Nathan Berry
👤 SpeakerAppearances Over Time
Podcast Appearances
And we see a lot of opportunity to bump that a little higher, maybe to six or 7%.
Yeah, so we have iterated with a lot of different profit sharing things.
We launched profit sharing on our very first team retreat.
As we talked about earlier.
What year was that, Nathan?
Sorry, 2016?
Yeah.
Yeah, summer 2016.
And we had grown from 100K to 300K in monthly revenue.
We'd saved up three months of expenses in the bank.
We'd gotten to 50% profit margins through the team being really lean.
And I wanted to reward the team for it.
And so we took 100 grand and paid it out to the team in profit sharing.
Everyone was totally blown away.
We were up to 20, but six of them had been hired in the previous 30 days.
Yeah.
Everyone participated, but for some people it was like 600 bucks.
So what we do is we do a six month period is when the profit sharing is.
And so for everyone that has been there for the entire period, you're eligible for it.
We actually give partial credit.