Why I Was Hesitant to Build a SAAS Company (And Why That’s Changing)

Episode 940: Show Notes

I’ve always wanted to build a SaaS, but I never wanted to manage a full development team or take on the huge financial gamble of developing something; potentially before you even have users. But the game has changed — so much is different now! With the power of AI, much more is possible without the need to have a huge team to make it happen. For the very first time, I see a future where I can build the kinds of things I’ve always wanted to build, but without all of the friction that it used to take to make it happen!

SaaS has always matched my mission of wanting to help people in a very tangible way. Oftentimes, when you’re educating people or giving them direction, you don’t have a way to help them implement. That’s on them! For a lot of years, I’ve allowed that to be true. The appeal of software is that you get to give people a path to implement and make their lives easier. Not only are you giving them the tools and the strategies that are going to make things better, easier, and faster, you are giving them a tool! I’m finally taking the leap not only to educate but also to provide people with the tools they need to execute beautifully! 

Why I Was Hesitant to Build a SAAS Company (And Why That’s Changing)
Abagail Pumphrey of The Strategy Hour Podcast

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Why Now Is a Better Time than Ever to Start a SaaS Company

My hesitation about entering this space was never about running a SaaS company. There have been multiple opportunities for me to pursue this, and up until now, I said no! I feared that I would completely transition myself into management and not have the opportunity to be a creator anymore. But the rules of the game have changed! What would have taken a team five months to build out, you, as a single person, can build in days or weeks! When you think about the tools you were using a few years ago in comparison to now, it’s absolutely crazy how much has changed! And this is just the beginning. 

What Has Changed in the World of AI and Why It’s Going to Produce Rapid Results

Before now, the power of AI was only really available to larger enterprises and bigger companies. Today, there are tools that help smaller creators and smaller businesses develop their ideas, and this is what’s going to change the game. This is what will produce results for people rapidly! There are tools to help people in one way or another, but what I’m working on is really different! I asked myself: what tool do I need? And what tool, if I create it, would change the game for my audience? One of the first things to go out the window in a growing business is organization, and I realized it absolutely doesn’t have to be that way. That’s why I’m making a way to streamline those processes.

The One Thing I Want Small Business Owners to Know

If this has been a dream of yours, if you have had an idea that no one has executed before, I want you to know something: The things that you wish existed don’t have to stay thoughts in your head forever! They can be built. Running an online business is one of the lowest overhead things you can do and what I am building is going to provide another avenue for creators, entrepreneurs, and founders to build something without the huge upfront costs they may not have the ability to take on. You wouldn’t even need VC funding, which means you get to own your whole company!

How What I’m Building Could Work for You

Some of you are probably going wild with ideas already! But I also know that not all of you will be ready to take the leap into something that could transform your business completely.  

There are opportunities to build out smaller ideas that fit in the framework of what you’re already doing. We’re talking better lead magnets and better tools for your existing clients. And instead of using outside systems, the ability to build something custom to you is going to get so much easier! 

If you’re nosy and want to know what I’m building, check out ClickCopy.ai. I’m so excited about what this means for our industry and I can’t wait to get more of these tools in your hands in the future. 

 

Quote This

Now, there are tools that help smaller creators and smaller businesses develop their ideas, and this is what is going to change the game.

 

Highlights

  • Why Now Is a Better Time than Ever to Start a SaaS Company [0:02:43] 

  • What Has Changed in the World of AI and Why It’s Going to Produce Rapid Results [0:11:50]

  • The One Thing I Want Small Business Owners to Know [0:17:36]

  • How What I’m Building Could Work for You [0:20:44]


OUR HOST:

Abagail Pumphrey

Abagail on Instagram

Boss Project on Instagram | Facebook

Abagail hosts the twice-weekly podcast, The Strategy Hour, which is recognized by INC and Forbes as one of the best podcasts for entrepreneurs.

Key Topics:

AI, Apps, Business Optimization, AI Tools, Software


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