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

#126
#126
burntorangeVOLffle said:
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.
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Stay after it. It will grow. Every one starts at the bottom. Folks like us, we build this country. Not the Walmarts of the world.

Keep your nose to the ground and stay vigilant.
 
#127
#127
burntorangeVOLffle said:
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.
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I work from hone. 3 kids, myself. Keep after it and do all you can to succeed. But, and this is the tough part, give yourself a reasonable and clearly defined timetable to pack it in if it isn't working. Best of luck.
 
#128
#128
Obsessed said:
Stay after it. It will grow. Every one starts at the bottom. Folks like us, we build this country. Not the Walmarts of the world.

Keep your nose to the ground and stay vigilant.
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Mark, you're one of the best folks on this board. You prove that people don't have to agree to be agreeable. I appreciate you, friend.
 
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#129
#129
burntorangeVOLffle said:
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.
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It's not comparable. It's much harder to start a small business and make it that successful.

Dismiss this if you will but I've been a VP for a Furtune 100 company, an officer of a Fortune 200 company, a CEO and Chairman of the BOD for private equity controlled companies and a partner of privately held company. The smaller the enterprise and less available capital means less support employees, stricter operating discipline and less room for error.

I wish you much success in your new business venture. If I can be of any help to you, please let me know.
 
#130
#130
Obsessed said:
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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I had a dear friend that owned 1000 acres on a u right off the Muddy Boggy. Sold it last year. I'm going to miss going up there.
 
#131
#131
Still interested to see how this works out. I find it incredibly sad his brother filed a law suit. But the fact he picked up some business is good.... Still hope this works out for him.
 
#132
#132
burntorangeVOLffle said:
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.
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Doesn't matter whether your life savings are big or small, if you put them at risk, you are what makes America great. Being an entrepreneur is more difficult when you don't have much. Losing it all holds more consequences. Give 'em hell.
 
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#133
#133
McDad said:
Mark, you're one of the best folks on this board. You prove that people don't have to agree to be agreeable. I appreciate you, friend.
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Thanks Mcdad. (Don't want to give away your stage name)

I'm not a pita unless you make me get that way. :)

I have started at the very bottom. All I heard was get a real job.
What I find funny, all those people that said those things, went to work for me.
 
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#134
#134
Obsessed said:
Thanks Mcdad. (Don't want to give away your stage name)

I'm not a pita unless you make me get that way. :)

I have started at the very bottom. All I heard was get a real job.
What I find funny, all those people that said those things, went to work for me.
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LOL.. I had many people tell me that selling cars was beneath a college grad.
 
#135
#135
txbo said:
LOL.. I had many people tell me that selling cars was beneath a college grad.
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My buddy in Memphis that owns a lawncare company, his dad owns a dealership. (He may have retired now) he started as a salesman.
 
#138
#138
It was a Pontiac, Oldsmobile, GMC dealer back then. We were the only Licensed Ducks Unlimited dealer in the 90's


It was on hwy 57 (poplar ave)

God. I'm getting old.
 
#139
#139
Obsessed said:
It was a Pontiac, Oldsmobile, GMC dealer back then. We were the only Licensed Ducks Unlimited dealer in the 90's


It was on hwy 57 (poplar ave)

God. I'm getting old.
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Haha. It's ok. Just curious because my Dad retired as an assistant zone manager at Chrysler in Memphis. He helped negotiate and build some of their dealerships in the region.
 
#140
#140
VolGee4 said:
Haha. It's ok. Just curious because my Dad retired as an assistant zone manager at Chrysler in Memphis. He helped negotiate and build some of their dealerships in the region.
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It was originally Regis Olds.

Sorry.

The dealer was in collierville Tennessee. It's been many moons ago and I'm sure I have forgotten many a detail. So please don't hold it against me.
 
#142
#142
Obsessed said:
It was originally Regis Olds.

Sorry.

The dealer was in collierville Tennessee. It's been many moons ago and I'm sure I have forgotten many a detail. So please don't hold it against me.
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I was going to ask if it was in Collierville because Poplar isn't usually described as Highway 57 until you get out of Germantown. There is actually still a lot in Collierville on Poplar that used to be a dealership and is vacant. It is a now an eyesore in what has been a growing city.

There is now a Mercedes dealership in Collierville.
 
#145
#145
I guess anyone who has ever owned a business or been responsible for a P & L statement has shuddered a little at this guy and his prospects. You also have to wonder what he was thinking and who was advising him. Aside from his brothers lawsuit - this was going to put the very survival of his business at risk. One of his key advisors apparently immediately quit - because the plan she helped adopt - left her feeling unappreciated and there was now no money for the hard working management team. It is really no different than the upper management team a bonus of $1 million a year when the company is making $1 million. It leaves the company undercapitalized and unable to fend off or manage any hiccups, upticks or slowdowns.

You don't determine to pay people based on some study that says people feel better if they are making $70,000 than they do if they are making $35,000. Well duh. As long as they are on the West Coast why not make a law that all the fast food employees should be making $70,000 a year instead of $15.00 an hour. Heck why stop there ;-) I think $125,000 for saying want fries with that meal sounds about right.
 
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#149
#149
TNsnyper20 said:
Not going to be overnight. Plan is to get everyone in the company at 70k by 2017 I believe is what the article said. 5k a year in raises.

Extreme kudos for this guy. Now the pay off for him is getting good employees coming in. When a position opens up there will be tons of candidates applying for the position. He gets a larger pool to choose from. This also means his employees are way less likely to churn on him. Another win.
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:zeitung_lesen:
 
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