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Ask HN: Best resources on starting a lifestyle business?
After working in RevOps and sales for VC-backed startups for a few years, I'm considering creating a SaaS business that helps solve problems for a particular niche industry that interests me.
What are some resources that are useful to look at while I consider embarking on this journey?
My experience in RevOps & sales the last few years has been that so many influencers are trying to pitch you their guides and resources for a fee. It's made me suspicious of pretty much anyone selling their insights and made it hard to determine which are of actual value.
- Brycee 3y agoI don't know if its been mentioned already, but I thought the minimalist entrepreneur by Sahil Lavinga (gumroad founder) was good.
- tiffanyh 3y agoJust know though that gumroad originally took a bunch of VC money.
- greenie_beans 3y agopretty sure he talks about that in the book, using his experience as a cautionary tale. i think that's part of the book's central argument IIRC
- andyish 3y agoI've gone back to this comment so many times, it's not a clearcut guide as what to do but it has some valuable points in. https://news.ycombinator.com/item?id=1447467 https://news.ycombinator.com/item?id=1447467
- GoldenMonkey 3y agoFor ideas on what kind of saas to create and a community of builders. https://microsaashq.com/index.html https://microsaashq.com/index.html
- hermitcrab 3y agoI've been running a bootstrapped, lifestyle software business since 2005. I've linked to some articles you might find relevant here (for free!): https://successfulsoftware.net/starting-a-microisv/ https://successfulsoftware.net/starting-a-microisv/
- jawmes8 3y agoBig fan of your articles! I have a few bookmarked that I like to read every now and then
- hermitcrab 3y agoCool. I hope they are helpful.
- pcchristie 3y agoI nearly read your whole site after clicking this link. Thanks for creating/sharing.
- luismedel 3y agoI read you since the golden days in "The Business of Software" forums. Congrats for a successful career as a solo dev :-) BTW, I have the feeling that nowadays is way harder to live from "traditional" software than some years ago, except for some system software that a SaaS can't replicate, of course.
- hermitcrab 3y agoThanks. The downloadable software has been shrinking for years. But there is still a market and all the 'cool kids' are doing SaaS, so less competition.
- jmstfv 3y agoa few years ago, there was this forum for bootstrapped founders running small-ish, profitable, and mature internet businesses -- a spiritual successor to the Joel on Software's forum. it's been offline for a while, but the read-only archive is still accessible: https://discuss.bootstrapped.fm/ https://discuss.bootstrapped.fm/
- hermitcrab 3y agodiscuss.bootstrapped.fm is well worth a look. I miss Joel's Business of Software forum (I was one of the moderators) - sadly I don't think that is still available.
- cushychicken 3y agoThat’s a shame! I was wondering why it wasn’t available when trying to link to it the other day.
- hermitcrab 3y agoI think they stopped supporting the software that the forum was running on. Maybe someone has some huge text dump somewhere?
- Adrig 3y agoIn case you don't already know, the indiehacker community is now quite mature with a few folks sharing their stories and lessons up to a few $M of ARR. Microconf is also very high quality with great talks out there, a podcast and a slack community. Focused on SAAS software. Rob Walling, the founder, wrote a book recently. Not my area, but I heard good things about it. I also like the Tropical MBA podcast. They get stories from entrepreneurs outside the shiny bubble (agency owners, Amazon FBA, SEO software, affiliates, etc) Books that might interest you : Company of one by Paul Jarvis ; Profit First by Mike Michalowicz ; Other good resources for entrepreneurs: - Seth Godin & Robert Cialdini for marketing - The Mom Test (how to talk to your users) - Made to Stick (how to craft stories and narratives) - $100M offers & $100M leads by Hormozi (currently reading them, it's mainly common concepts put in a simple and actionable way)
- rwalling 3y agoThanks for the kind words, Adrig! (about MicroConf, my book, etc). I really do appreciate it. Some links to what Adrig mentioned: - https://www.indiehackers.com https://www.indiehackers.com - https://microconf.com https://microconf.com - https://www.startupsfortherestofus.com https://www.startupsfortherestofus.com (podcast) - My new book is https://saasplaybook.com https://saasplaybook.com - https://tropicalmba.com https://tropicalmba.com - the podcast for 7- and 8- figure founders I think everything else is pretty easy to find via Amazon/book website of your choice.
- Adrig 3y agoNice to see you here, Rob! Thanks for the links, keep up the good work :)
- petesergeant 3y agoI’m enjoying being a member of Ramen Club https://ramenclub.so/ https://ramenclub.so/
- OccamsMirror 3y agoWhat do you like about it? It feels like a lot of money for potentially little value?
- petesergeant 3y agoFriendly supportive community with a lot of knowledge. Had some very good answers to questions there
- dbbk 3y agoWow this is definitely a grift
- hansjan 3y agoWhy do you think that?
- OJFord 3y agoWith no reason for successful founders to be there!
- bensterne 3y agoIt's a great active online community of people actually building - all helping each other with their complimentary skillsets (product, designers, devs, growth) I just rejoined after not working on side projects for a while and find it a great value - super easy to network/find a cofounder too
- apexauk 3y agothe value is the community - it's a bunch of low-ego high-motivation folk all building and sharing their own journeys. if you already have a large relevant community around you or don't value connecting with peers so much then it might not be for you (nothing wrong with either of those).
- stanislavb 3y agoNot exactly a resource but more of an advice - learn software development. Unless you are familiar to some extent, you will always be dependent on a competent software engineer, and that will make it much harder to build a lifestyle business. Second advice, use Ruby on Rails or Django as a web framework and don't follow after the complexities of JS and other newcomers. Phoenix (Elixir) is awesome but that will require much more efforts and expertise compared to the established and time-tested Rails and Django. Good luck! p.s. I'm writing this as a person managing a lifestyle business (LibHunt & SaaSHub). p.p.s. I'd also recommend getting into the IndieHackers community for inspiration and shared experience.
- golergka 3y agoAs a JS developer, I second this. I love node, react and typescript, but they're great tools to build very complex web apps — think Figma or an in-browser IDE. If you're building a typical CRUD app and don't have a VC-backed budget, just use a Django or Rails.
- hermitcrab 3y agoContrary view. Your success running a lifestyle software business is likely to be far more dependent on your marketing skills and efforts that what what tech stack you use.
- deleted 3y ago[deleted]
- Glench 3y agoThis is one of the best resources I know for how to come up with good business ideas (which is probably one of the hardest parts if you've never done it before): https://www.indiehackers.com/post/how-to-brainstorm-great-business-ideas-ab51c3d51c https://www.indiehackers.com/post/how-to-brainstorm-great-bu...
- pictureofabear 3y agoThat was a great blog. Thanks for sharing!
- rovr138 3y agoWhat’s “lifestyle” in this context? I can think of a couple of meanings, but the first thing I’d recommend is a lawyer to figure out your language, privacy policy, exposure if using certain terms. For example results, quality, etc would need legal documents to basically say ‘results may vary’ based on jurisdiction.
- CrazyStat 3y agoA lifestyle business is a small business that’s designed to support the owner with a steady cash flow, rather than focusing on growth like a VC-funded startup.
- rovr138 3y agoThanks for that! I was thinking of focusing on others lifestyles. Things like food, exercise, shakes, etc
- hermitcrab 3y agoLawyers are very expensive and small startups generally don't have a lot of cash. Better to base EULA, privacy policy etc off boilerplate IMO. Unless maybe you are doing something unusual or potentially hazardous e.g. software controlling medical equipment.
- no_wizard 3y agoThere is a book called The $100 Dollar Startup. I’ve heard good things about it from some folks but I wanted to inquire on HN if it fits the bill. Its targeted at this exact scenario OP is premised with
- halfcat 3y ago> It's made me suspicious of pretty much anyone selling their insights and made it hard to determine which are of actual value. My experience from going down this road with trading financial markets, where there’s as much snake oil as anywhere, is: Try them. At least, to the degree you can afford, i.e. don’t spend your last $5k on some course that you’re counting on to save the day (it won’t). Basically none of them will be the silver bullet they claim to be. But you will learn. Even if it’s only learning how the grift works. That’s eye opening, and helps you to see who is offering real value and who is selling cognitive bias. Take the view that from any resource, you’re only looking to get a nugget or two. Eventually you’ll piece things together. Everything is basically just “the basics”, but understanding the basics in a logical sense is different than knowing how to operate those basics well.
- BenFranklin100 3y agoLifestyle businesses are underrated in my opinion. They are also more achievable than a multi-million exit, especially if a lifestyle business is the planned goal. A lifestyle business does have particular challenges however. Specifically, moving it from a stage two to stage three business as described in Scale by Finkel and Hoffman: https://www.amazon.com/Scale-Seven-Proven-Principles-Business/dp/1591847249?nodl=1&dplnkId=9bbe0786-cef0-41f0-af4b-371b6699d4a7 https://www.amazon.com/Scale-Seven-Proven-Principles-Busines... A stage 1 business depends on the founder doing the work; a stage two business depends on specific people doing the work; a stage three business has enough systems and checks in place that people are interchangeable. With a stage two business, a critical person leaving can threaten the entire business. This is a particular issue in the software field where people tend to job hop. Creating a stable lifestyle company that is more than a three or four person shop, thus requires a large and sustained effort to document all critical processes. Don’t underestimate this challenge.
- lettergram 3y agoI think life style businesses are fine, provided you’re the only one that’s not interchangeable. For instance, if I run a business and hire workers to develop features for the website and have a few people in the factory assembling widgets. It’s fine so long as I can approve the PRs and train up the next folks as needed.
- BenFranklin100 3y agoThat would be a ~ three or four person shop in my experience. It’s small enough that you the founder know how to do everything themself. That’s a fine business, but often it’s tough to take a vacation and leave it on autopilot for a few weeks. And heaven help you if you ever come down ill.
- lettergram 3y agoVacation for a few weeks? I never imagined taking weeks of vacation unless I’m between jobs or businesses. If you can take weeks, then you’re probably not needed at all or so sparingly an occasional email would do.
- j45 3y agoWhile lifestyle businesses are the first step in their process to free your own time to swing for something bigger, check out the Microconf channel on YouTube. Covers all the angles including for non technical founders.
- hermitcrab 3y agoWhy would you have to 'swing for something bigger'? Having a low stress, enjoyable and profitable small business is enough for some of us. https://successfulsoftware.net/2013/11/06/lifestyle-programming/ https://successfulsoftware.net/2013/11/06/lifestyle-programm...
- j45 3y agoYou don’t have to swing for something bigger at all. I promise you I’m on your side. I made the reference as the channel presents 3 incrementally larger ways to go from lifestyle to solopreneur.
- rozenmd 3y agoI keep a regular blog of what I learn as I build my lifestyle business, if you're interested: https://maxrozen.com/articles?q=diaries https://maxrozen.com/articles?q=diaries
- Leftium 3y agoDane Maxwell has done this himself multiple times, and he's trained others to do it, too: https://startfromzero.com/ https://startfromzero.com/ His method is based on focusing on the end-user and understanding them more than they understand themselves. Your suspicion is a natural objection, and Dane can teach you how to overcome such objections. Of course, Dane practices everything he preaches. If his marketing still leaves you suspicious, then maybe his method is not for you.