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Michael Maximoff

๐Ÿ‘ค Speaker
276 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Professional Services Playbook: How we used services to bootstrap our way to $3m in SaaS revenue

And then everyone is performance based.

SaaS Interviews with CEOs, Startups, Founders
Professional Services Playbook: How we used services to bootstrap our way to $3m in SaaS revenue

So if you're a salesperson or like an

SaaS Interviews with CEOs, Startups, Founders
Professional Services Playbook: How we used services to bootstrap our way to $3m in SaaS revenue

account manager or even like a developer, you can make more money out of your performance if the company performs better, right?

SaaS Interviews with CEOs, Startups, Founders
Professional Services Playbook: How we used services to bootstrap our way to $3m in SaaS revenue

Because everything is very open.

SaaS Interviews with CEOs, Startups, Founders
Professional Services Playbook: How we used services to bootstrap our way to $3m in SaaS revenue

So because of that, everyone is super hyped for being efficient and show the better number because the more money we make as a company,

SaaS Interviews with CEOs, Startups, Founders
Professional Services Playbook: How we used services to bootstrap our way to $3m in SaaS revenue

obviously the more money you can put in your own pocket, which is great.

SaaS Interviews with CEOs, Startups, Founders
Professional Services Playbook: How we used services to bootstrap our way to $3m in SaaS revenue

As a result, no one talks about stocks, et cetera, because everyone are in this situation where every next year, the more you work, the higher your percentage is, or the more company make, your salary grows, your bonuses grows, you're creating more value for yourself, for your family, et cetera, et cetera.

SaaS Interviews with CEOs, Startups, Founders
Professional Services Playbook: How we used services to bootstrap our way to $3m in SaaS revenue

And as a result,

SaaS Interviews with CEOs, Startups, Founders
Professional Services Playbook: How we used services to bootstrap our way to $3m in SaaS revenue

Most of the people in the company, they are performance-based, right?

SaaS Interviews with CEOs, Startups, Founders
Professional Services Playbook: How we used services to bootstrap our way to $3m in SaaS revenue

And they make money off the KPIs that they make, of the company performance in general.

SaaS Interviews with CEOs, Startups, Founders
Professional Services Playbook: How we used services to bootstrap our way to $3m in SaaS revenue

There are some people that get the profit sharing, right?

SaaS Interviews with CEOs, Startups, Founders
Professional Services Playbook: How we used services to bootstrap our way to $3m in SaaS revenue

Usually these are heads or C-level.

SaaS Interviews with CEOs, Startups, Founders
Professional Services Playbook: How we used services to bootstrap our way to $3m in SaaS revenue

And whenever we start a new product within this organization, then essentially...

SaaS Interviews with CEOs, Startups, Founders
Professional Services Playbook: How we used services to bootstrap our way to $3m in SaaS revenue

uh if that product is successful like folderly then the person who built that product is able to get the revenue sharing from the whole company so in a way you are interested in building the great product because then you you can feed off all the other products were successful and everyone in the company interested in having as many successful products as we can because everyone will be taking off money from all these products so it's a it's a share responsibility for the success of all the products and sharing resources so

SaaS Interviews with CEOs, Startups, Founders
Professional Services Playbook: How we used services to bootstrap our way to $3m in SaaS revenue

All the marketing people, all the template writers, copywriters, designers, they care about each and every new product in the company to be successful because that's going to lead to their success, right?

SaaS Interviews with CEOs, Startups, Founders
Professional Services Playbook: How we used services to bootstrap our way to $3m in SaaS revenue

The few things that we did, so bootstrapping performance, as I said, right?

SaaS Interviews with CEOs, Startups, Founders
Professional Services Playbook: How we used services to bootstrap our way to $3m in SaaS revenue

So it means that from the, so the first thing that I did was when I started the company and I had, you know, had nothing in terms of the bank account, right?

SaaS Interviews with CEOs, Startups, Founders
Professional Services Playbook: How we used services to bootstrap our way to $3m in SaaS revenue

We build a P&L and we make sure that every money that came in from the customer are categorized.

SaaS Interviews with CEOs, Startups, Founders
Professional Services Playbook: How we used services to bootstrap our way to $3m in SaaS revenue

So I knew where we spend every dollar from the start of the company.

SaaS Interviews with CEOs, Startups, Founders
Professional Services Playbook: How we used services to bootstrap our way to $3m in SaaS revenue

And because of that, we knew how to efficiently spend money, right?