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Bridget Harris

๐Ÿ‘ค Speaker
435 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
How Bootstrapped YouCanBookMe Hit $5m using team profit sharing as internal motivation

This is the You Can Book Me team and the ratios of the salaries that we pay.

SaaS Interviews with CEOs, Startups, Founders
How Bootstrapped YouCanBookMe Hit $5m using team profit sharing as internal motivation

So you can see here that in terms of the sticker price of salaries, there's a 331% spread between the lowest and the highest paid.

SaaS Interviews with CEOs, Startups, Founders
How Bootstrapped YouCanBookMe Hit $5m using team profit sharing as internal motivation

But if you compare it to the actual cost of employment, that spreads much higher.

SaaS Interviews with CEOs, Startups, Founders
How Bootstrapped YouCanBookMe Hit $5m using team profit sharing as internal motivation

And if you look at the take home, that spreads much lower, which means that I have a team 4.3% ratio, 4.3 times if you like.

SaaS Interviews with CEOs, Startups, Founders
How Bootstrapped YouCanBookMe Hit $5m using team profit sharing as internal motivation

The whole company, as we get richer, as we get more successful, we can move the whole team along.

SaaS Interviews with CEOs, Startups, Founders
How Bootstrapped YouCanBookMe Hit $5m using team profit sharing as internal motivation

So we hunt for profit like a pack.

SaaS Interviews with CEOs, Startups, Founders
How Bootstrapped YouCanBookMe Hit $5m using team profit sharing as internal motivation

So we're not putting some big outliers at one end or the other end.

SaaS Interviews with CEOs, Startups, Founders
How Bootstrapped YouCanBookMe Hit $5m using team profit sharing as internal motivation

Because what I can say is, if you stick with You Can Book Me, and if you're a high-performing problem solver, and you stick with us for over a long time, you will get remunerated via profit.

SaaS Interviews with CEOs, Startups, Founders
How Bootstrapped YouCanBookMe Hit $5m using team profit sharing as internal motivation

And that's my logic.

SaaS Interviews with CEOs, Startups, Founders
How Bootstrapped YouCanBookMe Hit $5m using team profit sharing as internal motivation

So let's talk a little bit about how we share the profit in my last few minutes.

SaaS Interviews with CEOs, Startups, Founders
How Bootstrapped YouCanBookMe Hit $5m using team profit sharing as internal motivation

So the scheme.

SaaS Interviews with CEOs, Startups, Founders
How Bootstrapped YouCanBookMe Hit $5m using team profit sharing as internal motivation

This is quite heavy in terms of content, so I think it is all printed out.

SaaS Interviews with CEOs, Startups, Founders
How Bootstrapped YouCanBookMe Hit $5m using team profit sharing as internal motivation

You've got copies of this, so I'm very happy to talk about this in detail.

SaaS Interviews with CEOs, Startups, Founders
How Bootstrapped YouCanBookMe Hit $5m using team profit sharing as internal motivation

But basically, our logic is you've got to be employed, you can't be on a disciplinary, and you have to have worked for us for at least a year and a half.

SaaS Interviews with CEOs, Startups, Founders
How Bootstrapped YouCanBookMe Hit $5m using team profit sharing as internal motivation

We then look at our net profit, excluding any extraordinary costs, like foreign exchange currency stuff happens a lot, and...

SaaS Interviews with CEOs, Startups, Founders
How Bootstrapped YouCanBookMe Hit $5m using team profit sharing as internal motivation

I don't know, it's like one-off donations or something.

SaaS Interviews with CEOs, Startups, Founders
How Bootstrapped YouCanBookMe Hit $5m using team profit sharing as internal motivation

But otherwise, we just take a quarterly three-month P&L and we take 10% of our profit and we distribute it.

SaaS Interviews with CEOs, Startups, Founders
How Bootstrapped YouCanBookMe Hit $5m using team profit sharing as internal motivation

And then what we do is we do reward tenure.

SaaS Interviews with CEOs, Startups, Founders
How Bootstrapped YouCanBookMe Hit $5m using team profit sharing as internal motivation

So you get a higher percentage of your eligibility for a share for the longer you stay.

SaaS Interviews with CEOs, Startups, Founders
How Bootstrapped YouCanBookMe Hit $5m using team profit sharing as internal motivation

And then we basically vest that at four years and we just pay it into people's paychecks.