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Mark Douglas

๐Ÿ‘ค Speaker
230 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Do these 9 things to ensure your way to $50 Million ARR

unless we have some kind of contingency that happened.

SaaS Interviews with CEOs, Startups, Founders
Do these 9 things to ensure your way to $50 Million ARR

But this is a great way.

SaaS Interviews with CEOs, Startups, Founders
Do these 9 things to ensure your way to $50 Million ARR

It's very simple, very simple chart, but you can really keep your company on track with delivering your objectives.

SaaS Interviews with CEOs, Startups, Founders
Do these 9 things to ensure your way to $50 Million ARR

And then we take it down a step further and we have a KPI, some kind of measurement for everybody in the company that's all directed up to the goals of the person.

SaaS Interviews with CEOs, Startups, Founders
Do these 9 things to ensure your way to $50 Million ARR

I know this is a bit of work sometimes, but you got to measure this either weekly or monthly.

SaaS Interviews with CEOs, Startups, Founders
Do these 9 things to ensure your way to $50 Million ARR

Don't so the minimum we do is a monthly KPI review of everybody, every department.

SaaS Interviews with CEOs, Startups, Founders
Do these 9 things to ensure your way to $50 Million ARR

And it's super important that you have this involved because then that'll keep you on target for your your your plan as well.

SaaS Interviews with CEOs, Startups, Founders
Do these 9 things to ensure your way to $50 Million ARR

And then just as important is that financial model.

SaaS Interviews with CEOs, Startups, Founders
Do these 9 things to ensure your way to $50 Million ARR

So every department is empowered to have their own budget, their own resources, and we align that into the financial model.

SaaS Interviews with CEOs, Startups, Founders
Do these 9 things to ensure your way to $50 Million ARR

And my CFO meets every month with the department head, and they look at the budget.

SaaS Interviews with CEOs, Startups, Founders
Do these 9 things to ensure your way to $50 Million ARR

Are you on target with your KPIs, your objectives?

SaaS Interviews with CEOs, Startups, Founders
Do these 9 things to ensure your way to $50 Million ARR

Do we hire your resources?

SaaS Interviews with CEOs, Startups, Founders
Do these 9 things to ensure your way to $50 Million ARR

Are you on target with your expenses?

SaaS Interviews with CEOs, Startups, Founders
Do these 9 things to ensure your way to $50 Million ARR

And it gives you a little bit of flexibility to roll because you're able to then, if you're having a bad quarter, you can go, well, let's slow down the hiring and then maybe relax on some of the objectives because that gives you the ability to still maintain your number one goal, which is your profit, right?

SaaS Interviews with CEOs, Startups, Founders
Do these 9 things to ensure your way to $50 Million ARR

And then the final thing under strategy is, obviously, you all know this, we have to develop great software.

SaaS Interviews with CEOs, Startups, Founders
Do these 9 things to ensure your way to $50 Million ARR

So I just wanted to share a few things from my experience on what I think are really important aspects to developing great software.

SaaS Interviews with CEOs, Startups, Founders
Do these 9 things to ensure your way to $50 Million ARR

We have this thing we call shiny objects in the company, and we really got to stay away from shiny objects.

SaaS Interviews with CEOs, Startups, Founders
Do these 9 things to ensure your way to $50 Million ARR

Stay focused on your goal.

SaaS Interviews with CEOs, Startups, Founders
Do these 9 things to ensure your way to $50 Million ARR

That's a huge thing.

SaaS Interviews with CEOs, Startups, Founders
Do these 9 things to ensure your way to $50 Million ARR

I'm probably the biggest culprit that has created problems for shiny objects.