DO NOT DO THAT! ❌

Spend absolutely as little as possible on monthly SaaS in both your personal life, and for your business. New SaaS & new expenses will always present themselves. Save for things that right now you don't know you're gonna need. Think about your $19 dollar a month subscription, or whatever it is. Over the course of a year, what did it cost you PER USE? Cancel all your SaaS, even if you feel locked in. You can always sign up again, it's not that hard to reconfigure stuff.

DO NOT DO THAT! ❌ - is a very cool hook :)

I have a few. 1. You don't have to play big business. As in, if it's working, don't do things that giant businesses, who have basically unlimited budgets, do. For example, when I started making good money, I hired top agencies to rebuilt the site, run marketing, etc. and thought, "I need the best" so I hired super expensive agencies. It was mostly a waste of money. I should have continued to do it myself until I really really understood it, then hired someone, even a freelancer to take over. 2. Grow too fast. You need to really focus on a solid foundation. Build the base of the business and then grow 1 avenue at a time. Make sure it's also solid before adding another. This leads to the next one. 3. Focus on organic. Whether it is SEO, social media, affiliates, etc. You want organic revenue that can balance out paid acquisitions. If things get rough for a while, it will help float you until you figure it out. 4. Be careful with debt. Be slow to spend money, and quick to stop. Going along with number 1, make sure your finances are solid before expanding too much. Make sure you have some emergency funds, make sure you set money aside for taxes, make sure your expense account is getting the proper funds each month. If things are going down, be VERY careful with debt encase it takes longer to correct than expected.

@aglan Can you share your thoughts?

Mistakes happen, but let's learn from them. One common startup error is ignoring market feedback. Stay open to criticism for continuous improvement in your entrepreneurial journey.

Following for tips, Thanks @samirrashed

Don't copy your competitors. They're constantly trying to improve their product/service meaning that they always have something new to reveal. If you copy them in terms of how they currently do things, you're always one step behind and that's a lot!!

Oh, absolutely! Sharing insights is like debugging code – crucial for a smooth performance! Avoid the "All-in-One" approach while starting up; focus on mastering one thing at a time to steer clear of overwhelm. Trust me, it's like multitasking on a single-core processor – not pretty! 😄

Don't send too many cold mails too fast... warm your mail address or your mail provider will block you :(