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Matt Schwartz

๐Ÿ‘ค Speaker
185 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
EP 418: Executive Recruiter Made $1.1M 2015, Super High Profit Margin with Matt Schwartz of MJSearch.com

We've already seen results.

SaaS Interviews with CEOs, Startups, Founders
EP 418: Executive Recruiter Made $1.1M 2015, Super High Profit Margin with Matt Schwartz of MJSearch.com

They're already introducing us to live candidates that we're excited to interview.

SaaS Interviews with CEOs, Startups, Founders
EP 418: Executive Recruiter Made $1.1M 2015, Super High Profit Margin with Matt Schwartz of MJSearch.com

And so paying that second retainer payment is really never an issue.

SaaS Interviews with CEOs, Startups, Founders
EP 418: Executive Recruiter Made $1.1M 2015, Super High Profit Margin with Matt Schwartz of MJSearch.com

About $85,000.

SaaS Interviews with CEOs, Startups, Founders
EP 418: Executive Recruiter Made $1.1M 2015, Super High Profit Margin with Matt Schwartz of MJSearch.com

That's actually not bad.

SaaS Interviews with CEOs, Startups, Founders
EP 418: Executive Recruiter Made $1.1M 2015, Super High Profit Margin with Matt Schwartz of MJSearch.com

That's pretty good.

SaaS Interviews with CEOs, Startups, Founders
EP 418: Executive Recruiter Made $1.1M 2015, Super High Profit Margin with Matt Schwartz of MJSearch.com

Well, I left the largest search firm in the world with a salary higher than that.

SaaS Interviews with CEOs, Startups, Founders
EP 418: Executive Recruiter Made $1.1M 2015, Super High Profit Margin with Matt Schwartz of MJSearch.com

Yeah.

SaaS Interviews with CEOs, Startups, Founders
EP 418: Executive Recruiter Made $1.1M 2015, Super High Profit Margin with Matt Schwartz of MJSearch.com

You know, Nathan, I'm happy to answer that because I think it's a really interesting situation that allowed me to take that entrepreneurial leap.

SaaS Interviews with CEOs, Startups, Founders
EP 418: Executive Recruiter Made $1.1M 2015, Super High Profit Margin with Matt Schwartz of MJSearch.com

And so during my time at Hydric and Struggles, my base salary ranged from anywhere from $85,000 to $95,000.

SaaS Interviews with CEOs, Startups, Founders
EP 418: Executive Recruiter Made $1.1M 2015, Super High Profit Margin with Matt Schwartz of MJSearch.com

But then with upside and bonuses and things, I had earned as much as $280,000.

SaaS Interviews with CEOs, Startups, Founders
EP 418: Executive Recruiter Made $1.1M 2015, Super High Profit Margin with Matt Schwartz of MJSearch.com

Well, after

SaaS Interviews with CEOs, Startups, Founders
EP 418: Executive Recruiter Made $1.1M 2015, Super High Profit Margin with Matt Schwartz of MJSearch.com

After the downturn in 2001, they changed the comp plan so significantly that my ability to earn over my base salary was really, really hampered.

SaaS Interviews with CEOs, Startups, Founders
EP 418: Executive Recruiter Made $1.1M 2015, Super High Profit Margin with Matt Schwartz of MJSearch.com

I had been making more than double what I earned.

SaaS Interviews with CEOs, Startups, Founders
EP 418: Executive Recruiter Made $1.1M 2015, Super High Profit Margin with Matt Schwartz of MJSearch.com

what I was earning at the end, but the economy was so bad and the world of search was so depressed that it was very, very hard to take a leap.

SaaS Interviews with CEOs, Startups, Founders
EP 418: Executive Recruiter Made $1.1M 2015, Super High Profit Margin with Matt Schwartz of MJSearch.com

I had a house, two cars in the driveway, a young baby at home.

SaaS Interviews with CEOs, Startups, Founders
EP 418: Executive Recruiter Made $1.1M 2015, Super High Profit Margin with Matt Schwartz of MJSearch.com

And all of a sudden, at the end of 2002, I said, you know what?

SaaS Interviews with CEOs, Startups, Founders
EP 418: Executive Recruiter Made $1.1M 2015, Super High Profit Margin with Matt Schwartz of MJSearch.com

I'm in a situation where I could potentially do half as much revenue

SaaS Interviews with CEOs, Startups, Founders
EP 418: Executive Recruiter Made $1.1M 2015, Super High Profit Margin with Matt Schwartz of MJSearch.com

and make twice as much money.

SaaS Interviews with CEOs, Startups, Founders
EP 418: Executive Recruiter Made $1.1M 2015, Super High Profit Margin with Matt Schwartz of MJSearch.com

My last year revenue at Hydric and Struggles was close to $750,000.