Episode 685 | 7 Things You Should Never Do (A Rob Solo Adventure)
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Oct 31, 2023
A solo deep dive reveals seven costly mistakes SaaS founders often make. Discover why two-sided marketplaces and B2C applications can be treacherous waters. Learn the dangers of prematurely launching a second product and the pitfalls of trying to create a new software category. Dive into the complexities of multi-language support and why addressing root causes is crucial. Wrapping it up, Rob shares his unconventional take on launching a portfolio of products to see which one takes off.
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volunteer_activism ADVICE
Section 174
Support the new Section 174 letter to Congress if your company is US-based.
This helps software companies write off development expenses.
volunteer_activism ADVICE
Two-Sided Marketplaces
Avoid bootstrapping two-sided marketplaces unless you already have one side established.
It's crucial to have one side secured for a successful bootstrap.
volunteer_activism ADVICE
Avoid B2C Apps
Avoid starting B2C applications due to low price points, high churn, and demanding users.
B2C presents the "worst of all worlds" for bootstrappers.
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In episode 685, Rob Walling goes solo to share his insights on 7 common mistakes that SaaS founders make. Be sure to listen to the end to hear Rob’s spicy take on launching a portfolio of products to see what sticks.
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Topics we cover:
1:29 – Sign the National Association of Manufacturers Letter, Section 174
3:52 – Compiling a list of things founders shouldn’t do
6:49 – B2C applications, “the worst of all the worlds”
9:42 – Don’t build a second product if your first has stopped growing
10:40 – Defining a new category of software is usually a bad idea
19:59 – Avoid multi-language support
24:13 – Dig deep to find root causes beyond the symptoms
If you have questions about starting or scaling a software business that you’d like for us to cover, please submit your question for an upcoming episode. We’d love to hear from you!
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