Summary
In this episode, Sean discusses the often overlooked path to success in the SaaS industry. While many focus on rapid growth and exponential revenue increases, Sean highlights the importance of taking a slow and steady approach. He emphasizes the need for commitment, sustainability, and staying in the game for the long haul. By adopting a bootstrapping strategy and maintaining control over your business, you have the potential to achieve the success you’ve always desired.
In this episode, Sean discusses the often overlooked path to success in the SaaS industry. While many focus on rapid growth and exponential revenue increases, Sean highlights the importance of taking a slow and steady approach. He emphasizes the need for commitment, sustainability, and staying in the game for the long haul. By adopting a bootstrapping strategy and maintaining control over your business, you have the potential to achieve the success you’ve always desired.
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Key Points
- Everyone aims for a hockey stick growth curve, but it’s not the norm.
- The time and commitment required to reach extraordinary levels of success are often underestimated.
- Building a sustainable business is crucial to staying in the game.
- Bootstrapping allows you to progress at your own pace and make continuous improvements.
- VC-funded startups face pressure to hire fast and make rapid progress, which often leads to failure.
- Keeping a nine-to-five job while slowly building your business can yield long-term success.
- Even as a bootstrap business, you can achieve hockey stick growth with time and perseverance.
Quotes
- “I would rather see you keep a nine-to-five, start working on learning these concepts, building what you want to build, and make progress slowly but surely.”
- “It gives us control, allows us to do the things we wanna do with our business, and eventually reap the majority of the reward.”
- “The success that you’re ultimately likely to achieve will probably follow a similar path, it just might take a little bit longer.”