62. How to Start a Software (SaaS) Company with Trey Richards

Millionaire University

One of my favorite strategies is to either use software in an existing business or start and sell a software or SaaS product of your own. The possibilities are ENDLESS!

In this lesson, I speak with my good friend and business partner Trey Richards, who is one of the best software developers and just all around one of the smartest people I know and we discussed how to use software to either start a business or grow an existing business. Check it out!

00:00 Introduction and Personal Updates

01:45 The Power of Software in Business

02:28 The Magic of Software Development

03:38 The Importance of Mindset in Software Development

04:38 The Difference Between a Hammer Swinger and an Architect in Software Development

11:45 The Journey into Software Development

19:10 Understanding Different Types of Software

28:40 The Value of Owning vs Using Software

31:31 The Unique Scalability of Software

33:37 The Power of Software Development

33:53 Understanding the MVP Model

34:27 The Lean Startup Approach

35:14 The Importance of Scalability in Software

36:11 Building a Successful Software Company

36:41 The Reality of Starting a Software Company

37:08 The Journey of Five Oak

40:00 The Importance of a Business Plan in Software Development

43:56 The Potential of AI in Software Development

45:12 The Role of Software in HR

54:45 The Potential of Developing a Better Slack

57:54 The Importance of Choosing the Right Developer

01:00:55 The Power of Taking Action in Business

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