This episode carries Patrick Shaw's own address, with nobody on the show putting
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Patrick Shaw, founder and CEO of Rapid Funnel, highlights his remote team's retention rates at the Founder 500 conference.
0:00 / 0:05exact quote · 5.3s
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“Last year, we had three percent turnover total, and about the same the year before.”
quote is from the automated transcript, cleaned for reading:
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More from Patrick Shaw
Disclosure
Rapid Funnel rejects employee tracking software, managing strictly by outcomes
“The truth is, in my estimation, putting your thumb on them doesn't do any good, because you can't see them. They're not in an office, and people are like, do you have all this tracking software? Do you know how many hours they're on their computer a day? I'm l…”
Patrick ShawOct 29, 2022▶ 8:28Building Culture, Processes and Accountablity as Remote Team.
AssertionNot checkable as stated
Rapid Funnel employs 70 remote staff on just over $3M in revenue
“Our team is 70 people in nine countries, which, yes, is probably a lot of people at just over three million in revenue now but I'll share a little bit of that, but 70 people and completely remote.”
Patrick ShawOct 29, 2022▶ 4:25Building Culture, Processes and Accountablity as Remote Team.
Insight
Self-directed quarterly goals help managers identify top-performing remote employees
“I have to remind the executive team all the time, like, don't get fixated on being control freaks over their rock. Part of it is you're figuring out who the superstars are on the team. You're figuring who rises up and takes some ownership and Executed on the t…”
Patrick ShawOct 29, 2022▶ 15:37Building Culture, Processes and Accountablity as Remote Team.
Disclosure
Rapid Funnel secured $1M from existing investors without giving up equity
“And I made a really compelling argument, put a whole slide deck together, and they literally gave us a million dollars. It's sitting in the bank, and we're using it to obviously to grow the company, which is cool, and I think it has a lot to do with the cultur…”
Patrick ShawOct 29, 2022▶ 21:37Building Culture, Processes and Accountablity as Remote Team.
Insight
Onboarding a small business takes as much effort as a 5,000-seat enterprise
“It takes us almost as much work to unload a Upload or onboard a small business owner as it does a company with 5000 users.”
Patrick ShawDec 26, 2018▶ 6:561250 Incentive Every Employee to Sell Using This Tool, $80k in MRR
AssertionNot checkable as stated
Rapid Funnel hit $2.9M revenue last year, targeting over $4M
“I just went to last year's revenues, which was 2.9 million. Our goal this year is just over four million, and we're just a little bit behind that target.”
Patrick ShawOct 29, 2022▶ 3:21Building Culture, Processes and Accountablity as Remote Team.
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