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Build or buy a business. Which is better to become a millionaire?
r/Entrepreneur
6/28/2025
SAAS TOOLS
| SaaS | URL | Category | Features/Notes |
|---|---|---|---|
| Toptal | https://www.toptal.com/ | Talent Platform | Used for hiring senior developers |
| HubSpot | https://www.hubspot.com/ | CRM/Marketing | Lead tracking |
| Pulse for Reddit | Not specified | Social Media Monitoring | Watching competitor threads |
USER NEEDS
Pain Points:
- Lack of technical skills to build a business
- High cost and time investment required for building a business from scratch
- Difficulty in finding viable businesses to buy
- Risk of failure when buying or building a business
- Capital constraints for buying established businesses
- Need for expertise in scaling businesses
Problems to Solve:
- How to become a millionaire through business in 10 years or less
- Deciding whether to build or buy a business
- Finding reliable partners/teams to build or scale a business
- Reducing risk and increasing success probability
- Scaling an existing business effectively
Potential Solutions:
- Partnering with a growth team to build and market a business
- Outsourcing development and marketing to agencies
- Buying an established business and improving operations/marketing
- Using tools like Toptal, HubSpot, and Pulse for Reddit to monitor and grow
- Learning business fundamentals through recommended resources
GROWTH FACTORS
Effective Strategies:
- Outsourcing to specialized teams for cost efficiency (70-80% savings)
- Partnering with growth teams for building and scaling
- Buying established businesses and improving weak areas (e.g., marketing, operations)
- Using performance-based incentives for partners
Marketing & Acquisition:
- Omni-channel marketing for organic growth
- Using tools like HubSpot for lead tracking
- Monitoring competitors via Pulse for Reddit
- Organic traffic generation (5-7 new clients daily mentioned)
Monetization & Product:
- Fixed monthly cost model for outsourced teams
- Performance bonuses post break-even
- Building SaaS products as scalable business models
- Focusing on product-market fit before scaling
User Engagement:
- Weekly check-ins with partners for accountability
- Clear scope of work and targets (e.g., revenue or user targets)
- Community learning through recommended YouTube channels (Alex Becker, Daniel Fazio, etc.)