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Will Schroter

๐Ÿ‘ค Speaker
994 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
How Wil Schroter Made Money at 22 years Old to Eventually Launch Startups.com

Well, no, I just signed up like a few days earlier.

SaaS Interviews with CEOs, Startups, Founders
How Wil Schroter Made Money at 22 years Old to Eventually Launch Startups.com

Total flow.

SaaS Interviews with CEOs, Startups, Founders
How Wil Schroter Made Money at 22 years Old to Eventually Launch Startups.com

Oh, okay.

SaaS Interviews with CEOs, Startups, Founders
How Wil Schroter Made Money at 22 years Old to Eventually Launch Startups.com

I didn't even get onboarded yet.

SaaS Interviews with CEOs, Startups, Founders
How Wil Schroter Made Money at 22 years Old to Eventually Launch Startups.com

And so remember, I came from a large professional services organization.

SaaS Interviews with CEOs, Startups, Founders
How Wil Schroter Made Money at 22 years Old to Eventually Launch Startups.com

And when you've got $10 million a month worth of payroll, the utilization of your staff, how many hours that they have available versus how many they bill is all you care about.

SaaS Interviews with CEOs, Startups, Founders
How Wil Schroter Made Money at 22 years Old to Eventually Launch Startups.com

I mean, you track that down to a fraction of a decimal point because it's so important.

SaaS Interviews with CEOs, Startups, Founders
How Wil Schroter Made Money at 22 years Old to Eventually Launch Startups.com

Here's what was broken in their economics.

SaaS Interviews with CEOs, Startups, Founders
How Wil Schroter Made Money at 22 years Old to Eventually Launch Startups.com

They had 400 people that were full-time billing at 75% capacity.

SaaS Interviews with CEOs, Startups, Founders
How Wil Schroter Made Money at 22 years Old to Eventually Launch Startups.com

You work that backward, that means they have 100 people billing at 0% capacity.

SaaS Interviews with CEOs, Startups, Founders
How Wil Schroter Made Money at 22 years Old to Eventually Launch Startups.com

Big problem.

SaaS Interviews with CEOs, Startups, Founders
How Wil Schroter Made Money at 22 years Old to Eventually Launch Startups.com

Bigger problem is no one knew it.

SaaS Interviews with CEOs, Startups, Founders
How Wil Schroter Made Money at 22 years Old to Eventually Launch Startups.com

They just didn't have the management in kind of their arms around.

SaaS Interviews with CEOs, Startups, Founders
How Wil Schroter Made Money at 22 years Old to Eventually Launch Startups.com

That was a big part of the problem.

SaaS Interviews with CEOs, Startups, Founders
How Wil Schroter Made Money at 22 years Old to Eventually Launch Startups.com

The company grew so fast, which is incredibly 100% toward Marin's credit, which, you know, it's very hard to do.

SaaS Interviews with CEOs, Startups, Founders
How Wil Schroter Made Money at 22 years Old to Eventually Launch Startups.com

But the problem was it grew so fast that there was nobody kind of stepping in saying like, dude, we can't hire 10 more people.

SaaS Interviews with CEOs, Startups, Founders
How Wil Schroter Made Money at 22 years Old to Eventually Launch Startups.com

We still have to fully utilize the people that we hired last month.

SaaS Interviews with CEOs, Startups, Founders
How Wil Schroter Made Money at 22 years Old to Eventually Launch Startups.com

But when things are constantly growing up into the right and everyone's telling you what a great job you're doing, there's often not kind of that voice that's saying, hey, maybe we're doing some things wrong here.

SaaS Interviews with CEOs, Startups, Founders
How Wil Schroter Made Money at 22 years Old to Eventually Launch Startups.com

We have W-2 folks now.

SaaS Interviews with CEOs, Startups, Founders
How Wil Schroter Made Money at 22 years Old to Eventually Launch Startups.com

It's not a problem.