How to build a SaaS business?

Are you thinking about starting a SaaS business? If so, you’re not alone. Statista estimates the worldwide SaaS market to reach $309B by 2023. The SaaS industry is booming, and there are many opportunities for entrepreneurs to get in on the action.

Starting a SaaS business can be a daunting task, but it doesn’t have to be. In this blog post, we discuss SaaS and why it is attractive

So, what exactly is SaaS?
The SaaS (software as a service) concept is a way for users to access the software through their web browser or other web-based application. Usually, SaaS products are hosted on the software maker’s servers, which is why they are called “hosted solutions” or “web-based solutions.”

What are the attractions?
Low overhead (no tangible cost of goods), recurring revenue that would bring in subscriptions every single month, and, of course, an awesome exit possibility. The SaaS business model sure does sound fantastic. But it is not as simple as it sounds. These are the ten steps you need to follow.

1. Develop a solution for a problem
2. Write up a lean plan
3. Validate your SaaS idea
4. Explore pricing models and initial customer acquisition
5. Establish your brand
6. Make it legal
7. Financing and funding
8. Build your product
9. Develop your go-to-market strategy
10. Establish metrics for success

Tips to make your office space comfortable for your team

A business’s heart and soul are its productivity. If you want your employees to be more productive, your office structure and setting could be the key.

When you are running a business, it’s important to create a comfortable and inviting office space for your employees. After all, they spend a large portion of their day in the office, so you want to make sure it’s a place where they can be productive and happy.

Most people spend a large majority of their waking hours in an office space. If you’re not comfortable in your office, it can have a negative impact on your productivity and well-being. Here are some tips to make your office space more comfortable for your team:

1. Make sure the temperature is comfortable.

2. Provide plenty of natural light.

3. Keep the noise level down.

4. Keep the space clean and uncluttered.

5. Make sure the furniture is comfortable.

6. Allow for personalization.

Advantages of investing in an IT park

The modern world is driven by technology. The advancement of information technology (IT) has revolutionised the way we live, work, and do business. To capitalize on this ever-growing industry, businesses need to have a physical presence in an IT park.

An IT park provides an environment that is conducive to the growth of technology businesses. A designated area earmarked for the promotion and growth of the IT sector, the advantages of investing in an IT park are manifold and have a direct impact on both the economy and society.

Here are the two main benefits for an entrepreneur functioning out of a technology park:

Proper Infrastructure  An IT park has the necessary infrastructure in place, such as high-speed Internet connectivity, uninterrupted power supply and connectivity to all parts of the city.

Incubation services Tech entrepreneurs may have the requisite knowledge of their product or service, but they rarely have any idea on how to start a company. Through incubation support, entrepreneurs have access to funding, labs, tools, mentoring, and marketing.

How to build a sustainable business

It is true that there is no single blueprint for creating a sustainable business, but there are steps businesses can take to increase their chances of success. As an entrepreneur, you want to build a business that will be successful and endure for the long haul. But what does it take to achieve this? Despite the fact that there is no one-size-fits-all solution, there are a few essential things you can do.

Inc. Magazine highlighted some key considerations: creating a company culture that supports employees’ well-being, being open to change, and not being afraid to experiment, top this list. Additionally, building a community of customers and partners who believe in the company’s mission is essential. Doing so early on can help establish trust and loyalty that will continue to pay off down the road. And that is not all. Here’s a list of key things to consider.

  • The most beneficial way to not only properly build, but also sustain a business, is to hire the best possible employees for your team.
  • Establish multiple revenue channels
  • Aim for long-term gains
  • Monitor your cash flow
  • Never compromise on your values
  • Don’t do everything yourself
  • Get Your Team Engaged In Your Sustainability Vision
  • Focus on your value proposition

The key benefits of working from the office

It is a given that Covid 19 pandemic has made working remotely an increasingly popular option for professionals. As technology advances and more businesses adopt remote work policies, the number of people working from home or other remote locations is likely to continue rising. However, as the world slips into a new normal, we feel that working from the office has its own benefits.

Firstly, you have a sense of community, you can bounce ideas off your coworkers, and it’s easier to collaborate on projects. Here’s a look at the four key benefits of working from the office.

Better collaboration
Did you know that business owners and employees may benefit from on-site collaboration not only because it is more effective, but also because it could be more profitable. In a study published by marketing software developer HubSpot, remote meetings generate on average 10.43 ideas, while in-person meetings generate on average 13.36.

Team building
Communication and collaboration are essential to the success of a team, and remote communication tools can only take you so far. Face-to-face interaction fosters trust and increases productivity by 30%. And it also helps in building a team that is effective and efficient.

Enhance culture
Employees, managers, and leaders who are supportive of one another are part of good company culture. Creating a successful culture is not impossible when working remotely, but it is likely to be more difficult. Is it possible to build strong working relationships with people you ‘work with’ when you work 100% remotely?

Focus on mental health
During the COVID lockdowns, 42% of employed people reported suffering from their mental health more than usual. In a staggering 90% of cases, the Coronavirus had at least some impact on patients’ mental health. In addition, 41% of employed people said they felt more anxious and isolated than ever during the lockdown. A return to the office, has helped ease loneliness and related stress.

So, what are you waiting for? It is time to get back to the office!

How does playing a sport help us develop leadership skills

Sports have always been considered an important part of one’s education. However, contrary to what many think, sports are not only about physical activity and personal health. They also help people develop leadership skills and team spirit. In this blog post, we will discuss four such benefits of playing sports that go beyond the field or court.

Teamwork
Teamwork is one of the most important lessons sports can teach you. Leaders need team-building skills to be role models and effective in their leadership roles. The development of team-building skills at the workplace can positively influence group projects, campaigns, employee engagement, and motivation.

Communication
Communication is an essential skill for a great leader. You cannot play a team sport without effective communication. Finding a way to communicate effectively in any situation helps a leader succeed in business.

Strategic Development
Every game needs a strategy if you want to be a winner. Sports and team activities give opportunities for participants to come up with a game plan and strategies to win.

Decision Making
Great communication, teamwork and strategy are just not enough. One needs decision-making skills too. Playing a sport makes you prepped to think on your feet and execute difficult decisions fast.

And that is not all. Sports also help you realise the value of Practice and Preparation, Overcoming Adversity, and dealing with Success and Failure. It also trains you in self-discipline.

Heard of virtual office space?

As the world becomes more and more digitized, an increasing number of people are working remotely. According to GlobalWorkplaceAnalytics.com, telecommuting has grown by 103% since 2005. And according to a study by FlexJobs.com, the number of people who worked from home at least part-time increased by 115% between 2005 and 2015. In a post-Covid 19 world, these figures have touched an all-time high.

So, what’s a virtual office?

Virtual office space is a type of office space that allows you to work from anywhere with an internet connection. This could be your home, a co-working space, or any other location that has the necessary equipment.

With a virtual office, you have access to all of the necessary tools that you need to run your business, including a physical address for your business and mail handling.

This is an excellent option for entrepreneurs and small businesses who want the perks of working from an office without the hassle or expense. A virtual office can be used by entrepreneurs and small businesses as a way to project a professional image and enable them to take advantage of all of the services offered by a physical office, such as answering phones, mailing addresses, and meeting spaces.

What are the benefits?

The benefits of virtual office space are many. Perhaps the most obvious benefit is cost savings. With no need to pay for or maintain a physical office space, companies can significantly reduce expenses related to occupancy, equipment, and supplies. Moreover, by utilizing advanced technology tools such as video conferencing and online meeting software, workers can collaborate with colleagues and clients from anywhere in the world at any time. This flexibility allows employees to work from home, save on commute costs, and balance work and family responsibilities more easily.

What is a Collaborative Workspace?

Creativity flourishes in an environment of collaboration. A great deal of evidence corroborates this, both for individuals and teams. When people come together to share their diverse ideas, they can generate more novel solutions. The reason for this is that we are constantly influenced by the thoughts of those around us. Our brains are hardwired to constantly scan our environment for information that is relevant to our current task. When we expose ourselves to a variety of different viewpoints, we increase the number of potential connections between ideas. And this is one of the main reasons why collaborative workspaces are in high demand now.

A collaborative workspace is a work environment where like-minded entrepreneurs, teams, and digital nomads from a wide variety of industries work side by side and share ideas and collaborate on projects. The physical space might be an office, a cubicle, or even just a designated corner of a room. The important thing is that the space is designed for collaboration, with suitable furniture and equipment, and that team members are encouraged to use it. Such workspaces can help team members feel more connected and engaged in their work, which can lead to better results.

Key benefits of a collaborative workspace are

  • Access To New Ideas
  • Networking opportunities
  • All-inclusive amenities & Cost-efficiency
  • Agility to move at the speed of business
  • Tech-enabled workspace in prime locations

At Kerala IT, we understand that collaborative workspaces are in huge demand. We have great collaborative workspaces – including warm shell offices and plug and play spaces at all three tech parks in the state. Do get in touch with us for more details.

3 creative ideas for resumes

A resume is your first step in making an impression for the dream job you want. Every company goes through a thousand applicants when they are hiring. In that frenzy, you’d want yourself to stand out. To make an impression or to be unique is a daring task to do, and that’s why here are 3 creative ideas for resumes to help you make an outstanding impression.

Use designing software
Try to use graphic design software or templates when you’re making your resume. If you are applying for the job of a designer or want to stand out as a creative person, a creatively designed resume will give you more chances than the regular, conventional ones

Express yourself
Showcase who you are and your unique skillsets to make you stand out from the sea of applicants

Focus on the company
Focus on what kind of resume your target company might be interested in and tailor your resume around that. A well-designed resume can grab the attention of a designing company, whereas a video resume format can impress people looking to hire video creators.

What are the 3 major skills required for entrepreneurs?

Since entrepreneurship has grown to be a kind of lifestyle rather than a business, there is a need to properly acknowledge the skills an entrepreneur should require to begin their journey. The process of entrepreneurship entails much higher risk than any other business as they might be progressing through unconventional routes. To achieve success in the journey, every entrepreneur should have skills that can make them stand out from the rest. From those, the main 3 identifiable skills are:

Communication skills
It is essential for an entrepreneur to have strong communication skills to properly convey ideas to clients, interact with teammates and become a good leader. A higher degree of verbal and non-verbal communication skills is key.

Business skills
It will allow entrepreneurs to properly manage a business and to identify that the business goals are being met. Business skills include proper team management, multitasking, and taking crucial business decisions.

Critical thinking skills
It is an extremely important skill for an entrepreneur to have critical thinking skills as it will help them to make rational decisions by objectively analyzing information.