A successful company can break in at least two ways: 1. It forgets why it won. It changes the pricing, the product and the pitch, and breaks the thing that was working. 2. It's stuck in the strategy that did win them their success, but they don't adapt when the world changes. (1/3)
Jason Cohen
Jason Cohen
@asmartbear.com
Keyword, buzzword, half-truth, adjective, hey look at me! (founder of two unicorns: http://WPEngine.com, http://SmartBear.com). Writing for 18 years at: https://longform.asmartbear.com
9.6K followers2.3K following8.6K posts
You picked a niche because being specific wins. Then you added a cheaper plan to reach more people. That plan fights your niche. Most segments ignore you 𝘣𝘦𝘤𝘢𝘶𝘴𝘦 you're cheap. Mindstamp's founder did this. We solved it on Smart Bear Live E10:
Userlist’s founders had a $1k onboarding fee in mind. My cohost Mariya Delano: “No, no, it needs to hurt.” She knows a one-person business that spent $20k on consulting fees alone. Smart Bear Live E11:
New Smart Bear Live E11 just dropped! About 50% of Userlist’s paying customers never fully set it up, and Jane Portman says they “didn’t dare” force onboarding. Cohost Mariya Delano and I workshop it with Benedikt Deicke and Jane Portman (Userlist):
Freemium is a fun way to grow, but often unprofitably. A normal free-to-paid rate is about 1%. So 99 of every 100 users need servers, engineers and support, and pay you nothing. That's why the freemium winners usually raised millions.
The newest Smart Bear Live (E10) ends with a founder saying: "Wow, I get to wake up and play this game every morning." That's the spirit of the whole show. Recommended:
Are you a product company or a consulting company? The test: if you stopped consulting for a customer, would they leave at once? Then you're consulting. We workshopped this with Brett Lindenberg in Smart Bear Live E10:
What’s the difference between blind obstinance and determination? Whether you are questioning, actively seeking evidence to the contrary, being introspective, with guidance like the questions in the second half of this post:
One of the many tricky things about strategy: Often the details are the key, and yet an 80-page detailed strategy is too hard to communicate or follow. Thus: Details in the making, simplicity in the write-up.
Open source is free like a puppy is free. (Vibe-coded software is worse.) You pay for everything after it: the food, the vet, the walks in the rain, the chewed couch. (1/5)
Open source is free like a puppy is free. (Vibe-coded software is worse.) You pay for everything after it: the food, the vet, the walks in the rain, the chewed couch. (1/5)
Companies think training videos cost $X00 to make. The real cost is X0,000 people-hours fake-"watching" videos. That's just one insight Brett Lindenberg, Jessica Malnik, and I found for Mindstamp in Smart Bear Live E10:
I learned to write by copying the styles of other writers and seeing what fit, and what 𝘳𝘦𝘢𝘭𝘭𝘺 didn't, and what else emerged. (1/6)
I learned to write by copying the styles of other writers and seeing what fit, and what 𝘳𝘦𝘢𝘭𝘭𝘺 didn't, and what else emerged. (1/6)
I learned to write by copying the styles of other writers and seeing what fit, and what 𝘳𝘦𝘢𝘭𝘭𝘺 didn't, and what else emerged. (1/6)
Stop calling it "tech debt" when your code breaks at 100x the load. Debt is a shortcut you take on purpose. Code that breaks at 100x is evolution due to growth. If you call it debt, your engineers feel like they failed. They didn't. The company grew.
Your stickiest customer may not be your heaviest user. My cohost on Smart Bear Live E10, Jessica Malnik, does positioning for B2B companies for a living. She found Mindstamp's stickiest customer: the one who cares about a certification "at the identity level." (1/4)
Your stickiest customer may not be your heaviest user. My cohost on Smart Bear Live E10, Jessica Malnik, does positioning for B2B companies for a living. She found Mindstamp's stickiest customer: the one who cares about a certification "at the identity level." (1/4)
Jason Cohen reposted
Replying to @asmartbear.com
One of my top 3 books of all time. No joke. No smoke. Already recommended it to many people. Using the skills daily. I can't express how on target and organized the whole package is (book, skills, etc). Slow 👏. As if I wasn't fan-boying enough, you go and do a thing like this.
“Delegation” means you still own it, but someone else does the work. That’s why “delegation” is not “team-building,” and doesn't scale. It buys you time; it doesn’t make the organization better. But "make the organization better" is your job.
When Microsoft entered our market at Smart Bear, they had everything a startup fears: money, a brand, and customers they could sell to tomorrow. Their code review feature in Visual Studio was a check-box. It said that, somehow, somewhere, a code review happened. (1/7)
When Microsoft entered our market at Smart Bear, they had everything a startup fears: money, a brand, and customers they could sell to tomorrow. Their code review feature in Visual Studio was a check-box. It said that, somehow, somewhere, a code review happened. (1/7)
When Microsoft entered our market at Smart Bear, they had everything a startup fears: money, a brand, and customers they could sell to tomorrow. Their code review feature in Visual Studio was a check-box. It said that, somehow, somewhere, a code review happened. (1/7)