that company several years ago. Today, SuccessFactors continues to operate as an independent subsidiary of SAP.
9) Highfive: Highfive was founded on the idea that video conferencing should be easy and accessible for everyone. The company's products are simple to use and affordable, and they have been a hit with businesses of all sizes. Highfive has seen rapid growth in recent years, and it is now used by millions of people around the world.
10) Box: Box is one of the most well-known cloud storage providers, and it has become a leading player in the enterprise market. The company's products are used by businesses of all sizes to store and share files securely online. Box is also expanding into other areas such as collaboration and content management.
I have using ai tools from 6 months. I have used different prompts to get desired results. Here are the some of the best saas companies tools.
1. MyGPT: MyGPT provides access to a GPT-based language model. It offers a user-friendly interface and allows you to leverage the power of chatbot functionalities and conversational AI. You've found it particularly useful for using ChatGPT Premium for free, enabling you to have more advanced interactions and obtain high-quality responses.
2. AutoGPT: AutoGPT is an AI-powered tool from Thesamurai that has proven helpful for coding, Python, and advanced usa
I have using ai tools from 6 months. I have used different prompts to get desired results. Here are the some of the best saas companies tools.
1. MyGPT: MyGPT provides access to a GPT-based language model. It offers a user-friendly interface and allows you to leverage the power of chatbot functionalities and conversational AI. You've found it particularly useful for using ChatGPT Premium for free, enabling you to have more advanced interactions and obtain high-quality responses.
2. AutoGPT: AutoGPT is an AI-powered tool from Thesamurai that has proven helpful for coding, Python, and advanced usage of ChatGPT. It assists with generating code snippets, providing coding suggestions, and aiding in complex problem-solving scenarios. Let's say you were working on a Python project, and AutoGPT helped you generate optimized code for a specific task, reducing the development time and effort.
3. EmbedAI : EmbedAI offers embedding services for natural language understanding. It facilitates the extraction of useful information and representations from various sources like questions, documents, YouTube videos, and PDFs. For instance, you utilized EmbedAI to analyze a technical document, extract key concepts and summarize them in a concise manner, enabling a better understanding of the content.
4 Salesforce: Salesforce is one of the pioneers of cloud-based CRM (Customer Relationship Management) software. It provides a comprehensive suite of sales, marketing, and customer service tools that help businesses manage their customer interactions effectively.
5 Slack: Slack revolutionized team communication and collaboration with its cloud-based messaging platform. It offers real-time messaging, file sharing, and integrations with various productivity tools, streamlining communication within organizations.
6 Zoom: Zoom is a leading video conferencing and online meeting platform that gained immense popularity, especially during the COVID-19 pandemic. It offers reliable video and audio communication, screen sharing, and collaboration features for remote teams and individuals.
7 Dropbox: Dropbox is a widely-used file hosting and cloud storage service. It allows users to store and share files seamlessly across devices, providing easy access to documents, images, and other digital assets.
8 HubSpot: HubSpot provides an all-in-one inbound marketing and sales platform. It offers tools for content creation, lead generation, customer relationship management, and analytics, helping businesses attract, engage, and convert customers.
These tools have provided you with practical benefits and improved user experiences. MyGPT's user-friendly interface allowed you to access ChatGPT Premium for free, AutoGPT assisted in coding and advanced ChatGPT usage, and EmbedAI helped extract valuable information from diverse sources.
It's important to note that these examples showcase the usefulness of specific tools and their unique functionalities in enhancing productivity, solving problems, and gaining better insights. As SaaS tools continue to evolve, the potential for innovative applications and improved user interfaces becomes even more promising.
To Be a Successful Entrepreneur
There are many things, but these four are always very important:
- Follow the Golden Rule. Provide value. Solve real problems. Treat your customers as you would like to be treated as a customer. Be fair to your co-founders. Treat you investors as you would like to be treated as an investor. Maximize their return on investment. Be frugal. Be efficient. Work hard. Treat your suppliers as you would like to be treated as a supplier. Negotiate deals that benefit both parties.
- Patience is essential. Take the time needed to get it right, whatever "it" might be.
To Be a Successful Entrepreneur
There are many things, but these four are always very important:
- Follow the Golden Rule. Provide value. Solve real problems. Treat your customers as you would like to be treated as a customer. Be fair to your co-founders. Treat you investors as you would like to be treated as an investor. Maximize their return on investment. Be frugal. Be efficient. Work hard. Treat your suppliers as you would like to be treated as a supplier. Negotiate deals that benefit both parties.
- Patience is essential. Take the time needed to get it right, whatever "it" might be. Test your product very carefully before release. You don't have to be the first. It is more important to be the best (which is part of rule 1).
- Perseverance is absolutely essential. Things will go wrong. There will be set backs. You must keep going. Have a vision and keep following it no matter what.
- Get positive cash flow as early as possible and maintain it. Revenue is even more valuable than raising investment funds, especially recurring revenue. Keep expenses as low as possible. Make sure that investments in development and market growth pay back a very high ROI.
Create as long a runway as possible. This is not a separate rule because it is achieved by following rules 2 through 4. If possible generate enough sustainable revenue to be self-sufficient even without outside funding. That gives you an essentially infinite runway.
Whatever happens, stay inspired by your vision. That helps you maintain rules 2 and 4.
Make rules 1 and 4 work together with synergy. Consider every relationship to be a positive-sum cooperative situation (in the sense of Theory of Games and Economic Behavior: John von Neumann, Oskar Morgenstern ). That is also implied by the Golden Rule.
In short: Just do it. Then keep going.
Thank you for the A2A.
According to a recent study on the characteristics of startup entrepreneurs, 75% of them worked for someone else for more than 6 years before starting their own business. Furthermore, over 95 percent have a college degree, despite the fact that Zuckerberg and Gates famously dropped out of Harvard. One thing is certain: startup entrepreneurs work long hours, putting in an average of 66 hours per week compared to 47 hours for typical workers.
Let's take the statistics a step further and look at the underlying characteristics of successful startup entrepreneurs. We'll go over ten of the most impor
According to a recent study on the characteristics of startup entrepreneurs, 75% of them worked for someone else for more than 6 years before starting their own business. Furthermore, over 95 percent have a college degree, despite the fact that Zuckerberg and Gates famously dropped out of Harvard. One thing is certain: startup entrepreneurs work long hours, putting in an average of 66 hours per week compared to 47 hours for typical workers.
Let's take the statistics a step further and look at the underlying characteristics of successful startup entrepreneurs. We'll go over ten of the most important characteristics and how to apply them to your own business.
1 – They have Creativity as a Driving Force.
The journey of an entrepreneur begins with an idea. Sometimes it's just a seed of an idea. Being creative generates good ideas. And almost every successful entrepreneur has one thing in common: the ability to think creatively.
When you think creatively, you look at problems, behaviors, and events in novel ways. Entrepreneurs with this skill are able to see things from a variety of perspectives. They don't usually take ideas at face value. In other words, they do not assume something is one way simply because it is the only way. Because of this, successful entrepreneurs can see opportunities that others do not – they find the path that is not obvious.
Every day, new startups are launched, but the majority of them fail. This is primarily due to a lack of creative thinking, which startup entrepreneurs use to create opportunities from seemingly innocuous situations.
They have the vision to recognize a problem and find viable solutions to eliminate it. Consider the many creative entrepreneurs, such as Steve Jobs and Bill Gates, who challenged the status quo. Entrepreneurs with a sense of curiosity can not only come up with creative ideas but also change how we interact with the world around us.
2 – They are Fuelled by Passion.
Everyone has a passion for something. That is one of the most admirable qualities of human beings. Some people, however, are more passionate than others, and startup entrepreneurs have the unique passion and energy required to start a company from the ground up and find a path to success.
Many startups are founded by someone who is passionate about the topic on which the company focuses. This approach gives entrepreneurs an advantage because it allows them to understand their customers and come up with viable solutions. After all, when you're building a product for yourself, you're more likely to get it right.
Furthermore, passionate entrepreneurs enjoy "figuring things out." The road to success is never smooth. To navigate the ups and downs of startup life, you must be determined. The seemingly unwavering passion of startup entrepreneurs is the key to navigating difficult times.
But don't worry if you haven't found your true calling yet. Begin by concentrating on your areas of interest. In these categories, be curious about the products, solutions, and people. If you keep an open mind, you'll soon discover that there are plenty of opportunities.
So, if you want to start a business, focus on your interests and keep the following suggestions in mind:
Problems can be found in the "why" people do what they do, so monitor user behavior.
Problems are only worth solving if they are meaningful to people; therefore, seek out the most impactful issues for people.
Remember that passion has two meanings: you can be passionate about specific interests or you can have a passion that drives you to achieve a goal. Entrepreneurs who are successful have both.
3 – They’re Seemingly Fearless.
“The biggest risk is not taking any risk. In a world that’s changing really quickly, the only strategy that is guaranteed to fail is not taking risks.” – Mark Zuckerberg
We assume that entrepreneurs like Mark Zuckerberg and Brian Chesky, the founder of Airbnb, are fearless. The truth may astound you. Successful entrepreneurs are not fearless; rather, they do not allow fear to prevent them from taking risks. And entrepreneurship is not without its risks and challenges.
Great entrepreneurs cultivate a mindset that allows them to take risks even when the outcomes are uncertain. They welcome uncertainty because they know that the outcome, good or bad, will teach them something valuable. And they learn as a result of it.
Building a startup is all about weighing the risks and rewards and making the best decision possible to minimize negative outcomes. Consider a common startup dilemma: should you raise easy money from an inexperienced investor or should you push for the strategic one? Successful entrepreneurs weigh the benefits and drawbacks of each approach in order to reduce risk and make the best decision for their company.
Another difficult decision that founders face is deciding on a marketing strategy. There are numerous marketing options available, but there is almost always a limited budget. In the face of this decision, successful entrepreneurs aren't without trepidation – paid advertising vs. SEO, content marketing vs. partnerships, social media vs. mass market – the list goes on. They weigh options and risks, make a decision, and never second-guess themselves. That's bravery and self-assurance, not fearlessness.
So, instead of being afraid of it, embrace it, make the best decision you can, and just go.
4 – Adaptable to Changes and Challenges.
Nothing is certain, which is something every entrepreneur must accept. Successful entrepreneurs understand this and are capable of adapting to market changes and business challenges. They never rest on their laurels – a startup dubbed revolutionary today may become obsolete in a matter of years.
Although a good entrepreneur is always on the lookout for potential problems, it is not always possible to predict the future. Entrepreneurs who are successful are ready for change at any time. As a result, when unexpected challenges arise, they are ready to shift strategy or pivot product features to meet any challenge.
Being adaptable also entails remaining calm. When you're running around like a chicken with its head cut off, it's nearly impossible to navigate turbulent startup situations. The most successful startup entrepreneurs know when to take a break, take a deep breath, and refocus their efforts on adapting to change.
Adaptability does not only apply to unexpected market challenges or changes. The most successful entrepreneurs have adaptable skill sets. Entrepreneurs who can perform a variety of roles or job functions have a significant advantage. You might decide to concentrate on digital marketing strategies one day. Another day, you could be working on improving the customer service experience. Another is working on financial modeling. The more skills you have as an entrepreneur, the more you can accomplish without the need for additional resources or expenses.
5 – Focused on the Goal.
An idea is simply that: an idea. Ideas do not become successful businesses on their own; they require the entrepreneur's hard work and execution. Successful entrepreneurs understand that execution begins with setting goals and breaking them down into manageable milestones. This is the foundation that allows entrepreneurs to avoid getting caught up in the details and instead focus on the big picture.
Following these steps can assist you in becoming more "goal-oriented":
Create short-term and long-term goals for your startup.
Set measurable checkpoints as you move forward with your venture.
Use tools like Notion or Asana to keep track of everything.
Use data analysis tools to track progress, optimize, and make changes as needed.
According to a recent IBM report, performance data can significantly improve business performance, resulting in a 12x increase in revenue. Data visualization can tell a comprehensive story in a way that spreadsheets simply cannot.
So, connect your objectives to data-driven milestones and optimize along the way!
6 – They’re Persuasive.
Any business professional will tell you that effective communication, both written and verbal, is critical. This requirement is even more important for entrepreneurs. As a startup founder, you'll most likely interact with a wide range of people, from investors to department heads, customers to marketing agencies, and everything in between. You'll be stuck lickity split if you can't effectively communicate your ideas.
Some of the most successful entrepreneurs have nearly mastered the art of persuasion. Consider Steve Jobs. On more than one occasion, he had the monumental task of persuading consumers that they required something they had never imagined – for example, a mini-computer in the palm of their hand.
It will be your responsibility as a startup founder to enlist others in your vision.
Despite the fact that they regularly invest in startups of this type, investors are often among the most skeptical of big vision ideas. However, even consumers can have difficulty adopting new technologies or changing their behavior. The ability to persuade others to see what you see is a critical leadership quality you'll need to succeed.
7 – They Have Empathy
Building a business is listening as well as a communication exercise. When it comes to business, good entrepreneurs know when to speak and when to listen. And, in particular, startup entrepreneurs can be compassionate to those around them. They listen to different points of view from coworkers and customers before making informed decisions that make people feel empowered.
Entrepreneurs who are compassionate are more effective because they:
Before making final decisions, consider input from a variety of sources.
Can recognize and quickly learn from their own mistakes
Encourage teams to collaborate at a high level even in high-stress situations.
Create a communication culture so that people know they are making a difference.
Being empathetic entails more than simply listening to your employees. Customers, investors, partners, suppliers, and any other group with whom a company must interact are all affected by empathy. Furthermore, empathy is not achieved in a vacuum. Successful startup entrepreneurs understand how to collaborate and work with others. And when you're genuinely interested in hearing what others have to say, you're giving yourself a better chance to improve and grow.
8 – They Take Action & Make Decisions
An entrepreneur must make difficult decisions on a regular basis. As the startup's leader, you must accept input from wherever it comes, but you must also be decisive and take action.
The majority of startup founders will tell you that doing nothing is worse than doing the wrong thing. Amazon founder Jeff Bezos wrote in a shareholder letter in 2016 that "most decisions should probably be made with somewhere around 70% of the information you wish you had." In most cases, if you wait for 90%, you're probably being slow."
Bezos makes an important point about decision-making by stating that the majority of decisions are not permanent. He'd rather make a decision quickly and with some certainty than slowly and with absolute certainty – which is, of course, impossible.
Many entrepreneurs' Achilles heel is procrastination. To keep the company moving forward, you must be decisive and action-oriented. Even if you make a mistake now and then, you'll almost always be better off having moved faster – you can almost always go back and course correct.
9 – They’re Resilient.
According to FastCompany, 75% of all startups fail. This statistic is not meant to discourage you from starting a business. You're an entrepreneur, and you're in the business of starting businesses. The point is that starting a business is much easier than building a successful one. Be prepared to face any outcome that may arise during the course of the entrepreneur's journey. You should be able to accept failure as an entrepreneur. Resilience enables you to face failure with courage and overcome obstacles.
Almost every entrepreneur has failed more than they have succeeded. Most people will tell you that success teaches us very little and that it is failure that allows us to learn. Don't let your fear of failure prevent you from succeeding. Instead, consider fear as a motivator rather than a deterrent.
10 – They’re Self-Motivated.
Being an entrepreneur can be isolating, especially when you're launching a new venture. There will be times when things simply do not go your way. Self-motivation is a skill that successful entrepreneurs possess. They're passionate, and they have an inner fire that won't let them give up or settle for mediocrity.
However, passion can only take you so far. There will always be situations that appear to be insurmountable or overwhelming. Great entrepreneurs keep pushing themselves in these moments.
You won't always be able to count on your team, co-founders, or investors to "pump you up." You'll have to find the motivation within yourself. Making small and measurable goals for your startup is one of the simplest ways to stay motivated. Make sure you're there to celebrate when these objectives are met.
1- Cost-effective.
And that doesn't mean it should be simply cheap. But the cost should not be too variable. If you double your production you don't double your cost it should reduce. No random expenses left and right.
2- Can generate sustainable growth.
In other words if you advertisement cost double, your sales should at least double. If you advertise 2 years in a row same budget you should get same or more sales.
3- Can generate resales and retain customers base.
If you don't retain customers to buy back from you again, you are just a fad. Not sustainable.
4- Scalability.
If you copy-paste your bu
1- Cost-effective.
And that doesn't mean it should be simply cheap. But the cost should not be too variable. If you double your production you don't double your cost it should reduce. No random expenses left and right.
2- Can generate sustainable growth.
In other words if you advertisement cost double, your sales should at least double. If you advertise 2 years in a row same budget you should get same or more sales.
3- Can generate resales and retain customers base.
If you don't retain customers to buy back from you again, you are just a fad. Not sustainable.
4- Scalability.
If you copy-paste your business anywhere with minor changes, it should work just fine. It should be easy to replicate too. Think like a virus.
5- Success factors that distinguish you from others.
If you have nothing unique about your business, one you wont retain business cause no loyalty. Two everyone will be able to copy you and you will always be in price war lowering it too low unitil someone bigger kick you out of market. Think of all those dropshitters on Amazon no one remember who they buy what from who in there, people remember they bought it from Amazon. Be memorable give people a reason to remember you when they want to buy stuff. Why your product is better than others.
That's all to it.
P.S: upvote, share and visit profile if you like.
Successful startups share a set of defining characteristics that pave the way for their triumph.
First and foremost, resilience is key.
Adapting swiftly to challenges and learning from setbacks distinguishes thriving startups. Visionary leadership and a laser-focused mission guide their every move, inspiring teams and attracting investors.
Another hallmark is agility—nimble startups adeptly navigate market shifts and swiftly capitalize on emerging trends. Customer-centricity is non-negotiable; understanding and meeting client needs drive sustained success.
Successful startups foster a culture of i
Successful startups share a set of defining characteristics that pave the way for their triumph.
First and foremost, resilience is key.
Adapting swiftly to challenges and learning from setbacks distinguishes thriving startups. Visionary leadership and a laser-focused mission guide their every move, inspiring teams and attracting investors.
Another hallmark is agility—nimble startups adeptly navigate market shifts and swiftly capitalize on emerging trends. Customer-centricity is non-negotiable; understanding and meeting client needs drive sustained success.
Successful startups foster a culture of innovation, embracing change as a constant.
Moreover, financial prudence and strategic scalability distinguish winners. They leverage technology for efficiency and wield data for informed decision-making.
Lastly, building a robust network and fostering collaborations amplify a startup's reach.
In essence, a winning startup blends tenacity, adaptability, innovation, and strategic acumen to not only survive but thrive in the dynamic business ecosystem. 🌐
There are 15,000 SaaS companies across the Globe. The SaaS industry is expected to reach $157 billion by the end of 2022. Some of the pioneers in SaaS are:
- Hubspot
- MailChimp
- Zapier
- Salesforce
- Intercom
- Freshdesk
- Zoho
- Jira
- Slack
- Gsuite
- Adobe suite
- Canva
- Animaker
- Typeform, etc.
building a successful business takes time and patience and it's only fair to wonder if your business will be successful as the path is not always clear. Here are few signs that your company is going to be successful.
- the most obvious one is that your company is making lots of profits and not just arrests the attention of venture capitalists.
- Clients find you, People you do not know and never contacted you are now buying from your company.
- You Have Lots Of Customers Using Your Service On A Regular Basis.
- There are no other companies out there who can provide saas platform or app with features that
building a successful business takes time and patience and it's only fair to wonder if your business will be successful as the path is not always clear. Here are few signs that your company is going to be successful.
- the most obvious one is that your company is making lots of profits and not just arrests the attention of venture capitalists.
- Clients find you, People you do not know and never contacted you are now buying from your company.
- You Have Lots Of Customers Using Your Service On A Regular Basis.
- There are no other companies out there who can provide saas platform or app with features that users want.
- Your Company Has A Unique Value Proposition, Your unique value proposition is basically what sets your company apart from all the others who provide similar services. Why would anyone choose your company over another? What do you provide that other companies can't?
- You know why you stand out from all the companies providing similar services, make sure you know why yours stands out from all the others.
- Your company has a clear vision and mission. It sounds easy enough but surprisingly, many businesses neglect this part. You need to make sure that the people who are working for you share your passion and vision.
- Your employees feel like they're part of something bigger than just moving from day-to-day tasks. Your Employees Are Something More Than Mere Staff Member.
- Last but not the least…..
AND
Jason and Travis nailed this question perfectly from the dimension of business and product metrics. As Jason said, the primary drivers of business success will be the renewal / leadgen rate. As Travis describes, product metrics will be continued and consistent use which is a strong proxy for likelihood to renew.
So how do you create a SaaS business that fulfills those requirements? Here is my checklist:
- Solve a real problem people have, in a way that their economic value proposition is overwhelmingly positive. You should be able to clearly model this out on a spreadsheet - e.g. pro-forma with an
Jason and Travis nailed this question perfectly from the dimension of business and product metrics. As Jason said, the primary drivers of business success will be the renewal / leadgen rate. As Travis describes, product metrics will be continued and consistent use which is a strong proxy for likelihood to renew.
So how do you create a SaaS business that fulfills those requirements? Here is my checklist:
- Solve a real problem people have, in a way that their economic value proposition is overwhelmingly positive. You should be able to clearly model this out on a spreadsheet - e.g. pro-forma with and without you. That means you should fully understand your customer’s alternatives and how much they cost (e.g. if they were to roll their own, what would it cost them? Who else provides a similar service?)
- If you have competitors, you’d better have a razor sharp differentiation strategy otherwise you will become toast.
- Make sure that at scale your cost to serve is lower than revenue. Ok to charge less than COGS but you better be sure that you aren’t a flash in the pan. Introductory pricing has to do the job of converting. Check for this constantly. If it doesn’t, adapt your business model to fit.
- Have a disciplined way to grow with your customers so that as their volume and needs change they don’t swap you out. This is honestly the most difficult thing if you want to create durability. This means you have to deeply understand the stages of maturity that your customer underogoes and have a strong targeting and service delivery framework. You either have to decide to grow with your customers, or that that there are enough customers at X stage of maturity that the turnover is acceptable.
- Fit as seemlessly into your customers business as you can. Installs need to be painless, and value returned should ideally be immediate.
Good luck!
A successful business dominate a niche.
They are the world number one in what they do.
Baby diaper, pain killers, sports bikes, portable camera, whatever.
A successful business has a strong product, a loyal base of customers, and a great store front. It takes years to build. It controls the cost and quality of production.
A successful business dominate a niche.
They are the world number one in what they do.
Baby diaper, pain killers, sports bikes, portable camera, whatever.
A successful business has a strong product, a loyal base of customers, and a great store front. It takes years to build. It controls the cost and quality of production.
A great SaaS product goes beyond just being functional; it needs to be truly valuable and impactful for its users. Here are the key characteristics that make a SaaS product stand out:
1. Solves a Real Problem:
• Clearly Defined Pain Point: The product addresses a specific, significant problem that users are actively looking to solve.
• Targeted Audience: It's designed for a specific target audience with clearly defined needs and challenges.
• Value Proposition: The product's value proposition is clear, concise, and resonates with the target audience.
2. User-Friendly and Intuitive:
• Simple Onboar
A great SaaS product goes beyond just being functional; it needs to be truly valuable and impactful for its users. Here are the key characteristics that make a SaaS product stand out:
1. Solves a Real Problem:
• Clearly Defined Pain Point: The product addresses a specific, significant problem that users are actively looking to solve.
• Targeted Audience: It's designed for a specific target audience with clearly defined needs and challenges.
• Value Proposition: The product's value proposition is clear, concise, and resonates with the target audience.
2. User-Friendly and Intuitive:
• Simple Onboarding: The onboarding process is smooth and intuitive, allowing users to quickly learn the basics and start using the product effectively.
• Easy Navigation: The user interface is well-organized, easy to navigate, and visually appealing.
• Intuitive Features: Features are designed to be intuitive and easy to understand, requiring minimal training or support.
3. Robust and Reliable:
• Scalable Infrastructure: The product's architecture is built to handle growing user traffic and data volumes.
• High Uptime: The product is available and reliable, with minimal downtime or performance issues.
• Secure Data Handling: Data security is a top priority, with measures in place to protect user information and prevent breaches.
4. Continuously Improved and Updated:
• Agile Development: The product development process is agile, allowing for rapid iteration and adaptation based on user feedback.
• Regular Updates: New features and improvements are released regularly to address user needs and stay ahead of the competition.
• Customer Feedback Integration: Customer feedback is actively collected and used to inform product development and roadmap decisions.
5. Value-Driven Pricing:
• Transparent Pricing: Pricing plans are clearly explained and easy to understand.
• Flexible Options: Multiple pricing tiers are offered to cater to different user needs and budgets.
• Strong Value Proposition: Pricing aligns with the value the product delivers, providing a fair exchange for users.
6. Excellent Customer Support:
• Responsive and Helpful: Customer support is available and responsive, providing timely and helpful assistance to users.
• Multiple Channels: Support is offered through various channels, such as email, live chat, phone, and knowledge base articles.
• Proactive Communication: Users are proactively notified about updates, maintenance, and potential issues.
7. Integrated Ecosystem:
• Seamless Integrations: The product integrates seamlessly with other popular tools and applications, enhancing its functionality and usability.
• Open API: An open API allows developers to build custom integrations and extend the product's capabilities.
• Interoperability: The product works well with other software and services, creating a cohesive and streamlined experience for users.
8. Strong Brand Identity:
• Clear Messaging: The product has a clear brand message and story that resonates with its target audience.
• Consistent Branding: Branding is consistent across all touchpoints, from the website and marketing materials to the product itself.
• Engaging Content: The product's website, blog, and social media channels provide valuable and engaging content for users.
By focusing on these characteristics, SaaS businesses can build products that truly delight their customers, drive engagement, and achieve long-term success.
Everybody has a stake in the tech sector today.
Consider the ex- Steelcase CEO and the current Ford Director Jim Hackett for example. In a speech to the Detroit business audience on the 1st of November, Hackett laid out his plans for Ford using terms such as "computing", "data" and "artificial intelligence".
The essence of the discussion was that he talked about Ford employing technology to transform its approach to its business. We're used to hearing automakers use technical terms. The use of technical terms differ from usual terms like horsepower, fuel efficiency, and safety of passengers.
and
Everybody has a stake in the tech sector today.
Consider the ex- Steelcase CEO and the current Ford Director Jim Hackett for example. In a speech to the Detroit business audience on the 1st of November, Hackett laid out his plans for Ford using terms such as "computing", "data" and "artificial intelligence".
The essence of the discussion was that he talked about Ford employing technology to transform its approach to its business. We're used to hearing automakers use technical terms. The use of technical terms differ from usual terms like horsepower, fuel efficiency, and safety of passengers.
and Hackett is not the only one. Businesses across the globe are pondering ways to incorporate the latest technologies into a business plan. Anyone who is able to accomplish this quickly are becoming part of the expanding. The people who are successful in the digital world are known as "digitally mature".
Most people don't comprehend the benefits that technology has the potential to provide. Actually, achieving the standards of digital maturation will require companies to implement innovative and completely different ways. Utilizing digital marketing isn't just a method that produces buy technology. However, it doesn't mean that it won't result in the growth of its application and its impact on the business. To be able to effectively adapting to the constantly changing market, it is necessary to conduct a thorough study of the various strategies that as it transpires, aren't that innovative in any way.
improving the user experience while determining efficiency in operations and helping to develop an entirely innovative business structure are among the primary motives behind digital-related initiatives.
The most successful businesses in the digital space concentrate on their clients. Businesses that recognize the importance of addressing customers requirements and helping customers interact with their customers are the ones who are successful in the realm of digital. We've discussed Ford in the past however let's now take an in-depth look at another Michigan-based business, Domino's, which recently beat Pizza Hut as the world's largest pizza chain using this method of working.
The digital strategy should align with the bigger company's strategies
The most efficient strategies concentrate on the main capabilities and objectives of the company using the lens of technology. If your company's primary goal is online sales and direct selling, then the development on an internet-based platform that facilitates direct sales could prove beneficial. The key performance indicators (KPIs) are an excellent way to connect the digital transformation process to the larger demands of business. A good example is to calculate the percentage of sales made online within the KPI and then track the growth before and after the launch. This is an indicator of an outcome that is aligned with the business's primary goal.
Plan and Vision These are both long-term plans and are long-term and
Teams who are trying to improve their business model are aware that this process will require significant adjustments as well as a revamp of the structure. Think about what capabilities your company be able to achieve in the coming five or Ten years? What will you do to manage this transition in the longer term? How can you prepare and plan without committing too much to the future only to end up being pulled along by the shifting habits of customers?
The word "leadership" has been recognized as a catalyst for transformation that has assumed the tasks of grassroots groups
The teams that are in their process of maturing generally are experiencing a digital revolution that is more grassroots , with those who are advocates or advocates. Without strong leadership and the backing of a digital strategy however , the enthusiasm and enthusiasm can be difficult to sustain over the long-term. The executives who are successful are aware of the next stage of their company is and have put in the money and resources to get it done. This could be the reason for the creation of new jobs that are focused on digital and the hiring of executive leaders who are technologically adept to ensure that the company's overall strategy is aligned with the strategy for digital.
HTML0 Digital initiatives and the advancement of new technologies have accelerated and created the need for tough decisions
The process of securing financial support to digital initiatives is likely to need to be more than less (or the exact same). Without significant expenditure increases to operating budgets, adopting a plan for digital might necessitate difficult compromises with various departments within the organization. By using KPI definitions and assessing the effects of digital initiatives, but teams will begin to build their argument to boost their budgets or requests for more funding.
The corporate culture is set and promotes the idea of taking risks, experimenting as well as taking chances.
Though a plan is essential however, it's the company's culture and the leaders who ultimately be the most crucial aspect in adhering to the strategy. Digital teams that are well-established create an environment that is deliberate and allows employees to fail to learn from mistakes later repeat the process. If these experiments are well-planned and encouraged, they will be pilot programs that can be swiftly scaled across the entire business and ultimately become successful enterprisewide program.
HTML0 Restructuring fosters collaboration and assists in the formation of teams that have cross-functional capabilities.
As business models become more complex when structures are adapted to the evolving digital market for jobs Businesses must be cognizant of the idea to create divisions that make managing of the business more efficient. This could harm the growth of. Digital accountability needs to be integrated into every team throughout the whole process. In addition to promoting ethical digital behavior, companies are beginning to realize the benefits of cooperative teams and workplaces. The development of teams with cross-functional capabilities , which combine marketing and technology will drastically enhance the process of production and speed of entry into the marketplace for products made of digital that are ingenuous.
The company is a fantastic place to work
Companies must provide their employees the chance to use developing or enhancing their digital capabilities otherwise they risk losing high-quality employees as well as top managers. They are aware of the rapid pace of digitalization in the marketplace and recognize the necessity of staying up-to-date with latest developments and techniques to remain competitive. Giving them the chance to learn as part of establishing an environment that is digitally focused will help to keep the most experienced tech experts.
Data is the fuel that drives the business to please its customers. It also assists in making business's decisions
With the rise of new platforms and teams that are increasingly connected, companies are beginning to look at the data they collect in innovative and new ways. As measurement and data increase in importance, they are showing their value to companies and are also used to aid the decision makers as well as the process of adjusting products and experiences for customers to meet the needs of consumers. Measurements across every channel begin being developed as well as the utilization of tools specifically specially designed to report and present. The ability to share and analyze data in real time to enhance the customer experience and assist in making better decisions is essential for businesses.
Technologies-related initiatives and software help define the concept
Whatever industry or project, no matter what type of digital projects should be able to distinguish themselves and increase their popularity. Growth is a different thing according to the company. As new platforms and tools enter the market, established teams constantly test the efficiency of their businesses against innovative business model. The first adopters who are more likely to be disruptive instead of being disrupted, become benchmarks, setting the standard and benchmarks others follow and further enhance.
My brother, Danyal, and I balance each other out perfectly. He is good at maths, stubborn, business-minded, impulsive, and likes to take risks. I, on the other hand, am more creative, careful, articulate, and I think before I act. And even though we fight a lot, we make up easily and without even meaning to.
No one has all the perfect skills that are ideal for an entrepreneur… but doing business with different people means a wider variety of skills and more good qualities added to the table. It's also important you do business with people you trust. And although I would never trust Danyal to ke
My brother, Danyal, and I balance each other out perfectly. He is good at maths, stubborn, business-minded, impulsive, and likes to take risks. I, on the other hand, am more creative, careful, articulate, and I think before I act. And even though we fight a lot, we make up easily and without even meaning to.
No one has all the perfect skills that are ideal for an entrepreneur… but doing business with different people means a wider variety of skills and more good qualities added to the table. It's also important you do business with people you trust. And although I would never trust Danyal to keep an eye on my ice cream without half of it disappearing, he's still one of the first people I'd trust to do business with. The same goes with my sister.
Sabeen isn't sure if she wants to do business with us - she might try out her dream job and become a waitress at a fancy restaurant - but we hope she does join us. With her passion, confidence, and ability to mix and talk with people easily, the three of us would make a formidable team.
The following key characteristics of SaaS/SaaS are as follows:
Data Security:
In this day and age, it is basic to guarantee that information/business data is shielded from debasement and unapproved access. Since Software as Service applications are expected to be shared by various inhabitants, it is basic to comprehend how well the information is gotten. Most information should be scrambled and put away for a particular inhabitant and ought not to be open to another occupant. Subsequently, having a decent Key Management Framework or the capacity to incorporate/connect with outer Key Management F
The following key characteristics of SaaS/SaaS are as follows:
Data Security:
In this day and age, it is basic to guarantee that information/business data is shielded from debasement and unapproved access. Since Software as Service applications are expected to be shared by various inhabitants, it is basic to comprehend how well the information is gotten. Most information should be scrambled and put away for a particular inhabitant and ought not to be open to another occupant. Subsequently, having a decent Key Management Framework or the capacity to incorporate/connect with outer Key Management Frameworks has turned into a fundamental part of SaaS applications. Incorporation with the CASB (Cloud Access Security Brokers) framework will likewise help information security certainty.
Application Security:
Weakness security ought to be remembered for SaaS applications. They ought to normally be safeguarded against OWASP/SAN distinguished weaknesses. Moreover, for SaaS applications, solid character and access to the board controls ought to be empowered. Different elements that add to the security of the Software as a Service application include:
- Identifying unapproved meetings, forestalling multi-meeting assaults, etc.
- Meeting the solid executives, with security against meeting seizing.
- Expanded confirmation, like secret word lockout, and so forth.
- Use treats that don't store delicate information, for example, follow Cookie, and so on.
- Severe adherence to the guideline of the division of obligations.
- Two-factor confirmation
- Assurance against DoS/DDoS assaults.
- Security against support flood assaults.
- Likewise, having mixed focuses open with CASB will support acquiring client trust.
Audit:
As a rule, SaaS applications give review logs of deals, permitting clients to devise a business methodology by using business insight plans. These administrations ought with likewise be fit for complying with unofficial laws and inner approaches.
Multi-tenancy:
Multi-occupancy is a sort of programming design in which a solitary programming application organization serves different clients. Most occupants can tweak a few pieces of the application; these days, applications are planned so that per inhabitant, the capacity region is isolated by having various data sets by and large, or by integrating various plans into a solitary data set, or by integrating discriminators into a similar data set.
Subscription-based billing:
The valuing of SaaS applications does exclude the intricacies of permit expenses and overhaul costs, for instance. By and large, Software as Service applications is membership-based, permitting clients to buy SaaS applications depending on the situation and suspend them when the endeavor discovers that they are not generally needed. SaaS applications are ordinarily charged on a seat-via-seat premise, with the not entirely set in stone by the number of seats bought. It can have different estimating models and charging cycles, like month to month/quarterly/half-yearly/yearly fixed, etc. Numerous cutting-edge SaaS applications offer the capacity to charge in light of use. Another significant element is that SaaS applications should have the option to be invoiced.
Single Sign-On:
An undertaking association might want to have a solitary character framework set up to confirm the different frameworks that clients will consume. It is likewise basic for endeavors to have a solitary page where clients can enter their login certifications and access all Software as a Service application that has been provisioned to them. Therefore, Software as a Service application ought to be easy to coordinate with different characters on the board frameworks. It is likewise critical support trouble for organizations to keep up with and store different certifications per framework that are utilized by big business clients. Additionally, because SaaS applications are multi-occupant, each inhabitant will need to confirm their personality and access to the executive's framework.
High Availability:
SaaS application accessibility is supposed to be very high all through. Thus, Software as Service applications ought to give their clients an elevated degree of SLA. Applications ought to be accessible all over the planet 24 hours every day, seven days per week. Furthermore, SaaS applications ought to uncover the board and observe APIs to persistently look at the wellbeing/accessibility factor.
Versatile Infrastructure:
The utilization of SaaS applications is for the most part flighty. The framework on which the applications are sent ought to have the option to grow/contract the assets utilized in the background. SaaS applications are presently planned so that they can distinguish the way of behaving of the foundation. Most observing specialists are situated inside sending assets to advise the individual administration servers of the assets' openness. Approaches and methods are commonly worked as a component of the center design to grow/recoil foundation assets. Exemplary models incorporate microarchitecture-based SaaS applications. Docker and Kubernetes are devices used to deal with the flexibility of SaaS applications.
Mechanized Provisioning:
SaaS applications are for the most part used by B2B/B2C clients and organizations/clients exclusively using web administrations and the arrangement of access qualifications. The CREST API from Microsoft is an extraordinary illustration of a SaaS application that gives this basic element. Cloud Services Broker (CSB) stages can computerize this strategy to give on-request admittance to SaaS applications. One more significant element is the capacity to de-arrangement - eliminate access from clients/associations when the client chooses not to involve the Software as a Service application.
Rate Limiting:
Rate restricting is a helpful component to have nowadays to offer better support to a wide range of clients. To guarantee smooth deals, the quantity of hits/exchanges can be restricted. Moreover, SaaS applications can be designed with rate restricting/QoS, which helps associations in dealing with their client base.
According to Codage Habitation, Software as a service(SaaS) is an altogether different model than the customary programming permit and upkeep and client-server model. Programming as the administration will be how most applications will be conveyed in not so distant future. We can say that innovation advancements are the essential driver for SaaS reception. it is an alluring conveyance model for high volume and commoditized business processes in administrative center banking, as well as SaaS doesn't need to be a win big or bust offer, we can work it in a crossover model. Improvements of Saas differ by locale. while Europe, the Middle East, and Africa respondents referred to adding up to the cost of possession as the primary inspiration, North America and Asia/Pacific members zeroed in on straightforwardness and speed of advancement. Even though SaaS gives no assurance to be more affordable than on-premises programming and it likewise had a few dangers. In certain associations, it is undeniably challenging to surrender control or trust outsiders to deal with their applications and information.
http://blog.convert.com/moments-every-saas-company-should-anticipate.html
"Where there is chaos, there is also equal opportunity" this line by a legendary military general is something that always echoes every time I face dire moments, and this is especially true in the world of business. When faced with something disappointing, you either see an opportunity and a lesson there or succumb to despair. Manning up is your only choice because griping over spilled milk and errors could mean an even greater loss.
Here are top three SaaS pivotal moments that you can get inspiration from:
1. Your top empl
http://blog.convert.com/moments-every-saas-company-should-anticipate.html
"Where there is chaos, there is also equal opportunity" this line by a legendary military general is something that always echoes every time I face dire moments, and this is especially true in the world of business. When faced with something disappointing, you either see an opportunity and a lesson there or succumb to despair. Manning up is your only choice because griping over spilled milk and errors could mean an even greater loss.
Here are top three SaaS pivotal moments that you can get inspiration from:
1. Your top employee decided to leave you. This can be a depressing situation for most owners who have come to rely upon this very employee about almost everything, short of some executive functions, but this is a reality that every owner must face and accept and move on. Not all employees you have will be out to stick it out with you no matter what. but there are ways to help lessen this scenario and keep your workforce intact such as keeping them happy in their working environment, being attentive and tuned into their needs, providing a solution to their demands and providing a support with regard to their roles and responsibilities, providing vision and direction, as well as fostering a centralized culture where there are easy rapport and camaraderie.
2. When you realized you are understaffed and it's preventing your business to grow and maximize its progress. As a business owner, you would want to minimize cost at all times and find cheap labors, but pushing it to the limit will be very counterproductive to your business. Arm your company enough staff to boost your production and help push your business forward. You can still find the right people without destroying your budget.
3. When your customer churn is whopping your ass. There is no use in acquiring so many customers only to lose them just as fast. In fact, a high customer churn rate is devastating to a SaaS company, so you might want to keep it within the acceptable margin. Focus on customer success by providing your clientele a wholesome experience when using your product. Customer success is every SaaS provider's best weapon against customer churn.
Read more from this article here and find more helpful resources.
I’m no brilliant futurist, but here’s what I see in the best SaaS companies today, so I assume will be table-stakes going forward:
- The Bay Area will remain a draw, but mainly as a small-ish HQ. Everyone will become distributed by employee #10. Yes, this has started, but in a few years, it will be the default.
- We’ll learn how to work efficiently as distributed revenue teams from Day 1. Product and engineering teams have learned the past few years how to be 100% distributed, but in the coming years, sales teams will start off as 100% distributed on Day 1. This is different from multiple offices, r
I’m no brilliant futurist, but here’s what I see in the best SaaS companies today, so I assume will be table-stakes going forward:
- The Bay Area will remain a draw, but mainly as a small-ish HQ. Everyone will become distributed by employee #10. Yes, this has started, but in a few years, it will be the default.
- We’ll learn how to work efficiently as distributed revenue teams from Day 1. Product and engineering teams have learned the past few years how to be 100% distributed, but in the coming years, sales teams will start off as 100% distributed on Day 1. This is different from multiple offices, remote teams, field offices.
- Partner rakes / commissions will become almost untenable. Every partner is now charging to use their platform — Salesforce, Shopify, Apple, Google, everyone. But you can’t pay 30% to Apple, 30% to Salesforce, and then 30% to another partner. It’s too much. As SaaS products continue to run on multiple platforms, APIs, and more, partner take rates will need to evolve.
- Overall corporate budgets for SaaS will start to come under stress. A massive amount of IT spend has not just moved to SaaS over the past decade, but almost as importantly, the % spent on business software by IT has also gone up. Good times + good time = amazing times. But this can’t last. Budgets will get maxxed out for SaaS, and new vendors will have to fight for fixed budget with existing, budgeted SaaS vendors. This will be the start of the end of the sweetheart run for SaaS from 2015–2016 through today.
- “No code” enables much better software. SaaS software keeps getting better, both as we get better at it, but also as we don’t have to do as much low-level stuff. Not deploying your own data center was a big start of not having to do stuff yourself. “No code” won’t remove the need for engineers but it will continue to allow them to work on projects which provide more and more value. This means software will continue to get better, as much of the basic parts of SaaS software will be able to be built without more than a few lines of code.
Good times!
4 friends gave 1 petrol pump.
But they are also a customer
Not found !!!!
Because the petrol pump was one storey
Above !!!
This time they are in that place
A restaurant opened. But again
They don't get any customers !!!
Because, they're at the petrol pump
The signboard has not been opened !!!!
This time they are 4 people
Mile bought a taxi. But
This time they did not get any passengers !!
Because, 2 friends in front and 2 friends
I was sitting in the back looking for passengers !!!
Where will the passengers sit ??
A few days later them
The taxi broke down !!! They are 4 people
The taxi began to push, but
The tax
4 friends gave 1 petrol pump.
But they are also a customer
Not found !!!!
Because the petrol pump was one storey
Above !!!
This time they are in that place
A restaurant opened. But again
They don't get any customers !!!
Because, they're at the petrol pump
The signboard has not been opened !!!!
This time they are 4 people
Mile bought a taxi. But
This time they did not get any passengers !!
Because, 2 friends in front and 2 friends
I was sitting in the back looking for passengers !!!
Where will the passengers sit ??
A few days later them
The taxi broke down !!! They are 4 people
The taxi began to push, but
The taxi moved a little from its place
No !!!
Because 2 people had to push back
With 2 people in front !!
Moral:
Not everyone can be successful if they have capital and manpower. To be successful, one has to take the right steps at the right time. Others are doing good business. I should also go into business knowing the good and bad about the business that I will do without thinking that I have to do this business.
Successful SaaS companies use a combination of math, metrics, and patience to calculate SEO ROI. Here's how they usually approach it:
First, they calculate the money earned by organic traffic, which includes signups, subscriptions, and transactions that are directly related to SEO. Conversions can be tracked using tools such as Google Analytics. Then they deduct the entire SEO expenses, which include anything from content production to agency fees and tools. Finally, they use the magical formula:
ROI = Revenue from SEO − SEO Costs / SEO costs
This gives them a specific percentage of profitabil
Successful SaaS companies use a combination of math, metrics, and patience to calculate SEO ROI. Here's how they usually approach it:
First, they calculate the money earned by organic traffic, which includes signups, subscriptions, and transactions that are directly related to SEO. Conversions can be tracked using tools such as Google Analytics. Then they deduct the entire SEO expenses, which include anything from content production to agency fees and tools. Finally, they use the magical formula:
ROI = Revenue from SEO − SEO Costs / SEO costs
This gives them a specific percentage of profitability. If the ROI is positive, it's time to celebrate (perhaps over coffee or something stronger)!
However, SaaS companies do not stop there; they also consider Customer Lifetime Value (LTV) and Customer Acquisition Cost. For example, if an SEO-acquired customer remains loyal for years and pays monthly subscriptions, that's a win! Ideally, they aim for an LTV-to-CAC ratio of 3:1 or higher—because who doesn't want to get three times the value for their money?
Lastly, successful SaaS brands use attribution models to understand how SEO fits into the broader customer journey. After all, people don’t just stumble onto a website and buy immediately—they browse, compare, and maybe even stalk your competitors first.
Assessing SEO ROI is a complex process that involves both science and art, making it akin to unraveling a mystery. But when done correctly, it is worth every penny (and gray hair).
Because I use it nearly daily, I’d have to say Smartsheet.
I also love everyone at Practicelink.com. They are the best.
Having invested in just shy of 50 startups over the last twenty years, our observation is that perseverance is the most important trait in making a startup successful.
No entrepreneur will ever say they quit because the journey was too hard, but that happens often. The ones who are successful never quit—downturns in business, need to pivot, dread diseases (yes, one of our founders beat serious cancer and has come back strong)—are all challenges most every startup encounters.
The entrepreneurs that power through it are the ones that are successful in the end. One of our companies, run by two very
Having invested in just shy of 50 startups over the last twenty years, our observation is that perseverance is the most important trait in making a startup successful.
No entrepreneur will ever say they quit because the journey was too hard, but that happens often. The ones who are successful never quit—downturns in business, need to pivot, dread diseases (yes, one of our founders beat serious cancer and has come back strong)—are all challenges most every startup encounters.
The entrepreneurs that power through it are the ones that are successful in the end. One of our companies, run by two very gifted and persevering women, has finally achieved success after ten years of struggle and living at minimum wage.
Think long and hard about if you have the perseverance you have to carry your dreams to the end before you become an entrepreneur.