"The other partners left and took all the clients and now we don't have a clue what to do for ourselves" ....is it just me or does it sound like she and her husband were the dead weight in the business that got pushed out by the other successful productive partners?
Considering the partners where the mentors and the husband was the mentee, and they have only been working with one potential client in the mean time it's very possible. If not however, the clients that the partners "stole" will work that out eventually.
@tate6809 I heard the same thing. I believe anybody who has real world experience growing and/or operating a business would hear the same thing. In the real world you have to claw and scrape your way into profitable deals. If it were easy, it wouldn’t be that profitable. This caller sounds like she may be hurting herself with self-pity. Nobody “steals” your clients; they just leave.
Yeah but I feel like the "mentors" had this plan from the beginning. They know these people would be in a bad spot and they'd be there to undercut them and poach the clients. These are the types of skeeze bags that ruin entire industries.
@@PKPTYanti-ratio'd. What hurt you? And just saying "you're clueless" doesn't mean anything and isn't an argument. If the clients were "stolen" then couldn't the caller just call up the client and offer them a better deal? Nope, the caller has exposed themselves to the client as not being the person for the job.
It’s true that can’t “steal” but they can gather all important information and go to another company and lie and convince you to change which is essentially stealing.
Like a previous company i worked for the owner hired his nephew, the nephew worked there for 8 years and then took all contacts and started his own company with a coworker while the owner was passing away & still being on the company payroll. Both the guys divorced their wives, treated everyone like garbage and would laugh when they fired employees. They're still in business today and I've never seen such a toxic environment all for the pursuit of money. Why are people like this blessed financially?
At my work they are pretty lenient with when you show up in the morning, understanding with appointments, etc. because everyone is working WAY more than 40 hours a week. (I get in at 8:30 after dropping my daughter off at school) If my supervisor demanded I be at work at 8:00 everyday I'd say "Yes Sir, absolutely, whatever you need." I'd be in by 7:45 am and I'd be walking out the door at 5 every day. Our leaders are smart enough to know that you don't bust someone's balls for being 30 min late in the morning when they are putting in 60+ hours a week. 2 weeks ago we had deadlines to meet for several projects and I was working 14 hour days. I had 40 hours in by Wednesday. Salary, no paid overtime. Hell I've worked 90+ hour weeks for over a month before. Wife was pissed but it earned me a massive raise and a promotion.
@bobjames6622 , my salary is paid for by me bringing in my own contract work. Yes, it is stressful sometimes, but I'm also in charge of my own destiny, so to speak. If I stop bringing in work... then that's on me. I would never be fired without some significant cause.
Yeah, your boss is smart enough to know that they get free 40hrs a week of work out of you just by letting you come in late. Is that deal really in you favor?
Dave’s advice on focusing on rebuilding trust and securing new clients is crucial for anyone restarting their business journey. It highlights the importance of resilience and adaptability in leadership, especially after facing setbacks. 👍
I love listening to Dave. He really grasps so many aspects about business. Every time I listen I learn something helpful and am also fired up to get my day started.
I had a non-business experience with best revenge reminder of it the other day. Two Old evil weebils pretty much drove my husband and I from our old neighborhood. 11 others left the hood because of them so we were hardly alone. I had 4 years of the best time of my life looking for houses. I lived on zillow and still love it. I found parts of my city that I'd never seen before and found a warm, loving nearly perfect area in a house that's all one level to age in place. And we bought at a good time and our house is now worth double what we paid. They did us the biggest favor by ooking us out of our complacency. The other day I cut through there and saw them walking their dogs. Time has ravaged them and their houses look demo ready. Uh huh. Thanks Ladies and thank You Lord for the glimpse into the true them.
I’m listening to each and every episode of Entreleadership. I learned quite a lot, and love it . Thanks Dave ❤️🙏🏻❤️ You play a great role in helping entrepreneurs and business owners, thanks again.
That second story was almost the exact same issue my father had with a family business. They also both owned real estate together and ultimately solved it the same way Dave recommended. They split up real estate for my father to buy my uncle out.
They seem to have fallen into a niche where they had 3-4 built in clients and it didn't take any effort to grow the business (it took work but not effort) either luck, timing, or some combination there of. There is a big difference in succeeding when you have to battle to win vs the easy road they had the first time around. They need to do soul searching and decide do they have the skill and drive to build it back, an honest assessment, and if they do then commit and build it, if not move to a new industry or get a 9-5.
Its a tough story to like since there is no focused information on the business. I would have loved to hear the "villain" mentors side of the story as well.
@@codegeek-il5fm she even said they acquired all those employees within a span of three months. Kind of confirms they didn’t understand staffing requirements and just hired for the sake of hiring
That was my first thought too esp. in LA. The last company I was with was about the same size and grossed well over $5 mil. $1 mil only covers payroll, worker comp., etc for about 10-12 employees
Lol, I have been chronically late before in the past. My boss pulled me aside and pretty much told me that it was going to negatively impact my career if I didn’t get better. I also got a promotion. It’s definitely given me a lot more motivation to be more punctual.
I agree up until the revenge part. For you to "Exact" revenge means you are still thinking of the other. Let go and don't look back. I have never seen a foot race won by a person looking back the whole time. Take care and keep your friends close and your enemies closer.
That lady is so emotionally attached that is preventing her from creating new connections, customers and jobs. If you didn’t once you can do it again..
I wonder if with the high preforming recruiter on PIP, if she could work with someone that is good with documentation . It might allow her to add more value where she does it best.
The brothers situation. He should buy his dad out. Then dilute brothers shares. Then remove share voting rights. Then appoint himself as sole exec of company and then he has total control
Hello sir I am a 32 year old disabled man. My sister conned me by doing a word of mouth agreement and signing a document stating I was putting 9.5k into a house with her for mutual ownership. She never put the title in both our names, locked me out, and in 5 years has only paid back 1.9k and hasnt paid in over a year.
Her language is so reactive instead of proactive. She needs to stop focusing on what happened in the past and work on her and her business. Basically what Dave's saying.
It sounds like the first call mentions how she was working on a contract that might have set them up, but what the hell is her husband doing? I never hear of him doing anything?? I mean, he must do something right ?? Are they just looking for an easy set up?? The less effort in and then they can feel like they’ve succeeded if it’s a big income pull? I wish you would’ve asked more questions about this because we don’t even know exactly what they did. Why didn’t he ask what her husbands part in it was . He is supposed to be the leader of their home. At this point, I don’t think we got enough information. I’m also asking why the mentors were depicted as bad guys?! The mentors are the ones who have the experience and knowledge and were trying to get these two in a movable direction and just because they had a couple big contracts well it doesn’t sound from this call that they have what it takes to actually grow, grow grow? maybe these two were more self focused instead of team players for the company? I don’t understand why there weren’t more details shared because from this take away it sounds like the man just sat back and did pretty much nothing in 2023 and then let his wife try to get the ball rolling and it fell through and now they’re just back in the Kleenex box?
Having the people that mentored you, then invested in you and then aquire the clients from you to themselves, well. If i was the client, i would have a hard time giving my business to these people if i knew of this. I dont like giving my money to morally corrupt people. That is if it is as simple as told.
While there is often useful information here, when Dave gets into this bizarre rage, as he did with the second call, which seems to almost always revolve around hatred and destruction of family over money, it’s disturbing. He has to have some kind of deep seated issues that he has never resolved. And it is not good advice. It is definitely not Christian, as he professes to be. He also makes sweeping judgements based on incomplete information, almost always taking the side of the caller against people he knows nothing about, who can’t speak for themselves. On the first call, it seems significant that the “bad” partners were her husband’s mentors. Meaning, from their point of view, they made him, and maybe he wasn’t carrying his weight. On the second call, there has to be more to the situation. If these brothers built this business over 30 years with no problems, it could be that they’ve made enough money that they could all retire if they wanted to. The fact that the caller was thinking of offering a buyout suggests that’s the case. It would have to be assumed that for most of that time, decades, the other brother was doing his part in building this business, and deserves credit for that. Whatever the situation, going nuclear and destroying the family, including a 90 year old father, should not be the first response. It’s just plain weird. Maybe this is all “show biz” to Dave and this is his idea of being entertaining, playing games with people’s lives. But it’s really destructive advice if people take him seriously. He started dialing it back towards the end, probably realizing it was wrong, but the fact that that was his first response is disturbing.
Dave still advises men to go out and get married without a prenup. He lost all financial credibility for me once i heard that and never took anything he says seriously
@@vaportrails7943it’s not hate his brother is stealing from him and Dave is saying to stop it now and if that ruins their relationship so be it also I think he knows that if a guy has let that slide for four years he needs to get riled up a bit to really take action
"The other partners left and took all the clients and now we don't have a clue what to do for ourselves" ....is it just me or does it sound like she and her husband were the dead weight in the business that got pushed out by the other successful productive partners?
Nahhh, we don't know that. They did make mistakes, growing too fast with only three big clients. But dead weight?
It’s just you
Considering the partners where the mentors and the husband was the mentee, and they have only been working with one potential client in the mean time it's very possible. If not however, the clients that the partners "stole" will work that out eventually.
@tate6809 I heard the same thing. I believe anybody who has real world experience growing and/or operating a business would hear the same thing. In the real world you have to claw and scrape your way into profitable deals. If it were easy, it wouldn’t be that profitable. This caller sounds like she may be hurting herself with self-pity. Nobody “steals” your clients; they just leave.
@@Imbadatgolf that last sentence says it all. Nobody steals your clients; they just leave. They will hire whoever does the best job.
The second caller was eye opening. You can't 100% trust your family in business. Things can change over time. Get paperwork from day one !!!
NEVER DO BUISNESS WITH FAMILY,NEVER!
No-one can "steal your clients/customers...." Clients/customers Leave when they find a better deal/offer....!!!
you are clueless
Yeah but I feel like the "mentors" had this plan from the beginning. They know these people would be in a bad spot and they'd be there to undercut them and poach the clients. These are the types of skeeze bags that ruin entire industries.
@@PKPTYanti-ratio'd. What hurt you? And just saying "you're clueless" doesn't mean anything and isn't an argument. If the clients were "stolen" then couldn't the caller just call up the client and offer them a better deal? Nope, the caller has exposed themselves to the client as not being the person for the job.
It’s true that can’t “steal” but they can gather all important information and go to another company and lie and convince you to change which is essentially stealing.
Or the customer finds a better service or someone more competent
Ive had partners steal customers in unethical ways but stealing your whole business ?! You gotta be wildly incompetent for that to happen
Long time ago i caught two people conspiring to steal clients from my company and set up independently as they copied me into an email.
There's a lot shes not saying about why the business went down.
I agree.
Or what the industry is...
Like a previous company i worked for the owner hired his nephew, the nephew worked there for 8 years and then took all contacts and started his own company with a coworker while the owner was passing away & still being on the company payroll. Both the guys divorced their wives, treated everyone like garbage and would laugh when they fired employees. They're still in business today and I've never seen such a toxic environment all for the pursuit of money. Why are people like this blessed financially?
Mm probably because god is not a real thing and there is no reason for anything to be fair lol
Simple… Because they work hard and talk a good game.
Because $$$ is the most important thing,,yes even more important than people
Don’t worry, you don’t know what REALLY going on behind the scenes. God shall not be mocked. 🙏🏿🙌🏾
@@Spencer_SpGOD is REAL & so is Satan, we see whose side you chose. Soon EVERY KNEE SHALL BOW & TONGUE SHALL CONFESS. 🙏🏿🤷🏾♀️
Maybe it’s just me but 34 employees on 3.5 million in revenue sounds like way too many employees.
Hopefully a lot are part time 🤷♂️
At my work they are pretty lenient with when you show up in the morning, understanding with appointments, etc. because everyone is working WAY more than 40 hours a week. (I get in at 8:30 after dropping my daughter off at school)
If my supervisor demanded I be at work at 8:00 everyday I'd say "Yes Sir, absolutely, whatever you need." I'd be in by 7:45 am and I'd be walking out the door at 5 every day.
Our leaders are smart enough to know that you don't bust someone's balls for being 30 min late in the morning when they are putting in 60+ hours a week.
2 weeks ago we had deadlines to meet for several projects and I was working 14 hour days. I had 40 hours in by Wednesday. Salary, no paid overtime. Hell I've worked 90+ hour weeks for over a month before. Wife was pissed but it earned me a massive raise and a promotion.
That's great! Until you burn out.....and then your company will dump you in a HEARTBEAT! Must be MAD to do what you're doing.
@bobjames6622 , my salary is paid for by me bringing in my own contract work.
Yes, it is stressful sometimes, but I'm also in charge of my own destiny, so to speak. If I stop bringing in work... then that's on me.
I would never be fired without some significant cause.
Yeah, your boss is smart enough to know that they get free 40hrs a week of work out of you just by letting you come in late. Is that deal really in you favor?
Are you Crazy? Working extrahours for free? Don't you have a life?
Dave’s advice on focusing on rebuilding trust and securing new clients is crucial for anyone restarting their business journey. It highlights the importance of resilience and adaptability in leadership, especially after facing setbacks. 👍
Well said!
Ai generated comments are trash
“Your Ex-Partners are living rent-free in your head”. That is gold. To get over being wronged I have to own my part in the process whatever that was.
I love listening to Dave. He really grasps so many aspects about business. Every time I listen I learn something helpful and am also fired up to get my day started.
I had a non-business experience with best revenge reminder of it the other day. Two Old evil weebils pretty much drove my husband and I from our old neighborhood. 11 others left the hood because of them so we were hardly alone. I had 4 years of the best time of my life looking for houses. I lived on zillow and still love it. I found parts of my city that I'd never seen before and found a warm, loving nearly perfect area in a house that's all one level to age in place. And we bought at a good time and our house is now worth double what we paid. They did us the biggest favor by ooking us out of our complacency. The other day I cut through there and saw them walking their dogs. Time has ravaged them and their houses look demo ready. Uh huh. Thanks Ladies and thank You Lord for the glimpse into the true them.
I’m listening to each and every episode of Entreleadership. I learned quite a lot, and love it .
Thanks Dave ❤️🙏🏻❤️
You play a great role in helping entrepreneurs and business owners, thanks again.
That second story was almost the exact same issue my father had with a family business. They also both owned real estate together and ultimately solved it the same way Dave recommended. They split up real estate for my father to buy my uncle out.
They seem to have fallen into a niche where they had 3-4 built in clients and it didn't take any effort to grow the business (it took work but not effort) either luck, timing, or some combination there of. There is a big difference in succeeding when you have to battle to win vs the easy road they had the first time around. They need to do soul searching and decide do they have the skill and drive to build it back, an honest assessment, and if they do then commit and build it, if not move to a new industry or get a 9-5.
Its a tough story to like since there is no focused information on the business. I would have loved to hear the "villain" mentors side of the story as well.
There's 3 sides to every story, your's, theirs, and the truth.
Flip “I got fired” to “get fired up!” 🔥🔥🔥🔥🔥🔥🔥
34 employees with only 3.5 million revenue revenue is not great margins….
May be not all were full time employees.
@@codegeek-il5fm she even said they acquired all those employees within a span of three months. Kind of confirms they didn’t understand staffing requirements and just hired for the sake of hiring
@@codegeek-il5fm 2 to 35 team members in 3 months.
learn from the past and grow through the experience in the future decisions
That was my first thought too esp. in LA. The last company I was with was about the same size and grossed well over $5 mil. $1 mil only covers payroll, worker comp., etc for about 10-12 employees
100k to 250k per employee is pretty average
Dave telling da truth to that first caller. I hope her and her husband are moving forward and getting stronger.
All the advice from Dave on this episode was totally spot-on 👍
Your advice is incredible, Mr. Dave Ramsey. Incredible.
Really needed this episode today
Such great advice to the 1st caller.
How much would it cost to take on more calls every week? I’d pay a subscription to listen to more of these calls!!!
if you were the ones that that took care of clients why did the clients go with your old partners when you went your separate ways?
thank you Dave. I've been facing all these problems.
Lol, I have been chronically late before in the past. My boss pulled me aside and pretty much told me that it was going to negatively impact my career if I didn’t get better. I also got a promotion. It’s definitely given me a lot more motivation to be more punctual.
“The rear view mirror is smaller than the windshield for a reason”
Dave Ramsey 24’
Great Episode Dave really liked what you had to say.
I died when that guy said "that's going to go over like a lead balloon."
First time listening to this podcast and it is great
I agree up until the revenge part. For you to "Exact" revenge means you are still thinking of the other. Let go and don't look back. I have never seen a foot race won by a person looking back the whole time. Take care and keep your friends close and your enemies closer.
Best episode yet! Keep it up Dave!!
Things like this happen all the time. Employees learn the business and go off on their own. It’s nothing new, it’s part of the business world.
Stealing clients along the way
"my brother likes this set up" 🤣🤣🤣well off course, he gets paid to do nothing
NO WORK-IE NO PAY-IE
That lady is so emotionally attached that is preventing her from creating new connections, customers and jobs. If you didn’t once you can do it again..
clients went with the old partners and now they cant make progress without the old partners? maybe they were never what made that business work
Three clients is not a business. Having all your eggs in one basket is only one of the oldest saying in the book.
That happened to Suze Orman’s first business. Devastating.
I wonder if with the high preforming recruiter on PIP, if she could work with someone that is good with documentation . It might allow her to add more value where she does it best.
We choose to learn from our past. Live in the present. And look to the future with hope and love. 😊
Thank you Sir
The brothers situation. He should buy his dad out. Then dilute brothers shares. Then remove share voting rights. Then appoint himself as sole exec of company and then he has total control
Hello sir I am a 32 year old disabled man. My sister conned me by doing a word of mouth agreement and signing a document stating I was putting 9.5k into a house with her for mutual ownership. She never put the title in both our names, locked me out, and in 5 years has only paid back 1.9k and hasnt paid in over a year.
Please I need advice
She's a criminal. You need to pursue her in court.
Sorry to hear about what your sister did but you need to sue her she is toxic. NEVER trust anybody, not even family.
You need to sue her, she is a crook. Do not trust ANYBODY not even family and keep your finances to yourself.
Her language is so reactive instead of proactive. She needs to stop focusing on what happened in the past and work on her and her business. Basically what Dave's saying.
When you fire her production goes up. It’s like me and my middle schoolers. Do a write up and everyone else gets 💯 in line!
Hell yeah. You can't drive forward looking back
I'm like the 3rd employee. Great at the job but could give 2 craps about the paperwork or apps/programs. Just let me make money in the field.
Why am I just finding out about this podcast?
Trust doesn’t get “taken away” I bet they fd up big time I hope they get it back together
I'd love a what happened next for Jeff from Bowling Green and his brother.
I think we need a Netflix mini-series.
True...Dave, the banker not the step uncle and half sisters. Dad
It sounds like the first call mentions how she was working on a contract that might have set them up, but what the hell is her husband doing? I never hear of him doing anything??
I mean, he must do something right ??
Are they just looking for an easy set up??
The less effort in and then they can feel like they’ve succeeded if it’s a big income pull?
I wish you would’ve asked more questions about this because we don’t even know exactly what they did. Why didn’t he ask what her husbands part in it was .
He is supposed to be the leader of their home.
At this point, I don’t think we got enough information.
I’m also asking why the mentors were depicted as bad guys?!
The mentors are the ones who have the experience and knowledge and were trying to get these two in a movable direction and just because they had a couple big contracts well it doesn’t sound from this call that they have what it takes to actually grow, grow grow?
maybe these two were more self focused instead of team players for the company?
I don’t understand why there weren’t more details shared because from this take away it sounds like the man just sat back and did pretty much nothing in 2023 and then let his wife try to get the ball rolling and it fell through and now they’re just back in the Kleenex box?
If a true star cannot do some bureaucratic stuff, hire them an assistant or change the process so she can fly
What was the industry she was in ??
Maybe a cleaning business...like Service Master as they employ many part-time folks that work after the business closes for the day.
2nd caller - SEE A LAWYER, dude. 😒
Yea, sounds like a civil suit.
Especially since a ton of Dave’s advice is pretty clearly not in line with the law.
Having the people that mentored you, then invested in you and then aquire the clients from you to themselves, well. If i was the client, i would have a hard time giving my business to these people if i knew of this. I dont like giving my money to morally corrupt people. That is if it is as simple as told.
"I've been there, done that, I've got all the T-shirts!"
Would love to get an update!
41:12 retained earnings
Meh, they are incompetent and got cut out.
First caller 3 kids, relying on one client, crying about business being taken away. You did too much at one time, now its gone.
Leaving without money
OMG how horrible
Suddenly my situation is okay.
I can now
Success is possible if you stop.
But they made a song together to
Dude give your employees a yeay bonus!!!!
10:30 that’s how karma works. Revenge thru better living.
I stead of a lawsuit...a doctor with ice cubes.
While there is often useful information here, when Dave gets into this bizarre rage, as he did with the second call, which seems to almost always revolve around hatred and destruction of family over money, it’s disturbing. He has to have some kind of deep seated issues that he has never resolved. And it is not good advice. It is definitely not Christian, as he professes to be.
He also makes sweeping judgements based on incomplete information, almost always taking the side of the caller against people he knows nothing about, who can’t speak for themselves. On the first call, it seems significant that the “bad” partners were her husband’s mentors. Meaning, from their point of view, they made him, and maybe he wasn’t carrying his weight. On the second call, there has to be more to the situation. If these brothers built this business over 30 years with no problems, it could be that they’ve made enough money that they could all retire if they wanted to. The fact that the caller was thinking of offering a buyout suggests that’s the case. It would have to be assumed that for most of that time, decades, the other brother was doing his part in building this business, and deserves credit for that. Whatever the situation, going nuclear and destroying the family, including a 90 year old father, should not be the first response. It’s just plain weird.
Maybe this is all “show biz” to Dave and this is his idea of being entertaining, playing games with people’s lives. But it’s really destructive advice if people take him seriously. He started dialing it back towards the end, probably realizing it was wrong, but the fact that that was his first response is disturbing.
How long would you actively manage a business and give 2 other people 51% of the profits and a wage that aren't contributing anything to the business?
@@lukezimmerman470 I understand the complaint, but Dave’s response was way over the top. Nobody should hate their family that much.
Dave still advises men to go out and get married without a prenup. He lost all financial credibility for me once i heard that and never took anything he says seriously
@@vaportrails7943it’s not hate his brother is stealing from him and Dave is saying to stop it now and if that ruins their relationship so be it also I think he knows that if a guy has let that slide for four years he needs to get riled up a bit to really take action
Why is a devout Christian talking about revenge? I don’t understand that.
Now every song available...bc his GMA got one stolen
Feels like the comments on these videos are replete with bots lately
2 to 35 employees in 3 months sounds like the minor partners did all the heavy lifting so they dumped the two dead weights
38:52 Dave stop talking about me please
I have a life like I said..you won't get me to work so he will never work again.
Sounds like a cleaning business.
And related to Elvis. By blood
So this lady is doing "great" that must be why she is calling Dave Ramsey. Right? 😮
"Just fixed you buddy!"
Nenennenenen 😂😂😂
80-% bet that SHE was the problem.... not her partners LOL
Lead balloon? Get an effective pair of goggles and a mask and pop it...
Cry me a riverrr ...
Dave is all about revenge apparently.