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Are you Spending too much on Software?
Manage episode 512303512 series 3694470
תוכן מסופק על ידי B. Scott Todd. כל תוכן הפודקאסטים כולל פרקים, גרפיקה ותיאורי פודקאסטים מועלים ומסופקים ישירות על ידי B. Scott Todd או שותף פלטפורמת הפודקאסט שלהם. אם אתה מאמין שמישהו משתמש ביצירה שלך המוגנת בזכויות יוצרים ללא רשותך, אתה יכול לעקוב אחר התהליך המתואר כאן https://he.player.fm/legal.
Most business owners think they need more software.
They're wrong.I see founders spending 67% of their revenue on SaaS subscriptions—working to fund their tools instead of themselves. That's backwards.
Here's the truth: you can't automate your way to revenue.
Software is for making existing work efficient. But if you don't have work worth making efficient, you're just burning cash.
In this video, I break down:
- Why spending $800/month on software when you're making $1,200 is a death spiral
- The "Digital Minimum"
- what a $50-100/month stack actually looks like
- My 10% rule: software should never exceed 10% of revenue (ideally 5%)
- How to audit, cut, and rebuild your stack the right way
- When to actually add software back (and the 2x ROI test)
I built a SaaS product that hundreds of people use monthly. And I'm always the slowest person in the room to add new software. That should tell you something.
Read the full breakdown: https://scotttoddwrites.substack.com/p/stop-automating-your-way-to-bankruptcy
Free resources:
Fix This Next for Real Estate Investors: https://www.fixthisnextforrealestateinvestors.com
My weekly newsletter: https://scotttoddwrites.substack.com/
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