Is My Team Taking Advantage of Me?
Вставка
- Опубліковано 21 кві 2024
- Today we’ll hear about:
• A business owner struggling with compassion fatigue because her team is taking advantage of her
• How one-third of business owners are concerned they’ll close in 2024 and are looking to AI for help
• A business owner who is making $4 million a year but is trying to overcome discouragement from facing a mountain of debt and customers who won’t pay
• How Dave Ramsey pays his upper management team members
Next Steps
• 💵 Learn more about Ramsey SmartDollar: ter.li/yqv2qe
• 🗳️ Submit your question for a chance to be on the show with Dave Ramsey: bit.ly/3HUgAgi
• 👣Find out what stage of Business You’re In: ter.li/0uyu0q
• ✉️ Sign up to receive tactical tools, advice and resources in your inbox every week: ter.li/at23fk
• 🏢Attend EntreLeadership Summit: ter.li/fssfms
• 🎤Attend EntreLeadership Master Series: ter.li/ss7q48
• ☎️ Learn more about EntreLeadership Coaching: ter.li/xxg138
Offers from Today's Sponsors
• NetSuite: ter.li/67yj4w
• BELAY: ter.li/5i6ur4
• Payority: ter.li/2dycb8
• Trainual: ter.li/23jb80
Listen to more from Ramsey Network
🎙️ The Ramsey Show ⮕ ter.li/ubmnws
💸 The Ramsey Show Highlights ⮕ ter.li/2oijd8
🍸 Smart Money Happy Hour ⮕ ter.li/2wha5j
🧠 The Dr. John Delony Show ⮕ ter.li/11io3b
💰 George Kamel ⮕ ter.li/o3s50e
💼 The Ken Coleman Show - Highlights ⮕ ter.li/zz3qrs
Learn more about your ad choices: www.megaphone.fm/adchoices
Ramsey Solutions Privacy Policy: www.ramseysolutions.com/compa...
An old Army friend once told me they way they teach leadership in the Army is to be three things: Firm, fair, and consistent.
I rate my customers on a good/better/best model. A good customer pays on time so 30 days(very low bar here); a better customer has a fair volume and pays on time; best customer is high volume, high margin, and pays when it leaves the door. There is no room, nor do I want to waste the time, for a customer that will not, at the very least, meet my definition of a good customer. I have been in business for 12 years and have only 1 customer in the best category with the rest being split almost evenly (using a dollar average) between good and better.
Ever notice employees only get food poisoning on Sunday nights?
No Monday twenty minutes before work
I’ve never had to call off because of a belly ache😂 just maybe a few more trips to the john
@@Faithful247 I have before... If I'm crapping every 20 minutes so much that I need to take a shower. I'm not going to go into work.
@@pepperonishgotta' go easy on the habanñero peppers.
The reality is that if your employee doesn't get sick often. They're going to use their sick time for personal time...like taking a long weekend.
As a kitchen bath remodeling company, I always charged 50% up front, 40% at time of materials delivery/start of work, and 10% at end of project. I NEVER had one customer who didn't work with me. Reputation is far more valuable than you may think!
That sounds like your customers are the home owner. That is very different than the caller's situation, where his customers are these big construction companies.
My customers are small businesses. I invoice monthly, after work is complete. Smaller jobs, couple thousand each invoice. Never had an issue in 12+ years.
A reputable company asking 50% down is reasonable. It pays for the material that they have to pay for within 30 days of purchase. They then layout the payroll funds to build it before asking for payment. They have to trust they will get paid. So trust goes both ways. Take the time to research a company before signing a contract. Research their license with the state regulation board to see if there are any sanctions against their license. Also request certificate of insurance WITH YOU named as the certificate holder. It must be for general liability AND workers comp if they have any employees. Make sure the dates of coverage on the certificate are for the dates they will be on site. If close to expiring, as a cert holder, the insurance company should send a new one with new dates. If they don't pay their insurance premium, you will be notified because you are a cert holder.
Yep, I work in window installs and if the customer wants to pay cash it’s half up front for us also. We can be more flexible with the downpayment if they finance, but as a follower of Dave I try to encourage cash when possible.
There is a HUGE difference between a small business and one with 1000 employees. In terms of additional PTO, if it is possible to allow the person to work her full number of hours but still take off for treatments, that's great. If not, figure out a way to allow her to take the time for treatment unpaid. What Dave didn't say is that if the treatments work, she's going to become a "what I can't do while I'm pregnant" employee and then take maternity leave....and maybe then decide that she wants to stay home with the child. She is the one who chose to use all her PTO; you owe her nothing. As female business owners, we have a tendency to view our employees as friends. I was always surprised when my male colleague would say things like "She's a good employee," but he never allowed that line to be crossed. Before people jump all over me....when you have a staff of 6 and someone takes maternity leave, you can't just shuffle people. We needed to hire a person who understood up front that the job would be temporary. The cost of that person come straight out of the business owner's paycheck. For vacations and shorter leaves, we could usually shuffle hours of existing staff. Yes, we did give paid medical leave because I viewed it as the right thing to do, but that didn't make it easy to provide.
good point
The punch lines are great
Well is she going to give her other employees the same PTO? You can’t do that because that’s not fair to the other employees and those people are going to feel like they were stolen from and leave
Agree with this. The policy should be the policy. When you're out, you're out.
I wonder if the employees get the same amount of PTO as the caller gives herself
Saw a meme this weekend: “Best part of a new job is all my grandparents are alive again” 😂
😂😂😂😂
How much time off are you giving them 12 days ? Or 28
The graveyard is full of indispensable people.
Remington is my fav but it's like..personal so it'll never be what it actually is.
So happy you’re addressing AI. There is software that identifies plagiarism. Amazon can use that software if they want to.
No construction job of any size is going to pay 50% up front. Even if the people you are working with are inclined to do so, there is no way they will be allowed to do so by company policy. Just increase the price 10% to cover the additional cost on having 120 day terms. No confrontation and the customer’s accounting team thinks they are coming out ahead by having such long terms when in actuality they are losing more to you.
Ok if you say so
I guess, why believe Dave when we have you.
@@michaelnwidoh6980because Dave doesn’t understand subcontracts from a GC. There’s good ones and bad ones and you can’t work with the bad ones how he says.
Funny, when we want to deal with contractors, most people go by the 50/50 rule, so what do I know.
Incorrect. The customers slow paying are acting in bad faith. That man should place a mechanics lien on every job in case they try this dishonest slow pay tactics.
Many large subcontractors require 50% upfront or the sub offers job financing if they can’t pay as a condition of the contract. This caller needs to have net payment terms and interest charges clearly outlined in his contracts with liens involved. I’ve owned and built 3 service/trade companies and we made fantastic money and never let bad clients try to cheat us with slow pays
Whoa!!! Well, that’s ok. I will listen to your program in spite of your politics.
Housing developers are some of the most cut throat people to work for.
Absolutely! They are scamming you! I have been trying to warn you for years..
I deal with this all the time. Give them a chance and after that just let them go . We get 180 pto the first year. But these people trail 0 pto all the time.
Dang that’s a lot!
@jessicaklein4389 I know right. And they still do this. Plus, we get a day every year after that until you cap at 7 weeks. But they still do this.
I worked with a lot of disinterested co-workers.
I'm sure none of them grew up with God-honoring mentors around them.
Face the facts ...like..okay I. A cop so I'm gamna do this song if anything happens it's on me. Come forward
Actually, ice went in the top of a ice box, not in the bottom, as cold flows downward to keep items below cold.
Just as clarification - it's she is not a 'vet by trade', but a 'doctor by education'.
You should see my lion.
Lol, Dave. Both 8% and 10% are round numbers.
Secret...and then tell people.1914 can change everything for Elvis ease
Work enough to keep you...she's pregnant. And wants more from life..obviously it's not a drug deal.
Giant elephant is sealed.
Personally, i think its pretty disgusting to fire someone for needing time off for fertility treatments. Employee's will lie to employers in this situation become they rightly believe theyll be fired for being honest about how much time theyll need off. I would just coach this person to be more upfront and work with them to find a solution for the extra time off, maybe just earlier alerts of what days theyll be gone so the business can plan appropriately and swap around shifts if needed for a couple months. It really shouldnt be that hard
Really really depends what kind of job they have. Basically, if you have to hire someone to fill in for the time they're off then you're just sacrificing the new person and paying them less than they're worth so you can take care of the old person who is no longer prioritizing the company. Nothing wrong with prioritizing family but it hurts everyone when you try to give worker job titles and payment to non-workers.
There is a subreddit called r/antiwork , these people are insufferable.
Ramsey bashed Clinton, but he was the last president to balance the budget. How come no credit where credit is due, DAVE RAMSEY?????
Newt Gingrich balanced the budget. Balancing the budget was a GOP priority, Clinton had no interest. Clinton was vetoing balanced budget bills and he vetoed all the legislation that would have headed off the current massive deficits.
@@gorkyd7912 Newt Gingrich’s claim to fame is promoting and instituting the most viscous, hate filled, brand of politics in the history of our country. Our enemies and adversaries are sitting back watching the show and laughing while we destroy ourselves. Thanks for helping to destroy our wonderful country, Newt Gingrich.
@@paulh1745 I lose interest when I know people are lying to me. I've not met a leftist who was not a liar. Maybe it's the belief in relative morality, or maybe they just honestly have no idea about facts because all they know comes from biased left-wing media using alternative facts to paint a plausibly deniable narrative. Are you going to pivot to Trump's mean tweets now? We were talking about the economy, remember?
@@paulh1745 If Newt Gingrich invented "viscous" hate-filled, brand of politics then why were there 6 attempted presidential assassinations before Gingrich was ever elected? Do you know the man who shot Reagan is currently walking free?
The guy in the grading business who is crying the blues because he only nets $400,000 a year I don’t have his ass kicked. I think he should close down his business and see if he can find a job that pays $400,000 a year.
What is he talking about with inflation? Inflation is dropped to about 3% over the last year. How much better can that get? Much of today’s inflation was caused by two major factors one of course is Covid and the other is the gigantic deficit spending that took place under my president, Donald Trump. He increase the national debt in for short years, heading towards $9 trillion.
There’s a difference between deflation and disinflation. Even though inflation rate is down now purchasing power since 2020 is about 1/5 of what it used to be.
@@austin6174 ahh, so a dollar in 2020 only buys 20 cents worth of goods in 2024????? I don’t know where you get your facts, but you are very, very mistaken. I would refer you to the US Department of labor, bureau of labor, statistics for consumer price index, inflation. I would also like to point out that research has shown that 58% of inflation that we’ve experienced is due to corporate greed. It’s amazing that you talk with absolute authority when you don’t have a clue what you’re talking about. Wait, maybe you’re in a foreign country.