article thumbnail

How to Optimize SaaS Development Costs

Up and Running

In the last decade, SaaS (Software as a Service) has become a very popular model for new software product development. The largest cost component of establishing a SaaS company is product development costs. This includes the design, development, launch, and enhancement of the SaaS application. .

Cost 158
article thumbnail

How To Succeed As A Product Manager

YoungUpstarts

It’s generally accepted to praise developers and designers for bringing these products to life but there is usually someone else behind the concepts and ideas. And this is the product manager who dictates the strategies and processes, controls the product’s lifecycle and ensures that it meets all the set demands.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Four Major Startup Stages That You Should Know About

YoungUpstarts

If there is a gap in the market, there will be demand. Product development. Now that you have a refined product idea and a team that can turn this idea into reality, the product development stage will start. Initial product development usually consists of prototyping and MVP. Prototyping.

Startup 113
article thumbnail

Lean Analytics

Startup Lessons Learned

Here's what they have to say about churn rates in SaaS businesses: The best SaaS sites or applications usually have churn ranging from 1.5% Mark MacLeod, Chief Corporate Development Officer at Freshbooks, says that you need to get below a 5% monthly churn rate before you know you’ve got a business that’s ready to scale.

Analytics 167
article thumbnail

Crazy! 189 Answers To The Top Startup Questions On Your Mind

maplebutter.com

what are the most crucial steps to be taken by a new tech startup when outsourcing major part of the tech to IT firms or outsourcing “product development” eg new social media website project? Near shoring development with your team (ex: your team is based in Canada / India) is cool, but not outsourcing. 5% I believe.