In the Budget Estimation in the IT industry survey we ran last year, most of the respondents rated the accuracy of their estimates at a 7 out of 10, the rest fairly evenly splitting between 6 and 8 out of 10.
Is 70% accuracy good enough? How good can your estimations be? A 70% accuracy means that items are underestimated in 30% of cases — almost by one third!
If you are reading this, you are most likely well aware how difficult it is to accurately estimate time and workload. …
For the need of the Founders Kitchen Sink (FKS) project, where I am demonstrating how to bootstrap SaaS, I had to create a budget forecast for the project I’m building. I’ve tried to use existing tools available but found that they are created for funded startups, whereas bootstrapping is a different game, and budget tools did not apply to my situation.
I’ve decided to create a robust, simple tool that will help me to understand what is the timeline of the project from the financial perspective. I am aware that forecasts require a lot of factors to be considered, such…
In the React’s documentation, you may read:
Unlike componentDidMount or componentDidUpdate, effects scheduled with useEffect don’t block the browser from updating the screen. This makes your app feel more responsive. The majority of effects don’t need to happen synchronously.
I had one web app to upgrade, so it was an excellent opportunity to check whether the sentence above is right, especially about the “more responsive” part.
The app I was upgrading was running on React v16.2.0, whereas of the time of writing this, the current version of React is 16.13.1. When approaching this upgrade, I asked myself a question about…
In the previous article, I’ve highlighted the importance of Market Research. In the following entry, I will describe the primary information I am interested in before launching any project.
There is 4 essential information you must know about the market before you start working on your project. This information will define your product.
2. Situation, trends, forecasts
When in the past, people were facing a lot of problems and were missing the right tools. The challenge was in overcoming the technical obstacles and creating such tools. The market was open to new solutions. Currently, the market is stuffed with products and services, and customers are spending more time filtering offers. This situation makes us, founders, approach the market another way. We work on an idea that we think the market needs and then, we try to justify it is true, that this is something that would sell.
Some founders are that excited about their project that they…
In the previous article, I explained how important it is to look at your project from the market perspective, and that it’s essential to follow at least some basic principles when you work on your project on idea level. Now it’s time to discuss the idea that we are going to implement in the following weeks.
In the previous article, I’ve described three founder profiles which are individuals, a team of individuals, and companies. In this experiment, we’ll follow the individual path where I’ll play the Individual role, and I will show you how I’m bootstrapping software as a service platform. Before I start discussing the idea that we are going to implant in the following weeks, it’s vital to look at this idea that we are thinking about from different angles.
For over 5 years, I’ve been helping people to build their IT projects. During that time, I’ve learned a lot both from my clients as well as from projects I’ve been taking part in. I’ve decided to share my knowledge as I believe it will be useful for all of those who are thinking or are in-the-middle of creating their projects.
New challenges keep me running, so I’ve decided to begin a side project where I will show how I’m creating an actual SaaS project. Almost like inception. …
Helping businesses increase revenue and improve the accuracy of their cost estimations. Co-founder of The Beaverhead, solving challenges through custom software