We Had to Lay Off Almost Everybody

Рет қаралды 11,005

Ай бұрын

We Had to Lay Off Almost Everybody
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Пікірлер: 60

@danielrn133 Ай бұрын

One thing about these calls is the one thing that seems consistent is the callers have almost no clue what is actually going on. No idea if they even make money. No idea if they are paying taxes. Just "things aren't good".

@victhunda Ай бұрын

Yet they probably both drive BMW and she probably spends spends spends. 1.4mil a year and you don't have a book keeper what the heck

@roathripper Ай бұрын

it's because the cowardly men push responsibility to their other half to unf_ck their mess

@carlose.moreyramd7846 8 күн бұрын

That and also withholding embarrassing info that Dave tries to pry out.

@jessehudson1318 23 сағат бұрын

I work with small business centers all day every day and my estimate is 90% of them can’t read their financial statements accurately (if they are even generating them). Of those 90% a majority of them were just scared to even look at the numbers. It’s remarkable how many things are happening in these businesses and people simply don’t understand what they are or why they are taking place.

@joeriveracomedy Ай бұрын

Businesses don't get money back! Banging my head. Holy cow. I have 4 bank accounts I check daily and my only business is dividends.

@victhunda Ай бұрын

4 employees 800k and you dont have 17k. I understand the 1.4 with 14 enployees not making money but the 800k im so confused by

@brucevann7129 Ай бұрын

When the job went that extra long it almost certainly had a bunch of changes in their scope of work. They should NOT just go along with whatever the GC or owner says bc they’ll try to get a little sub like them to do things for free by bullying. What they should instead do is say “that’s different from what we agreed upon. This extra will cost you.” And they should put like a 70% gross margin on it. If they did that they likely wouldn’t have been hit so hard by this big bad job.

@DIYAudioGuy Ай бұрын

When she said $1.4 million in revenue and 14 employees my first thought was "that's not good news, no way that is going to work."

@capps2015 Ай бұрын

Especially in Fab work it takes atleast 60k to keep a good welder/fabricator.

@michaelallen1154 Ай бұрын

Exactly, they are WAY underpricing their services.

@michaelallen1154 Ай бұрын

@@capps2015 Try $75k.

@davidfreeman4625 Ай бұрын

Sounds like she needs a good book-keeper AND a good job costing system. The thing I have found with job costing is that most people underestimate overhead costs. If there is anyone working there but not creating income, their cost needs to be included (pro-rata) in each job along with rent, utilities, insurance, etc.

@user-eg9up3ms2o Ай бұрын

This woman will bail, file divorce and ghow.

@malcolmjohnson-phillips7453 Ай бұрын

Field Change Order (FCO) is the key when it comes to delays on jobsite

@New-bw4kz 27 күн бұрын

That lady needs to start by figuring out her elevator pitch. She can’t even explain what they do..

@ASouthernBoyCanSurvive Ай бұрын

tip of the week: when its time for bills to be paid, maybe take a look at the business account you pay your bills from and if you see bills are being paid, if not, CALL SOMEONE, dont sit there and relish in that extra money sitting there. At some point they WILL come looking for it. If you cant do that, please dont come to me with a bid to do ANY KIND of work because you are IRRESPONSIBLE..any way..i think they should jump into corporate America where they can be told what to do and when to eat and when to go home.

@mwhe3111 Ай бұрын

Did they not get paid from the big job? How are they in vendor debt. They should pay vendors second after the IRS.

@MrTmenzo Ай бұрын

People are so dumb with bookkeeping. It's easy to verify first if bills weren't pulled yet instead of thinking "ooh extra money!"

@ASouthernBoyCanSurvive Ай бұрын

lets me know i dont want them doing work for me

@dorathystephanie7702 Ай бұрын

I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Stacey Macken.

@adamalker71 Ай бұрын

Wow...I know her too she is a licensed broker and a FINRA agent she is popular in US and Canada she is really amazing woman with good skills and experience.

@KamranKhalil-br6dk Ай бұрын

Stacey Macken's strategy has been instrumental in helping me navigate the past few months. Without it, I don't think I would have made it through

@x0cat711 Ай бұрын

Stacey demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit

@domenez Ай бұрын

I remember giving her my first savings $20000 and she opened a brokerage account for me it turned out to be the best thing that ever happened to me.

@robertgreg6009 Ай бұрын

Yes I can believed that, I got victory with her, was so sad after receiving the first pay knowing I invested so low with fear

@coderider3022 Ай бұрын

12:36 more leverage/ gearing was his point ?

@jongolden4855 Ай бұрын

I think that def applies. Warren would agree that it's easy to have messy processes in your business until things get tight.

@jongolden4855 Ай бұрын

I have a question for anyone who knows. How do you do effective job costing for smaller jobs like a mowing lawns, window cleaning, etc

@kbere4142 Ай бұрын

From what I’m told, they charge a set rate per square food based on the demographic. So a poor residential area has a different square foot rate from a rich residential area, and a commercial area is different as well. In each case, there’s a fairly set square foot rate for a basic package and then a flat rate charge for package add-ons.

@henxinggan 15 күн бұрын

You would figure out how much material and transportation costs you have for a certain part of a job and then add in the hourly cost of labor and part of the cost of overhead (software, tech, secretarial work, insurance, etc), then add on a percentage for profit/savings/risk.

@sleepyjoe1685 Ай бұрын

Close the business. This is a mess. They will never succeed.

@GrannyDryden Ай бұрын

Sounds to me that they hired on too many people too quickly, and had zero margin for error. Might be worth hiring a separate bookkeeper to help dig them out of this hole.

@fishmonger7020 Ай бұрын

I’ve seen a lot of subs in construction do this. They get a big job, hire a bunch of people, find out those people can’t do the job correctly, fire those people, then get behind. They end up getting so far behind they can’t make it to the agreed upon billing target, and then run out of capitol. Big jobs do not mean big money!

@davinasquirrel7672 16 күн бұрын

It sounds like she does have better accounting management than the husband (who seemed to have about zero skill). And that she has walked into a hot mess. She possibly does not have the skills (yet?) on the costing side of things. It is a hard situation to walk into, even with some skill, to keep the ship afloat and get it back on course. She probably needs a business management course to help her get up to speed. They were definitely overstaffed with 14, but may now be understaffed. Perhaps focus on the smaller jobs, faster turnarounds, and not play in the big sandbox for a while until on a more stable footing.

@Chad-qe6yv 21 сағат бұрын

Weird first 3 years he made a profit. She quits her job and comes to run the books and then all hell breaks loose.

@New-bw4kz 27 күн бұрын

That lady is so lost.. terrible business administration

@samsungemployee5243 16 сағат бұрын

If you spent more on taxes than your business has generated then you get some money back. How is this strange for you?

@eyebrow1 3 күн бұрын

Dave had to go back to the basics of Business management since this caller had no clue about their business.

@Songbird36able 9 күн бұрын

Why is your husband not calling in?

@williamfranklin6283 2 күн бұрын

He's out doing welding jobs he can for free and wondering why he's broke.

@mwhe3111 Ай бұрын

This company is a mess. Not the poor laid-off employees' fault. Live and learn...work for a better company. Glad I don't work for the caller.

@Rexamillion16 27 күн бұрын

i understand that someone like this would he freaking out, and want to call and talk about it right away, but at least do Dave (the listeners, and other business owners that need help) the justice of having your information together, your books together, where you can provide him with actual numbers, which he can help. This was just a sh*t show.

@_Y.Not_ 23 күн бұрын

She thinks she can fix this by being the bookkeeper and using spreadsheets in order to keep costs down, they can't, some things are worth investing in and good bookkeeping is one, she's just not qualified.

@Viviko Ай бұрын

Sounds like they were using Mercury. Mercury ran into a problem last year where they didn’t actually take out money when they should have. As a result, many transactions were reversed… I was affected. And, I had to talk to my previous clients about the awkward situation.