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Akshat Chaudhry

๐Ÿ‘ค Speaker
214 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
How to Set Up Profit Sharing Plan from $2m+ Bootstrapper

So I would do 10 into five, 50.

SaaS Interviews with CEOs, Startups, Founders
How to Set Up Profit Sharing Plan from $2m+ Bootstrapper

And there's a second person who is at four years and grade 10.

SaaS Interviews with CEOs, Startups, Founders
How to Set Up Profit Sharing Plan from $2m+ Bootstrapper

So that's four into 10, 40.

SaaS Interviews with CEOs, Startups, Founders
How to Set Up Profit Sharing Plan from $2m+ Bootstrapper

What we will do is we'll add up all 30 people's score and then divide the overall pool by this score, by this total cumulative sum.

SaaS Interviews with CEOs, Startups, Founders
How to Set Up Profit Sharing Plan from $2m+ Bootstrapper

And then multiply each person's factor to get the actual number.

SaaS Interviews with CEOs, Startups, Founders
How to Set Up Profit Sharing Plan from $2m+ Bootstrapper

So you take 20% of that, so you take $20,000.

SaaS Interviews with CEOs, Startups, Founders
How to Set Up Profit Sharing Plan from $2m+ Bootstrapper

Okay.

SaaS Interviews with CEOs, Startups, Founders
How to Set Up Profit Sharing Plan from $2m+ Bootstrapper

And then divided by 90, and then each person, the two people will get five is to four ratio.

SaaS Interviews with CEOs, Startups, Founders
How to Set Up Profit Sharing Plan from $2m+ Bootstrapper

Into 50.

SaaS Interviews with CEOs, Startups, Founders
How to Set Up Profit Sharing Plan from $2m+ Bootstrapper

Into 50.

SaaS Interviews with CEOs, Startups, Founders
How to Set Up Profit Sharing Plan from $2m+ Bootstrapper

The first person will get into 50 and second person will get into 40.

SaaS Interviews with CEOs, Startups, Founders
How to Set Up Profit Sharing Plan from $2m+ Bootstrapper

That's roughly the maths, the exact numbers I don't have in front of me, but that's roughly the maths we have.

SaaS Interviews with CEOs, Startups, Founders
How to Set Up Profit Sharing Plan from $2m+ Bootstrapper

And the one factor since you are speaking so much, we really, so the score is if the more time you spend with us, the higher the ratio.

SaaS Interviews with CEOs, Startups, Founders
How to Set Up Profit Sharing Plan from $2m+ Bootstrapper

So you would see like a 50% would make a significantly more money than a 40 or 30%.

SaaS Interviews with CEOs, Startups, Founders
How to Set Up Profit Sharing Plan from $2m+ Bootstrapper

So

SaaS Interviews with CEOs, Startups, Founders
How to Set Up Profit Sharing Plan from $2m+ Bootstrapper

it's almost like stock options also so the value increases because we know that as in SaaS the business the more time it's a time plays such an important role in creating value.

SaaS Interviews with CEOs, Startups, Founders
How to Set Up Profit Sharing Plan from $2m+ Bootstrapper

We're not disclosing this.

SaaS Interviews with CEOs, Startups, Founders
How to Set Up Profit Sharing Plan from $2m+ Bootstrapper

This is the number, but it's hundreds of thousands of dollars is what we gave to.

SaaS Interviews with CEOs, Startups, Founders
How to Set Up Profit Sharing Plan from $2m+ Bootstrapper

We would love to do it.

SaaS Interviews with CEOs, Startups, Founders
How to Set Up Profit Sharing Plan from $2m+ Bootstrapper

I'm not sure we'll be able to do that.