Micro SaaS Academy

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Solo Founder Mindset

Do Things That Dont Scale
Its easy to think youll sit back and the customers will come to you. Nobody knows who you are.
You have to grind
Grinding task examples
Post on forms, FB groups, hacker news, and product hunt. Answer questions on Quora, Shopify forms and Wix forms
Speaking with every new customer
Watching recordings of every user interaction
Why You Shouldn’t Quit Your Job (Yet)
This is going to cover why you shouldnt quit your job right away and should build hile you are still working
This is going to apply to anyone who is already fully employed
(as long as it’s allowed)
Why you should keep working?
Less stress and pressure
SaaS is slow build, you wont generate 10k on your first day
You can burn out quickly
You have income coming in
This can be used to support your micro SaaS
You can take your time
You can ensure that your idea is fully validated
The downside
It is more time-consuming as you will either have to moonlight or work on weekends
This can mean less time to socialize and to relax
BUT
The avg person spends 151 mins per day on social media. That’s 2.5 hrs! Convert this time into work time
The exception
There are founders who have saved enough money to live comfortably for months even years. They have made the decision and trade-off to go full time.
Dont Reinvent the Wheel
User what you know
Dont choose a new tech stack to learn while building your SaaS
Stick to what you know and what works
You’ll overcomplicate thihngs
Use pre built to move fast
Hosting: Heroku, etc
Database: MongoDB, AWS, etc
Authentication: Authly
Payments: Stripe, PayPal
Landing Pages: Carrd, Swipepages
Use established services
You dont want a tool you’ve built your entire product on to be left behind or closed
It’s all About Perseverance
Not a get rich quick scheme
SaaS is a consistent grind over time
ConvertKit
Over $1 million in MRR
Founded by Nathan Barry
>70 employees
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Your Are Not Your MRR.
Focus on the right things
Focusing on the inputs, not the outputs
What you can control
Why you don't need to raise money
SaaS has Amazing Margins
You can keep your expenses really low. VS code is free, Heroku is $7 a month, MongoDB has a free plan to store your data, a domain name can be purchased for under $10, GMail has free emails, and tawkto is a free chat plugin
It's super cheap to start SaaS. Long gone are the requirements of racking your own servers for hundreds of thousands of dollars
It's Time Consuming
You want to spend your time validating your idea, building your MVP, and discovering if you have a viable product. Why would you want to spend your time trying to raise money from VCs?
You'll Have a New Boss
Why do you want another "boss"? You're now responsible to give updates, and reports and justifying your decisions to someone else. You've instantly lost the independence you've gained by starting your own business
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