And then build in the real world.
Ask HN: Books giving practical advice on starting a solo SaaS business?
71–80 of 102 posts
Re: Ask HN: Books giving practical advice on starting a solo SaaS business?
#72He’s an investor of mine who’s sold multiple SaaS businesses for double digit millions
Re: Ask HN: Books giving practical advice on starting a solo SaaS business?
#73By all means, read the books mentioned in this thread. And then drop it and just start working. There is a large swath of self-branded Indie Hackers who cling to books, blogs, conferences etc. but are too paralyzed by all the advice and input to actually do the one thing they need to: get customers. Disclaimer: I run my own SaaS and visit Indiehacker meetups and stuff. I’m not a nay sayer, just stay skeptical.
I've found this to be true in a lot of subjects. When I started really getting into machine learning a few years ago, I did all the courses, refreshed on my college math, followed tutorials to learn things like tensor flow. But despite all that, I was totally flummoxed on my first day as an ML engineer at work. It wasn't until I started building things to solve problems and learned practical lessons by doing that (wi…
Re: Ask HN: Books giving practical advice on starting a solo SaaS business?
#74Earlier quoted context omitted.
Start Small, Stay small is 10 years old. A lot has changed since then. The author made an unfortunate decision to write extensively about things that are not perennial. So after reading for a while about software tools and practices that are now dead or outdated, describing the limitations of an iPhone 3G, etc, I decided to stop and return the book.
The author here. Yep, that makes sense. I’ll say most marketing books I listen to that are 10 years old are brutally out of date. The focus on detail that made the book a success also made it go out of date relatively quickly. It needs an update. That is on my to do list most years (between running MicroConf and TinySeed) and one of these days I will circle back and get it done. Honestly, this weighs on me. It’s some…
Re: Ask HN: Books giving practical advice on starting a solo SaaS business?
#75Re: Ask HN: Books giving practical advice on starting a solo SaaS business?
#76The San Francisco Fallacy by Jonathan Siegel He’s an investor of mine who’s sold multiple SaaS businesses for double digit millions
Thanks for the shout-out Mr Owens!
Re: Ask HN: Books giving practical advice on starting a solo SaaS business?
#77Re: Ask HN: Books giving practical advice on starting a solo SaaS business?
#78Getting Real
Re: Ask HN: Books giving practical advice on starting a solo SaaS business?
#79Repeating what others have said, starting a SaaS company broadly speaking does the opposite of what you hope. It gives you a job that you think about 24hrs a day, while maybe only actively working 6hrs a day, but realistically much more. That said I LOVE my job and super grateful I get to work on it everyday!
There are much better ways as a software engineer to take a lower risk approach to getting to financial freedom.
(These suggestions are not inclusive of coronavirus)
1. Save cash. Change jobs and increase your baseline income. If possible get to a FAANG and then also freelance on the side. It's very possible in the Bay Area after 5 years to save enough to retire without necessarily subscribing to the FIRE goals.
2. Work for enterprise companies or build them a micro-saas. There are plenty of high-value services that companies will pay $XXk monthly for. If your goal is to make money and maybe not love your job, this is a great place to be. Orchestrate Segment and a data warehouse, build out a robust Salesforce pipeline, take a spreadsheet and implement in Retool or Rails. Each of these examples can easily cost $300k for the right type of company. A micro-saas example is Sidekiq ([https://www.indiehackers.com/interview/how-charging-money-fo...). I would have probably 4x the enterprise rate to get to $4M/yr.
3. Explain something difficult, really well. Related to selling services to enterprise, you can also consult with companies by owning a very specific niche that is very high value. Explain security compliance (like SOC 2), orchestrate edge servers and CDNs, up-level sales teams with technical knowledge or off-the-shelf tools. A single dev can shepard folks through a process that costs $XM of dollars or enable a teams that also costs $XM of dollars.
4. Rebuild existing tools, much better. This is my personal expertise, but I believe all existing tools could use major improvements. You can make tools better in UX, better documentation and tutorials, faster code, easier onboarding, etc. The major benefit is that you know there are existing customers paying money and you can then develop much better tools along the way. In this model I believe free or enterprise is way to go as a single dev. With free tools, you need strong traffic to monetize with ads or sponsorship. At the enterprise you sell featured postings or (3) services / consultation.
Re: Ask HN: Books giving practical advice on starting a solo SaaS business?
#80Has anybody here read Small Time Operator: How to Start Your Own Business, Keep Your Books, Pay Your Taxes, and Stay Out of Trouble? It's the only book I've seen that even claims to address this stuff, but I don't know if it's worth the time and money to buy and read.