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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

They can work it out.

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

The more we grow, the more money we make, their number just goes up, the more cash they have.

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

And as Nathan was saying, that spreadsheet is here.

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

This is how it literally gets done.

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

It's scalable, probably up to about 20 people.

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

After that, I probably need a new spreadsheet.

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

Nathan has lovingly recreated all the formulas based on the screenshot as well.

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

So he knows it as much as I do now about this spreadsheet.

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

But you also have a copy saved to your FOB.

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

And I'm happy to answer any questions at all about it.

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

Because the point about it is that once you have got your quarterly P&L agreed, you then basically fill in what your turnover is.

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

This is what we do.

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

What your turnover is.

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

What your profit is.

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

It then does all the calculations.

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

And then it will literally list how much money you need to pay out in people's pay.

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

Does that make sense to everybody?

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

Yeah?

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

So... So...

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

So my final question to you guys, and we're kicking off the conference here.