I’m Making Millions but I’m Worn Out

Today we’ll hear about:
• A business owner who’s making millions trying to decide whether to grow his business or pay off personal debt
• A financial advisor wondering if he should start his own business using his employer’s client list
• The keys to successful delegation—straight from Dave Ramsey
• A CEO wondering how he should prioritize his time in his business

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[cparjr]

This is me exactly right now. I am in construction, have 2 companies, and exausted. I let go of the donkey a few months back, and now my load is very heavy, so much so that I feel like winding things down. I think I need to start looking for a thoroughbred. I have been asking God for direction. Maybe this was it... I will pray about it, talk to my wife, and do my best to make the right choice. Thanks, Dave.

[Wallx]

What is missing from the baby steps is to take care of your health. Go on a diet, be careful what you eat, cut out the alcohol, stop drink soda, stop smoking pot and do some exercise. It isn't work that is wearing you out, it is lifestyle.

[Radial-racer]

The people who get you to one level won’t always get you to the next.

[georgewelker]

Finding a good person who cares about your work even half as much as you isn’t easy but it is way worth it

[Zachary_Setzer]

Regarding the second call, I don't see how a service business can own a client unless they're under an ongoing contract. Clients have a right to choose which professionals they work with. If he leaves and a client days, "You're my guy, I don't even know the owner of the firm, " there is nothing at all unethical about that.

[John-dumq]

To the first guy. People will never care as much about your business as you. However, if you pay enough you will get good people to care quite a bit. Sounds like for how much money you make you are understaffed and the people there are probably underpaid and overworked.

[RichardTouchfaith]

I also feel like this caller, though I do not own a company nor am I making millions.

[mechie]

If anyone is looking for a project admin or project coordinator, I am looking to get back into the field and have my resume ready to go. That goes for you too David, I can be that person that gets the job done.

[evenbiggeral]

I learned quickly that donkeys are not trainable and also will damage the business. Firing donkeys seems hard but you get used to it. Then pay premium salaries and hire top people.

[OptimalOpinion]

#2 indication of a cesspool = blaming hirees

[theJhanaLi]

How do you balance giving team members opportunities to grow and prove themselves with the need to maintain high standards and protect your brand? Have you ever had to step back in after delegating too soon?

[Bearlytherely]

If the money is good, I'll care. These owners want this to be your life's purpose... Sorry, you gotta pay the man, and pay him well.

[mariorodriguezruiz]

From total ignorance, why is it unethical (or even illegal?) to take those clients? Clients belong to nobody and they are free to choose to follow you if they are happier with you than what they are with the overall firm. Free market I would say?

[MrRevil]

That last caller. The math ain't mathing. 2.9M 75 Employees 40k gen per employee. Where's the meat on the bone? What's your profit?

[GemZwriting]

What happens if you care, and the toxic environment forces you to stop caring. Because the Owners are turning a blindeye to the mismanagement of their business. Eventhough you've pointed out where the toxicity is coming from. What then?

[thestorybehindthat]

About the guy and taking the book of business to start his own company with. I don't get how it's unethical if his old clients look him up and reach out to do business with him? People follow people they like and move to competitors as markets offer different options. I don't see how the customers are obliged to continue with the the existing service provider. Customers have choices and their own free will and a final say about who they'll do business with. Companies don't own their clients. I'm sure Dave has followed contacts he likes and trusts when they make a move. I do think it would be unethical to use a list and actively reach out to customers from the old business to build a new one. But if you're offering something better and old customers look it up and want to go with you, that's just business.

[jimray]

I thought donkeys were excellent pack animals that do great work? 😅

[joeydupre]

To the first $400k-$500K is not enough for you?? Sounds like you're not in it for the money, but for the thrill of entrepreneurship. Nothing wrong with that, but I'll wager you won't be sorry you didn't build a bigger company on your deathbed.

[ProgrammingWIthRiley]

That’s a lot of work for a net net net 500k

[itsmedaveh]

I stopped in the middle of Jason from Miami. Jason does not the character or ethics to do the right thing in my humble opinion.