One Company’s New Minimum Wage: $70,000 a Year

#101
#101
burntorangeVOLffle said:
The worst thing going for him right now is his broher suing him which has nothing to do with his radical compensation plan.

Other than that he's hurt some people's feelings and expanded his business.

I like the story of the pizza place he picked up. Saved them money on processing fees so the owner, inspired by Price's actions, looked for ways to pass on those saving to his employees.
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No, the worst thing for him is that he completely erased the earnings of a profitable enterprise. His greatest problems lie ahead. Productivity requires incentive. His employees no longer have any incentive to advance.
 
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#102
#102
burntorangeVOLffle said:
You were a landscaper right? I think I've seen you mention that before.

You're comparing apples to oranges as to what this guy does. He built a multi million dollar business by 25 years old. He's no dummy.

The whole merit and achievement thing is subjective. If he feels every employee in his company is worth 70k then they that what they are worth.

But yes... The "LOLs" over a semi negative article (which really just described how he is managing it and in no way sounded a death knell for the business) by those in this thread that see this as an assault on capitalism or some type of socialist statement WANT this guy to fail.

The law suit could he a fatal blow regardless of what he pays his employees.
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Apples to oranges because he built a multi-million dollar business?

How old were you when you made your first million?
 
#103
#103
burntorangeVOLffle said:
You were a landscaper right? I think I've seen you mention that before.

You're comparing apples to oranges as to what this guy does. He built a multi million dollar business by 25 years old. He's no dummy.
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You couldn't be more right. Apples and Oranges. Obsessed built a business from nothing by risking his own money and sold it for a multiple of earnings. This gentleman built a business from nothing and now it's worth nothing.
 
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#104
#104
2.2 million in profits last year.

My buddy in Memphis (who owns a lawn company) would consider this a very bad year.
 
#105
#105
Obsessed said:
Apples to oranges because he built a multi-million dollar business?

How old were you when you made your first million?
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LMAO! i know of many multi-million dollar businesses that have no earnings. Revenues mean little to a poor business model.
 
#107
#107
Obsessed said:
2.2 million in profits last year.

My buddy in Memphis (who owns a lawn company) would consider this a very bad year.
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Here is the problem: you are arguing from a point of actual facts and experience, he is arguing from political persuasion and what he "feels" is right. You will never convince a Leftist he or she is wrong because they have been taught their entire life it is someone else's fault and they are "owed" something. Hence, each of those employees is "owed" 70k therefore it can never be a bad idea or flawed plan.
 
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#109
#109
txbo said:
No, the worst thing for him is that he completely erased the earnings of a profitable enterprise. His greatest problems lie ahead. Productivity requires incentive. His employees no longer have any incentive to advance.
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Unless I missed it he never capped wages at 70k. And this article even quoted employees who felt pressure to work harder so the felt like they earned the raise. So it cuts both ways.

Obsessed said:
Apples to oranges because he built a multi-million dollar business?

How old were you when you made your first million?
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I'm not trying to be insulting. If you had a successful landscaping business and you were able to sell it off then more power to you. I just don't think a 12 man landscaping business is comparable to a 200+ employee credit card processing business.

As for my first million I've yet to do that. I may never. Who knows. I just went into business for myself a little over a year ago with a friend of mine. We are just a two man operation getting our foot in some doors. I wouldnt compare what I do to landscaping or banking either.
 
#111
#111
txbo said:
Impressive.
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They look down on guys like him and myself. We use our backs. We build it. We make money.

I laid it all on the line when I was 25. Went to Deere and bought a 8,000 mower with one 45 dollar a week account. With in 3 years I had state and federal contracts. Year after, I was small business man of the year for Arkansas. I received letters of accommodation from the Corps of Enngineers. And a letter from W. as well.

Granted I worked 18 hours a day. But it's part of the game.
 
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#112
#112
burntorangeVOLffle said:
Unless I missed it he never capped wages at 70k. And this article even quoted employees who felt pressure to work harder so the felt like they earned the raise. So it cuts both ways.



I'm not trying to be insulting. If you had a successful landscaping business and you were able to sell it off then more power to you. I just don't think a 12 man landscaping business is comparable to a 200+ employee credit card processing business.

As for my first million I've yet to do that. I may never. Who knows. I just went into business for myself a little over a year ago with a friend of mine. We are just a two man operation getting our foot in some doors. I wouldnt compare what I do to landscaping or banking either.
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It doesn't matter.

Dollars are dollars.
 
#113
#113
Obsessed said:
They look down on guys like him and myself. We use our backs. We build it. We make money.

I laid it all on the line when I was 25. Went to Deere and bought a 8,000 mower with one 45 dollar a week account. With in 3 years I had state and federal contracts. Year after, I was small business man of the year for Arkansas. I received letters of accommodation from the Corps of Enngineers. And a letter from W. as well.

Granted I worked 18 hours a day. But it's part of the game.
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Kudos. I came out of school at the end of the Carter administration when jobs were scarce. Sold cars to pay my bills. Worked 60 hour weeks for years trying to get ahead. Today I'm the managing partner or 3 dealerships in Houston.
As a car salesman, I understand being looked down on. LMAO!
 
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#114
#114
txbo said:
Kudos. I came out of school at the end of the Carter administration when jobs were scarce. Sold cars to pay my bills. Worked 60 hour weeks for years trying to get ahead. Today I'm the managing partner or 3 dealerships in Houston.
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Oh hell yeah!

Congrats my friend.

Hard work and dedication.
 
#115
#115
Obsessed said:
Apples to oranges because he built a multi-million dollar business?

How old were you when you made your first million?
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Making it and sustaining it and are two very different things. There are many many folks who got a good idea and grew the business but could not sustain or manage that business.
 
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#116
#116
txbo said:
Kudos. I came out of school at the end of the Carter administration when jobs were scarce. Sold cars to pay my bills. Worked 60 hour weeks for years trying to get ahead. Today I'm the managing partner or 3 dealerships in Houston.
As a car salesman, I understand being looked down on. LMAO!
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Where in Houston? Brother lives in Conroe.
 
#121
#121
Obsessed said:
I agree.
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What part of OK do you live? I have a daughter that is a senior at OSU. I also spent a good amount of time working in Tulsa and OK City. Also did a good bit of hunting off the Muddy Boggy River in SE OK.
 
#122
#122
txbo said:
What part of OK do you live? I have a daughter that is a senior at OSU. I also spent a good amount of time working in Tulsa and OK City. Also did a good bit of hunting off the Muddy Boggy River in SE OK.
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You should meet GrandVol. He works with OU and OSU police or special events or something.
 
#123
#123
McDad said:
You should meet GrandVol. He works with OU and OSU police or special events or something.
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I'd certainly enjoy that. I can see that he and I have many common interests.
 
#124
#124
txbo said:
It doesn't matter to me what you do for a living but out of curiosity, do you have any personal money at risk in your current profession?
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Yes but fortunately what we do doesn't require much capital to start up. What I bring home currently is much much less than I what I would make working for someone else doing the similar things.

But my schedule is more flexible and with 3 small children at home that is invaluable.
 
#125
#125
txbo said:
What part of OK do you live? I have a daughter that is a senior at OSU. I also spent a good amount of time working in Tulsa and OK City. Also did a good bit of hunting off the Muddy Boggy River in SE OK.
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I'm on the eastern border. Closer to ft smith.

Mcdad is right. Grandvol carries contracts for private security for OU and OSU. He has the "in" there.

OSU is a great school. Damn the Sooners!!!!

Muddy Boggy River I know of. :)
 
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