Questions

I am a seasoned tech professional who has had a reasonably successful fin-tech consulting firm with contractors and strategic development partnerships. I want to bootstrap as long as possible to maintain control, and have self funded to date through a low volume high margin businessmodel. I realize that to grow this product successfully it will take a decent support and dev staff. My strong suit is product development and user experience. Raising capital and sales and marketing are not my strengths and I have been reluctant to partner or take capital due to bad experiences in prior startups. Maintaining control has become a major mantra and I want to continue to grow as a business and as an entrepreneur.

Hi, I hope you are doing great!

First of all congratulations on your software development and your two successful beta clients.

I've been fortunate enough to develop some software too and help some solopreneurs pass the barrier from a couple of clients to scale.

You may already know that there are different ways for you to monetize your software, sell it, license it, charge an installation fee and a per user monthly or yearly fee, etc…

Now let’s say your software’s business model is to charge an installation and a monthly per user fee. If your two successful beta clients are big companies where they have let’s say 200 users each and they have been using your solution for more than 4 months, then I agree with you, you might be able to scale and I would gladly help you create a strategy to scale it.
However if your business model is the same and you have had only 2 successful beta tester with less than less users, I would probably wait to have more successful beta testers until you have a representative sample of the market you want to reach.
As per the idea or mantra you want to have control, there are many ways to accomplish this but you have to align it with the business model you define, that’s the baseline.

If you feel this answer was useful for you please upvote it and I’ll be glad to bounce some ideas regarding your issue, just contact me and we can also figure out a free clarity session.

Have a great day!


Answered 7 years ago

Unlock Startups Unlimited

Access 20,000+ Startup Experts, 650+ masterclass videos, 1,000+ in-depth guides, and all the software tools you need to launch and grow quickly.

Already a member? Sign in

Copyright © 2024 Startups.com LLC. All rights reserved.