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September 2, 2019

CrewPay Whatupdate No. 16

Hello, crew.

Team Accomplishments & News

  • Not this week

Product Accomplishments & News

  • Business settings link
  • Ability to manage the display name of contractor
  • Team member page modifications
  • Filter and status updates
  • Disabled user trying to login shows invalid credentials
  • Turned on billing for select customers

Sales, Marketing & Customer Success Accomplishments & News

  • Fundraising meeting with First Launch Capital
  • Direct outreach
  • Website design revisions

Revenue & New Clients

  • 16 transactions last week (282 YTD)
  • $45,249 sent last week ( $750k YTD)
  • 1 new company, 1 new contractor
  • 12 companies, 6 active in the last month
  • 74 contractors, 55 active in the last month
  • Totals:
    • MRR: $275* 
    • ARR: $3,300*
    • MRPC: $45*

*not charging right now but estimated if we were

Closing Thoughts

We’re coming off another very productive week. We finished a payments page update (releasing next week), sent the website designs to development, and had a great work session with Lou Anne and Troy to map out fundraising goals.

As we start September, I’d like us to focus on a specific target through the end of the year. Here’s what I propose. I’m calling it Two by 200.

Two

  • Releasing 1099 service
  • Releasing Quickbooks integration

200

  • Number of active contractors by 12.31.19

Why this is important?

The 1099 service and Quickbooks integration are two of the bigger features we’ve set as a goal for this year. There are a lot of other ideas and things we can do but these two are significant for the marketability and utility of CrewPay.

200 active contractors gives us a minimum of $1,000 in MRR. If we can do $1k in MRR, we can do $100k.

Let’s go!

Ever,

David

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