Learn more about entrepreneurship with this collection
How to create customer-centric strategies
The importance of empathy in customer success
The impact of customer success on business growth
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, you must ensure that your idea fills a market need. Successful entrepreneurs do this by;
- Obsessively emphasizing the market
- striving to know the market
- Executing based on their market’s opportunity
13
70 reads
MORE IDEAS ON THIS
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.
12
147 reads
‘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...
HUBSPOT FORMER CMO MIKE VOLPE
11
53 reads
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...
12
56 reads
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...
13
43 reads
CURATED FROM
CURATED BY
Writer, artist, Accountant and a forever learner. Learning, loving, Hoping.
These ideas contain valuable advise for small business and tech startups.
“
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving & library
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Personalized recommendations
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates