How to Build a SaaS Business – Ultimate Web Resource Guide (Part 1)
Welcome to the first part of the blog post series “How to Build a Successful SaaS Business”. If you want to find out what this series is all about, please check out this introductory blog post. If you want to read the second part of this web resource guide, click here.
This web resource guide is based on a 4 step process. The first step of this process, “Mindset & Basic Decisions”, deals with preparation. This is a topic which is neglected by a lot of aspiring entrepreneurs. After all, before you start to search for a SaaS idea or even try to build a software prototype, there are general conditions you have to take into account, and important decisions you have to make. If you don’t do this, your business will rest on an unsteady foundation. You will make things far more difficult. But if you apply this advice, your SaaS journey will become much easier, and your chances of success will increase massively. In this sense, invest some time into the following topics, and lay the groundwork for your success.
The step “Mindset & Basic Decisions” consists of several subtopics, which have no chronological order. This means you can read the following subtopics and links in sequence, or jump to specific subtopics you are interested in. That being said, try to research all the following subtopics, and don’t regret it later on.
For convenience, every web resource is labeled with these 3 tags:
- Information element: summarizes whether a web resource is a Forum post, Blog post, Podcast, Video, Tutorial, or Tool
- Target group: summarizes whether a web resource is Basic (basic entrepreneur advice) or SaaS (specific SaaS advice)
- Information type: summarizes whether a web resource is centered around Theory (i.e. methods, strategy, .. ) or Practice (i.e. examples, concrete tips, …)
Following this convention, a web resource tagged with “Podcast, SaaS, Practice“ describes this: This web resource is a podcast, which contains practical SaaS advice.
Why should I Start a SaaS Business?
If you want to start an online business, there are endless options you can choose from, ranging from building an online-shop to selling information products. So why would you start a SaaS Business? The following links will illustrate why starting a SaaS business makes much sense and can be very lucrative.
- 10 reasons why SaaS-model is better – Blog post, SaaS, Theory
- Is SaaS here to stay? – Forum post, SaaS, Theory
- The Golden Age for Small Business Saas is Almost Here – Blog post, SaaS, Theory
- The Ultimate Guide to Software As A Service – Blog post, SaaS, Theory
- SaaS is ripe for disruption – Blog post, SaaS, Theory
- When should you start a SaaS? – Blog post, SaaS, Theory
Fulltime Vs. Sideproject
Starting a business is time-consuming. And if you have a full-time job (and even a family), it can be hard to build a business from scratch. Find out which option is better suited for you, starting a business on a part-time or full-time basis:
- Should you start your business part time or full time? – Blog post, Basic, Theory
- Build a Startup Without Quitting Your Day Job – Blog Post, Practice
- 10 steps to start a business while working a full-time job – Blog post / Infographic, Basic, Practice
- Do’s and Dont’s for starting a business while having a fulltime-job – Blog post, Basic, Practice
- Bootstrapping a business with a full-time job and a family to feed – Podcast, SaaS, Practice
Niche SaaS Vs. Big SaaS
Almost every successful SaaS entrepreneur will tell you the exact same thing: the most important thing about starting a SaaS business is choosing the right market. No matter how good of a programmer you are, and no matter how beautiful your UI is designed, the wrong market can make or break your whole SaaS business:
- Vertical Versus Horizontal Markets – Blog post, SaaS, Theory
- Do successful SaaS companies target a niche market or go mass market? – Forum post, SaaS, Theory
- Launching software products: niche vs. mass market – Blog post, SaaS, Theory
- One-person SaaS apps that are profitable? – Forum post, SaaS, Practice
Bootstrapping Vs. Funding
Should you finance your business from your own funds, or should you rely on external capital from investors? Both approaches have pros and cons:
- Bootstrapping vs. VC Funded? You’re asking the wrong question – Blog post, SaaS, Theory
- 12 pros and cons of raising money vs. bootstrapping – Blog post, Basic, Theory
- SaaS Startup: 5 Key Bootstrapping vs. Fundraising considerations – Blog post, Basic, Theory
- 10 bootstrapping principles – Blog post, Basic, Theory
- 4 Strategies for successfully bootstrapping your startup – Blog post, Basic, Theory
- Angel Investment – Guide – Blog post, Basic, Theory
- When, how, and where to get funding – Blog post, Basic, Theory
In the end, a SaaS business is still a business. So if you want to build a successful Saas company, you must learn the business fundamentals. The following links shall give you a small glimpse of the basics needed to start a business:
- Tim Ferriss’s advice on starting a business – Video, Basic, Practice
- How to strategize as an entrepreneur -Video, Basic, Practice
- 4 Questions to start any business – Video, Basic, Practice
- The passion fallacy – Blog post, Basic, Theory
- The truth about entrepreneurship – Blog post, Basic, Theory
- What are the life skills a startup CEO must learn to rise to the top – Forum post, Basic, Practice
- Why entrepreneurs should start a 1000-dollars startup – Blog post, Basic, Practice
- 5 Steps to make the transition from Wantrepreneur to Entrepreneur – Podcast, Basic, Practice
Are you done with all the web resources in this blog post? Then please have a look at the second part of this web resource guide.