Is My Team Taking Advantage of Me?

Рет қаралды 23,508

Ай бұрын

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...

Пікірлер: 56

@pete2448 11 күн бұрын

An old Army friend once told me they way they teach leadership in the Army is to be three things: Firm, fair, and consistent.

@sdmod1 19 күн бұрын

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!

@DoctorSmartyPants 14 күн бұрын

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.

@talinthon760 Ай бұрын

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.

@lenetteshaw4833 29 күн бұрын

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.

@jeffreylong1478 10 күн бұрын

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.

@TheRealJoshW Ай бұрын

Ever notice employees only get food poisoning on Sunday nights?

@djg4653 Ай бұрын

No Monday twenty minutes before work

@Faithful247 Ай бұрын

I’ve never had to call off because of a belly ache😂 just maybe a few more trips to the john

@pepperonish Ай бұрын

@@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.

@fernleafmedia Ай бұрын

@@pepperonishgotta' go easy on the habanñero peppers.

@rachelcarper9297 Ай бұрын

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.

@dercmoo 25 күн бұрын

The punch lines are great

@rachelforhisglory6577 Ай бұрын

good point

@Dark_Souls_3 Ай бұрын

Saw a meme this weekend: “Best part of a new job is all my grandparents are alive again” 😂

@HQ4575 Ай бұрын

😂😂😂😂

@SLangel18 Ай бұрын

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

@wittenberg5 Ай бұрын

Agree with this. The policy should be the policy. When you're out, you're out.

@arthritisankle 24 күн бұрын

I wonder if the employees get the same amount of PTO as the caller gives herself

@Religionright 26 күн бұрын

Remington is my fav but it's like..personal so it'll never be what it actually is.

@SicSemperTyrannisx9 Ай бұрын

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.

@michaelnwidoh6980 Ай бұрын

Ok if you say so

@michaelnwidoh6980 Ай бұрын

I guess, why believe Dave when we have you.

@jakeevans7617 Ай бұрын

@@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.

@ShawnRomack Ай бұрын

Funny, when we want to deal with contractors, most people go by the 50/50 rule, so what do I know.

@crossfitruston3632 23 күн бұрын

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

@kathleenshaw932 22 күн бұрын

So happy you’re addressing AI. There is software that identifies plagiarism. Amazon can use that software if they want to.

@arthur1670 12 күн бұрын

How much time off are you giving them 12 days ? Or 28

@privateinfo1711 24 күн бұрын

The graveyard is full of indispensable people.

@kathleenshaw932 22 күн бұрын

Whoa!!! Well, that’s ok. I will listen to your program in spite of your politics.

@nick4088 10 күн бұрын

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.

@jessicaklein4389 7 күн бұрын

Dang that’s a lot!

@nick4088 6 күн бұрын

@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.

@JebadiaSmith 26 күн бұрын

Absolutely! They are scamming you! I have been trying to warn you for years..

@DoctorSmartyPants 14 күн бұрын

Lol, Dave. Both 8% and 10% are round numbers.

@devanfast1254 10 күн бұрын

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

@Religionright 26 күн бұрын

Face the facts ...like..okay I. A cop so I'm gamna do this song if anything happens it's on me. Come forward

@husqv5147 Ай бұрын

Actually, ice went in the top of a ice box, not in the bottom, as cold flows downward to keep items below cold.

@zerimaryar 18 күн бұрын

Just as clarification - it's she is not a 'vet by trade', but a 'doctor by education'.

@Religionright 26 күн бұрын

You should see my lion.

@Religionright 26 күн бұрын

Work enough to keep you...she's pregnant. And wants more from life..obviously it's not a drug deal.

@Religionright 26 күн бұрын

Giant elephant is sealed.

@Religionright 26 күн бұрын

Secret...and then tell people.1914 can change everything for Elvis ease

@ShawnRomack Ай бұрын

There is a subreddit called r/antiwork , these people are insufferable.

@paulh1745 6 күн бұрын

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.

@paulh1745 6 күн бұрын

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.

@paulh1745 6 күн бұрын

Ramsey bashed Clinton, but he was the last president to balance the budget. How come no credit where credit is due, DAVE RAMSEY?????