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EXECUTION SaaS Challenge - Will you participate?

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LFDY

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Jun 16, 2020
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Hey!



I will start a SaaS in March 2021. As for now I focus on studying until I wrote my final exams. Thought of just doing it and maybe start a progress thread, but today an idea came up.

Maybe here are more people want to start an SaaS or are in an early phase of starting one. We could start a challenge together over a defined time, e.g. 6 months and on the way help each other out on a technical and also on an entrepreneurial level.

Even thought of some sort of price pool e.g. 1.000$ for the winner at the end of the defined time (out of my own pocket? Maybe from all together as a form of commitment? Or even no price pool).

I study Business Informatics, so I have basic knowledge of programming and economy, but have no experience in building a business whatsoever.



Let me know under this post, if this is something you would be interested in. Also share your ideas on how this could work out or even why this is a bad idea.
 

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Kasimir

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Sounds interesting. I'm definitely starting a business in March/April but right now I have to choose from different ideas do some more research. If my business will be a SaaS I'll definitely come back to this thread.
But anyways good luck with your business.
 

tigerbalm

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Also in my research phase for a SaaS. Trying to decide if I want to monetize and existing tool that I built for myself or start from scratch. I'm thinking the latter. I like the idea and will also revisit this thread when I have more details.
 

Jhudson238

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Hey!



I will start a SaaS in March 2021. As for now I focus on studying until I wrote my final exams. Thought of just doing it and maybe start a progress thread, but today an idea came up.

Maybe here are more people want to start an SaaS or are in an early phase of starting one. We could start a challenge together over a defined time, e.g. 6 months and on the way help each other out on a technical and also on an entrepreneurial level.

Even thought of some sort of price pool e.g. 1.000$ for the winner at the end of the defined time (out of my own pocket? Maybe from all together as a form of commitment? Or even no price pool).

I study Business Informatics, so I have basic knowledge of programming and economy, but have no experience in building a business whatsoever.



Let me know under this post, if this is something you would be interested in. Also share your ideas on how this could work out or even why this is a bad idea.
First let me start by stating that I am not being condescending, but truly inquiring. What is Business Informatics? I am an engineer with an MBA, and I have not heard of this. Over the last 2 years I spent independently learning how to code software applications (SaaS) using ruby on rails. Not for pedigree, but just to help me get to my goals. One of my projects is to turn my 15+ years in manufacturing quality engineering and make a SaaS application that can help manufacturers find the right supplier using Supplier Quality Engineering tools.

What type of SAAS are you planning on starting? Is you why strong enough to get you through the development, execution, and assumption of risk it will take to get you through it all? Usually money does not help with this. Who are you going to help, and is there a vision to support this?
 

Mike Stoian

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Jesus. I see people here saying things like: I'm gonna start a SaaS in 1 month, but I gotta do more research on my idea.
Like how does that work? I don't want to be condescending or anything. Just curious.

I've been working on my SaaS for about 1 year now. Coding it all myself. Fixing bugs, Adding new features, doing new tests. Adding more security. It's a hell of a long time to spend on development compared to what you guys are saying.
 

tigerbalm

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Jesus. I see people here saying things like: I'm gonna start a SaaS in 1 month, but I gotta do more research on my idea.
Like how does that work? I don't want to be condescending or anything. Just curious.

I've been working on my SaaS for about 1 year now. Coding it all myself. Fixing bugs, Adding new features, doing new tests. Adding more security. It's a hell of a long time to spend on development compared to what you guys are saying.
Not sure if you were referring to my post or not. If so here’s my answer:

The research phase includes market validation. Not the best idea to move forward with a product that hasn’t verified a need or desire. One should validate that there’s a market for a product before developing the product.

One example is through creating a landing page to gauge interest or even a rudimentary MVP, doing the work manually that will eventually be automated.

No point in wasting resources on a product that people don’t want, ya know?

Certainly not implying that the dev time is anything less than what you’ve mentioned.
 

Jhudson238

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Jesus. I see people here saying things like: I'm gonna start a SaaS in 1 month, but I gotta do more research on my idea.
Like how does that work? I don't want to be condescending or anything. Just curious.

I've been working on my SaaS for about 1 year now. Coding it all myself. Fixing bugs, Adding new features, doing new tests. Adding more security. It's a hell of a long time to spend on development compared to what you guys are saying.
I agree Mike,

I too am doing the same thing. With my application, it is taking much longer than I could imagine, and I am a noob at the development thing. As you probably know, companies have teams of people working on development. For us bootstrapping, it could take 10x the amt of time it takes a company to develop an application that provides value to the marketplace.

Keep fighting the good fight!
 

BlindSide

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First let me start by stating that I am not being condescending, but truly inquiring. What is Business Informatics? I am an engineer with an MBA, and I have not heard of this. Over the last 2 years I spent independently learning how to code software applications (SaaS) using ruby on rails. Not for pedigree, but just to help me get to my goals. One of my projects is to turn my 15+ years in manufacturing quality engineering and make a SaaS application that can help manufacturers find the right supplier using Supplier Quality Engineering tools.

What type of SAAS are you planning on starting? Is you why strong enough to get you through the development, execution, and assumption of risk it will take to get you through it all? Usually money does not help with this. Who are you going to help, and is there a vision to support this?
Is that idea worth pursuing? All this time your spending building - have you talked to people to see if they need it? If they did, or even if you did, why not build the MVP and get users? Users are going to guide your development, get 10 users who love the product and constantly talk to them. Build. Grow. Acquire another couple customers per week. Talk to them. Build. Grow.




Get the MVP out there, get the users to pay, and use that money to fund the business. Scale, don’t focus on perfection.
Jesus. I see people here saying things like: I'm gonna start a SaaS in 1 month, but I gotta do more research on my idea.
Like how does that work? I don't want to be condescending or anything. Just curious.

I've been working on my SaaS for about 1 year now. Coding it all myself. Fixing bugs, Adding new features, doing new tests. Adding more security. It's a hell of a long time to spend on development compared to what you guys are saying.

1 year? Have you talked to users? How many do you have?

Far too long to spend on just building. That time should be spent on an MVP, and then getting users, and using their guidance to build. A great looking tool that doesn’t have any paying customers isnt going to get you anywhere.

I recommend you both get an Insiders account, and go look at Ravens_Shadow thread.
 

Mike Stoian

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Is that idea worth pursuing? All this time your spending building - have you talked to people to see if they need it? If they did, or even if you did, why not build the MVP and get users? Users are going to guide your development, get 10 users who love the product and constantly talk to them. Build. Grow. Acquire another couple customers per week. Talk to them. Build. Grow.




Get the MVP out there, get the users to pay, and use that money to fund the business. Scale, don’t focus on perfection.


1 year? Have you talked to users? How many do you have?

Far too long to spend on just building. That time should be spent on an MVP, and then getting users, and using their guidance to build. A great looking tool that doesn’t have any paying customers isnt going to get you anywhere.

I recommend you both get an Insiders account, and go look at Ravens_Shadow thread.
Hi, yeah I got an MVP out there. It was build with wordpress + some plugins + some custom code. But quickly realised my customers needed more. So that's why I'm building from scratch in a way that gives me the power to give them what they ask for. So that's why I don't consider my platform as "Launched" and I was a bit confused when I heard people say they were going to "start" or "launch" a SaaS in 1/2 months.

On the other hand, yeah you're right. Although I've followed the process and tested the need, I'l always wondering whether I'm building too much and testing too little.
I'll take a look at that thread. Thanks!
 

Jhudson238

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Is that idea worth pursuing? All this time your spending building - have you talked to people to see if they need it? If they did, or even if you did, why not build the MVP and get users? Users are going to guide your development, get 10 users who love the product and constantly talk to them. Build. Grow. Acquire another couple customers per week. Talk to them. Build. Grow.




Get the MVP out there, get the users to pay, and use that money to fund the business. Scale, don’t focus on perfection.


1 year? Have you talked to users? How many do you have?

Far too long to spend on just building. That time should be spent on an MVP, and then getting users, and using their guidance to build. A great looking tool that doesn’t have any paying customers isnt going to get you anywhere.

I recommend you both get an Insiders account, and go look at Ravens_Shadow thread
Is that idea worth pursuing? All this time your spending building - have you talked to people to see if they need it? If they did, or even if you did, why not build the MVP and get users? Users are going to guide your development, get 10 users who love the product and constantly talk to them. Build. Grow. Acquire another couple customers per week. Talk to them. Build. Grow.




Get the MVP out there, get the users to pay, and use that money to fund the business. Scale, don’t focus on perfection.


1 year? Have you talked to users? How many do you have?

Far too long to spend on just building. That time should be spent on an MVP, and then getting users, and using their guidance to build. A great looking tool that doesn’t have any paying customers isnt going to get you anywhere.

I recommend you both get an Insiders account, and go look at Ravens_Shadow thread.
Unfortunately there is alot of regulatory issues and customer demands that go into my product. The good thing is the experience/knowledge of the industry that I have honed over the years. Over 15 yrs working with suppliers, understanding their needs, knowing regulatory requirements, and even discussing with potential clients through "soft sales, or presales" once the application is finished, will require alot of security. The algorithms alone need to be spot on in order to add value. This MVP, if not done correctly, can shut down a business before it starts! UGH
 

Kasimir

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Jesus. I see people here saying things like: I'm gonna start a SaaS in 1 month, but I gotta do more research on my idea.
Like how does that work? I don't want to be condescending or anything. Just curious.

I've been working on my SaaS for about 1 year now. Coding it all myself. Fixing bugs, Adding new features, doing new tests. Adding more security. It's a hell of a long time to spend on development compared to what you guys are saying.
I think it's just the opposite. It's much easier to start a SaaS in 1-2 month. Because so there is no chance that you waste a year of hard work just for you to notice that there isn't a need for your SaaS.

Haven't started a lot of SaaS but with my last one I needed 3-4 weeks just to make a business plan, etc. so I know what exactly I'm doing. (however that was while working full-time in my other company) After that I got a friend in on the idea, and we spend around 5 weeks to do everything needed right now. So if it really didn't work out we would only waste around 7 weeks of work.
 

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DarkKnight

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Jesus. I see people here saying things like: I'm gonna start a SaaS in 1 month, but I gotta do more research on my idea.
Like how does that work? I don't want to be condescending or anything. Just curious.

I've been working on my SaaS for about 1 year now. Coding it all myself. Fixing bugs, Adding new features, doing new tests. Adding more security. It's a hell of a long time to spend on development compared to what you guys are saying.
This. People underestimate the kind of skills and work it takes to build a SaaS from scratch. Its not as simple as just building a frontend. You need to know your shit really well, specially of you plan on competing in a space where you'll be up against entities that can throw in money and hire experts.

And once you get started, you realize how much you still need to do. Frontend, Backend, Database, deploy on cloud? etc. etc. Then you realize the application isn't secure and you need to add security. I could go on.

That being said, its also certainly one of the most challenging and rewarding things you could do and gets you to learn stuff you won't otherwise -- which opens more doors as a software developer and increases you income from your day job, lets you take on consulting gigs, etc. The skills you learn stay for a lifetime and you don't struggle as much when you build your 2nd or 3rd application. Its a journey.

That being said, I am open to be proved wrong on this one. Discovering Figma for instance, opened my eyes to the rapid speed with which you could do frontend now-a-days. If there is a group out there where kindred spirits attempt to build something in record time, I would be glad to be a part of it and see my beliefs being shattered.
 
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Kasimir

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This. People underestimate the kind of skills and work it takes to build a SaaS from scratch. Its not as simple as just building a frontend. You need to know your shit really well, specially of you plan on competing in a space where you'll be up against entities that can throw in money and hire experts.

And once you get started, you realize how much you still need to do. Frontend, Backend, Database, deploy on cloud? etc. etc. Then you realize the application isn't secure and you need to add security. I could go on.

That being said, its also certainly one of the most challenging and rewarding things you could do and gets you to learn stuff you won't otherwise -- which opens more doors as a software developer and increases you income from your day job, lets you take on consulting gigs, etc. The skills you learn stay for a lifetime and you don't struggle as much when you build your 2nd or 3rd application. Its a journey.

That being said, I am open to be proved wrong on this one. Discovering Figma for instance, opened my eyes to the rapid speed with which you could do frontend now-a-days. If there is a group out there where kindred spirits attempt to build something in record time, I would be glad to be a part of it and see my beliefs being shattered.
Great comment!
I 100% underestimate the kind of work it takes to build a SaaS. But why don't try to do it in two months, you probably need longer, but I find if I give myself really strict time lines I get more work done.
And let's be honest a lot depends on what kind of SaaS you're building.
 

LFDY

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Jun 16, 2020
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Germany
First let me start by stating that I am not being condescending, but truly inquiring. What is Business Informatics? I am an engineer with an MBA, and I have not heard of this. Over the last 2 years I spent independently learning how to code software applications (SaaS) using ruby on rails. Not for pedigree, but just to help me get to my goals. One of my projects is to turn my 15+ years in manufacturing quality engineering and make a SaaS application that can help manufacturers find the right supplier using Supplier Quality Engineering tools.

What type of SAAS are you planning on starting? Is you why strong enough to get you through the development, execution, and assumption of risk it will take to get you through it all? Usually money does not help with this. Who are you going to help, and is there a vision to support this?
You may not have heard of it, because I translated it from German to English and perhaps this degree isn't available in the US, or I translated wrong. Basically it is a degree which combines business & administration and informatics.

I will build something that is already existing, but with a special twist that has helped me and is not yet on the market. It isn't something super complicated, but definitely above my current skill level, so I will learn a lot. As you are asking for a why and vision. Even if no one uses my software, I will. It is something I want to use every day anyway. The Worst case would be that I built myself a tool I use every day and learned a lot on a technical and entrepreneurial level.
 
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LFDY

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Jun 16, 2020
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Germany
Jesus. I see people here saying things like: I'm gonna start a SaaS in 1 month, but I gotta do more research on my idea.
Like how does that work? I don't want to be condescending or anything. Just curious.

I've been working on my SaaS for about 1 year now. Coding it all myself. Fixing bugs, Adding new features, doing new tests. Adding more security. It's a hell of a long time to spend on development compared to what you guys are saying.
It is not like I said it will only take 6 months to create a fully developed SaaS lol.

I also mentioned that I am total beginner and the 6 months are 1) just an example as I said I have no clue how something like that could look like and 2) just to put an end to a possible challenge and if the outcome is that you successfully validated your idea and built a first MVP then that is a great outcome I think.

Kinda bad vibe under this post in general and I don't know why. Everyone somehow has to start and to post a comment mocking other people that want to start is kinda weird, but guess we will know better in 6 months. You could be right, who knows.
 

OverByte

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Kinda bad vibe under this post in general and I don't know why.
I didn't read all the posts but I suspect that you just poked a nerve on people who are working hard trying to create their own thing (and it's taking longer than expected), I wouldn't take it personally.

I worked in tech for 11 year and was in leadership positions at two fortune 500 software companies. I've also created several of my own projects (both for hobby and for profit) and can say with certainty software is notoriously difficult to estimate. I just wanted to chime in with two pieces of (I hope) helpful advice.

I can't remember who said this in my career but the gist was "Cost, Scale, Time - you can only control for 2 and we have to ship" - basically it means if you are going ship at a given time, you either have to cut features (scale) or throw money at the problem (cost). There are nuances to this as after a certain point throwing more engineering resources at a software problem often results in worse performance, but I digress. The point is if you give yourself a deadline, ship something and cut features if you won't make the deadline but have something "production" ready at that date.

The other thing I can't remember who said (some famous tech CEO I think) - "If you're not embarrassed by your MVP you shipped too late". I think this is the most relevant point for aspiring SAAS founders.

In terms of your strategy for an accountability group, I think it's actually a good idea and I credit you for putting a goal out there and working towards it. I'm building a new SAAS product right now. I'm not sure if I have interest in the group you mentioned. It would depend on the format and how many people are involved.
 
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Mike Stoian

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It is not like I said it will only take 6 months to create a fully developed SaaS lol.

I also mentioned that I am total beginner and the 6 months are 1) just an example as I said I have no clue how something like that could look like and 2) just to put an end to a possible challenge and if the outcome is that you successfully validated your idea and built a first MVP then that is a great outcome I think.

Kinda bad vibe under this post in general and I don't know why. Everyone somehow has to start and to post a comment mocking other people that want to start is kinda weird, but guess we will know better in 6 months. You could be right, who knows.
oh yeah it definitely makes sense now.
1 Month to verify your idea and make a first MVP is definitely doable and like others have pointed out it's much better than building first and testing demand later.

Sorry of the my thick skull. I'm one of the ones that didn't understand what you meant in the beginning.
 

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