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podcast
Why is SaaS hard?
Aug 30, 2024 - 50m 50s

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Today:

Why makes SaaS more difficult than other business models?  Rosie first customers!  Brian's pricing experiment update.  Training businesses.  AI waves.  Profitability at $1-2m.  College Football.  US Open Tennis.

Brian's stuff:

Jordan's stuff:

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AI-Generated

College Sports Excitement

The episode kicks off with hosts Brian and Jordan celebrating Brian's plans to attend a Michigan football game, embracing the excitement of being national champs. They humorously discuss their expected spending on team swag and family outings, creating an upbeat atmosphere.

Tennis and the U.S. Open Experience

Brian shares his recent experience at the U.S. Open tennis tournament in New York, reflecting on the unique energy of the event and the thrill of watching top-tier players from close proximity. The discussion highlights the vibrant atmosphere of the tournament and how it feels distinctly New York, particularly with the high prices and social hierarchies present.

New Beginnings with Back-to-School

Both hosts express a sense of renewed focus and energy with the arrival of the back-to-school season. Brian discusses how having uninterrupted time in his home office allows him to concentrate better on work and tackle new business resolutions.

Business Milestones: Rosie’s Paying Customers

Jordan reveals the exciting news that his company, Rosie, has converted trial users into paying customers, marking a significant milestone. The discussion revolves around customer acquisition and the importance of understanding the entire user funnel for future growth.

Experimentation in Pricing Strategies

The conversation shifts to Brian's recent pricing experiment, where he eliminated the free trial option for his service. Insights from this experiment suggest a potential uptick in revenue, prompting Brian to reconsider the future direction of his pricing strategy.

Shifting Focus from SaaS to Training Businesses

Jordan discusses his evolving mindset around launching a SaaS business, expressing hesitation about investing time in such models due to market saturation and competition. He explores the potential of pursuing a training business instead, emphasizing the growing demand for skill-building in technology, especially as AI reshapes job roles.

The Future of Work and AI Integration

A key theme emerges as Brian and Jordan contemplate the workforce's future, highlighting the rising need for tech-savvy employees in non-tech industries. They predict a trend where more businesses will seek to integrate technology, creating opportunities for training around those technologies.

  • - The excitement of college sports can make family outings memorable, especially after a championship win.
  • - Experiencing major sports events like the U.S. Open can provide thrilling moments and unique atmospheres that are integral to the sports culture.
  • - The back-to-school season offers an opportunity for renewed focus and productivity, especially for parents running businesses.
  • - Converting trial users into paying customers is crucial for business growth, and understanding customer needs can enhance retention strategies.
  • - Business owners should continuously experiment with pricing strategies to understand their market better and to maximize revenue.
  • - The challenges faced in launching traditional SaaS businesses may lead entrepreneurs to consider other viable and potentially lucrative business models.
  • - As AI technology evolves, businesses will increasingly require knowledgeable employees who can leverage such tools, indicating a shift in workforce needs.
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