The #1 Reason Why Startups Fail - Don't Make This Mistake!!

Why do so many startups fail? The #1 reason we see for this is a simple one to avoid so don't make this common mistake! PS - Watch till the end to also find out the #2 reason startups fail so you can avoid that too ;)
Watch more videos like this:
11 Ways Startups Waste Their Money 👉 Avoid These Mistakes!!: • 11 Ways Startups Waste...
Top 10 Avoidable Mistakes SaaS Startups Make: • Top 10 Avoidable Mista...
7 SaaS Ideas You Can Steal: • 7 NEW SaaS Ideas You C...
📈 SUBSCRIBE: kzbin.info?sub...
Welcome to MicroConf - Where Independent SaaS Founders Launch, Meet, Learn, and Grow! MicroConf is the world’s most trusted community for bootstrapped SaaS founders.
MicroConf is a community of SaaS founders that brings together bootstrapped and independently-funded B2B SaaS companies who are not looking to chase “unicorn status'' or venture capital.
We provide SaaS training, education and networking opportunities for other founders who are pre-product, focused on scaling their business, and looking for an exit strategy.
MicroConf began more than a decade ago. Since then, we’ve hosted more than 25 events with nearly 200 speakers, helped thousands of attendees, and impacted tens of thousands more through our videos and online community.
Ready to take your SaaS startup to the next level? Check these out:
In Person Events: microconf.com/upcoming-events
Digital Events: microconfremote.com
Mastermind Matching: microconf.com/masterminds
Let’s Connect...
Website: microconf.com/
Facebook: / microconf
Twitter: / microconf

[@MicroConf]

Top 10 Avoidable Mistakes SaaS Startups Make: kzbin.info/www/bejne/bnvNk2qchbtphrM

[@joyousfeeling9827]

you have story or list about being a solo founder?

[@webdeveloperninja9220]

So hard to step away from the code, the challenge is real

[@philipps258]

Just... Do... It,

[@El_Diablo_12]

Good stuff, thank you Rob 3:00 save them time, make them money, save them money 4:00 a lot of people find it hard to talk to customer, but it reduces risk massively 5:50 don’t try to be too clever. A known market is a huge de-risk. Use your creativity on the positioning and your software’s ‘twist’ 7:00 lean into the hard things, talking to customers, testing your ideas on/with your customers, grinding on marketing, researxhing your customers/the market and improving your positioning 8:00 the other ginormous risk, is that you don’t spend time on marketing and sales, and working with customers to get them onboard and creating wealth for themselves

[@MicroConf]

Thank you!

[@ekkamailax]

“A tip jar that brings in $10 a month” Loll😂

[@sergeynazarov7410]

Absolutely agree with the comfort zone

[@plusone.network]

Point #2 reminds me of a quote from the show Silicon Valley: Dinesh: inferior products win out all the time…” Gilfoyle: like jesus over satan Dinesh: I was going to say VHS over Beta Lol

[@brycecox8249]

As a ux designer the issue is finding a dev that a) knows what good is and B) wants to partner and do work

[@TheSplayMan]

So true.. The best product doesn't always win 👌

[@thomass98]

but makes sales MUCH easier

[@cdb5662]

Excellent content! As always. Thank you.

[@MicroConf]

Thanks!

[@colibio]

Hey, great video! Do you have (or could you make) a video that details how to test and try marketing approaches, how to spend the right amount of resources to validate/invalidate a channel? Thanks for your content, really nice insightful!

[@MicroConf]

Hi Colib, we don’t have any videos that cover specifically that, but we will add the idea to our video idea pool.

[@mukhtar7200]

Love this video!

[@MicroConf]

Glad you enjoyed it!

[@siddharthtulsian6941]

Hey buddy, love your videos. Keep up the good work! :)

[@MicroConf]

Thank you, Siddharth.

[@carloslfu]

Great video!

[@MicroConf]

Thanks, Carlos!

[@gidd]

Hey Rob! Would love a video on how you stay on top of things What productivity tools do you use Do you schedule every hour of your day or "go with the flow" Would appreciate this advice as an aspiring founder that's a student and working it can be a handful. Thanks

[@MicroConf]

I “go with the flow” but with guardrails. I follow a modified GTD methodology: I use Trello to track most of my todo’s, and we use an internal Airtable app to track weekly deliverables I’m responsible for (recording my podcast and these videos, for example). Anything arriving in my inbox that doesn’t need immediate attention gets a “_this week” label and I block off one hour each week to tackle all of those. Everything else I handle as it arrives, or it goes into my Trello board.

[@i_fuk_religion]

You have invested in 100's of companies, and made many millions, yet you need bootstrapped founders to buy your PDF for $100, or pay ticket of your conference for $500.

[@useydkerimoglu5720]

This adds so much value

[@MicroConf]

Happy to hear it!

[@cheekywombat6736]

One of my random ideas is a smart fridge running on the blockchain which tracks what goes in and out of the fridge, when you run out of something like milk, the fridge uses a crypto wallet you connected via an app and automatically orders milk and delivers it to your house.

[@PatrickRams]

😂wow, interesting 👍

[@sheaerickson537]

What would be really cool is an individual video that gives a step-by-step for validating a specific channel. Then make several videos with the same idea, but for each channel that someone with an idea ought to check out. I want so bad to validate some of my ideas, because I am terrified I'll build and then get 0 sales, but I oftentimes just feel like I don't 'know enough people' to do any good validating. I feel like if I had a slightly more clear path, I could get myself to follow it even if it is uncomfortable.

[@MicroConf]

Hi Shea, thanks for the suggestion, we’ll add it to our pool of ideas. In the meantime, you might check out Deploy Empathy by Michelle Hansen. She gives some ideas on how to source people to interview for idea validation, and even includes example interview scripts. You can also see the talk she gave at MicroConf in 2019: kzbin.info/www/bejne/m3qbmHV8pst2j9E

[@Greg_Chase]

"Lean startup" was pitched as "fail fast" but it led to "abandon fast." RW brought up Apple computers at time 8:15. The first Macintosh was a failing product 18 months after its launch which led to Steve Jobs getting fired. (Apple recovered with a different version of the Mac). In all the startups I've been involved with, except for one that went public, the "abandon fast" mentality is pervasive. You have to deploy patience. Don't quit too fast. As RW said - use early customer interviews to morph the product into something they will buy. That will give you confidence that an ad/marketing spend will pay off.

[@allenjones8208]

Should I build a landing page for lead generation before building the MVP?

[@MicroConf]

That can be a decent way to start. Then you have something to point people to as you talk about the idea.

[@user-tr7zv7el1s]

For someone with no working experience Where do we find these problems ?

[@MicroConf]

Finding ideas can be tough, but we made a video to help you out! kzbin.info/www/bejne/sJCofneql6dlqqM

[@getme.global]

It sounds like you tell people to be mercenaries. I think 🤔 value value value is the simplest way to go the framework google said before 10x to your best existing alternative. You need to shot very very high in your brain not just incremental the risk. Get better then a 9-5 job

[@hundredcaws]

Allright, but proffesor, is that all true?

[@tylerdane-com]

The algorithm recommending this to me feels like an intervention