Interview with Mike Slaats | Global Biz

Mike Slaats is a successful business owner for the past 10 years. He has been working remotely on his SaaS startup Upvoty for the past two years and has gained a welcome feedback from many who are using it. 

The Global Biz had a chance to get a peek into his world and here we present you what Mike Slaats had to say.

Interview with Mike Slaats

1. What gets you out of bed in the morning i.e., What is your source of motivation? 
 
I’m fortunate that I do what I love. I worked for more than 5 years as an employee and now more than 10 years as a business owner. For 2 years I work remotely on my SaaS startup Upvoty and since then I feel fulfilled. Sometimes I can’t sleep because there’s so much going on and I’m just to hyped to get out of bed and start the day. My mission, to make it the best user feedback tool for our clients, is what gets me out of bed. When my users send me messages that, because of the feedback they’re getting through my SaaS, their product is getting better and better, well, that’s what keeps me going.
 
2. What made you realize you would get into this ?
 
I always wanted to work on my own product. When I build one, I noticed that without proper feedback, your product is nothing. That’s when I started to build my own feedback tool Upvoty. It’s a good example of “scratching your own itch” I guess.
 
3. What are your cash flow projections? What will you need as an investments? 
 
I don’t do external investments and I don’t need it. I have another successful business that funds my new SaaS startup Upvoty. We’ve launched in February 2019 with $0 MRR and are now doing more than $1,500. In just a couple of months, we managed to validate the product and now we need to scale it into a $10,000 MRR business.
 
4. What comes first for you money or emotions? 
 
Emotions. Money should never be the driving force behind the decisions you make. You have to be passionate about your businesses, clients and, most importantly, the happiness of your clients. When you’re on the look for money, maybe you will earn some big money in the beginning, but long-term, you’ll simply fail.
 
5. Tell me about an accomplishment you are most proud of. 
 
I recently wrote my first eBook about the growth of my startup Upvoty. It’s been downloaded more than 1000 times already. I’m super proud of the reactions I get from people who are reading it. I already received messages from people who are, because of the book, starting their own businesses. 
 
6. How do you handle the pressure? 
 
To be honest, when I’m under pressure, I’m at my best. So I love pressure. But, I always want to be in control of what’s pressuring me. I always think about this: you can only control what’s IN your control. External factors are there to be accepted. Focus on the inside. Focus on what you can control and work with that.
 
7. What advice would you give to someone starting out ? 
 
Go out there and try. What’s there to lose? The thing is until you’re not out there in the wild, your idea is just an idea within your head. You need validation as quickly as possible. Go talk to potential customers. Go and build a first simple version. Work from there.
Thanks for the feature. Here's wishing the entire team at the Global Biz and the readers all the very best 🙂
Mike Slaats
Mike Slaats
Entrepreneur
Show CommentsClose Comments

Leave a comment