Chapter
The Importance of Capturing Early Stage Companies
37:55 - 41:30 (03:35)
By capturing early stage companies and offering them a simple product with the necessary features, businesses can create a customer base that will grow with them, rather than targeting later stage companies that need more complex enterprise functionality.
Clips
It's a difficult task to rip and replace software since the team is already trained on it, and all information and data are stored in that system.
37:55 - 38:26 (00:31)
Summary
It's a difficult task to rip and replace software since the team is already trained on it, and all information and data are stored in that system. Thus, it's why companies like Salesforce remain as a system of record, despite complaints.
ChapterThe Importance of Capturing Early Stage Companies
Episode#175 - Brainstorming Million Dollar Ideas with Elaine Zelby
PodcastMy First Million
The volume of companies at the early stage is a thousand times greater than the later stages that require enterprise functionality.
38:27 - 39:49 (01:22)
Summary
The volume of companies at the early stage is a thousand times greater than the later stages that require enterprise functionality. By creating a beginner version of the core eight things, companies can capture those early customers and offer a simple, bundled product that will encourage customer growth and retention.
ChapterThe Importance of Capturing Early Stage Companies
Episode#175 - Brainstorming Million Dollar Ideas with Elaine Zelby
PodcastMy First Million
In this episode, the speaker shares his experience of starting his own side hustle consulting gig, working with seed and series a founders on growth, and shares insights on how growth hacking comes after having a team and a product.
39:50 - 41:30 (01:39)
Summary
In this episode, the speaker shares his experience of starting his own side hustle consulting gig, working with seed and series a founders on growth, and shares insights on how growth hacking comes after having a team and a product.