My Wife Hates Our Business (What Should I do?)
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- čas přidán 8. 06. 2024
- My Wife Hates Our Business (What Should I do?)
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Pay some super sharp person $200K to replace your wife, and make $1.5 million. Problem solved.
Exactly!!!
THIS !!!
Truly! With the right paystub you can hold out for the right person
Will probably make more topline and bottom line with a super sharp manager in place too.. this husband and wife aren’t that
This is the issue. He is cheap
That’s a lot of complaining from someone making 1.75 million dollars per year 😂
This guy just called in to humble-brag.
In LA that doesn't go as far as you might think
@@mattcollins4550 I lived for 6 years in SoCal for 6 years until COVID. California is expensive, but a lot of conservatives act like only billionaires can afford to live there.
He's in the top 1% of earners and unless he's living in a gated community in Beverly Hills, he'll be doing better than fine.
For most professionals in most parts of CA, it's possible to raise a family decently, so long as the wife isn't a SAHM.
@@mattcollins4550It depends on location, maybe? West L.A. will cost a lot more than La Verne or Pomona.
@@mattcollins4550lol my brother and his family live in San Diego and his family probably takes home $350,000 a year and it’s more than enough money… $1,700,000 a year? You could easily live in a $3,000,000 house. Bank would qualify them for a $8,000,000 house. Oh poor him must be so hard.
I love how Dave dug until he found the issue. Nothing gets by him. The guy didn't want to admit it but Dave knew there was something else there. He's a freaking genius.
Well said I was thinking the same thing. Dave really is one of a kind.
Nah, a lot of things go by Dave. Especially when he is not knowledgeable on a subject, and starts speaking out his butt.
@@eegernades - Like this time! There are some things you need that only "1" vendor(s) can supply, or, your f'kt. Caller does need to fire the wife, and, or, make her understand that thisis what it takes to be set for life. 3-4 years of this bullshyt and you would NEVER have to work again. Then again, maybe divorce the wife!? She sure isnt gonna take MY freedom and happiness. I would plant a foot up her arse before THAT happens!!
@@eegernadesplease post a link of an example. I’d like to hear it. Thanks!
@@jeremsgarage best recent example is his 8% rule about taking put retirement funds.
Actual experts came out the woodwork so retirees who listen to Dave dont screw themselves over since Dave spoke out his ass about it.
He doesn’t need to quit, he needs therapy. He’s not happy because he compares himself to his friends. He’s not happy with his wife working and he’s not happy if someone else does the job. It will never be enough. He’ll never make enough money and the shop won’t ever be run to his standards.
We ALL compare. We do this to get to the next level and figure it out. Doesn’t matter the brand they’ve compared a product to another.
Yes! Sing it! Preach!
How many people would kill for the life he complains about right now?
Therapy will not work, he hates the work so he needs to change.
Nice guy syndrome is his issue.
Yeah
My wife and I went through the same thing 30 years ago. She’s a very detailed person and didn’t miss a thing. Or very little anyway. We tried to open a second shop but nobody could run it like her. Or so we thought. 30 years later I realized we made a big mistake. It doesn’t have to be run exactly the same way that she would run it to be successful. If we weren’t so knit picky about the little things we could of had 2 successful businesses instead of selling everything. Don’t expect perfection out of your employees. Nobody’s perfect, Not me , not you and because she’s not looking, not my wife. Give them some room but watch your numbers like a hawk.
Good tip. I’m in construction world and no one does it like me. Find someone who can do it 80% as good as you and keep chugging away
Agreed! I was like your wife until it took a major toll on my health. Now I'm learning that "good" is good enough.
That’s the key. They are looking for someone just like his wife and he’s willing to let the whole business go rather than work with someone who will do things differently.
You are blaming your wife for not going ahead and finding alternate solutions for opening a second business.
Great advice.
"Comparison is the thief of all joy" Totally true Dave!
I heard this adage when I was a child and have never forgotten it: There will always be someone better off than you and worse off than you.
To more that meant be grateful, be content.
This dude is like Rachel Mcadams in the Notebook, “what do you want?” Him: “It’s not that simple.”
“WHAT DO YOU WANT?”
LOL!!
Lmao
They need to hire someone to shadow the wife.
Let her step away 30%, then 50%, then 75% then 100% over an extended period of time, few years if needed.
Exactly. It’s not going to happen overnight.
If he tends to be a micromanager perfectionist, and does not want to pay market value for the position, a good sales rep/manager shadow might not stand a chance.
Nope, the person shadowing the wife will never be good enough. There will always be an excuse for the wife to stay on. It's a sales position, salary isn't the way to go. Good sales people want a percentage also. Base Salary to cover the non-sales activity you expect, and commission on sales. maybe 5 or 6% of ALL sales + your $60k salary. Don't try to cheat your salesperson. If they are any good, your customers will be following them when they quit on you.
Figures that the wife is the weak link
"Train them up in the way they should go and they will not depart from it" works for employees too!
This guy talks in circles and doesnt realize how lucky he is. Getting a business up and running to the point he's at is nearly impossible.
Exactly!! He's a goddamned fool!!
He wants to make the same money but no longer work for it.
@@ozzydo2314 100%
Dude said "I never buy anything unitl I have 10 times the amount neccessary to purchase it" well if that isn't the most trust fund type of statement I've ever heard in my life.
@ozzydo2314 how many times did he say we? What ever he does this it what she wants . And now she wants have her cake and eat it too
The look on Dave's face when the caller said he was tired of waking up next to an angry wife LOL :-D
Exactly. As much as I love my husband, I would not work for him in a business. I started to think of the "unless" statements, and still arrived at "nope." 'Been there, done that. 😂😂
Lmao he was like "hmmm here comes the failing sniff test" loool.
That moment was so funny. I immediately scrolled to find a comment about it.
These callers never start their call discussing the actual problem lol
Amen Dave! I had difficult customers in my small business, so I doubled my prices. My income has doubled, and I have rid myself of all those annoying customers trying to ‘get a bargain’ and talk me down. Life is too short!
Most likely they're trying to pay $60k for a $250k role
Hit the nail on the head. Compensation via bonus should also be tied to business performance. Watch it explode...
@@DukeofEarlyup. Skin is the game always does better
Spot on!
I have worked positions like that; I got hired and on day one it was "Oh, by the way you will also be managing..." It is a tactic to save money. 🙄
I see it all the time. Employers want a top of the line employee for pennies on the dollar. Sure, the goal of business is to maximize profit but make the financial investment into hiring the right employees. Most of the time the right employees aren’t attracted by low salaries.
I bet there have been 3 problems: 1) They havent been willing to offer enough to get someone top notch in 2) They micromanaged at the same time as throwing the person in the deep end without prior mentorship 3) They haven't given the new people the same access to communication with him that the wife had. The wife knew she could call or text whenever needed...the new guy may not feel like he can do that, especially if some of the communication is after hours.
100% all of this. I could see it a mile away, especially the micromanaging.
Dudes cheap. He wants the wife to work instead of paying top dollar for a solid manager to handle all the stress.
You may not be married
I'd bet money you're right. No way somebody else couldn't do what she does.
Yeah I wonder if he was trying to get someone to do all the stuff his wife does but only pay them 50k a year!
Ramsey missed an opportunity to just ask the guy how much he paid the people he tried to replace his wife with. If he paid $250k per year, I bet he could find someone to do it better than his wife.
Pay up and dude will be living the life even more
She is really going to hate it when they’re dead broke after they walked away from a dream business
You never know, some people give away their money and are happy af.
They feel broke with nearly 2 mil coming in a year? There was more to that statement.
Really, she is probably telling him every day she is overworked, underpaid and still has to run the household and raise a family.
So, sorry, maybe they need to hire a housekeeper, a nanny, a cook, and then she may have some burden of work lifted.
We really do not know, do we. But we do know, he was ignoring how much his wife was putting in and not acknowledging they also have a house and family and not just a business.
@@coolwater55shes also a woman so theres a good chance she will never be happy or satisfied 😂
My EX wife is surely feeling that now !!! She gave me H*LL every time I put extra time in the business but she had NO PROBLEM SPENDING THE MONEY when the checks showed up in the mailbox
My husband is a diesel mechanic and "repair anything" business. The stress the caller is talking about in the industry is no joke! My husband's ex ran the customer service/office side of the business at the detriment to their relationship and 5 secretaries FAILED at the job so she kept picking up the slack until their relationship ended. I flat out refuse to work for the business even though it's stressful for my husband - because I don't want the same result. Not many people can handle it.
1000%
50% margin on 3 mil + is a unicorn business, so many owners think it’s greener on the other side when every business is ultimately difficult to operate
Probably not accurate
@jackjack4412 there is no more secure a business in RV repair have you ever toured an RV? I 100% believe him.
A small advertising company had one customer that was a big portion of the revenue. The client would come into the avertising agency's office and totally dirsupt it. The owner was reluctant to tell him to stop. He didn't know what he would do to replace the lost revenue. Things go so bad he finally told the client, "you're fired". He had no clue where the revenue was going to come from to replace what he just got rid of. However, the morale in the office improved, employees felt valued. The company had record sales and profits. The customer is NOT always right, and you don't need every customer.
Was this the Lucky Strike storyline from Mad Men?😂😂
@@benland3517 Lee Jr. fired them and Roger was begging him to stay, but it does sound close lol
Yes, I had he same experience, I had to learn to fire some customers and now we are backlogged. Set your standards then find the staff and customers that will replace the bad ones.
I have Said THAT for years!!!
@@benland3517 No. It was a small business, that let a jerk just about ruin it.
BTW, what is Mad Men?
I run a real estate renovation/management business, and I was really happy when Dave corrected him... it isn't easy, either. If you are running a business, you will be carrying a heavy burden no matter which industry.
I have a feeling these people are very difficult to deal with.
9/10 of the people you interface with in life are difficult.
Yes, because of the deep void in the place where values, ideals, hard work and good manners once resided. The only person who can change the view is you. Stop being so demanding and focus on what you can give. You may find you attract better people.
It took eight minutes of this conversation to get to the honest truth, which is all about the wife. I wish when people call in they wouldn’t waste time with such a valuable phone call to Dave. Get to the bottom line ASAP. Hiding is not helping.
This is the problem with most small businesses sufferring growing pains. The problem is usually a family member, but that can't be acknowledge because you can't have strife at the dinner table, etc. They are hoping when they talk to the host he will jump to some other conclusion and then the caller is off the hook because he can then blame whatever the host came up with. This caller had a problem, the host knew the RIGHT questions to ask and the answers were not making sense. So he didn't move on, he asked deeper questions.
@@USMC6976 Dave is great at taking the deeper dive to get to the bottom of a situation. I understand some people are hesitant to get to the brutal truth, but Dave shouldn’t have to pull teeth for them to get there. But maybe that’s just me and it doesn’t bother Dave at all. I learn so much from him. You have an excellent point that the caller might have hoped Dave would come up with a valid reason why it wasn’t working rather than the wife.
They’re beating behind the bush.
If you can’t make it work here, you can’t make it work anywhere. You take you with you.
He was probably scared his wife would hear this.
i was in that business. because that industry is so niche you cannot find anyone that can walk in off the street and do it correctly. they have to train and mentor someone and not micro-manage while they learn and mess up ALOT. the wife is good at it only because she's seen it all, they need to be patient until the "new guy" has seen it all. or spilt what she does into different positions.
That's exactly what I was going to say! If you can't find one person to replace her. Find 2 or 3.
Also, I have had employees hold onto the information about their job so they were irreplaceable (or so they thought). Those were the people I would get rid of first. We were a small business so there was a lot of cross-trading. I never asked an employee to do something I wouldn't, and I encouraged everyone to share their skills whenever possible. We called it the Gage of Engagement to describe the process of expanding knowledge and skills.
@@valerimacdonald5146 Spot on about employees holding on to information
Spot on
Basically his wife is running the business and she's tired. He's less competent and the business will go down the toilet if she doesn't keep propping him up. He's in the passenger seat and she's sick of it.
You can tell he's full of shit when he says he wants to milk the business..... So until it goes under... No no no.
This guy has no clue. I couldn't be married to anyone this wishy washy.
That was clear when he couldn’t follow top line bottom line question
YEEESS!!
Boom!
He’s full of crap that no one else can do it!
I've seen this pairing in so many small businesses. An organized type who manages well and a visionary risk taker who can't keep track of receipts
This “boy” (I’m 65) spent every breath evading, avoiding, and deflecting. If he had just answered each question directly, he might have received a few more gems of wisdom. I could tell right off that he was probably having troubles because he’s too indirect.
Troubles and making millions with multiple locations. Hmmmm I think you’re right
🎯
@@RaceMentallySeeing the hell in your wife's eyes every morning isn't troubling?
@@llkg9 this morning was great. Depends on the morning. It’s like this in any business you’re passionate about. Come on now.
I like this show format better. Just Dave by himself answering questions, no interruptions no other people’s opinions.
The co hosts on the other show bring no value
@@leroygeorge352most of them are there to sell new initiatives or books
There's room for everyone and value delivered by each presenter. Don't be a butt! 😂
@@redbunnyclassic none of them have anything original to contribute, it's a known fact they have to mirror the Ramsey way, so why not just here it from the man himself?
@@redbunnyclassic no, they literally bring nothing to the show
Hire a customer-facing operations manager and a parts person who loves this type of thing and call it a day. You can grow it this way also.
Everyone believes, “if only I was in “that” business, we would be on east street.” ANY business is war! You have to battle every day. The problems are the same in every business. You fight employees, customers, suppliers, and everyone else ALL time everyday! You can improve it to a certain point, but there no “hands off” “easy” ways to make money. There is a lie out there that if I only had “X” or “Y” then life would be great. Step up and fight or sell the company.
Exactly. He’s just complaining about business in general. Don’t play the game if you don’t like the rules.
Something does not add up here. Customized service and repair on RV's and trailers with employees in Los Angeles rarely net 50%. You are lucky if you can net 20% after all is said and done. In addition, this sounds like a husband and wife ran business. More likely the owners are putting 24/7 into their business and are burned out. They need to reevaluate their business plan, fire some customers and hire help to run the administrative duties and deal with the problem customers. Take some time for themselves away from the business. Owning an established business is far better than jumping ship to try and start something new.
I agree, also I was thinking they don't have a get out plan as a husband and wife so they have the management team to run this successful business
I don't think he understood what gross vs net is and got the numbers wrong
This is a classic case of why I don't wish I had other people's lifestyles. I worry about me and my family and I don't want to be jealous of anybody else because I don't know what they're going through to have what they have.
You have 1.7mil profit and you can't pay someone 100k+ a year hell 150k and you'll get the sales person manager to do the job
I think this guy has a bad attitude.. poor me with a million dollars.. still not satisfied.. poor me.. I'd like to hear her side just for clarification
He's trying to make his nagging wife happy. Everbody ends up being miserable! Fire the wife. Get back on tracks!
Making money is not the same as keeping it there is a reason why investments aren't well taught in schools, the examples you gave are well stationed, the market crisis gave me my first millions, people shy away from hard times, I embrace them.. well at least my advisor does lol.
Hello, I’m 52 and I am not worth much yet , please help me out. Bought my first house last month and I can't seem to make any other smart investment.
wanted to trade, but I got discouraged with the market price fluctuations .,,
Can you recommend a guide for me?
Haven't you heard of Expert Chrissy Barymoer ?He gives excellent guide on the right stock with high dividend
I would highly recommend Professional Chrissy Barymoer his strategies are just great especially for novice in this stock field
Go to a regional college and hire two recently graduated industrial engineers pay them each $100,000 / yr. With the extra $300,000 in costs you will still have a solid cash flow and will have sourced the problems. Industrial engineers are trained for odd work.
True but this guy doesn’t think outside the box in this aspect
Also his business could grow. He could be no 1 within a 30 mile radius. This guy probably have strong statements about college grads lo
Engineers solve problems. Period
Sounds like you are a micro manager. Let the people you hired do what they were hired to do.
Wow! 1.7million is a dream for any entrepreneurs to reach. I am dream and envy this man.
He mentioned the wife and it all made sense. 😂
Then you must be the problem.
Lol Dave perked up the second he mentioned her
Working with your spouse or significant other is a recipe for disaster imho tread very carefully or you'll get tired of each other real quick
He’s making a shit ton of excuses. Hire someone to replace the wife’s position.
Exactly. Massive ego. Claims to be humble. Has he ever been in any other business?
Yep, he makes it sound like it's extraordinarily complicated and that she's irreplicable but I don't believe that for a minute.
All this guy basically does is ask people what they do and how much they make!
Then just tell them to make more...spend less...and pay things off!
WHAT A FREAKING GENIUS!
I went through this (but not at that income level!). Same type of business issues. After 24 years, I said enough; sold and chose another business with a LOT less stress. Why can't he just do that? At that profit level, he will get a good price for the business. And then just start another business in a different industry. I wanted one without any employees and few customer service issues, that didn't require me to be there every day, to spend more time with family and doing things that bring me joy. I have that now and I'm incredibly happy and content. Life is good!
Good to hear. We have hired a few people since and have it structured where they need to perform to make money. Techs are making $65k-$150k a year.
What did you do?
Happiness is worth more than money. They need to ascertain what exactly it is they want from life.
The look on Dave’s face when he said he was sick of waking up next to the wife
Still don't understand what his problem was...
his wife hates the job but when she stopped working there the business took a hit because of that
@@afonsoribeiro2726he wont pay the $$$ needed for that position
He wont pay the proper person
1. He may believe he is the only one qualified to run his custom business.
2. He does not appear to want to be bothered to "write a book" explaining the basics of custom sales relative to his niche business (I have written several training manuals and they are invaluable for unique business situations).
3. He would rather his wife act as sales rep for his company rather than hire an experienced sales rep/manager, possibly because... a) He does not have to pay her market value--if he pays her at all; b) He can "instruct" his wife to do her job EXACTLY the way HE wants it done; c) He has little patience or experience training employees (subtext: He does not have to be polite to his free/cheap labor wife); or d) a combination of a, b, or c.
To sum up: He refuses to take ownership of how he feels about his business, hence the royal "we" throughout the call; and he makes excuses for not hiring, training, and paying market value for a good sales rep/manager. His repeated statements "we tried," and "they all worked for them [competitors who went out of business; implying he is willing to hire experienced employees]" really irked me.
@@afonsoribeiro2726One can only hope. 😂😂
Understanding your business and your customers is #1 in a business. Yes and hire someone who’s knows how to run it. So many RV people living in. What a great business. Let go a little bit.
This version of EL is the best show format you've ever done Dave. Next level. ❤
Yup. I'm beginning to really love the EL version of the podcast. I just started reading his EntreLeadership book.
If you pay them enough someone could takeover her job.
He doesn’t want to
This guy needs to bring his wife on the call. He actually sounds like he's scared of her a bit.
Yep, she runs the show and their both miserable bc of it
My be he needs and accountant as well.. 1.75M gross and feels broke and have only 1M liquid? Does not add up.
He mentioned inventory purchasing his customer needed - that along with equipment purchases. It's quite possible all his income is in the business - especially if it was relatively recent it was that high.
@@indianatime If all his income is in the business, then he isn't getting $1.75M...
@@WickedZZzYinventory and business. Heck since this call only have $800k now. Inventory, buying more businesses and more problems. The Broke one around a lot of wealthy people.
1.75 was his net. 3 was his gross.
It would be worth him putting some serious money into a really good hire to replace his wife. You can’t get good help with average wages.
That’s the problem a lot of employers are facing. Many don’t want to pay what it takes to get quality help, they would rather just get a body in there for cheap hoping it works out.
@@Will97675 correct
@@Will97675 churches especially
Dealing with people in any field is EXACTLY the same way. We have certainly dealt with it for years.
I had a friend whos baby fussed alot, i am very calm and when the baby was with me it was calm, my friend started making a fuss causing the baby to fuss. Moral of story, when some womem see others doing a better job, they make sure it doesn't work. I think this is what the wife is doing.
So...basically he is using his wife to be the foundation of the business even though it makes her unhappy....got it. He compares himself to the people he hangs around....got it. Interesting how he compares himself monetarily to his friends, but I bet they don't force their wife to be their business foundation either.
That may explain his royal "we" statements. He may be convincing her that she is "part of the business" when the truth is she has little to no autonomy within it. Hiring a solid sales rep/manager is not in his "need to impress our free-spending friends" budget. 🙄
Well, if she turns into a feminist, then she will divorce him while claiming he was "abusive". 🤣😜🤔😋
I enjoyed your advice and delivery. Thank you Dave, you're awesome.
Certified rv tech.. what he said about getting parts "that fit" is exactly right. Warranty payment from manufacturers is filled with hoop jumping and arguing and pictures and videos and long writeups etc.. NOTHING
"Just bolts up"..
When you need an alternator for a truck, you give a VIN and you 'usually ' get... the right alternator.. that just fits in the same hole that the old one came out of... not in RV WORLD..
You get what they have now.. could be the same OR.. you could tear down and rebuild a wall to do it.. either 7 mins or 2 days..
You know what he’s talking about 100%. They don’t teach this in college. It’s why the hourly for the shops is $200+hr
Instead of comparing it to automotive, it sounds more like construction and rehab. With all of these hurdles, It pays MUCH more over automotive.
@@mph5896 you’re saying construction is a better business to be in?
@@RaceMentally No, original poster compared rv repair to automotive. I said it sounds more like construction rehab in which everything is a one off. 😉
@@mph5896 100%. Construction is the same. But the good thing about construction is you have a hardware store on every corner. RV parts and repairs you have to hunt the products down and can’t simply check out at the front of a store. Definitely very difficult. Also RV places require large property and heavy equipment to move them too.
Dave hit the nail on the head. The guy has a great business and he needs to get his wife out so she can go play bridge or have some fun. There are people that can do her job, they may not be easy to find, but they are out there.
Dave, you are teaching us so much! Thank you!
Dave, you are so right! Such great advice here!
Caller: about one million liquid in the bank
Also caller: "Right now I feel broke"
Please... 🤣
Lives in LA. You can’t buy a shit box house for that there.
@@RaceMentallyToo bad they built that wall around LA and you can't leave. 🙄
@@RaceMentally "they live somewhere expensive" is the dumbest excuse ever. If you live somewhere expensive but have enough cash in the bank that you could literally just move to a different state and retire... then stfu you are not poor.
@@LegDayLas you must not know what these people have to maintain. They spend a few hundred k a year on inventory aka toys.
@@RaceMentally Which is why the excuse is dumb...
Hire two or three people to replace the wife’s duties, most people you’ll hire won’t do everything she does because it isn’t their business it’s yours they won’t work as hard and their heart won’t be in it as much as your wife’s is that’s why you get two or three
Preach it, Dave! Thank you!
Dave you are awesome..."there is other people who can do that.." SO TRUE
Glad you're doing this.
This guy is killing his wife. He puts so much on her that she is literally willing to kill the business because he is not listening her to her. He will need 3 people to replace her minimum, and no one else would keep up with his mamby Bamby complaining.
Take the advice. At the same time, get some new friends. Sounds like the main thing they all have in common is spending money. That's not giving him joy either.
WHAT A GREAT EPISODE DAVE !!!!
Love Dave!!!! 🙌🏾🙌🏾🙌🏾
It took about 7 minutes for him to admit that the WIFE WAS THE WHOLE PROBLEM!
And that was because of Dave!
The wife ? Or weeding out crappy customers?
No surprise there.
Happy wife happy life...😅. Men always think women want the same things as we do and we are equal "partners". There is a reason you should not go into business with family. Your wife is family. It changes the dynamics of the relationship. It's the entrepreneurs dilemma when you start out you feel like you have to do everything in order for it to get done right. He could find somebody but it will cost money and take time invested in intensive training but it would be worth it.
Facts!
I'm listening to him explain the "custom" and "one-off" and chuckling to myself. That is literally my entire job. I'm a software developer and I work at a custom software company. Sure it is mentally taxing, but you figure out ways to balance that.
"TELL THEM WE'LL MISS YOU" 🤣🤣🤣🤣🤣 That comment Ramsey made was gold!
Made my day😂!
❤from OZ xxx
11:10 - "There's no single thing that only one person can do. There's only one job that was ever that way and Jesus had it." Brilliant. Bravo.
Excellent advice. Make yourself happy especially your wife. That extra customers are not worth your time.😎
Well, Dave's spot on on this one!
Great response Dave absolutely right.
The joy of my debt-free 'poor' retirement lifestyle went up 1,000 points.
😂And she aint Jesus 😂 that got me lol. Dave is so funny yet so effective 👏👏
This video was so much fun!
Great call. Good reminder to not simply say yes to everything, and that there's no need for a reason other than the job making you miserable.
This guy and his wife are likely micromanagers. Don't just hire someone, train them for a year to take over the position. She should spend some of the time writing a SOP to help guide this person. Then she can just consult after that.
Caller has trouble describing the problem. What is the problem? Is it the high stress of working in this industry (rv repair)? If so, I believe that. My rv repair center stresses the crap out of me any time I need service.
Grass always looks greener on the other side of the fence.
• Business has a 50% profit margin. Net income $1.75 million
• How much has the caller saved over the years @5:23
• Has $1million in the bank @7:11 (I always feel broke).
• Phase 1 of Customer acquisition should be vetting the customers.
• Tell them 80% of potential customers think they know this business more than we do.
• Tell them you are happy to work with only 20% who meet certain criteria list criteria and conditions consistent with your ideal customer
“Does She Work Down There?”
“Oh Ya” that oh ya said it ALLLLLL
Haha this was great. Love the Jesus shout out too.
That made me keel over laughing. Tis truth, but man, he went there
Things have changed over the last 4 years… starting a business that deals with the public is like asking to have your fingernails pulled out everyday. Especially if it’s a business that makes or creates custom or specialty items. 50% of your daily customers are going to be Karen’s and they are bringing in everything that is wrong in their life and unloading it on you. We’ve run a custom business for over 20 years and there is no way I would want to start fresh in the same line of work.
I also really don’t enjoy working with my spouse. He is very controlling, very critical, and not very conscientious when it comes to me and my time…. But he is with everyone else. Our workplace is like a step family and I’m the red headed step child… so I don’t like watching him be nice to everyone else and a jerk to me. He doesn’t see it and he likes when I come in to the office and work but i literally HATE IT. To top it off, he has a hard time switching roles from boss to husband when I am at the office so his behaviors transfer to our home which makes me more miserable.
This is the same thing with this caller. Very tough and can relate.
Either tell him you quit and look for another job, or get a divorce.
Some people dont know how good they have it. WOW!!!
Dave is THE sharpest tool in the shed.
Soo true: some clients will drive you to insanity, i had to get rid of problem clients, i make less $ but who cares
for me personally, if i were still young like the caller, i'd figure out a number that matches my "reasonable" lifestyle then continue my work/business until i reach that number and then sell the business and live my "reasonable" lifestyle ... a lot of success in life comes from not being greedy and continually making that number bigger and bigger ... balance will make more happiness... but that's real hard to resist when you're young and have lots of ability, drive and potential...
You have to learn to be content.
@@USMC6976 affirmative... semper fi
Guess what I'm going back to? A business that I wasn't happy with. Now it's starting to make sense for me to be back in it.
Excellent advice imo
For a successful businessman, he can't put a finger on his real problem. I think he's just looking for a platform to air his "humble brag"
The wife runs the business and the guy is complaining 😂
In my area, there's a guy running some niche business. He couldn't find a qualified sales person.
Finally, he made his longtime delivery driver (!!!) the new sales person. And it seems to work quite well.
This is what I did in 2016 and my business took off after I could run it the way I needed to for profitability. My Gross and net significantly increased.
"Im not special and nothing I do is magic!" As ive moved in the direction growing my business i keep getting repeating this to myself. It's not false humility its a bloated ego that refuses to do the work of creating processes.
Im not special and nothing I do is magic!
Dave isn't quite "hearing" this guy. The problem is that his customers don't like the timeframe deviations. But those are inherent in the custom world. The average person just doesn't understand that.
Dave is 1000% right on this one.
Dave Ramsey, exactly right, again.
Maybe his wife could be replaced by several employees by splitting up the roles this unicorn (his wife) does and still make a ton of money.
Ramsey said "Sell the wife" 🤣🤣🤣
Listen to this genus, and you will have a marvelous life ❤ get rid of the bull crap ❤
Amen Dave!