The Novavi intention is to get into the black as quickly as possible, and stay so indefinitely.
Being in the black means that Novavi keeps a float covering all expenses for a rolling year in advance (taxes, infrastructure, projected administration costs, etc.) + 10%. This is reviewed every 6-month tax period.
Novavi prefers to deliver courses with at least two trainers for each event. While this leads to a lower individual trainer income, it provides:
an optimum learning experience for the students.
rapid opportunities for improving our course delivery skills, assets, techniques and habits.
a more sustainable pace by sharing the load.
In this way, we build and sustain the best learning experience possible. We drink our own champagne in putting customer value first.
For on-line courses, paired delivery is mandatory. For physical classroom delivery, paired delivery is recommended when class sizes are above double the minimum number of students.
For all other services, we prefer paired work wherever possible. This ensures maximum value flow for customers and excellent opportunities for mutual feedback and kaizen for the Novavi people undertaking the work.
The bulk of the net revenue from an engagement goes to the people doing the work
The percentage split between the workers and Novavi will be reviewed quarterly - adjusted based on volume and costs, so as to comply with the overall principle, Keep in the Black
Workers are responsible for their own travel & expenses
, unless already covered by clients.
Novavi sets aside a percentage of the overall profit for distribution among the workers
To be determined quarterly – see the overall principle, Keep in the Black
Workers that have contributed effort in the quarter will send an invoice for their relevant share
. People get paid a fraction of the profit proportional to the contribution of their work that quarter.
Workers other than shareholders get paid on an invoice basis. The worker submits an invoice to Novavi. Payment of the worker invoice happens within a day of Novavi being paid by the customer.
For taxation simplicity, shareholders will be paid through shareholder salary.
The rest of the revenue goes to Novavi for marketing efforts, product development and administrative work
Licensing and Agreements
Lean Agile Intelligence.
Lean it 101.
Other partnerships, as needed.
Bookkeeping, GST administration & accountancy
Website/blog fees - WordPress.com
Image royalties, if/as required
Online training facilities/infrastructure
Product development tools
Vector graphics editing - Adobe Illustrator CC
Office 365 - as new workers join in
Any other tools and infrastructure that may become necessary over time like a Moodle portal, Lastpass password management, full Adobe CC suite, etc.