Our Partners Stole our $3,500,000 Business
Our Partners Stole our $3,500,000 Business
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Пікірлер: 71
Im curious to hear the minority stake holders' side of the story on this. Seems to be a lot of pieces missing in this story
@TonyCox1351
24 күн бұрын
The minority stake holders side is almost irrelevant at this point. Would be interested to know for my own curiosity. But they need to move forward regardless
glad I'm not the only one picking up on the funny business here. doesn't sound right, wish we could hear a full story
I have a small business. If my most valuable team members tried to stage a coup and take over my business, my customers would never in a million years fall for it... And from 2 mentors? Something sounds strange.
@graycee8326
18 күн бұрын
No it doesn't, do you understand what a mentor is then? Mentors are more experienced and give lesser experienced persons help and advice. It would be so easy for a mentor to take advantage and plan a 'steal' as they probably feel they earnt it and built it with their mentorship.. I feel sorry for Grace and her husband.. Its disgusting what those mentors did and should be illegal..
@MaydaysCustomWoodworks
17 күн бұрын
@@graycee8326 lol. That's my opinion and my experience, lady. Nothing for you to argue here
@Floridaman8783
13 күн бұрын
You might think that about your customers. But when push comes to shove you’d be surprised. Seen it time and time again. Doesn’t mean they’ll all abandon you mind you. Just saying you’d be surprised
@MaydaysCustomWoodworks
13 күн бұрын
@@Floridaman8783 IDK why people keep thinking that they know more about my business than I do lol. I assure you that I wouldn't be surprised at all. My business isn't large enough for my team members to have even the slightest chance of stealing my customers and doing what I do. And I only have 4 customers who are incredibly loyal.
@graycee8326
11 күн бұрын
@@MaydaysCustomWoodworks I'm not arguing lol... just like you, I stated my opinion and provided the means to prove why I thought that way. I was just trying to show you how easy mentors, with all their knowledge and understanding on the business topic, would know how to make an offer irresistible to the best clients. That was all...
"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?
@zbeavermanz4277
18 күн бұрын
It's possible but also it's possible that they had acess to insider knowledge like what their profits were and cash flow. A cunning individual could undercut them at the worst time and since they are minority holders they can convert effectively their minority shares into complete ownership.
Why do I suspect that the "Mentors" built the business and they took a free ride. Seems they cannot make it on their own. Time to go to work for someone else. The "Mentors" and "Clients" all left. Tells a story.
@JessicaLovely1
28 күн бұрын
Good point. I didn’t think of that.
@DeepestQuotesAnd
27 күн бұрын
I personally don't think anyone would have the chutzpah to say "built with our own blood and tears just the 2 of us" if they just "took a free ride". It's too easy to verify nowadays. But I agree that her version sounds a lil fishy/incomplete.
@tomsassurance
27 күн бұрын
@@DeepestQuotesAnd Remember the Mentors took the customers and somehow 30 employees left. If you can build it once you can do it a second time much quicker.
@TeKnoVKNG23
25 күн бұрын
Yeah that along with the reputation hit makes it seem this way. The reputation hit is probably because they weren't pulling their weight or doing any work.
wow 34 employees for 3.5m revenue seems like a small amount of revenue for so many employees. my bro started a company with basically no startup cost with 2 other employees that had 3m in revenue its first year.
@johnwhite6667
7 күн бұрын
What was the business?
"How do I rebuild? Also, I'm kind of a stay at home mom right now..."
@fauxbro1983
28 күн бұрын
Lol yep. A mommy-peuner
@MrTmenzo
28 күн бұрын
Got lazy
@totostamopo
23 күн бұрын
And...why isn't her husband on the call with her???? . It sounds like he got clients and then couldn't manage them and then those he chose to bring in to "help" took over. Great insight from Ramsey on this one.
Confidence can be shaken when people do you wrong but you do go forward and regroup. You know who you are, and will have to go forward. Stopping is not an option.
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
@Lourd-Bab
6 күн бұрын
Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks
@Williams093
6 күн бұрын
@@Lourd-Bab However, if you do not have access to a professional like JUDITH ANN PEACE, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments
@Lourd-Bab
6 күн бұрын
@@Williams093 Oh please I’d love that. Thanks!
@Williams093
6 күн бұрын
@@Lourd-Bab Judith Ann peace is her name
@Williams093
6 күн бұрын
Lookup with her name on the webpage.
Not buying this one. A lot of missing information here.
You dont own the clients, competition can come any time and offer something that they perceive as better.
You had three clients that the business was entirely dependent on, those clients had a better relationship with your minority partners than they did with you and you had no non-poach clause in the partnership agreement? The blame is entirely on you for that. If you run a $3.5m revenue business and do it badly, I have no sympathy. Your partners and your clients left for a reason. They were better off without you. You can't blame them for that. They looked after themselves, which is their right. You need to examine why they were better off without you. Once you've figured that out, it will probably give you a clue to why you can't find any new clients. Then you can decide what you are going to do about it. Which might be to just go and get a job and stop trying to be a business person.
Seems like you're the problem, not the mentors!
This is an amazing woman! She is fighting for a company that her husband and she created while getting screwed. Her call in seems last resort while Dave gives advise of you fck’d up start again. I’d hate to be in that situation and really hope the best for her and her family!
Gotta look out for #1
so with around 30k salary. 1m in wages. Covered by 3.5m salea
How do stakeholders steel clients from their own company? They dissolved the company because the minority stakeholders wouldn’t buy them out??? Something isn’t adding up.
Why get a degree and student loans if you are going to stay home with the kids???
@suellenfunk1898
23 күн бұрын
Education is a benefit no matter your position in life! And the children see this also!
@ykook7000
21 күн бұрын
Well why is the women always blamed when it takes 2 PARENTS to have kids
Offer the callers like this one a one-to-one phone consultation for a half an hour. For a fee of course
@lucilleyoung4744
2 күн бұрын
Interesting but Dave is 100 right. The best revenge is moving on, before you know it, you are in a better place, maybe a different, more productive business.
They just played this the other day.
Sounds like she was leeching off of them and they finally cut her out?
If they were hungry this wouldnt of happened. They wouldnt have been taken over either. Gotta be hungry.
Education costs.
I’m going to give them the benefit of the doubt and say they were the suckers who put up the financial risk for an idea a couple pro’s had. They had three clients, so easy to steal and implode. They learned things, but didn’t really grow an😢thing. My guess is the minority partners had a non-compete that expired and this take-over was always 😢he plan
Infuriating how people do this to others. 😡😡 emotionally hard and obviously financially but damn people suck and can be vicious
@mikeyg1776
28 күн бұрын
She said it was their mentors so they had built them the company and decided to go on without them
@fire12731
28 күн бұрын
@@mikeyg1776 Doesn’t sound like that at all. Sounds like they were left high and dry🤷♀️
@veramae4098
27 күн бұрын
I've had the same housekeeping company for over 20 years. On and off the owner will mention that this or that worker went off and started their own cleaning business, doing everything they'd been taught, and TAKING their customers.
How do most of you guys still make profit, even with the downturn of the economy and ever increasing life standards
@gaspardfigueroa
28 күн бұрын
Well, I picked the challenge to put my finances in order. Then I invested in cryptocurrency and stocks, through the assistance of my discretionary fund manager
@SC-4rqub
28 күн бұрын
This is correct, Nancy's strategy has normalized winning trades for me also and it’s a huge milestone for me looking back to how it all started..
@Scott-qwer
28 күн бұрын
Nancy is considered a key Crypto Strategist with one of the best copy Trading Portfolios and also very active in the cryptocurrency space.
@-vv3rv
28 күн бұрын
Please how can I reach out to her easily?
@gaspardfigueroa
28 күн бұрын
She's mostly on Telegrams, using the user name
Why do I suspect that the "Mentors" built the business and they took a free ride. Seems they cannot make it on their own. Time to go to work for someone else.
@MrTmenzo
28 күн бұрын
Or the mentors provided capital and the couple doing the hard work who knows
@thomasdalton1508
28 күн бұрын
@@MrTmenzoClients don't go with the person providing the capital. They go with the person doing the work of maintaining a relationship with them.