# Q3 Update | Contractor+

- Canonical URL: https://wefunder.com/feed/176199
- Entity ID: wefunder:feed_item:176199
- Published at: 2024-09-23 21:22:22 UTC
- Updated at: 2025-07-09 03:40:57 UTC

## Author
Justin Smith

## Subject
Contractor+

## Content
Hey all! I wanted to take a few minutes to put together a quick update from where we ended the campaign last month.We've been hard at work on our Laravel & React "V2" rewrite. Big updates coming by EOY.Quick Stats:We're at $39k MRR.11.43% growth since we closed our campaign on August 9th.Our Monthly Non-Recurring Revenue is $9-10KOur Burn is normalizing now that we've closed the campaign, looking at ~$20k by October. At our current growth rate, we're looking at around 11 months of runway.Churn is still looking great, net churn under 5%.Highlights:1) We've been aggressively interviewing and have made a couple really strong hires in the past few weeks including:Two Full Stack Developers (Laravel & React). I'm really confident in both of these hires. They're getting up to speed with our code base right now and it's just a matter of time beforeSEO Manager - In the first few weeks Aju has done an amazing job of reviewing our content strategy, topic graph, finding all the factors that are negatively influencing our organic rankings, and identifying over 1,000 organic search opportunities that will more than 10x our traffic over the next 6-9 months. He's crushing it.Bi-Lingual Customer Success (Spanish & English) - She starts in October, but I'm convinced she'll be an asset to our team. 2) We're actively optimizing ad campaigns to get better results with lower budgets. For August on Google we were able to get a ~10% increase in top of funnel conversions with a $3k reduced budget. Further optimization is happening in September. To date, we also have never ran search traffic. It's been 100% mobile focused. We've deployed some highly optimized landers to go after higher-intent search traffic. Will be an ongoing process of optimization but we're definitely headed in the right direction with our customer acquisition.Lowlights:We lost our tech lead, which was really important to finish this rewrite on schedule. It's a long story but, he had a difference of opinion with our CTO and chose a different career path. We've had really good employee retention to date. This has been a pretty major set back for us, but we're working through it.Our burn was incredibly high during our active raise. The cost of capital with crowdfunding is a lot more than we anticipated. But we're making it work. We've cut expenses, consolidated where possible, doing the necessary cuts everywhere to adjust for what we have to work with. Product Roadmap:We cannot release any updates to our product until the V2 rewrite is completed, but when it goes live, there's A LOT of huge improvements that are going to have a very positive impact on retention, ARPU, LTV, etc. Some of these enhancements include:~7x Faster Load Time - Near Instant Loading on any screen. You click it. It loads. No wait. Currently many screens throughout our app have multiple backend API calls, and the response times can vary, creating a less than optimal user experience. No one likes to wait! Improved UX Design for List View & added alternative "Card View" for all modules across our Web App. This makes Contractor+ more user friendly, easier on the eyes, and just an overall more pleasant experience.Estimates V2 - We've weighed in over 60 suggestions from our customers. Hands down Estimates gets more usage and feedback than any other module in our solution. Based on user feedback and our analysis of competing/leading solutions, we've built an estimation experience that really saves time and helps our users win more bids. Improved template system for huge time savings, including Line Item Templates, Group Templates & Estimate Templates. Added multiple line item "Types" including Labor, Material, Equipment, Assembly, Permit and Text/Information. Added an improved UX for adding Markup or Margin. Added a Ratio Lock for adjusting materials in an assembly based on the Sq. Ft. or Linear Ft. We've added the ability to make a line item optional, with multi or single select... So now you can give your clients options, and dynamically populate their totals based on their preferences. We've vastly improved what your clients see, completely redesigned the experience for Mobile eliminating clutter and "beautifying" everything. This also translates to the Invoice and Change Order modules.Schedule V2 - We've completely revamped our Drag & Drop Schedule on Web, as well as our native mobile calendars, We already have great integrations with all 5 leading calendars, but the goal is to give our users what they need in our app, without needing to go elsewhere. They've asked/suggested, and we've listened! We're adding both Unscheduled & Unassigned events. We're adding a Map View to schedule based on location. We're adding each available users distance in the assignment selection menu, we're adding printer-friendly templates to quickly print and dispatch daily or weekly schedules offline. And from mobile, we're adding both weekly and monthly views. This has been requested by dozens of users, so we're confident it will have a big impact.CRM - Opportunities Kanban, Deal Flow Value Tracking/Reporting, Bi-directional email & SMS, Property Level Profiles (a complete profile and schedule for each individual service address/property). Major improvements across the board in usability, functionality and aesthetics.Signup, Onboarding & First Use Experience - We're having a third party audit our first use experience with the goal of getting our install to signup ratio to 75%+. We've revamped this a couple times before, with the help of some trusted advisors. But there's still some work to be done here. One thing we've actually just completed (will go live in the next week), is eliminating the "intro Screens" from mobile. We noticed competing apps have done this recently, and our hunch is "information overload" up front may actually reduce the TOF conversions. Better to simplify, dumb down, keep it stupidly simple and leave enough curiosity to drive conversions. Another area that needs improved vastly is after you complete the signup process, the mobile dashboard on first use is pretty ugly. Just doesn't hit right. We're addressing that now. Will be sending a quarterly email out here soon to direct/accredited investors with financials. Thanks for your continued support!