bd
Business Development chat to connect with other industry folks.
@apurvkaushal
best telegram CRM for BD & partnerships? been looking for once since a lot of time....
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@web3gurung
get notif for not replying to a tg message on slack
gud for bd folks
https://x.com/binji_x/status/1833464999483765216
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@rumad
Follow me for daily BD tips and insights!
Today I’ll breakdown my incentive design process for employees.
Start with a clean data set from your last few weeks of work; how long are specific tasks taking? Where can efficiencies be introduced or strengthened?
Develop a labor budget for tasks you want to incentivize. I use hours, but you can also use $ values.
Then, if the team comes in under budget, reward them. I take my average wage (w/o burden) multiplied by the hours saved, and give 80% of those savings to the employees. The other 20% goes into a pool for lead/admin bonuses.
Here’s an example from one team today:
Invoiced: $6885
Labor budget: $750
30 hours (3 workers, 10 hours) @ $25/hr (avg. wage w/o burden)
Team finished in 27 hours: labor savings of $75 will be split among them.
my incentive? I don’t have to budget for bonuses, more motivated employees.
My true cost of employment is $37.50/hr per worker, so I’m also keeping the burden savings ($12.50) from every labour hour saved!
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@annaplexus
Hey all! I do a lot of work hiring in BD & Sales for web3 companies. I'm always talking to people in this space and would love discuss markets and infos with everyone here. Lets chat :)
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@tin
Working full time in crypto you’ll realize that BD can be quite challenging. Hoping to make this channel into a useful resource for people to connect :)
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