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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

We're not that profitable.

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

Yeah, but we'd love to do it and the 20%, 25%.

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

It's not set in stone.

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

So the actual other factor, which is why it's slightly more complicated, is in SaaS, what we know is that the faster we grow, the more profits we are willing to give up, in the sense shared with everyone.

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

So that incentivizes us to grow faster and faster.

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

So what might be 20% at certain growth level, it might even go up to 60% at another growth level.

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

It's a few million dollars.

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

It's less than 10, but a few million dollars.

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

I'm not very difficult.

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

Yeah, it's very difficult, but within a couple of years, definitely.

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

No.

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

So we sell recurring, uh,

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

recurring plans, which are monthly.

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

So this is the interesting part about our business.

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

We have customers who pay us $100 a year, and we have customers who pay us six figures a year.

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

Six figures per year.

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

It's a good sum.

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

Yeah.

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

It's a, it's a, it's a big sum of money and yeah.

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

But because of the nature of the business there, we have multi-featured and then the number of units, number of sites plays an important role.