From the headquarters of Ramsey Solutions, this is Ontario Leadership.

I'm Dave Ramsey, your host with over 30 years of experience leading in the trenches right alongside you.

If you have a question you want to ask on the show, click the link in the

description. David is in Columbia, South Carolina. Hi, David. How are you? Good. How are you?

Better than I deserve. What's up in your world? Well, we're a construction management,

professional services provider in South Carolina. We have about 100 employees

and $22 million in annual revenue. Very well done. Cool. Thank you. Thank you. Yeah. It's been an amazing

nine years. So we've grown really fast.

And my question today is about nine years ago, I was in this industry.

I was an owner's representative on a construction project, and my dad did the same thing.

We decided to, I started a business that was a service disabled,

veteran-owned small business and brought my dad on to that business. As part of that, he,

we shared in the ownership and he had a small company that this was kind of his exit strategy

so to speak and so he shared some of his knowledge but as the partnership went on over the

nine years he really hasn't engaged much he just really wanted to work on a project as opposed to really

engage in growing the business. And so I've kind of done a lot of that by myself. We set up a real

detailed operating agreement with a buy sell and a timeline of nine years and it was going to be,

you know, we were going to sell based on a specific formula. And then I've come to him and, you know, the formula. You're going to sell to each other or sell

to an outsider? He's going to sell to me. Okay. He's going to sell his business.

After nine years, that was in the original operating agreement. The original operating. And here we

are at nine years. Here we are at nine years. Okay. And we're, you know, I came to him and I said, hey, here's the calculation. And, you know, we didn't necessarily really know what we were doing back then. And so it was a percentage of the revenue of projects under contract, which seemed fair then. But if you really look at valuations, it's, you know, the worst of our firm is higher than it was.

And so he's wanting, you know, three times what is in the operating agreement.

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