MBA985 Q&A Wednesday: What would you do differently if you started your software company all over again?

The $100 MBA Show

Omar Zenhom

Entrepreneurship, Business, Careers, Marketing

4.8 • 2.2K Ratings

🗓️ 18 April 2018

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Hindsight is a beautiful thing.

What would we do differently? We’ve learned so much over the course of building and running our SaaS business, WebinarNinja. Of course, like many entrepreneurs, we wish we knew then what we know now! For this week’s Q&A Wednesday, we’re letting our mistakes be one listener’s guide — and yours.

From our tiny two-person startup, we’ve built a team of 30 that now administers a service with over 13,000 active users. From the creation of our first Minimum Viable Product, to imperfect decisions about pricing, team management, and design, there’s a million “do-overs” we’d love to have. Some decisions were small, others were huge.

But along the way, we did the most important thing entrepreneurs can do: learn.

Apply our lessons to your business. Take what we wish we’d done, and do it yourself! We think you’ll be glad you did, looking back. Click Play!

Transcript

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0:00.0	Heyo! Welcome to the $100 MBA Show! free ticket to a better business every single day
0:15.6	with our daily 10 minute business lessons for the real world. I'm your
0:19.9	host, your coach, your teacher, Omar, and home.
0:22.9	I'm also the co-founder of the $100 MBA,
0:25.8	a complete business training and community online.
0:29.3	If you're thinking about starting a business,
0:30.5	one of the first things you have to do is validate your business idea.
0:34.2	Make sure that you're actually building something that people want.
0:37.2	Well you're in luck because we have a seven-part video course and workbook though we'll show you exactly
0:41.7	how to do that. And best of all it's free.
0:44.1	Just go to 100 MBA.net to enroll for free.
0:48.1	Today's episode is a Q&A Wednesday episode where I answer a question from one of our
0:51.8	listeners. If you have a question from one of our listeners.
0:52.8	If you have a question you want to ask, just email me over at omar at 100MBA.net.
0:58.1	Today's question is from Patrick and Patrick asks,
1:01.0	what would you do differently if you started your software company all over again?
1:05.0	Oh, what a big question.
1:07.0	Of course, hindsight is 2020, so I'd love to share what I would do differently if I would do it all over again.
1:14.1	Some things are quite subtle, some things are a little bit bigger, and it's important to reflect
1:18.5	on questions like these because you might have to do it all over again at some point.
1:23.1	A new project, a new business.
1:25.0	Doesn't mean the old one failed, just means maybe another one.
	...

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