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John Brakey

๐Ÿ‘ค Speaker
120 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
How He Patiently Bootstrapped To $4.5m in Revenue In Legacy Space

Yeah, that's about right.

SaaS Interviews with CEOs, Startups, Founders
How He Patiently Bootstrapped To $4.5m in Revenue In Legacy Space

I'm ready.

SaaS Interviews with CEOs, Startups, Founders
How He Patiently Bootstrapped To $4.5m in Revenue In Legacy Space

So what happened, maybe just understand the background that I used to be one of our customers effectively.

SaaS Interviews with CEOs, Startups, Founders
How He Patiently Bootstrapped To $4.5m in Revenue In Legacy Space

And so I really understand that.

SaaS Interviews with CEOs, Startups, Founders
How He Patiently Bootstrapped To $4.5m in Revenue In Legacy Space

the business that our customers are experiencing and the issues, the problems, the challenges and so forth.

SaaS Interviews with CEOs, Startups, Founders
How He Patiently Bootstrapped To $4.5m in Revenue In Legacy Space

And so the product was really built with best practices in mind.

SaaS Interviews with CEOs, Startups, Founders
How He Patiently Bootstrapped To $4.5m in Revenue In Legacy Space

You think about a services-based business that also does the technology.

SaaS Interviews with CEOs, Startups, Founders
How He Patiently Bootstrapped To $4.5m in Revenue In Legacy Space

Yeah, sure.

SaaS Interviews with CEOs, Startups, Founders
How He Patiently Bootstrapped To $4.5m in Revenue In Legacy Space

So, well, the company that I was involved with was called Unis Lumen, and it was the third largest Cisco partner in Canada.

SaaS Interviews with CEOs, Startups, Founders
How He Patiently Bootstrapped To $4.5m in Revenue In Legacy Space

And it did an array of services from, you know, if you think about it from a consulting design implementation and post-implementation services or what's now called managed services.

SaaS Interviews with CEOs, Startups, Founders
How He Patiently Bootstrapped To $4.5m in Revenue In Legacy Space

And so if you think about a company that's doing service-based business, most of their profitability comes from their services, not from the product sales that they do.

SaaS Interviews with CEOs, Startups, Founders
How He Patiently Bootstrapped To $4.5m in Revenue In Legacy Space

And so it's really critical in a service-based business to really manage your utilization and to make sure that you're not losing money because you're doing work that didn't get built.

SaaS Interviews with CEOs, Startups, Founders
How He Patiently Bootstrapped To $4.5m in Revenue In Legacy Space

In addition to that, as you're growing and our experiences, we grew from 30 million to 50 million to 70 million and so forth.

SaaS Interviews with CEOs, Startups, Founders
How He Patiently Bootstrapped To $4.5m in Revenue In Legacy Space

And every time we grew at a fairly good clip, it really put a burden on our cashflow.

SaaS Interviews with CEOs, Startups, Founders
How He Patiently Bootstrapped To $4.5m in Revenue In Legacy Space

And so it's really important to be able to think about how you're billing customers, how fast you're billing customers and so forth.

SaaS Interviews with CEOs, Startups, Founders
How He Patiently Bootstrapped To $4.5m in Revenue In Legacy Space

So all of those best practices were integrated into Promise.

SaaS Interviews with CEOs, Startups, Founders
How He Patiently Bootstrapped To $4.5m in Revenue In Legacy Space

In addition to that, if you look at most people in the market, they're using two, three, sometimes four different products to cobble their business together, whether it's in the sales process, the order admin process, the delivery project services, and the ticketing side of the service post-implementation.

SaaS Interviews with CEOs, Startups, Founders
How He Patiently Bootstrapped To $4.5m in Revenue In Legacy Space

And what we want to do is have a single place where every time I updated something, it updated across the whole system.

SaaS Interviews with CEOs, Startups, Founders
How He Patiently Bootstrapped To $4.5m in Revenue In Legacy Space

Correct.

SaaS Interviews with CEOs, Startups, Founders
How He Patiently Bootstrapped To $4.5m in Revenue In Legacy Space

And also understood.

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