All you need to start your Start-up journey!๐Ÿคฏ

Of late I have been privileged to catch up with budding entrepreneurs who are here to disrupt the market. The cool ideas they have and the conviction to make it big is indeed admirable.

Q. What gives a budding entrepreneur nightmares? ๐Ÿ˜ค

We live in a world where in a fraction of a "Second" business dynamics change and if your GTM strategy is off by even days if not months, imagine the repercussions.

Q. What do they need?๐Ÿค•

They want to get going and want to understand if there are SaaS product offerings that will set them up for success.

**The answer (hopefully!!!)**๐Ÿ˜Ž

This is an attempt to broadly categorize the business functions and map them with available SaaS offerings.

Some of the business functions include:โœ๏ธ

1. Finance: Accounting, Corporate Finance, M&A, and others ๐Ÿ“š

2. Internal Operations: Product Development, R&D, Employee Management, IT, Quality ๐Ÿ“ 

3. Marketing: Business Development, Sales & Operations ๐Ÿ’ป

4. Administration: Procurement, vendor management etc๐Ÿข

Sub Functions Include:โœ๏ธ

1. Product Development and Operations: R&D, Design, Engineering, Supply Chain etc๐Ÿšฒ

2. IT: Infrastructure, Software and Application Development, Data Management & Security etc๐ŸŒ

  1. Legal & Compliance : Business Registrations & Licensing, Intellectual Property, Regulatory & Compliance๐Ÿ’ผ

4. Customer Support & Services: Pre-Sales & Post-Sales Support, Help Desk, Issue Resolution etc๐Ÿง‘โ€๐ŸŒพ

5. Strategic Planning and Mgmt: Business Strategy development, Business Model evaluation and evolution etc๐Ÿ“†

Given the sheer scale, diverse and depth are the subjects in setting up the shop and running them efficiently. Any founder would need help from a wide range of investments and SaaS companies come in handy with customized solutions. ๐Ÿ†๐Ÿ†๐Ÿ†

References:

1. https://www.spendflo.com/blog/top-saas-finance-tools

2. https://www.paddle.com/resources/saas-operations-management

3. https://geekflare.com/hrms-solution/

#StartUp #BusinessLandscape #ProductManagement #PM #KPKR

0
Subscribe to my newsletter

Read articles from K. Praveen Kumar Reddy directly inside your inbox. Subscribe to the newsletter, and don't miss out.

Written by

K. Praveen Kumar Reddy
K. Praveen Kumar Reddy

I am someone who has failed many times, yet has not given up Worked in top-notch Industry leading enterprises [Salesforce.com, ServiceNow, Jda Software and others] on cash cow business impact deliverables[$50M ARR] Supply Chain Management, e-commerce, banking, SaaS - I am up for it Curiosity drives me Never ever going to stop learning (thatโ€™s my brain's daily feed)