Summary
In this episode, Sean discusses the pendulum shift from growth at all costs to cost-cutting in the B2B SaaS industry due to changing macroeconomic factors like inflation and interest rates. He highlights the implications for building and selling B2B SaaS applications and recommends building a sustainable business by being fiscally responsible and controlling your own destiny.

Key Points

• Interest rates and inflation have made everything more expensive, leading to cost-cutting measures.
• Multiples for selling B2B SaaS applications have decreased significantly from historic highs.
• Building a sustainable B2B SaaS business requires being fiscally responsible and understanding your profitability.
• Reinvest earnings back into the business to reach desired growth.
• A bootstrap approach and part-time work can be advantageous.
• Working in the target market industry is a bonus for building a B2B SaaS application.
• Managing your own product and business in a fiscally responsible way allows for greater control over your destiny.

Quotes

• "There's been a major pendulum swing in the direction from growth at all costs to cost-cutting." (00:15 - 00:23)
• "Highly recommend controlling your own destiny by managing your own product and your business in a fiscally responsible way." (05:53 - 05:58)

Free Email Course

• How to Build a Profitable AI-Powered B2B SaaS Business for Less Than $750

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Free Email Course

• How to Build a Profitable AI-Powered B2B SaaS Business for Less Than $750 - https://nxtstep.io/b2bsaas

Connect with Sean

• Subscribe to my YouTube Channel - https://www.youtube.com/@nxtstepsean
• Connect with me on LinkedIn - https://www.linkedin.com/in/sean-boyce/

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