Don’t get left behind! Learn the Juicy Secrets of ChatGPT!
Don’t get left behind! Learn the Juicy Secrets of ChatGPT!
Imagine your future. Are you on the beach somewhere replying to occasional emails? Or in the thick of it in a stunning office with your team? SAAS can provide both.
Your SAAS (Software As A Service) business can be run in a multitude of ways, and from any location you’d prefer.
On the other side of success, you will have the opportunity to decide how to live your life.
When you’ve grown the business and the team, your preferred option becomes a reality.
SAAS, as a model, turned up about 20 years ago, and fast internet has made it a reality.
I remember when SAAS began as a model. I remember thinking “this will never take off; it’s too insecure”. How wrong I was!
The sky really is the limit with this business model.
Finding the path forward that works for you will ensure you make the most of the opportunities you have in front of you.
But it can also turn into your worst nightmare.
SAAS businesses fail at a higher rate than they succeed. I’ll lay out a few of the reasons later on this page.
Unhappy customers screaming at you asking for features and fixes!
It’s easy for customers to become the reason that a SAAS business fails. If your customer service and communication are poor, your failure is almost certain.
Locked into a business and financial model that doesn’t seem to allow you to scale and grow your team!
Many SAAS businesses don’t charge correctly and don’t find themselves able to grow.
And plenty of stress, unhappiness and hopelessness.
Whatever the challenges, it’s common for SAAS business owners to find themselves overwhelmed and stressed.
I began my professional career as a programmer in the highly technical computer games field, before becoming a project manager for $5M+ projects with 40 staff.
I loved programming, and while I don’t do it today, I always enjoyed planning projects.
In my own 7-figure online business I successful ran the dev and marketing teams for 2 decades.
Successful businesses of this type require a continual improvement model, and this was how we grew our team to 20.
So, I’m experienced in building a successful project based on development and technology, and finding the marketing and customer service opportunities.
I’m an advocate of taking large chunks of a business out and replacing it, rather than putting stick-plaster on top of something that isn’t working.
As a SAAS coach I pull together these 3-decades of skills and experiences together with my business coach training.
And I have a kind and thoughtful approach to coaching, which is focused on your needs.
Technology is the mechanism for SAAS business growing and scaling.
The SAAS model is based on programming and having access to servers which will allow you to scale your business to handle a virtually unlimited amount of customers.
Today, AI allows for scaling in completely new areas of business for increased profitability.
AI is amazing and improving at a huge rate! ChatGPT anyone? Using it can allow you to automate tasks that were originally impossible.
Whatever area you choose to build your SAAS business in, let’s find as many opportunities as possible to reduce salaries and replace with server costs.
These are numerous SAAS business areas, such as as CRM, ERP, Accounting & finance, HR, E-commerce, Marketing, LMS, Project management and workflows, AI and more niche areas like coaching. Whatever you choose, let’s build a successful model.
Which of these key areas do you find most challenging – Marketing, Customer service or Development?
All three of these are essential for a SAAS business to succeed.
Your product will be based on excellent development practices, new customers will arrive with marketing and they will continue to be happy through customer service.
Some business owners lean one way, some toward another, but all have to be exceptional.
You might have a leaning, and worry that the other areas are going to be a struggle for you.
But remember: the role of a business owner isn’t to plug all gaps, but to ensure they are all plugged.
Let’s reframe that; you only have to make sure everything is excellent, not to be excellent in everything.
SAAS businesses typically still require an amazing team in order to run and grow the business.
If you consider a business like Google Business Services, they will have thousands of employees. Hiring and onboarding these staff members effectively is essential.
Especially in the early days, outgoings can outstrip income, creating a chicken and egg situation for growth.
Once you have a successful marketing channel and ongoing signups, the SAAS businesses struggle less, but the time between starting the business and being successful can be difficult, financially.
Since it’s highly lucrative, there are tens of thousands of SAAS businesses aiming for success.
How will you lift your business above this crowded space? Let’s differentiate you.
All of these together will require you to be an effective business and team leader.
As your business grows, your role will change and you’ll require new skills.
With so much to handle, your business can cause significant emotional hurdles to handle.
These stresses can cause your business to take over your life, removing the work-life balance which paradoxically could be one of the solutions.
Sure, you could try to follow someone else’s plan.
Why not exactly follow something that’s already proven to be effective?
But what happens when their plan involves something you detest?
You’re individual, so your success path may be different.
Instead, let’s build a bespoke plan that focuses on your unique strengths.
Let’s understand the most effective way for you to build a successful SAAS business.
Available online throughout the UK and internationally
➡️ Please note: ⬅️
This is only for people interested in coaching. No sales meetings.
Available online throughout the UK and internationally
Phil Drinkwater is a successful online business owner. Now a business coach, he supports amazing clients with practical guidance and personal coaching, focusing on small businesses, entrepreneurs & startups.
He has successfully completed coach training with The Coach House, a course accredited by the Association for Coaching in the UK.
PHIL@PHILDRINKWATER.COACH
83 DUCIE STREET, MANCHESTER, M1 2JQ
