It's just too much

June 16, 2020 / 39:56/E113

What happens when your SaaS grows 300% over the quarantine?

This week on the program, Justin and Jon talk about:

A friend, whose SaaS has grown 300% since the beginning of the quarantine. They just hit $6k in MRR.
At that stage, he's in the "almost but not yet."
You're either:
- Brainstorming how to make money faster
- Brainstorming how to work less
Different stages:
- Pre-launch stage: you're working on your product on the side. It's fun! There's nothing stealing your time and attention because you don't have customers yet.
- The beta stage: still pretty fun! You have a few customers who are using your product, and maybe paying you money.
- The "launched" stage: now, you have way more users. Now you're doing way more customer support, responding to feature requests.
How much did we work when we were building Transistor?
- Jon figures we spent 45 to 60 hours a week (each).
Jason Calacanis’ tweet: "It takes 100 hours per week to build a business!"
“Good businesses have margin."
Josh Wood: "At Honeybadger, we work 30 hours per week."
Margin gives you the opportunity, as a founder, to live beyond your keyboard. To engage with the world.
Sandy Hudson (Sandra & Nora podcast): "The quarantine gave people the time and space to wrestle with the current moment."
The Dept of Veteran Affairs
"As your little baby Rails app grows up, you can't just run everything on the same service."
"The whole internet is just patchwork of pipes and duct tape."

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Cloud base accounting software and services for non-accountants. This used to be owned by Allan Branch (Paul Kogan owns it now). It’s specifically designed for small businesses with 1-25 employees and contractors