Episode 662 | Selling for Five Years of Runway, Profit vs. Revenue Multiples, and More Listener Questions (Rob Solo)

Startups For the Rest of Us

Rob Walling

Management, Entrepreneurship, Business, Marketing

4.8 • 792 Ratings

🗓️ 23 May 2023

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

In episode 662, join Rob Walling for a solo listening adventure where he talks through the key factors to consider in an acquisition, whether to sell a business for five years of runway and knowing when to move on from a SaaS app you built. Topics we cover: 1:15 - Switching jobs while bootstrapping 7:36 - Key factors to consider for an acquisition 18:57 - Taking a job as a founding engineer vs. starting a lifestyle business? 23:49 - Selling a business for five years of runway 27:47- Knowing when it is time to move on from a SaaS app you’ve built Links from the Show: The Art of Selling Your Business: Winning Strategies & Secret Hacks For Exiting on Top Deploy Empathy: A Practical Guide to Interviewing Customers The Mom Test: How to Talk to Customers & Learn If Your Business is a Good Idea When Everyone Is Lying To You Episode 628 I The 5 P.M. Idea Validation Framework MicroConf Europe MicroConf Youtube Channel If you have questions about starting or scaling a software business that you’d like for us to cover, please submit your question for an upcoming episode. We’d love to hear from you. Subscribe & Review: iTunes | Spotify | Stitcher

Transcript

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0:00.0	The big question is, can I find people to talk to you if no one will talk to you?
0:04.3	This is such a good lesson.
0:05.3	I've said this on the podcast before, but I think it deserves to be stated again.
0:09.6	It's that if you try to validate a product before you build it and you cold call, cold email, cold DM, run ads, whatever it is you do, and no one will talk to you about this problem?
0:21.1	How are you going to get them to talk to you once you're selling something?
0:31.2	Welcome to yet another episode of Startup for the Rest of Us.
0:34.7	I'm your host Rob Walling.
0:35.9	Today, I'm answering listener questions.
0:38.0	We've had an amazing influx of audio and video questions. And so I'm going to be digging into those today.
0:43.9	But before we dive into that, tickets for MicroConf Europe this October are available for sale.
0:50.8	MicroConf.comf.com.com. Europe is in Lisbon, October 1st through the 3rd. Speakers include
0:57.3	Michelle Hansen of Geocodeo, Sherry Walling of Zen Founder, myself, Stephen Anala Craven of
1:04.1	Stratus, and several others yet to be announced. It's going to be an amazing event. Tickets are
1:09.0	already flying off the shelves, as they say. Microwf.comf.com slash
1:13.7	Europe if you're interested. My first question is from Misha about switching jobs while bootstrapping a company.
1:24.5	Hi, Rob. My name is Misha. I have a question. Should I switch jobs while bootstrapping a SaaS company? We haven't launched yet. A planned is to launch in about two months. The reason I'm looking to switch jobs is while at my current gig, I can do the job easy enough and block out time to work in the SaaS product.
1:46.7	It comes with plenty of what I call emotional politics, things that are distracting things that
1:51.7	add emotional stress to the day and kind of sap motivation and focus.
1:56.8	The new job is more technical work, so it's a little bit less or quite a bit less on these
2:02.3	emotional politics because I can focus on doing software development, basically.
2:07.6	It also comes with a pretty significant pay increase of about 20%.
2:12.2	And that would be helpful since we haven't launched the company yet and it's more cash.
	...

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