Regarding the working from home, please avoid blanket statements. As an IT professional my work is not collaberative in any way that benifits from face to face engagement. In fact, not having other people constantly stopping by my desk to ask questions increases my productivity. Some job roles, or maybe its peronality types, work better when isolated and allowed to just work. My productivity is easily measured and that should be the final determining factor when making these type of decisions. Thanks for reading this far.
I had an issue where it would distract me with people walking by or into the room. You don't want to be inconsiderate, but it also takes time to get back on track. There are studies and plenty of examples showing how long it takes for someone that is deep into a task to get back into rhythm -- that usually ends up being half an hour to an hour of productivity lost. This doesn't mean you can't have conversations as those are always needed to keep the business moving forward, but it needs to be scheduled.
I think that’s the point of building the team productivity. When you get asked questions to help other departments. It’s a collective improvement not a singular
I am a circuit board designer. Like you, my entire job consists of computer work. Where I excel is in leadership roles in taking care of the customer scheduling and ensuring their products work as designed the first time. I spent 20 years doing this work in the office and am FAR better at it now, from home. My paycheck reflects that.
William, that's bullshit. I'm IT professional too, in 4 years I've been in number of projects, and seen 0 guys, who are productive at home. As Dave said, "not much work". And those, who are productive, work 3 remote jobs at the same time.
@@kma8794 My point was to avoid using blanket statements. It sounds like you've had similar experiences as Dave has. That doesn't make it true universally. My experience differs.
There’s too little revenue per employee. There’s some people not pulling their weight around there. They need to at least double their revenue per employee, hopefully triple.
I appreciate these episodes where dave has to really stretch his mind and he gives great advice and the caller has a great sense of knowledge/the answers needed to continue the conversation appropriately
Yeah we need to check and see what everybody's getting paid. Cuz if Dad is still taking like a $200,000 salary or $300,000 salary. And putting all that pressure on her that's got to stop
even if this business net breaks even, its still worth it for the family...many salaries are paid to the family to breakeven, and no taxes on the $0 net income...Dave should always note that in a family business. This breakeven business with no profit is more than sustaining many many family members salaries (not to mention any "business expenses" that are expensed through the business - vehicles, cell phones, food, supplies, etc. are all FREE to all of these internal stakeholders.)
Business wise these people are stupid. You make 1million you need a lawyer and a tax person. And an accountant these people can't make business decisions they need options and advisors.
Let me stop! You didn't hire a lawyer to go after $1.8 mil? What lesson learned? Hire an attorney. The general contractor is fibbing. If the lien was filed fraudulently, the person who filed it may be liable for damages. And, I would strongly quit and let a professional CFO run your father's company books. Because, you don't know what you are doing. I get my money upfront. It is hard to believe that you qualified for a SBA loan. I would sell to another bigger company.
Regarding WFH, funny thing was that a company did basically what Dave said. And when they saw how many people were leaving, they reverted. 😂😂😂 What Dave doesn't understand is that usually incompetent people complain and remain in the company. The competent people just leave the company and make sure that they don't go back to that company.
That company was bankrupt before that 1.8 didn't come. She has debt bc there are losing money. That gross with that number of workers doesn't even cover payroll and benefits. One of the worst ratios I've ever seen. My company is about 4x of that per employee and our net margin is healthy for nothing crazy high. 78k in revenue per employee. Should be no less than 200k. 200k is probably bankruptcy for most. 78k is staggering.
One thing Dave didn't mention when he was discussing the RTO Amazon mandate is that many of the people in these large organizations don't work in proximity to the people the work with anyway. If you are an AWS person who works out of the Minneapolis Amazon office you won't see your AWS coworkers out of San Fran. So, you are still on zoom all day, but you had to commute 30 minutes to an hour for those meetings.
Well at the point in the video where he addresses the work from home. My last job was a high performance. Building Goods supplier. I felt I was busy all the time. During covid and ice storms we had some work from home days. Also I was double duty sales and delivery driver during dec 2020. I took calls while driving and did my data entry when home i accomplished the same sales numbers with 3hrs or less from home at night. Verse 45 hours a week in office. Not everyone is low productivity at home and in the office has as many distractions.
Work from home when working deeply like coding or big task is better . However you need to be verified if that is completed . 3:2 days ratio is actually better
Or the RTO policy is being implemented to avoid a layoff. Totally get some companies need to have onsite workers. The work I do doesn’t need collaboration so my company employs people across the country and world, which works out well for them because they don’t have the overhead of an office complex. I’ve worked remotely since ‘21 and don’t miss my commute.
Bringing in an investor makes you an employee in your own company, an employee that doesn't have all the protections and benefits that regular employees yet.
Hvac company has a ridiculous number of employees! We own a hvac company and do 300k a year with one employee- my husband the owner. There’s no way they need more 10-12 employees tops. This is nuts. She sounds competent but needs to start getting this place in order. Lay off half your employees right now. Fire the ones under performing. There’s absolutely no reason for this.
GLORY!!!'m favoured, $140K every 3weeks! And am retired i can now give back to the locals in my community and also support God's work and the church. God bless America 🇺🇸 ❤️
Hello, how do you achieve such biweekly returns? As a single parent i haven't been able to get my own house due to financial struggles, but my faith in God remains strong.
YES!!! That's exactly her name (Elizabeth Ann Larson) so many people have recommended highly about her and am just starting with her 😊 from Brisbane Australia🇦🇺
Why would you let someone into you for $1.8 million dollars? Also, why do you need 32 people grossing $2 million dollars per year? They need someone to show them how to run a business.
Dave can bellyache about WFH all he wants, and he has the right to run his business the way he wants, but work is changing. These younger generations are looking for flexibility and WFH and hybrid work models.
No need to see *this* video. If somebody led his company to a situation where it *needs* 1M8 to survive, it is *already* dead. 1M8 will solve nothing and now she will OWE 1M8 on high interest, which she can´t pay back. Just let Company go. Desperate people asking for a ton of money can not pay back anyway.
@@amireallythatgrumpy6508 That bis bad *enough* to kill it, dude. What did I miss? The 32 employee part? The minuscule revenue? (for a 32 employee company). The clueless 23 y.o. manager? How does that help? YOU tell me how this mess can be saved.
@@fahey5719 If you were a thinking person you would realise this mess is only the first 10 minutes of a 49 minute video. You are focused entirely on the first of 3 or 4 calls. So get out of here with your "No need to see this video." bullcrap.
I am at the beginning of my "investment journey", planning to put 385K into dividend stocks so that I will be making up to 30% annually in dividend returns. any good recommendation on great performing stocks or Crypto will be appreciated.
As a newbie investor, it’s essential for you to have a mentor to keep you accountable. Ruth Ann Tsakonas is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market.
I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $200k passively by just investing through an advisor, and I don't have to do much work.. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.
Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analysing market movements and spotting profitable opportunities. Her strategies are meticulously crafted on thorough research and years of practical experience..
how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach? and How can i reach her, if you don't mind me asking??
Please don't make your wife become the accountant, hire one or bookeeper. Your wife is not getting her law degree, MD, to do surgeries and protect you. Let her have her own career, not be a slave to your business. Wives are above and beyond, but not supposed to be used as slaves, including accounting
So a 28-year-old is running the finances for 32 employees and the business that has a revenue of 2.5.
Where is the owner?
32 employees to gross 2.5. That’s insane. Cut the fat
Exactly, terrible numbers for a labor business.
No kidding!
32 employees jesus i missed that's 100% the problem it's a mystery their even profitable
100%! They should have absolutely no more than 10-12.
Im a GC and I’m at 1.5 mil and no employees. And my profit is 20%. 32 employees at 2.5 mil a year is setup for failure.
Regarding the working from home, please avoid blanket statements. As an IT professional my work is not collaberative in any way that benifits from face to face engagement. In fact, not having other people constantly stopping by my desk to ask questions increases my productivity. Some job roles, or maybe its peronality types, work better when isolated and allowed to just work. My productivity is easily measured and that should be the final determining factor when making these type of decisions. Thanks for reading this far.
I had an issue where it would distract me with people walking by or into the room. You don't want to be inconsiderate, but it also takes time to get back on track. There are studies and plenty of examples showing how long it takes for someone that is deep into a task to get back into rhythm -- that usually ends up being half an hour to an hour of productivity lost. This doesn't mean you can't have conversations as those are always needed to keep the business moving forward, but it needs to be scheduled.
I think that’s the point of building the team productivity. When you get asked questions to help other departments. It’s a collective improvement not a singular
I am a circuit board designer. Like you, my entire job consists of computer work. Where I excel is in leadership roles in taking care of the customer scheduling and ensuring their products work as designed the first time. I spent 20 years doing this work in the office and am FAR better at it now, from home. My paycheck reflects that.
William, that's bullshit. I'm IT professional too, in 4 years I've been in number of projects, and seen 0 guys, who are productive at home. As Dave said, "not much work". And those, who are productive, work 3 remote jobs at the same time.
@@kma8794 My point was to avoid using blanket statements. It sounds like you've had similar experiences as Dave has. That doesn't make it true universally. My experience differs.
Starting with the $2.5 and 32 employees!.. that tells you everything. You need to double your sales!
Lay off half
Seriously. 2.5 million in hvac is a lot of money but places with 6 employees can do more then that
There’s too little revenue per employee. There’s some people not pulling their weight around there. They need to at least double their revenue per employee, hopefully triple.
They need robots lol 😂
I bet they hired family who are taking advantage
I appreciate these episodes where dave has to really stretch his mind and he gives great advice and the caller has a great sense of knowledge/the answers needed to continue the conversation appropriately
Yeah we need to check and see what everybody's getting paid. Cuz if Dad is still taking like a $200,000 salary or $300,000 salary. And putting all that pressure on her that's got to stop
Exactly 👏if I have to micro manage you then I don’t need you on the team.
even if this business net breaks even, its still worth it for the family...many salaries are paid to the family to breakeven, and no taxes on the $0 net income...Dave should always note that in a family business. This breakeven business with no profit is more than sustaining many many family members salaries (not to mention any "business expenses" that are expensed through the business - vehicles, cell phones, food, supplies, etc. are all FREE to all of these internal stakeholders.)
Dave for those who want to work from home I am waiting for them at my farm....from 5 am to 6 pm at home /farm
Letting a 28 year-old handle so much money. Definitely the fault of the owners, this is super dumb. Really sad.
Business wise these people are stupid. You make 1million you need a lawyer and a tax person. And an accountant these people can't make business decisions they need options and advisors.
They are leaning too much on a 28 year old. Owner needs to take the lead on this. It's too bad.
Let me stop! You didn't hire a lawyer to go after $1.8 mil? What lesson learned? Hire an attorney. The general contractor is fibbing. If the lien was filed fraudulently, the person who filed it may be liable for damages. And, I would strongly quit and let a professional CFO run your father's company books. Because, you don't know what you are doing. I get my money upfront. It is hard to believe that you qualified for a SBA loan. I would sell to another bigger company.
Never ever ever let a contractor get into you for that much, stop working for them if they can't pay even if it's in the middle of a project.
Regarding WFH, funny thing was that a company did basically what Dave said. And when they saw how many people were leaving, they reverted. 😂😂😂
What Dave doesn't understand is that usually incompetent people complain and remain in the company. The competent people just leave the company and make sure that they don't go back to that company.
Such a business likely didn't have any competent people in the first place.
That company was bankrupt before that 1.8 didn't come. She has debt bc there are losing money. That gross with that number of workers doesn't even cover payroll and benefits.
One of the worst ratios I've ever seen. My company is about 4x of that per employee and our net margin is healthy for nothing crazy high.
78k in revenue per employee. Should be no less than 200k. 200k is probably bankruptcy for most. 78k is staggering.
One thing Dave didn't mention when he was discussing the RTO Amazon mandate is that many of the people in these large organizations don't work in proximity to the people the work with anyway. If you are an AWS person who works out of the Minneapolis Amazon office you won't see your AWS coworkers out of San Fran. So, you are still on zoom all day, but you had to commute 30 minutes to an hour for those meetings.
Caller one. 0:45
Dave nugget 15:09
Caller two. 15:58
Dave 26:54
Caller three 40:22
Funny how much dave hates employees working at home, if the jobs getting done who cares..
I'm guessing he thinks the Jobs not getting done😮
Zackly.
Employees being upset about coming back into the workplace is a clear indication of how much work they have to do at work vs. being at home.
Well at the point in the video where he addresses the work from home.
My last job was a high performance. Building Goods supplier. I felt I was busy all the time.
During covid and ice storms we had some work from home days.
Also I was double duty sales and delivery driver during dec 2020.
I took calls while driving and did my data entry when home i accomplished the same sales numbers with 3hrs or less from home at night. Verse 45 hours a week in office. Not everyone is low productivity at home and in the office has as many distractions.
Work from home when working deeply like coding or big task is better . However you need to be verified if that is completed . 3:2 days ratio is actually better
Or the RTO policy is being implemented to avoid a layoff.
Totally get some companies need to have onsite workers. The work I do doesn’t need collaboration so my company employs people across the country and world, which works out well for them because they don’t have the overhead of an office complex. I’ve worked remotely since ‘21 and don’t miss my commute.
Not all work from home jobs are created equal. Productivity actually went up with WFH at my job. When in office it’s a breathing ground for gossip.
Need 15 to 16 more ads on this video don't think theres enough...
Bringing in an investor makes you an employee in your own company, an employee that doesn't have all the protections and benefits that regular employees yet.
First caller - Bless her heart, for having no experience, she's doing a good job. Sounds like Daddy needs a clue.
Work from home while growing up was called farming....
Hvac company has a ridiculous number of employees! We own a hvac company and do 300k a year with one employee- my husband the owner. There’s no way they need more 10-12 employees tops. This is nuts. She sounds competent but needs to start getting this place in order. Lay off half your employees right now. Fire the ones under performing. There’s absolutely no reason for this.
GLORY!!!'m favoured, $140K every 3weeks! And am retired i can now give back to the locals in my community and also support God's work and the church. God bless America 🇺🇸 ❤️
Hello, how do you achieve such biweekly returns? As a single parent i haven't been able to get my own house due to financial struggles, but my faith in God remains strong.
Excuse me for real?,how is that
possible I have struggling
financially, how was that possible?
Thanks to my co-worker whom God used to give a great opportunity of crossing paths with 'Mrs ELIZABETH ANN LARSON'.
YES!!! That's exactly her name (Elizabeth Ann Larson) so many people have recommended highly about her and am just starting with her 😊 from Brisbane Australia🇦🇺
I have heard a lot of wonderful things about Elizabeth Ann on the news but didn't believe it until now. I'm definitely trying her out
The business was run poorly. Next time, make the GC or builder pay you out in installments as you hit project milestones. 30% upfront to get started
The profits are going to rentals? You’re putting all the eggs in one basket. Taking high risk jobs when you’re a small fish can bankrupt you.
To many employees for that amount of gross.
2.5 a year and you let someone go to 1.8 with out asking questions or cutting them off oh man
Why would you let someone into you for $1.8 million dollars? Also, why do you need 32 people grossing $2 million dollars per year? They need someone to show them how to run a business.
“The Fauci pandemic” 😂 say it louder for the people
Dave can bellyache about WFH all he wants, and he has the right to run his business the way he wants, but work is changing. These younger generations are looking for flexibility and WFH and hybrid work models.
Out of business. Should have had professionals doing the accounting.
Sell the business run and then run some more
😳 Do you think the company can make it back from this or is bankruptcy the only way out?
No need to see *this* video. If somebody led his company to a situation where it *needs* 1M8 to survive, it is *already* dead. 1M8 will solve nothing and now she will OWE 1M8 on high interest, which she can´t pay back. Just let Company go. Desperate people asking for a ton of money can not pay back anyway.
That's not the only part of this video, dude.
@@amireallythatgrumpy6508 That bis bad *enough* to kill it, dude. What did I miss? The 32 employee part? The minuscule revenue? (for a 32 employee company). The clueless 23 y.o. manager? How does that help? YOU tell me how this mess can be saved.
@@fahey5719 If you were a thinking person you would realise this mess is only the first 10 minutes of a 49 minute video. You are focused entirely on the first of 3 or 4 calls. So get out of here with your "No need to see this video." bullcrap.
Eat beans and rice and sell all your cars.
I am at the beginning of my "investment journey", planning to put 385K into dividend stocks so that I will be making up to 30% annually in dividend returns. any good recommendation on great performing stocks or Crypto will be appreciated.
As a newbie investor, it’s essential for you to have a mentor to keep you accountable.
Ruth Ann Tsakonas is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market.
I don't really blame people who panic. Lack of
information can be a big hurdle. I've been
making more than $200k passively by just
investing through an advisor, and I don't have
to do much work.. Inflation or no inflation, my
finances remain secure. So I really don't blame
people who panic.
Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analysing market movements and spotting profitable opportunities. Her strategies are meticulously crafted on thorough research and years of practical experience..
how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach? and How can i reach her, if you don't mind me asking??
Please don't make your wife become the accountant, hire one or bookeeper. Your wife is not getting her law degree, MD, to do surgeries and protect you. Let her have her own career, not be a slave to your business. Wives are above and beyond, but not supposed to be used as slaves, including accounting
Agree. My husband and I did this the stress almost broke our marriage
What wife this is her dad's business
Hello