saas_startup

I have been running a side-hustle SaaS for the last 7 years that has finally reached mid 6 figures. I am in a niche so further growth is unlikely. My time commitment is probably 10h a week (weekends) and I have one employee.

I do have a full-time career as a tech exec with mid 6 figures as well and maybe on the path to low 7 in the next 5 years.

I generally love to work and don't plan to stop, I am pretty good at avoiding burn out.

I do have a question for those who build a successful side hustles. Once your business started to generate a more serious money what did you do ? I do understand the general options (save cash, sell, reinvest to build better product) but looking for people stories to give me some food for thought. Leaving the job is not an option as I thrive working with people and running a small company would not work for my personality.

The only non-trivial idea that comes to my mind would be to reinvest all profit into hiring few employees on a crazy moonshot/research project that could potentially lead to serious money but this opposite against all my previous business experience (slow, steady growth with very efficient cash management)

I have been running a side-hustle SaaS for the last several years that is finally going to reach mid 6 figures over the next year. I am in a niche so further growth is unlikely. My time commitment is probably 10h a week (weekends). I do have a full-time career as a tech exec with mid 6 figures as well and maybe on the path to low 7 in the next 5 years. I generally love to work and don't plan to stop, I am pretty good at avoiding burn out.

I do have a question for those who build a successful side hustles. Once your business started to generate a more serious money what did you do ? I do understand the general options (take cash, sell, reinvest) but looking for people stories to give me some food for thought.

I am looking for books/blogs that cover a lifelong career in technology (or engineering). Most of the materials typically focus on singular engineering achievement (building Apple I/II (like iWoz) or sending a rocket to the moon (any books about Von Braun) rather than focusing how one builds a life-long career.

The closest I ever found was a post by Will Larson: https://lethain.com/forty-year-career/

I am currently at a director level and looking for a VP role. Over the last two years I have successfully founded a profitable SaaS business. My company is aware of the project and this is not an issue.

My question is to those at VP level whether I should be listing this project on my resume/LinkedIn. This is not compliance/IP question as if needed I can sell my shares. This is rather an optics question if it makes my resume look stronger or weaker given I founded the project while working at the company.

I am running a website with a high producer to consumer ratio. I am currently monetizing on the producer side through monthly subscription. On the consumer side I am unable to show ads but I am gathering quite a lot of information in terms of what consumers are looking at which are typically high value goods in a particular city (exotic cars). Is there a way for me to monetize on this information?

We are starting to offer our SaaS product to the clients. We incorporated a company and I am looking at what other things we should be getting.

The largest possible risk for us is that in a freak accident all our databases get wiped out and the clients need to go back to paper-based process or use another vendor. The service we offer costs $100 a month. I assume in first year we will make $20k or less. In T&C we have we don't guarantee that any level of service will be provided or the fact their data will be available to them at a constant basis.

I started an SaaS startup that is aimed at very specific hosting for civil engineers. I do have a basic product but to have something ready to general public I need additional 6 months and input from the engineers. The current costs of running the software are very low (~$100 a month). I developed the project in my evenings so there is not fixed cost there either.

I am talking to one engineering company as a partner and we are currently discussing how much I should be charging them. It is crucial for me to be able to have at least one company to partner with. I need them to provide me feedback on the features, suggest new ones and use their name on my website as a partner.

My question is how much I should be charging them such that they move from the legacy vendor to me. I could go as low as $0 given my very low running costs but my worry is that in a 6 months time when my services becomes popular I have to continue to service them while I will have multiple other clients that actually pay. Any ideas how I can structure the pricing ?