There is a point in the software start up lifecycle when those with a good idea begin to move out of the proverbial ‘startup garage’ environment and dive into a sea of critical questions, such as: ‘What’s next?’ and ‘How do we scale our business to ensure it is profitable, sustainable and meets our end goals?’.
How a startup defines success, where that journey takes it and where the company ends up are all very difficult paths to predict. But there is a universal point in the journey of every startup: the point where demand outstrips the company’s ability to manage it sustainably. Many startups reach this point sooner than expected. And when customers happen to meet them at this intersection, bad experiences with the brand at that moment can end up dictating customers’ willingness to engage with the company in the future.
It’s impossible to predict with absolute certainty how the market will respond to a new technology, and it’s just as difficult to predict when and where growth will occur as a result of this response. With that, software startups can learn from the experiences of other successful software companies.
Download this e-book to understand what are the metrics that matter for Software Startups.
Also, learn from Docusign’s journey from startup to global enterprise. Implementing NetSuite OneWorld, DocuSign has realised benefits such as:
- Rev rec processes decreased from nine days to a few hours
- Month-end close process (which previously took weeks) are completed in just days
- Multi-currency business is conducted with ease.
- Unified, cloud-based financials ensure end-to-end visibility when the company begins leveraging additional NetSuite capabilities such as CRM.
- Sales can easily provide quota builds with multiple quarter-based reporting, empowering them to beat and exceed forecasts.