Jaclyn Johnson
👤 PersonAppearances Over Time
Podcast Appearances
So if you're doing a million dollars year one, you can figure out what your salary is at that 10% is probably hefty, but maybe realistic for your situation. as you grow your revenue, you should be increasing your salary over time.
So if you're doing a million dollars year one, you can figure out what your salary is at that 10% is probably hefty, but maybe realistic for your situation. as you grow your revenue, you should be increasing your salary over time.
So if you're doing a million dollars year one, you can figure out what your salary is at that 10% is probably hefty, but maybe realistic for your situation. as you grow your revenue, you should be increasing your salary over time.
And again, that doesn't have to necessarily be a guaranteed salary, you can bonus yourself, you can create goals for yourself, you can do distributions, there's ways you can get creative when you own the company. Obviously, if you have investors, it's a little different. But I think it's about getting creative in that way.
And again, that doesn't have to necessarily be a guaranteed salary, you can bonus yourself, you can create goals for yourself, you can do distributions, there's ways you can get creative when you own the company. Obviously, if you have investors, it's a little different. But I think it's about getting creative in that way.
And again, that doesn't have to necessarily be a guaranteed salary, you can bonus yourself, you can create goals for yourself, you can do distributions, there's ways you can get creative when you own the company. Obviously, if you have investors, it's a little different. But I think it's about getting creative in that way.
So great question. I would say I was 26 probably when I sold the company and the angel investment, I was probably 29.
So great question. I would say I was 26 probably when I sold the company and the angel investment, I was probably 29.
So great question. I would say I was 26 probably when I sold the company and the angel investment, I was probably 29.
No, it was new to me too. I didn't know anything about it. I didn't know about like what kind of checking or investing or anything like that as well. So it was like a whole new world for me. I will say I've been very lucky in the housing market and I've been really strategic with real estate, which has also paid off longer term.
No, it was new to me too. I didn't know anything about it. I didn't know about like what kind of checking or investing or anything like that as well. So it was like a whole new world for me. I will say I've been very lucky in the housing market and I've been really strategic with real estate, which has also paid off longer term.
No, it was new to me too. I didn't know anything about it. I didn't know about like what kind of checking or investing or anything like that as well. So it was like a whole new world for me. I will say I've been very lucky in the housing market and I've been really strategic with real estate, which has also paid off longer term.
We actually had two sell opportunities. So in 2018, we had a few strategic buyers come to the table, which was early for us, I thought. I think we were $8 million in revenue, a team of eight people. I had no executive team. It was pretty scrappy and small, but growing fast. And so we went through a process in 2018. We had, I think, like four LOIs that came through.
We actually had two sell opportunities. So in 2018, we had a few strategic buyers come to the table, which was early for us, I thought. I think we were $8 million in revenue, a team of eight people. I had no executive team. It was pretty scrappy and small, but growing fast. And so we went through a process in 2018. We had, I think, like four LOIs that came through.
We actually had two sell opportunities. So in 2018, we had a few strategic buyers come to the table, which was early for us, I thought. I think we were $8 million in revenue, a team of eight people. I had no executive team. It was pretty scrappy and small, but growing fast. And so we went through a process in 2018. We had, I think, like four LOIs that came through.
Yes, and they were big money.
Yes, and they were big money.
Yes, and they were big money.
It essentially means nothing. And that's important for this conversation. It literally means nothing. It's not binding. Because I was like, woo, buy me the yacht. We're buyers. Let's go. Yeah, it was exciting. It was a very exciting time. We went through...
It essentially means nothing. And that's important for this conversation. It literally means nothing. It's not binding. Because I was like, woo, buy me the yacht. We're buyers. Let's go. Yeah, it was exciting. It was a very exciting time. We went through...