Ali Salman, founder and CEO of digital agency Rapid Boost Marketing, explains his founder compensation structure after facing heavy taxes from drawing full salary in year one.
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“Now, we have restricted our salary to, like, 72,000 dollars a year, and pretty much, I will be taking a dividend, or like, you know through some other ways, but first year, we did pretty much took everything as a salary, and we realized that wasn't a smart idea.”
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More from Ali Salman
Disclosure
Salman: 30% of Rapid Boost's client retainers fund paid media spend
“Our packages, we just have four packages, and all of them include the paid media spent. And the 30% of every package goes towards paid media.”
Ali SalmanNov 22, 2016▶ 6:08Ep 486: Agency Hits $2M In Revenue, 49 Employees, $36k ACV with RapidBoostMarketing CEO Ali Salman
What-if
Salman: He wishes he had dropped out of school at 20
“Freaking drop out of the school and go and go.”
Ali SalmanNov 22, 2016▶ 15:46Ep 486: Agency Hits $2M In Revenue, 49 Employees, $36k ACV with RapidBoostMarketing CEO Ali Salman
PredictionNot checkable as stated
Salman: Rapid Boost Will Surpass $2M in Revenue in 2016
“At the end of 2016, we will be, and more than two million dollars.”
Ali SalmanNov 22, 2016▶ 2:57Ep 486: Agency Hits $2M In Revenue, 49 Employees, $36k ACV with RapidBoostMarketing CEO Ali Salman
AssertionNot checkable as stated
Salman: Rapid Boost Generated Over $800K in 2015 Revenue
“In, in, ah, 2015, we did over 800,000 dollars.”
Ali SalmanNov 22, 2016▶ 2:52Ep 486: Agency Hits $2M In Revenue, 49 Employees, $36k ACV with RapidBoostMarketing CEO Ali Salman
AssertionNot checkable as stated
Salman: Rapid Boost Retains Average Client for 18 to 20 Months
“Our average client stays with us on 18 months to 20 months.”
Ali SalmanNov 22, 2016▶ 3:11Ep 486: Agency Hits $2M In Revenue, 49 Employees, $36k ACV with RapidBoostMarketing CEO Ali Salman
AssertionNot checkable as stated
Salman: Rapid Boost Has 72 Active Clients, Adds 4-10 Monthly
“Currently, we are working with around 72 customers, and on average, we are signing up anywhere from four customers to 10 customers a month.”
Ali SalmanNov 22, 2016▶ 3:54Ep 486: Agency Hits $2M In Revenue, 49 Employees, $36k ACV with RapidBoostMarketing CEO Ali Salman
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