Hi all, Stas is here.
As a serial SaaS maker, all I wanted is to see my rolling gross revenue (~monthly recurring revenue (MRR)). All. The. Time. It was also important to be able to deal with any payment issues promptly. No fancy charts, no gigabytes of RAM allocated for wrapper-based apps. I looked around and couldn't find a suitable (and affordable) solution. Long story short βΒ with a little help from my friends at https://karmabot.chat team β I got my very own app that tracks Stripe transactions.
Now I can see
Learning to manage your MRR anxiety is important. Yesterday Cashbar got its hour of fame at the front page of Hacker News, so I decided to post it here as well.
One of the comments really stuck with me:
"My first thought was "oh, this will contribute to already high anxiety levels", mostly because I remember how I reacted to MRR changes:
- MRR went up a bit: "Great, we're on track"
- MRR went down a bit: "THE END IS NEAR!!!!"
At some point, I understood that it was Loss Aversion Bias [1] at play. Once I reframed MRR movements as something fluctuating and neutral, it lost all anxiety-inducing powers.
So this might actually be fairly neat if the business owner has a reasonable approach to this metric."
[1] https://en.wikipedia.org/wiki/Lo...
Source: https://news.ycombinator.com/ite...
If you've got through to this point, thank you for bearing with me and here is your 50% discount: https://gum.co/cashbar/goodkarma
Thanks again https://karmabot.chat team for making Cashbar happen.
UIQuill