Building, Buying, and Selling Small SaaS Businesses with Stuart Faught #251

Stuart Faught is the Founder and CEO of MiniHorse, where he helps first-time founders transition from corporate life to software business ownership through Ready-to-Scale™ SaaS business opportunities. A strong believer in the potential of vertical SaaS, Stuart focuses on helping entrepreneurs acquire and grow software businesses as long-term assets.Stuart has built and sold more than 20 SaaS businesses, gaining extensive firsthand experience across the full journey of building, operating, and exiting software companies. He is also the Co-Founder of Covington, a Revenue Intelligence platform for oral surgery groups. Based just north of Los Angeles, Stuart lives with his wife and four children and continues to connect with entrepreneurs interested in acquiring and growing SaaS businesses.In this episode we cover:00:00 - Intro01:29 - What Makes a Small SaaS Attractive to Buyers07:32 - Why Small SaaS Is a Great Path for First Time Founders09:57 - Why Vertical SaaS Wins13:45 - Growing SaaS From $0 to $500K ARR19:56 - Why Stuart Built MiniHorse24:00 - Profile of a Successful Franchise Founder26:24 - Stuart's Favorite Activity To Get Into a Flow State27:38 - Stuart's Piece Of Advice For His Younger Self29:02 - Stuart's Biggest Challenges at MiniHorse29:44 - Instrumental Resources For Stuart's Success31:26 - What Does Success Mean for Stuart Today33:12 - Get In Touch With Stuart Get In Touch With Stuart:Stuart's LinkedInMiniHorse WebsiteMentions:John RichardsAndrew GazdeckiBooks:Goals! How to Get Everything You Want by Brian TracyTag Us & Follow:FacebookLinkedInInstagramMore About Akeel:TwitterLinkedInMore SaaS Podcast EpisodesSaaS ConsultantsHow To Value Your SaaS Company