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Chris Vetter

๐Ÿ‘ค Speaker
187 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
HRForecast Bootstrapped to $3m, Signed $300k Deal, How They Handle Profits

Uh, three, uh, well, including myself 3.5.

SaaS Interviews with CEOs, Startups, Founders
HRForecast Bootstrapped to $3m, Signed $300k Deal, How They Handle Profits

So, but two of them, we just hired actually in April.

SaaS Interviews with CEOs, Startups, Founders
HRForecast Bootstrapped to $3m, Signed $300k Deal, How They Handle Profits

So they're still in the onboarding phase.

SaaS Interviews with CEOs, Startups, Founders
HRForecast Bootstrapped to $3m, Signed $300k Deal, How They Handle Profits

Uh, yes, we do.

SaaS Interviews with CEOs, Startups, Founders
HRForecast Bootstrapped to $3m, Signed $300k Deal, How They Handle Profits

It's a little lower.

SaaS Interviews with CEOs, Startups, Founders
HRForecast Bootstrapped to $3m, Signed $300k Deal, How They Handle Profits

It's, um, depends on the experience level.

SaaS Interviews with CEOs, Startups, Founders
HRForecast Bootstrapped to $3m, Signed $300k Deal, How They Handle Profits

So junior, senior.

SaaS Interviews with CEOs, Startups, Founders
HRForecast Bootstrapped to $3m, Signed $300k Deal, How They Handle Profits

For a senior, it would be around 750.

SaaS Interviews with CEOs, Startups, Founders
HRForecast Bootstrapped to $3m, Signed $300k Deal, How They Handle Profits

And that would... First year.

SaaS Interviews with CEOs, Startups, Founders
HRForecast Bootstrapped to $3m, Signed $300k Deal, How They Handle Profits

Yeah, exactly.

SaaS Interviews with CEOs, Startups, Founders
HRForecast Bootstrapped to $3m, Signed $300k Deal, How They Handle Profits

And it would be like a 50% recurring, 50%.

SaaS Interviews with CEOs, Startups, Founders
HRForecast Bootstrapped to $3m, Signed $300k Deal, How They Handle Profits

We call it project-based, which is like the data model.

SaaS Interviews with CEOs, Startups, Founders
HRForecast Bootstrapped to $3m, Signed $300k Deal, How They Handle Profits

They will not be turned, but they would be coming back and ideally jump into a SaaS model later on.

SaaS Interviews with CEOs, Startups, Founders
HRForecast Bootstrapped to $3m, Signed $300k Deal, How They Handle Profits

So 50-50.

SaaS Interviews with CEOs, Startups, Founders
HRForecast Bootstrapped to $3m, Signed $300k Deal, How They Handle Profits

A lot of time, for sure.

SaaS Interviews with CEOs, Startups, Founders
HRForecast Bootstrapped to $3m, Signed $300k Deal, How They Handle Profits

I mean, it's easy for Google Ads to calculate this number, but maybe what helps is our cost of sales are around 15%.

SaaS Interviews with CEOs, Startups, Founders
HRForecast Bootstrapped to $3m, Signed $300k Deal, How They Handle Profits

But I think what's even more critical is not the spending because getting a client, to be honest, is really easy with the stuff we do because everybody wants to know what are the future jobs and skills.

SaaS Interviews with CEOs, Startups, Founders
HRForecast Bootstrapped to $3m, Signed $300k Deal, How They Handle Profits

But getting them really in our recurring model with the SaaS, that's more challenging.

SaaS Interviews with CEOs, Startups, Founders
HRForecast Bootstrapped to $3m, Signed $300k Deal, How They Handle Profits

And the biggest challenge is time rather than the money.

SaaS Interviews with CEOs, Startups, Founders
HRForecast Bootstrapped to $3m, Signed $300k Deal, How They Handle Profits

Of course, time translates into money, but it does take easily over one year sometimes to get a big account because they're just like global companies with very long decision cycles.