July 19, 2025 International Trending News Stories

SAAS Expert, Patrick Parker, Lists the Priorities Tech Startups Need to Focus on First When They Get Funded

We are what our priorities are, and it’s as simple as that. This also applies to the businesses that we run; their priorities determine their purpose and, in the long run, their success. In effect, if we sift through the history of the most successful startups in the world to date, we’ll discover the fundamental reason for their success would be getting their priorities straight. Success in the entrepreneurial world demands timely actions and getting it right.

Of course, you learn all that as you progress, but people like Patrick Parker, who has perfected the art of building million-dollar businesses in an astonishingly short time,  clearly knows the shortcuts. As an accomplished Tech Executive turned founder of SaaS Partners, a leading software company providing scalable solutions to entrepreneurs and businesses, he can help you prevent avoidable mistakes and focus on your priorities in order to expedite the attainment of a positive return on your investment.

“Unequivocally, funding is the most imperative part of kick-starting a high-growth startup as capitalization is one of most critical parts of a business; if your cash flow runs negative, your startup just ceases to exist,” says Patrick.

He says that each round of funding has different objectives and milestones. For an instance, seed/pre-seed founders try to build and launch their products in hopes of gaining early traction, hiring a few key employees, validating their initial assumptions about the market, and even possibly finding early signs of product-market fit.

“Less than 4% of startups graduate to a Series A and become eligible for funding,” says Patrick.

That is the time, believes Patrick, that startups need to focus on the following priorities to get past Series-A and ascend to the next round of funding.

Setting new goals and aligning the team

Getting funded is undoubtedly a significant achievement in itself, but it’s just the first of many baby steps. Startups need to be prudent here in making the most of the allocated funding. To that end, it is imperative to update your existing financial model and review current performance metrics. Just because you suddenly take on capital doesn’t mean that your strategy should immediately change. Therefore, it is strongly suggested to review where you are and then proceed with alignment across teams.

Take inventory of your resource needs

It goes without saying that in order to maintain consistent growth, you need to scale your team and hire the talent and set of skills that you feel are lacking in your startup. Patrick advises entrepreneurs to prioritize their hiring process and carry on with that in parallel with fundraising efforts “Make sure you are aware of the skill sets that you need to scale, and here’s a pro tip: hire in phases so that you can manage the onboarding and training processes without detracting your focus and attention.”

Set your budget

Last but not least, set a budget for new expenditures and ensure that you have the proper monitoring and reporting in place so that you can evaluate your Return on Investment (ROI) over time.

Everyone wants to see their business garnering success but practically speaking, success has its own demands. It wants you to be patient and persistent in pursuing what you want, plan and prioritize things accordingly, and put some action on display – only then do you win its favor. Tech ventures aren’t an exception.

The priorities Patrick has listed above are the result of his years of grinding in the industry. If you follow them in the true spirit, it won’t be an overstatement to say that success is guaranteed.

Related Posts

A Long Walk to Financial Freedom and Happiness with Performance Mentor Mike Hoffmann

February 18, 2022

February 18, 2022

Covid-19 turned the world upside down; its effects have seeped deep into our lives, changing life as we knew it....

Join Biochemist Chloe Kirk on a Her Science Journey: Discovering the Importance of Science

July 30, 2023

July 30, 2023

Chloe Kirk, Biochemistry and Molecular Biology PhD student researcher at the University of Miami, shares her journey through science to...

Going Against The Societal Norms – How Brittany O’Connor Became a Dance Icon

February 20, 2024

February 20, 2024

Life’s victories come in different forms, and true success lies in overcoming adversity, finding one’s purpose, and achieving it despite...

Chris Martin Is Enhancing the Quality of Life and Promoting Economic Development with Private Equity Firm, GlenMartin

March 9, 2023

March 9, 2023

Behind every successful business is a dedicated team growing under the banner of good leadership skills. Firm support, relationship building,...

Author of Amazon’s Bestseller Book “Her Vision,”Falesha Raquel, Walks the Readers through Her Many Life and Business Experiences

January 13, 2022

January 13, 2022

Falesha Raquel is a successful and multi-talented businesswoman. She is also an author, entertainer, builder, and real estate broker. Falesha...

The Amazing R&B Artist Allura Wants Everyone to Focus On Creating Positive Energies

October 4, 2022

October 4, 2022

Living in a world full of hate, pessimism, and negativity is unbearably burdensome. One tends to forget how to be...

How Social Media Influencer and a Content Creator Kennedy Pinheiro Bezerra Envisions His Future

February 5, 2023

February 5, 2023

Based in Canada, Kennedy Pinheiro Bezerra is a social media influencer making content on men’s fashion, fitness, skincare, and lifestyle....

The Inspirational Journey of Dr. Lyn Corbett, Leadership Development Coach

February 14, 2023

February 14, 2023

Dr. Lyn Corbett is the President of The Pivotal Group Consultants Inc._– a consulting firm based in California. To strengthen...

Lessons from Maria O. Keller: Steering Investors Clear of Real Estate Pitfalls

April 5, 2024

April 5, 2024

Real estate, with its promise of stability and potential for profit, has long been a cornerstone of investment strategies. However,...

How Can Investing in Yourself Help You Succeed?

December 16, 2021

December 16, 2021

You are the most valuable investment you can make in your life. Many people would mention their children or their...

How Bill Garbarini Is Helping Revolutionize the Fertility Business

May 1, 2023

May 1, 2023

Thanks to the well-known mover and shaker Bill Garbarini, IVF health care is taking a new turn. With his profound...

Here Are the Notable Achievements of the Founder of Lumisque Skincare and Content Creator, Lana Kerr

January 14, 2023

January 14, 2023

Success always comes at a cost. It requires hard work, dedication, determination, and overcoming obstacles. One important trait that all...

Founder of Essentique, Mandana Navi, Shares Why Self-Care Is a Lot More than Beauty

February 22, 2023

February 22, 2023

If your compassion, love, and care are not for your own self, you are bound to remain unsatisfied and incomplete....

Simran Handa Is the Social Media Expert You Need To Stay Top-Of-Mind For Your Customers & Build Brand Authority

September 6, 2022

September 6, 2022

In today’s world, social media has become an essential part of the marketing mix for businesses. Leaving social media marketing...

Here is a Look into John Walsh’s Background Story and Life History

July 24, 2021

July 24, 2021

Born and raised in Long Island, NY, cryptocurrency influencer and businessman, John Walsh, also known as CryptoGodJohn, helps people to...