Andre Merkley
👤 SpeakerAppearances Over Time
Podcast Appearances
It's a bit...
It's somewhat more in the first year and a bit less in the second and third year, and then it ceases.
No, it stops.
Perpetual commissions are a killer for the business because sooner or later, your partner will...
start treating that investment as a pension fund and will lose incentive to sell more.
And it's a debt spiral.
Yeah.
Yeah.
Year one or year three, it really depends on deal to deal.
It also depends on the uptake.
You cannot work
Usually you don't implement our system in a big bank.
You would start first getting the materials under control, the quantities, then going into the fixing, ordering, then HR and stuff like that.
So it would be an onion.
And depending on that onion would also give you a commission plan.
Stock exchange value is, I would say, in the low 20s.
No, absolutely not.
Because, well, several things.
First, I believe that the business is worth much, much more.
How much?