Of late I have been privileged to catch up with budding entrepreneurs who are here to disrupt the market. The cool ideas they have and the conviction to make it big is indeed admirable.
Q. What gives a budding entrepreneur nightmares? 😤
We live in a world where in a fraction of a "Second" business dynamics change and if your GTM strategy is off by even days if not months, imagine the repercussions.
Q. What do they need?🤕
They want to get going and want to understand if there are SaaS product offerings that will set them up for success.
**The answer (hopefully!!!)**😎
This is an attempt to broadly categorize the business functions and map them with available SaaS offerings.
Some of the business functions include:✏️
1. Finance: Accounting, Corporate Finance, M&A, and others 📚
2. Internal Operations: Product Development, R&D, Employee Management, IT, Quality 📠
3. Marketing: Business Development, Sales & Operations 💻
4. Administration: Procurement, vendor management etc🏢
Sub Functions Include:✏️
1. Product Development and Operations: R&D, Design, Engineering, Supply Chain etc🚲
2. IT: Infrastructure, Software and Application Development, Data Management & Security etc🌐
- Legal & Compliance : Business Registrations & Licensing, Intellectual Property, Regulatory & Compliance💼
4. Customer Support & Services: Pre-Sales & Post-Sales Support, Help Desk, Issue Resolution etc🧑🌾
5. Strategic Planning and Mgmt: Business Strategy development, Business Model evaluation and evolution etc📆
Given the sheer scale, diverse and depth are the subjects in setting up the shop and running them efficiently. Any founder would need help from a wide range of investments and SaaS companies come in handy with customized solutions. 🏆🏆🏆
References:
1. spendflo.com/blog/top-saas-finance-tools
2. paddle.com/resources/saas-operations-manage..
3. geekflare.com/hrms-solution
#StartUp #BusinessLandscape #ProductManagement #PM #KPKR