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Chris Vandersluis

๐Ÿ‘ค Speaker
148 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Guess what this $3.6m ARR Timesheet SaaS Profited last year

It wasn't 30%.

SaaS Interviews with CEOs, Startups, Founders
Guess what this $3.6m ARR Timesheet SaaS Profited last year

It was like about 20.

SaaS Interviews with CEOs, Startups, Founders
Guess what this $3.6m ARR Timesheet SaaS Profited last year

By the time we paid out dividends and paid out bonuses and stuff for the staff, we ended up with 22 unrequired monies.

SaaS Interviews with CEOs, Startups, Founders
Guess what this $3.6m ARR Timesheet SaaS Profited last year

Well, the dividend program is what Chris wants.

SaaS Interviews with CEOs, Startups, Founders
Guess what this $3.6m ARR Timesheet SaaS Profited last year

So the program is how much is left at the end of the day?

SaaS Interviews with CEOs, Startups, Founders
Guess what this $3.6m ARR Timesheet SaaS Profited last year

What do we need to do for taking care of the staff and staff retention in terms of bonuses, things like that?

SaaS Interviews with CEOs, Startups, Founders
Guess what this $3.6m ARR Timesheet SaaS Profited last year

And then for me, the calculation at the end of the year is,

SaaS Interviews with CEOs, Startups, Founders
Guess what this $3.6m ARR Timesheet SaaS Profited last year

well this is what's left over what should i leave in the company for growth for you know healthy cash flow for working capital and um and let's get the rest out and so uh you know so yeah for me last year it was um you know it was a nice amount of money

SaaS Interviews with CEOs, Startups, Founders
Guess what this $3.6m ARR Timesheet SaaS Profited last year

Yeah, it works.

SaaS Interviews with CEOs, Startups, Founders
Guess what this $3.6m ARR Timesheet SaaS Profited last year

I mean, I allocate of the profits about 20% for bonuses.

SaaS Interviews with CEOs, Startups, Founders
Guess what this $3.6m ARR Timesheet SaaS Profited last year

So, so 20% of the money, I mean, that's, that's not a promise, but I mean, if we like last year, that was about the number.

SaaS Interviews with CEOs, Startups, Founders
Guess what this $3.6m ARR Timesheet SaaS Profited last year

And so the staff shared that based on, like you say, based on longevity and their role in the company.

SaaS Interviews with CEOs, Startups, Founders
Guess what this $3.6m ARR Timesheet SaaS Profited last year

Basically.

SaaS Interviews with CEOs, Startups, Founders
Guess what this $3.6m ARR Timesheet SaaS Profited last year

Yeah.

SaaS Interviews with CEOs, Startups, Founders
Guess what this $3.6m ARR Timesheet SaaS Profited last year

And so, you know, about half of it stayed in the company and, you know, the rest, you know, we carefully took care of to make sure both the IRS and Revenue Canada were taken care of.

SaaS Interviews with CEOs, Startups, Founders
Guess what this $3.6m ARR Timesheet SaaS Profited last year

And then, yeah.

SaaS Interviews with CEOs, Startups, Founders
Guess what this $3.6m ARR Timesheet SaaS Profited last year

And then kind of put it aside.

SaaS Interviews with CEOs, Startups, Founders
Guess what this $3.6m ARR Timesheet SaaS Profited last year

I am.

SaaS Interviews with CEOs, Startups, Founders
Guess what this $3.6m ARR Timesheet SaaS Profited last year

I'm married here in Tampa, Florida to growing step-sons, one in high school, one in middle school.

SaaS Interviews with CEOs, Startups, Founders
Guess what this $3.6m ARR Timesheet SaaS Profited last year

I've got a