What is a SaaS

And what Startup Founders need to know

Photo by PhotoMIX Company from Pexels

Why Build a SaaS?

What would they pay for?

A Minimum Viable Product

Here are some things that founders should think about when starting their SaaS:​

Is my value proposition clear?

What problem does my app solve?

Do I know who my users are?

Is there any competition?

Can I differentiate myself from others?

What is my pricing strategy?

How much do I charge per customer/seat/month/year?

How many seats do I plan on selling in 1st year?

How much money do I need to cover costs and grow my business?

Do I really need payment provider or do I have another option where I don’t have to pay fees (for example Stripe)?

Do I have tools which will help me manage customers and invoices?

Founder of Cudy Technologies (www.cudy.co), a full-stack EdTech startup helping teachers and students teach and learn better. I am also a mentor and investor.