#startups

Why your startup needs an operations team

A small, skilled, and effective operations team presents a startup with the opportunity to allow team leaders to focus on their business-as-usual responsibilities without the need to forgo business-changing improvements to how the business runs.

· Startup advice  #advice #startups #operations
How accountability enables autonomy

Great delegation is about handing ownership over to your team. Autonomy and accountability are the two sides of the ownership coin. Effective delegation requires a balance of these two forces. When startup leaders fail, it’s often the result of an imbalance between their autonomy and their accountability.

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Stay ambitious with the help of experimentation

Teams can tackle increasingly ambitious initiatives if they learn to challenge risky assumptions with proofs-of-concept, research, and other forms of experimentation.

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Building teams is about strategically giving up control

Sometimes, delegation leads to poorer results, and founders regret giving up certain areas of control. Other times, founders retain too much control over duties their team should own. While nobody can get this right every time, startup leaders can improve outcomes if they are strategic about delegation.

· Startup advice  #advice #startups #operations
Finding the right software engineers for your startup

Engineers are the most important recruits for early-stage software startups, but many startups fumble their first engineering hires because they don’t understand what type of engineer they need. Even a great engineer can fail at a company they’re not suited to. Fortunately, there are a few broad principles that startup leaders can employ.

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Employer brand for startups

To build a startup, you need to build a great team. Recruiting can be tough for early-stage startups, though. This week, we explore how a strong employer brand can give startups a recruiting advantage.

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Cybersecurity for startups

Startups can be flippant with cybersecurity, but even small companies are targets for attack. Worse, many startups never outgrow their poor security habits. This week, we explore a few ways startups can improve their security posture.

· Startup advice  #advice #startups #operations #technology
Great pricing models make prioritisation easy

For something that startups pay little attention to, pricing greatly impacts business outcomes like growth, revenue, profitability, and viability. But, some second-order consequences are just as important. This week, we explore how great pricing models can make it easy to prioritise initiatives within your startup.

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How to sell your SaaS product

Every startup needs a repeatable and sustainable sales model. This week, we explore the various strategies that work for SaaS products.

· Startup advice  #advice #startups #highlights #sales
How to capture value in the AI gold rush

Startup leaders want to integrate AI into their products. Prospective founders want to build businesses on top of AI. Investors wish to create alpha. Today, we explore how startups can capture value when deploying AI.

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Fostering focus as a founder

Tough economic conditions have a way of forcing us to do what we should have always been doing. This year, startup leaders need to make sure their teams are focused on the right things.

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There is no software maintenance

I would frame this the other way: all software development should be seen as maintenance. A maintenance-first mindset of incremental improvements that compound into great value is the best way to build product. Especially after you’ve achieved product-market fit.

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Why it’s so hard to move down-market

Today, we cover the two most tempting (and fraught) pivots for B2B startup founders: moving down-market, and adding additional product lines. We explore why these shifts are so difficult to pull off, and how to get them right.

· Startup advice  #advice #startups #highlights
Strategies for recurring revenue expansion

SaaS startups should aim for the recurring revenue they earn from each customer to grow over time. This week, we cover the foundational strategies for achieving recurring revenue expansion.

· Startup advice  #advice #startups #sales
Optimising pricing for revenue expansion

As B2B SaaS startups achieve scale, they gain the ability to achieve massive revenue growth by simply better monetising existing customers. This week, we explore some pricing strategies that make this type of revenue growth easy.

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Should SaaS products offer free trials?

A self-service experience, including a free trial or freemium plan, is a cost-effective way to sell a product that is capable of selling itself. Many startup leaders underestimate how much work it takes to truly make this work, though. This week, we explore how to deliver a self-service SaaS experience, and how to decide whether this strategy for growth is right for you.

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How SaaS companies can survive recessions

For many SaaS companies and startup leaders, the 2022-2023 recession will be their first. This week, we look at how SaaS companies can optimise costs, adjust their value proposition, and build a strong business during a recession.

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How to achieve terminal velocity

As startups achieve product-market fit, product strategy simultaneously becomes more important and more difficult. Startups become unfocused by chasing new opportunities when they should be optimising what they’ve already brought to market. This week, explore the importance of focus as you scale your SaaS company.

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Grow faster with a vertical SaaS strategy

This week, we explore the difference between vertical and horizontal SaaS products and how verticalisation can be the best way to win in the increasingly competitive software-as-a-service market.

· Startup advice  #advice #startups #strategy
Team rituals for continuous improvement

As your startup grows, responsibilities that used to belong to a single individual will be owned by teams and, eventually departments. This transition is where startup operations become critical. This week, we explore some of the rituals teams should adopt for continuous improvement.

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Fixing startup problems in the right place

When you build a startup, it can feel like you’re constantly solving new operational problems within your teams. This week, we explore how by solving each problem in the right place in your business, you can build a simpler and more operationally effective business.

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Structuring your SaaS P&L

Many early stage startup leaders struggle to accurately calculate the important SaaS-specific business metrics because their profit and loss statement isn’t well-structured for a SaaS business. This week, I’ve compiled some simple tips for aligning your P&L with SaaS norms.

· Startup advice  #advice #startups #operations
Getting started with partnerships

Partnerships can drive growth and augment your product at all startup stages, but getting started is difficult. This week, we explore how partnerships typically work for B2B SaaS startups and how to start utilising them.

· Startup advice  #advice #startups #strategy
Taking low-risk bets while you're winning ensures you don't get desperate when things change

Some great quotes from Jeff Bezos in this old interview. The takeaway for me: experimenting (and failing) now ensures that you don’t end up counting on a Hail Mary in the future. Amazon once looked pretty goofy for some of these bets, but look at where that has gotten them.

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Simple capacity planning for startups

As your startup grows, your team will get busier. More customers means more onboarding tasks, professional services projects, and support tickets. While this is a great problem to have, many startup leaders find it difficult to determine how many people they need in each team. Fortunately, some simple capacity modelling can simplify this process.

· Startup advice  #advice #startups #operations #people