Build Your SaaS – bootstrap in 2021

<p>In this podcast episode, <a href="https://twitter.com/mjwhansen">Michele Hansen</a> (<a href="https://www.geocod.io/">Geocodio</a>) gives us an update on Section 174 and provides her take on "bootstrapping with kids."</p><p>Michele explains you can be a part of the <a href="https://ssballiance.org/">Small Software Business Alliance</a>, and fight Section 174. If you're in the USA, <a href="https://ssballiance.org/contactcongress.html">please contact Congress</a>! </p><p>In the second half of the episode, Justin and Michele talk about the challenges of balancing starting a business while you have young kids. For more on this topic, <a href="https://saas.transistor.fm/episodes/bootstrapping-with-kids">check out the last episode with Aaron Francis</a>.</p><p>For more context on Section 174, check out our <a href="https://saas.transistor.fm/episodes/act-now-before-its-too-late-section-174">previous episode with Michele</a>.</p><p></p><ul><li>(00:12) - Welcome</li> <li>(01:44) - Quick refresher on section 174</li> <li>(05:42) - Updates since last episode</li> <li>(09:09) - You can still help raise awareness</li> <li>(14:03) - What's happening next?</li> <li>(17:35) - How does this work on the accounting side?</li> <li>(20:24) - Anything else people can do?</li> <li>(22:41) - What advice do you give to people with families wanting to start a business?</li> <li>(26:44) - Did you try a few things on the side?</li> <li>(29:04) - Definition of success at the start</li> <li>(31:20) - Developing a business while raising a baby</li> <li>(35:13) - Survivorship bias in stories from new parents</li> <li>(37:52) - What should you consider when starting a business?</li> <li>(45:39) - Avoid magical thinking</li> <li>(51:44) - Some things are hard to think about until you experience them</li> </ul><br><strong>Thanks to our monthly supporters</strong> <ul> <li>Pascal from sharpen.page</li> <li>Rewardful.com</li> <li>Greg Park</li> <li>Mitchell Davis from RecruitKit.com.au</li> <li>Marcel Fahle, wearebold.af</li> <li>Bill Condo (@mavrck)</li> <li>Ward from MemberSpace.com</li> <li>Evandro Sasse</li> <li>Austin Loveless</li> <li>Michael Sitver</li> <li>Dan Buda</li> <li>Colin Gray</li> <li>Dave Giunta</li> </ul> <br><p>🎙️ <em>Podcast hosting is provided by</em> <a href="https://transistor.fm/?via=rubyblend"><em>Transistor.fm</em></a><em>.<br>📺 Learn </em><a href="https://transistor.fm/how-to-start-a-podcast/"><em>how to start your own podcast</em></a><em>!</em></p> <strong> <a href="https://www.patreon.com/jonjustin" rel="payment" title="★ Support this podcast on Patreon ★">★ Support this podcast on Patreon ★</a> </strong>