Two of the three entrepreneurs are looking to build a SaaS product but are stuck figuring out where to start and what tech stack to use
This should only take about 7 mins to read.
Over the past two weeks, I’ve had the pleasure of doing business coaching with some up-and-coming entrepreneurs. Two of the three are looking to build a SaaS product but are stuck figuring out where to start and what tech stack to use. Their ideas (for a first product) are a bit vague, and they think too big. I am not a dream killer by any means, but trying to build the next Facebook is probably not the best use of time when you are just getting started.
So I broke down the steps to start something low-risk to get their feet wet.
Most of my ideas stem from problems that I have or problems that I notice other people have. I am fortunate enough to have a service agency where we work with clients, and their problems become our problems, and we solve them. I recommend keeping a notebook or your Apple notes app close to you at all times. When you have a problem, write it down.
Keep track of those questions and keep going back to your notepad. Tally up the number of times you run into that same issue. If it’s more than three times, you have a problem that needs to be solved.
One of my recent problems was keeping specific project and client information in one place. A central hub. We use so many tools:
And there is client and project information scattered all around. It’s organized, but it’s not in one single place where I can get a pulse on a project. What did I do? I created thymeline.co.
Thymeline is a chrome extension + web app that lets you quickly capture and save important information into a TIMELINE view.
It saves the timestamp, date, URL, and any information you highlight on a website or tool. Extremely useful.
Break down your idea into a few smaller pieces, such as:
Overview:
The general idea and the solution it provides.
Where did the idea originate from, and why is it relevant?
User journey:
How does the user interact with the app? How easy is it?
Visualize this and put it on paper so you can see it yourself. You will find some gaps you can fill while you draw this out.
Figure out who your customers are.
My example above with Thymeline.co is primarily geared towards project managers. This is the demographic that I am after at the moment.
Reach out to those people, get their feedback and give them a free version of the product to use. They deserve it.
Most of these first-time apps should be built with no code for the sake of time, money, and upfront investment. The chances of your first app being a big success are low but not impossible. If your app or service takes off and it’s built on no code, you have a good problem on your hands. Don’t underestimate how powerful and scalable the no-code tools are.
Focus on a simple build, a simple app, and a simple solution. Solve your own problem.
A lot of people are are afraid of making mistakes because they feel like a failure. My rule of thumb: if you're not making mistakes, you're not growing and learning. It's part of the process of immersing yourself into entrepreneurship.
Perfect is not an option.
Challenge: write down all of your mistakes. Just do it.
Tweet 1: Amazing thread by Eddy Quan, I was blown away by the flow and the story telling here. MUST READ.
Tweet 2: A tweet from my good friend and how colleague Rahul who is helping my build up DropVoice (our new Shopify app)
Tweet 3: This is my twitter thread from this week about business building and taking the first step.
Guests on the latest episode of my podcast were Brian O'Connor and Harris Fanaroff. It was awesome talking to these amazing people.
Tune in to listen to the full conversation. We talked about the benefits of finding a niche, how to decide if you should build a product or service, what it’s like to build a side hustle next to a 9 to 5 job, the difference between Linkedin and Twitter, and more.
Tool of the week: Typefully
URL (affiliate): https://typefully.com/?via=zlatko
Why Typefully is so awesome:
It's the best Twitter thread editor by a long-shot. It's so easy and so powerful. Especially if you are sharing your threads with others to get help with hooks or content structure. People can leave comments and give you easy feedback. Highly recommend this.
That's a wrap for issue #22
Email me at z@zlatkobijelic.com if you are building something. I'd love to know what you're working on and if there is anything I can do to help you.
Random question:
What's one thing that you did this week that made you happy?
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