Some key insights I've gained while developing SaaS

Entrepreneurship may seem more liberating than traditional employment, but it comes with significant challenges. My years of experience in starting a business have taught me just how hard it is to achieve success with a product. Here are some key insights I've gained while developing enterprise-level SaaS: 1. Customer Understanding: The foundation of a successful product lies in precisely understanding your target customers. 2. Trust and Vision: In enterprise sales, building trust and articulating a clear vision are crucial. 3. Targeting Major Clients: Large clients are ideal targets; aim for a customer lifetime value (LTV) exceeding 50,000$ and an annual churn rate below 20% for a healthy business. 4. Product Development Cycle: The best approach is a continuous cycle of standardization, customization, and then back to standardization. 5. Customer Success: The key to customer success is deeply understanding their situation and needs, and providing tailored solutions—not, not just focusing on features. If you're a SaaS industry professional or entrepreneur, I'd love to connect and exchange experiences and methodologies. Let's discuss what’s working and how we can learn from each other!