Why Do You Keep Doing This?
The Ramsey Show Highlights
Ramsey Network
4.5 • 839 Ratings
🗓️ 14 April 2024
⏱️ 8 minutes
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| 0:00.0 | Brought to you by the Every Dollar app. Start budgeting for free today. So me and my wife, we make a pretty good |
| 0:09.4 | income. Combined, we make about $500,000 a year. Wow. Way to go. Thank you. No, mostly her. |
| 0:19.9 | So a few years back, I invested basically everything that I have into this business, |
| 0:25.8 | it's a franchise business that I bought into. |
| 0:29.2 | And, you know, it's been struggling for quite some time. |
| 0:32.2 | But I wanted to know how I could separate myself from the business and all those sort of things. |
| 0:38.8 | Because right now, I'm really, you know, taking, feeding from my bank count into the business |
| 0:44.2 | bank count. |
| 0:45.1 | So the, wait a minute, your business is losing money. |
| 0:48.5 | Correct. |
| 0:49.1 | It's not profitable. |
| 0:50.5 | How much money? |
| 0:51.3 | Correct. |
| 0:53.1 | And for how long? |
| 0:54.3 | So, yes, I think all in from origination, I'm probably 800,000 in the hole. |
| 1:03.8 | So what is the belief that this is going to turn? |
| 1:11.4 | So, I mean, we had hurdles mainly because we had, like, you know, a manager that was not showing up, |
| 1:17.8 | but like employees not doing the jobs. |
| 1:20.0 | And it was really difficult because I no longer live in the area of where the business is. |
| 1:25.0 | So I couldn't just hop in. |
| 1:26.3 | And what I've done is I've revamped operations, specifically, you know, working with the entire team, |
| 1:32.2 | having weekly calls, all these sort of things to establish that, you know, cadence of... |
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