Episode 293: TMBA293: Start a Business This Weekend Using the Software With a Service (SWaS) Business Model
Tropical MBA: Entrepreneurship & Founder Lifestyle
Dan Andrews; Ian Schoen
4.9 • 527 Ratings
🗓️ 7 May 2015
⏱️ 38 minutes
🧾️ Download transcript
Summary
http://www.tropicalmba.com/swas/ I recently came across an article on TechCrunch that caught my attention, all about the rise of "Do-It-For-Me" businesses. Big businesses have been doing "Do-It-For-Me" for decades, but small businesses remain a relatively unconquered frontier. This is essentially about selling time to entrepreneurs, and I don't know anyone who does that better than Mat Newton from The Web Agency Podcast. He recently started what he calls a SWaS, or "Software With a Service" business called Tourism Tiger. Mat is joining us this week to talk about what the SWaS business model is and how it has changed the way that he does business.
Transcript
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| 0:00.0 | The CTO of WordPress is effectively my CTO. |
| 0:07.0 | Hey, podcast, listener. |
| 0:08.1 | Even if you are alone in your entrepreneurial journey, know that today, right now, |
| 0:11.9 | in your earbuds, you are joined by thousands of entrepreneurs from all around the globe |
| 0:16.2 | seeking to grow better, more profitable, location independent businesses. |
| 0:20.8 | If you'd like to learn more about what we do and download our entire back catalog, |
| 0:25.9 | check out tropical MBA.com. |
| 0:35.1 | I recently came across an article on TechCrunch called Why Do It For Me is the next big thing. |
| 0:41.7 | So it caught my attention. |
| 0:42.9 | Here's some research that that article cited. |
| 0:44.9 | One analyst recently cataloged nearly 2,000 marketing software companies alone. |
| 0:50.5 | That analyst also noticed that some companies were running 50 to 60 distinct software tools |
| 0:56.2 | just to manage the marketing function. And I think as small business entrepreneurs, we can relate |
| 1:01.1 | to this too. I mean, how many different SaaS products are you logging into or your team |
| 1:05.2 | logging into on a daily basis? And this article is citing this as a giant opportunity. The article goes on to say, |
| 1:12.8 | in practice, big businesses have been relying on do it for me for decades, but they've called it |
| 1:18.7 | BPO or business process outsourcing. Small businesses, however, remain an unconquered frontier and |
| 1:25.3 | obviously a gigantic market. But it's also complicated. Small |
| 1:29.4 | businesses have complex needs. But for an example, the article says, look no further than Intuit, |
| 1:35.0 | the king of business software. The majority of business owners who purchase its flagship product |
| 1:39.4 | QuickBooks, I'm a QuickBooks user, rely on a third party accountant to run it for them. |
| 1:44.6 | So what is this about? |
... |
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