Ram Sam’s Post

Why Parker Conrad Believes Traditional Business Software Advice Has Been Misguided: A Deep Dive 🛠️ For 20 years, the standard advice for software startups has been to focus narrowly and go deep. Parker Conrad, founder and CEO of Rippling, thinks this approach is flawed. He argues that businesses end up managing too many separate software tools, leading to inefficiency and high costs. Rippling aims to solve this by offering an all-in-one solution that integrates various business functions, from payroll to IT. Conrad believes the key is to build a system where multiple applications run on the same platform, making data sharing seamless and user experience consistent. This horizontal approach may be particularly valuable during economic downturns when businesses look to cut costs by consolidating software solutions. As the market changes, Rippling's integrated system could be more resilient and attractive to customers. What do you think of Conrad's perspective? 🤔 Is the era of narrow-focus software coming to an end? #BusinessSoftware #Innovation

Future of Work Tech entrepreneurs, are you maximising your SaaS company's value? In today's dynamic market, understanding the key drivers of SaaS valuations is crucial. From recurring revenue to scalability, these factors significantly impact your company's worth: 1. Recurring Revenue: Predictable income streams are gold in valuations 2. Scalability: The ability to grow without proportional cost increases 3. Customer Retention: Lower churn rates signal customer satisfaction 4. Market Size: Addressing a large, growing market boosts potential 5. Competitive Advantage: Unique features or IP can command premium valuations Are you leveraging these elements in your business strategy? Optimising these areas can position your company for a successful exit or fundraising round. Are you maximising your SaaS company's value? #FutureOfWork #SaaS #Technology #EdTech #HRTech #WorkTech #WellbeingTech #MergersAndAcquisitions #InvestmentBanking

Scaling a software business isn't just about the platform — it's an art. An art that blends strategy, innovation, and the right investment partner with the skills to drive growth. Imagine scaling Mount Everest. Now, picture doing it without the right gear or a seasoned guide. That's what scaling a software business feels like without the right investment partner. It's not just about the capital; it's about the journey and the expertise they bring to navigate the treacherous terrains of the market. Here's the twist - the real challenge isn't finding an investor. It's finding the RIGHT investor. An investor who sees beyond the platform to the impact your software can have with the customer and in the market. If you have a software business, are in the construction market, and the business has revenue, let's talk? #mindthegap #founder #ceo #technology #innovation #business #b2b #digital #Saas #investment #acquisition #scaleup

Imagine you're eyeing an opportunity where the heavy lifting has already been done. You’re stepping into something that's already generating income. Now, think about a business model that scales effortlessly, has low overhead, and can reach customers globally without the need for physical products or infrastructure. That’s where SaaS (Software as a Service) businesses shine. It’s like getting a head start in a race—you’re not just buying a business, you’re buying time, momentum, and the stability of recurring revenue. When done right, these types of investments can become the golden goose that keeps on giving. No stress, just cash flow. #SaaSbusiness #recurringrevenue #investmentopportunity #onlinebusiness #passiveincome #businessmodel #digitalentrepreneurship

📊 We're witnessing a structural shift in tech, and it's time to add new chapters to our playbook. With VC firms "bleeding cash" ($60B shortfall in 2023) and the IPO market in deep freeze, and Serie-A and B funding all but gone, smart early stage (pre-series A) B2B software companies need to realize that you don't have to choose between being a product company or a services company. Here's the opportunity I see: While the core SaaS offering remains the foundation, professional services can be a powerful revenue accelerator. This isn't about pivoting away from software - it's about maximizing the value of every customer relationship. Think about it: - Your SaaS platform gives you differentiated capabilities that traditional consulting firms can't match - Your deep product knowledge positions you as the ideal implementation partner - You can offer high-margin transformation services that are uniquely enabled by your software - Every services engagement drives deeper product adoption and stickiness The economics are compelling: - Pure SaaS might get you $50k ARR per enterprise client - Adding strategic services can 3-4x that revenue with the same customer - Plus: Services revenue can fund product development without dilutive capital raises This isn't just survival strategy - it's an intentional evolution of the B2B tech model for an era where: - Companies need to show paths to profitability sooner - Customers demand more complete solutions - Smart money values sustainable unit economics over pure growth The best part? This hybrid model compounds. Every client engagement makes your software smarter, your services more valuable, and your product stickier. The era of "growth at all costs" is evolving into something more sustainable: Product-led growth, augmented by high-value services that accelerate revenue and deepen customer relationships. #TechStrategy #BusinessModel #StartupStrategy #SaaS #ProductLedGrowth https://lnkd.in/gXrDTDq5

Review and Information: “The Complete Guide to Software as a Service (Revised Edition): “Software as a Service (SaaS) is about delivering innovation without the hassle. It empowers businesses to focus on their core operations while leveraging cutting-edge technology.” #SaaS #SoftwareAsAService #TechInnovation #Entrepreneurship #BusinessGrowth #DigitalTransformation #TechStartups #SoftwareDevelopment #BusinessStrategy #CloudComputing #SaaSBusiness #TechTrends #AdTech #Monetization #AffiliateMarketing #DigitalMarketing

🚀 Team Boast stopped by SAAS NORTH Conference in Ottawa last week to spread the word about how #saas leaders can cash in on their #innovation to maximize their #growth. In our latest blog, we round up some of the excellent connections we made with stakeholders across Canada's #software ecosystem: https://lnkd.in/eRZMaN-J This includes interviews with leaders from saascan, Knak, Fellow - AI Meeting Note Taker, and many more, as well as highlights from the floor. #taxcredits #funding #research #development #productdevelopment #scalability

Before you can secure investment capital, you need strong #runway, to give potential investors peace of mind. 💰 Here are some of the best ways to build a strong future for your B2B #SaaS company, attract the right investors, and take the first steps towards major growth and a brighter future. Read the full article ➡ https://lnkd.in/gub-5_JF

Businesses 𝗹𝗼𝘀𝗲 𝘂𝗽 𝘁𝗼 𝟯𝟬% 𝗼𝗳 𝘁𝗵𝗲𝗶𝗿 𝗽𝗿𝗼𝗳𝗶𝘁𝘀 because of 𝗶𝗻𝗲𝗳𝗳𝗶𝗰𝗶𝗲𝗻𝘁 𝗽𝗿𝗼𝗰𝗲𝘀𝘀𝗲𝘀 yearly. (source: Entrepreneur Media) Yes, that’s a very huge number! As a founder of B5 Digital, a digital agency for custom software and SaaS, I’ve worked with many founders and decision-makers who wanted to scale their businesses.–– – ❑ The key question for businesses scaling with tech is this simple: → 𝗛𝗼𝘄 𝘄𝗶𝗹𝗹 𝘁𝗵𝗶𝘀 𝘀𝗮𝘃𝗲 𝗺𝗼𝗻𝗲𝘆 𝗼𝗿 𝗺𝗮𝗸𝗲 𝗺𝗼𝗻𝗲𝘆? Simply, businesses need to be profitable. This will be dictated by your answer to the question above. ❑ 𝗦𝗼 𝗵𝗼𝘄 𝗱𝗼 𝘆𝗼𝘂 𝘀𝗮𝘃𝗲 𝗺𝗼𝗻𝗲𝘆 𝗳𝗼𝗿 𝘆𝗼𝘂𝗿 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀? One way is streamlining your unique workflow and process automation. ❑ 𝗔𝗻𝗱 𝗵𝗼𝘄 𝘁𝗼 𝗱𝗼 𝘁𝗵𝗮𝘁 𝘄𝗶𝘁𝗵 𝘀𝗼𝗳𝘁𝘄𝗮𝗿𝗲? By building custom software automation that is: ↳ 𝗛𝘆𝗽𝗲𝗿𝗶𝗻𝘁𝗲𝗴𝗿𝗮𝘁𝗲𝗱 with your current workflow, team, and tech stack. ↳ Carefully addressing your 𝘂𝗻𝗶𝗾𝘂𝗲 𝗯𝗼𝘁𝘁𝗹𝗲𝗻𝗲𝗰𝗸𝘀 and efficiencies. ↳ Flexible, scalable, and 𝗮𝗴𝗶𝗹𝗲 for changes in the future. – Going back to the statistics I started with: 𝗪𝗵𝘆 𝘀𝗲𝘁𝘁𝗹𝗲 𝗱𝗼𝘄𝗻 𝘁𝗼 𝗮 𝗺𝗮𝘅𝗶𝗺𝘂𝗺 𝗼𝗳 𝟳𝟬% 𝗼𝗳 𝘆𝗼𝘂𝗿 𝗽𝗿𝗼𝗳𝗶𝘁𝘀 𝘄𝗵𝗲𝗻 𝘆𝗼𝘂 𝗰𝗮𝗻 𝗽𝗲𝗮𝗸? Get rid of workflow inefficiencies. Scale with automation today. 𝗣.𝗦. Have any questions about how automation can scale your business? Book a 𝗙𝗥𝗘𝗘 discovery call from my featured section in 1 click. Let’s talk growth today! – #customsoftware #customizedsoftware #bespokesoftware #softwaredevelopment #agile #efficinecy #growth #scale #developer #software #tech #b5digital #agency #owner #businessgrowth