Although I'm not quite at that point yet (very close)...
1) SaaS w/ monthly subscription
2) I'm about 8 months in and monthly revenue has finally ramped up to a point where, if I were to make this much each month, profits would be well over $50k
3) The biggest hurdle has been customer acquisition. The first chunk of customers I got through a deal when starting the company. The rest have been a struggle. Managing marketing efforts while still hacking all day is a lot of work. I also have no real internet marketing experience. One other hurdle has been dealing with a deadbeat co-founder.
4) I started with one co-founder but he has since gotten a job and I have quit mine. I'm working 100% full time on the startup and he hasn't contributed more than an hour in the past 4 or 5 months, so it's pretty much just me.
I got kind of lucky here because my company grew out of the failure of my old employer. They basically ran out of money and sold themselves to a very large company. That company didn't want a subset of the users, so we offered to purchase them. I just used the same pricing scheme as my old employer did to make the transition for the old users as palatable as possible to increase the amount of people that stayed on through the migration from my old company to my new company. It worked fairly well as close to 80% stayed on.
1) SaaS w/ monthly subscription
2) I'm about 8 months in and monthly revenue has finally ramped up to a point where, if I were to make this much each month, profits would be well over $50k
3) The biggest hurdle has been customer acquisition. The first chunk of customers I got through a deal when starting the company. The rest have been a struggle. Managing marketing efforts while still hacking all day is a lot of work. I also have no real internet marketing experience. One other hurdle has been dealing with a deadbeat co-founder.
4) I started with one co-founder but he has since gotten a job and I have quit mine. I'm working 100% full time on the startup and he hasn't contributed more than an hour in the past 4 or 5 months, so it's pretty much just me.