“We're going to roll out a bonus ... anyone who makes a recommendation for an AI feature ... they will get a $5,000 bonus. $500 bonus.”
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Said on The Insurance Guys Podcast
Think Like an Owner · Carrie Kelsch on Transformative Cultures at A Plus Garage Doors - EP.296
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implemented a revenue-based bonus: for every $1 million of company revenue, each employee receives a bonus (e.g., $75-$200 per million)
$75 per million, $200 per million
“We're going to roll out a bonus ... anyone who makes a recommendation for an AI feature ... they will get a $5,000 bonus. $500 bonus.”
“They have 17 million square feet ... each square foot is worth $150 ... they get $300 million of revenues and $200 million of cash flow”
“We were able to take that company from 70 million in revenue down to 60 million … up to five million operating profit… paid off 8.5 million of the debt in 18 months, just by doing things like collecting receivables or DC inventory.”
“The trail commission structured usually it's between 0.15 to 0.175 um and then the upfronts are anywhere between sort of 65 to 75 points up front as well so like it's decent and but because everything pays trail like every million bucks you draw down like it's straight on to your straight onto your recurring revenue book”
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