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How to calculate a SaaS startup budget
A third of startups end up closing shop for the simple reason that they run out of money. Don’t let that be you.
DashThis has been in the automated digital reporting business for almost 8 years now, but we started out like most SaaS businesses out there: in our founder’s basement. The fact that we deliberately avoided venture capital funding made conscious spending not only important but necessary.
So although there is no magic formula for entrepreneurial success, every entrepreneur knows that developing a great product and starting a new business requires a fair amount of money.
Related article: How to start a business with no money
So how do you know where you can afford to spend your money, and where you can’t afford not to?
Well, in 2017, DashThis hit number 58 on the Growth 500 (the list of Canada’s Fastest-Growing Companies). So although it’s been a complex, winding road to get here, one thing is for certain: our 1,302% 5-year revenue growth is entirely thanks to spending where it counted, and holding on to our pennies where it didn’t.
Here’s how we did it.
What you do: your product
