Question
For 3 years, I've been bootstrapping and signing up early adopters to be able to pay for developers to build out my SaaS product. The development process has been the "kink in the hose" so I've been working a decently paid full-time job while it gets built. My schedule was not holding up the progress since it was all development (and I'm not a developer). But within the next three months, we will have finished the build and will be delivering the product to our first three customers.
At that point, I have to assume that my schedule WILL be what is holding us up - and that doesn't sit well with me. How should I plan for this? What are the options?
Answer
You must have heard about many stories of startup failures that surround businesses. You know that 9 out of 10 startups fail and that almost half of all small businesses close down before their 5-year anniversary.
It is the passion that should drive you in your startup. If you feel that this is the right time, then go for it. This reminds me of Gene Caballero, Co-Founder of GreenPal. Before starting his business, he worked as a sales coach at a Fortune 50 tech company. Having done both jobs for 4 years, he knew that at some point he was going to have to quit my day job to pursue his startup full time.
His tipping point was when they hit 500 transactions per week with GreenPal, which has been described as the Uber for lawn care. What this did was prove that their concept was something that could scale and allow him to leave with a better peace of mind.
I will be happy to discuss and identify your tipping point. Go ahead, setup a call.
Thanks
Shishir
