6 Signs It's Time To Move On from a Failed Startup

"Should I quit my startup?" Choosing to close a business is never easy but it may be time for a fresh start. Here are 6 signs it's time to move on from a failed startup.
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[@MicroConf]

If I Had To Start Over, Here's 3 Steps I'd Take to $1M+ Revenue: kzbin.info/www/bejne/aaK4e6F8rrefr7M

[@bramburn]

I give myself 6 months or so and without building anything substantial. I have been following your guidance of doing customer interviews and those are time consuming but great 👍

[@dustinoverbeck]

I was just thinking, it's been a while since I heard about Mike Taber on the Startups for the Rest of Us pod. Would be interesting to get an update.

[@jjakeharper]

Great vid!

[@MicroConf]

Thanks, Jake

[@sanusbenefits6327]

I think some start ups have a more uphill battle in gaining market share with larger players present and a drawn out sales cycle. Maybe I am crazy, but I am never quitting Sanus Benefits. To the moon baby!

[@bramburn]

Are you making any money how long have you been working on it

[@sanusbenefits6327]

@@bramburn my profit is around $100,000 a year. Been working on it for about 2 years now.

[@sanusbenefits6327]

Keep in mind, I did all the dev, marketing, sales, account management, etc. If I had a team I would solely focus on the sales aspect. That is where I am the best. However if you review my portal you can see I have become quite efficient with coding. The first year I had to pivot from individual insurance to group. It was too tedious working with individuals.

[@sanusbenefits6327]

Oh and I am a self taught developer. I never went to a bootcamp, classes, or even any coding exercises. However, my inexperience with developing is not obvious. I have prepared statements for all database queries, connect to a few apis, and have created various widgets to help customers.

[@sanusbenefits6327]

As a side note, the $100,000 profit is residual commission from insurance sales.

[@cloudysky584]

How to sell a saas business?

[@ekkamailax]

if it’s small, Flippa or MicroAcquire. If it’s mid size, FE international .

[@MicroConf]

Sid Jain gave you some good starting points on where you might sell. If you are looking for an in depth behind the scenes look at selling a SaaS, you might check out this gem of an episode on Startups For the Rest of Us: www.startupsfortherestofus.com/episodes/episode-311-what-its-like-selling-a-128k-side-project-with-guest-derrick-reimer