The Three Biggest Reasons Why SAAS Startups Fail - Deepstash

Bite-sized knowledge

to upgrade

your career

Ideas from books, articles & podcasts.

created 6 ideas

These ideas contain valuable advise for small business and tech startups.

WORDPRESS

The Three Biggest Reasons Why SAAS Startups Fail

The Three Biggest Reasons Why SAAS Startups Fail

informationprime.wordpress.com

STASHED IN:

378 reads

The Three Biggest Reasons Why SAAS Startups Fail

SAAS is a means by which applications are delivered over the internet, saving you from the burden of installation, management and continuous updates that comes with the traditional purchase and use of a software or application.

Why SAAS Startups Fail

  1. Lack of Market
  2. Poor Management team
  3. Product Problems

1. Lack of market

Loving a business idea is not enough to make it successful and a lot of SAAS startups have had to experience the heartbreak that comes with this lesson. CBI insights report that about 42% of cloud startups stop operations due to this cause. I call it the passion trap and to avoid falling into it,...

2. Poor Management team

Visionary managers understand that for a startup to thrive, it must focus on value creation before profits.

Today’s profit-motivated entrepreneurs find it easy to gather a team of freelance developers on Upwork or Fiverr to make their product but once the product is past its concept stage t...

HUBSPOT FORMER CMO MIKE VOLPE

‘HubSpot could be profitable if we wanted to, our current revenue run rate is in excess of $20 million. We just believe that there are tens or hundreds of thousands of businesses that we can help transform with better marketing (beyond the 3,000+ that use our product today). We want to continue t...

3. Product Problems

Shopify remains the leading platform for drop-shipping and e-commerce hosting for entrepreneurs because it does what it says, fast and easy. Competitors who have sprouted over the years have failed because they were unable to replicate this convenience and simplicity in their products, leading to...

1 Reaction

Comment

MORE LIKE THIS

created 6 ideas

Time management is very curial for better productivity,so i have pointed out some tips to manage time for better productivity.

24

Comment

3.26K reads

created 9 ideas

In the modern world where being aware of changes around us is expected from everyone, the skill of learning is gaining more and more attention. So let's learn about learning.

8

Comment

1.4K reads

created 6 ideas

Article explains niche entrepreneurship in details and gives glimpses of how to build one

3

Comment

270 reads

It's time to

READ

LIKE

A PRO!

Jump-start your

reading habits

, gather your

knowledge

,

remember what you read

and stay ahead of the crowd!

Takes just 5 minutes a day.


TRY THE DEEPSTASH APP

+2M Installs

4.7 App Score