I agree with Dave on a lot of things and I appreciate his takes. The one major point of contention is the working remote part. Dave says he always wants thoroughbreds while some thoroughbreds prefer to be remote because it gives them more flexibility with their lives. And having worked in both a small business and corporate, small business gives you a little bit more freedom in your job and how you do it. Ironically, that should mean it should be easier to get a remote job for a small business, but it seems to be the opposite these days. In my experience, the biggest pitfall of the small business is they just can't offer nearly as much pay or benefits. If I could find a small business that was willing to give me the same compensation I make in a corporate job right now, I would take it in a heartbeat.
@kratostomatoes8587
2 ай бұрын
@@ZeikCallaway Bingo! The best know they have options that support a healthy lifestyle. I know my sh so I don't have to doordash, work at a cash register, or be micro managed in an office. I'm more productive at home. I have a richer life at home. I provide a better service at home. Boomers need to face facts that their precious retirement funds are going to eat sh because of the CRE bubble. Too f'ing bad boomers! We're just not coming back in to the office!
@chrisdawson3859
2 ай бұрын
😂🙄@@kratostomatoes8587
@Greg_Chase
2 ай бұрын
- loss of ability to enforce company culture - loss of ability to observe the employee's work during the 8 hour work day - loss of employee's ability to get the most out of the other employees (their peers) in the business An easy way to see why 'work from home' is a mistake is this scenario: *_You tell your 12 year old kid "we are sending you to foster care and you can visit your brothers and sisters 3 days per week"_* There is a solution for employees who want to work from home. Self-employment. So it's not like there is "no choice" .
@ZeikCallaway
2 ай бұрын
@@Greg_Chase If you have to enforce the culture you've already lost. The whole point of culture is you want people to cultivate it. If you have to watch your employees over their shoulder every minute of the day then you're not running a business, it's an adult daycare. If you hire professional adults, you should treat them as such. Set expectations for work and output, and as long as they're meeting that, who cares how they spend their day? You can have an inclusive culture, collaboration and knowledge transfer without having to be in the office. The irony here is a healthy culture would be able to thrive and have your remote employees thrive. If you didn't have a good culture then of course you'd have to "enforce" it and treat your employees like children.
@Greg_Chase
2 ай бұрын
@@ZeikCallaway I've got an MBA from UC Berkeley. Classes in Organizational Behavior were required as part of their 2 year business graduate program. I recognize you may not agree with Organizational Behavior tenets, and may not agree that all companies have a culture, but they do. *CULTURE TYPE #1* - there is no effort made by the ownership/management to establish KPI and behavior guidelines in the business _RESULT_ There are no Standard Operating Procedures established that guide the actions of employees. READ "The E Myth" by Michael Gerber *CULTURE TYPE #2* - Standard Operating Procedures were created by, and ENFORCED, by owners/managers McDonalds does this. *_READ "The E Myth" by Michael Gerber_* You don't need to complete a bunch of Organizational Behavior courses - read that book and it will help you immensely. If you own a business with no S.O.P. and no PURPOSE-BUILT culture, you can fix that, and it's not too hard, IF you create S.O.P. incrementally.
@SevenFortyOne
2 ай бұрын
I may be an exception to the rule but I work from home 4 days a week because my employer is 80 miles away. I put in 45 hours each week MIN and when I go to the office stay there for 12 hours to make the commute worthwhile. I have a unique skill this company needed and could not find in their local area. I am not able to relocate due to family obligations so we worked out this arrangement before I was hired and it has been working fine for the company and I both. A majority of the team I work with is scattered around the globe so there is no reason for me to be in a physical office every day. Work from home can be beneficial in the right situations and shouldn't be automatically discounted.
@danieldpa8484
2 ай бұрын
Depends on the owner - I work for a small business, owner managed and he’s worse than any big corporate I ever worked for!
@robertriggs2357
2 ай бұрын
In my experience, having worked for both and owning a small business, your experience is amplified in small business - as in great managers will move a mountain for you when they couldn’t in a corporate environment due to constraints, but obviously, the opposite is just as true. But to Dave’s point, if what I said is true, small business is a better experience - as long as you are with a good company. You should not work with a bad company regardless of size.
@igo0di
2 ай бұрын
Why not look for a job elsewhere?
@danieldpa8484
2 ай бұрын
@@igo0di I do, but it’s not as easy and the change should be for the better not for the worse…
@igo0di
2 ай бұрын
@@danieldpa8484 I recommend trying to do everything you can to change employers and if possible, before you take the job, look for reviews online from ex-employees to figure out what the place is really like
@djg4653
2 ай бұрын
That video of the day was great Thanks! I almost called this week to ask about exactly that because all week I’ve been having to remember that we aren’t gonna quit. They chose to quit, not me, so we have to keep rolling without too many hiccups, but man sometimes people who you trusted and tried to lift up just get too heavy to go forward with, and all in all it was gossip that broke the band up. Sometimes it’s best to agree to get someone out of the business. I think if what we are dealing with now had happened to me when I was younger and hadn’t had such insight from shows like this I probably would’ve quit.
@vaportrails7943
2 ай бұрын
The moral thing for the second caller to do is to tell the owner that he’s going to fire his step daughter before he buys the business.
@jasondima1411
2 ай бұрын
My wife works from home and she is ONE of the most reliable, productive employees they have and she works a full 40 hours a week plus OT with they offer it. I respectfully disagree with you on this topic.
@aaronmurphy8796
2 ай бұрын
If you just want a “JOB” corporate is better in a lot of ways than small busienss as far as employment . I agree with Dave on that . For me when I was working a job my main focus was building my real estate busienss . Within corporate it was fine to simply do the hours asked and hit my targets and it was fine to not be super sold out passionate about my job . So I think he’s right but I don’t think it’s as concrete that the trade off means you should always prefer working in small business .
@rachelharrison7961
2 ай бұрын
Does Dave Ramsey actually think he runs a small business? He has over 1000 employees. He IS corporate America.
@hammerdown3876
2 ай бұрын
But he wasnt always.. he built it from a card table in his living room... so he knows about small businesses because he used to be one.
@rachelharrison7961
2 ай бұрын
@@hammerdown3876 So was Amazon though! So was every big business. They all started on someone’s card table or garage or kitchen.
@kratostomatoes8587
2 ай бұрын
@@rachelharrison7961 Dangerously accurate.
@joncohen1470
2 ай бұрын
lol that cabinet maker was as smart as the bag of tools he uses every day.
@waluigi1647
2 ай бұрын
Dave, I'm considering starting a staffing agency and I'm exploring different funding options. There’s a concept called factoring where a company provides upfront money for invoices. Is this something you would consider as a viable option for a new business, or does it create more financial risk?
@Oaky
2 ай бұрын
The terms on all of my placements are 30 days. Seems like it wouldn't be needed
@EricMoore790
2 ай бұрын
The big ones will drop you like a bag of old Sun Chips on a hot summer day!
@Dave872010
2 ай бұрын
I get what Dave is thinking but I’m afraid he’s a bit out of touch. Most small businesses are no less ruthless than corporate America. Even if their heart is in the right place they simply can’t afford to really treat people well. So we should take less in hopes that we work for a very successful business like Dave owns and hope they take care of us when the chips are down? Big gamble. Working for yourself is the only true security. But not every person is built for that. I work for a big corporation known as one of the best for taking care of its employees. We’re still units of production for sure but they try and it’s a pretty darn good deal overall. My best friend works for the small business Dave is talking about. 40 employees. The owner is a special human being and he legitimately cares for his people. He’s highly successful and he’s proven over and over that he’ll go to war for his people. He’s one of those weird people a grown man can truly look up to. Heck I look up to him and I don’t even work there. Now the other 99% of businesses big or small just suck so take the best deal you can get until you find one of those special deals or create your own.
@bringforthtruth
Ай бұрын
This is crap. My wife got deathly ill, and they assumed she quit and terminated her, causing her to lose her insurance. We eventually got the insurance back, but they didn't bother to reach out or nothing.
@donvirts4608
2 ай бұрын
"I have a several hundred million building that I like to brag about, I'm sure not going to let people stay at home to work so they don't have to get child care".
@shawnmiller9763
2 ай бұрын
If you want to work twice as hard, do the job of 4 people, not get paid well and have terrible benefits, small business is for you.
@kratostomatoes8587
2 ай бұрын
There is nothing wrong with wfh. It gives people their lives back!
@davidwolfe7777
2 ай бұрын
Definitely agree that we should be using the KJV. There would be a lot less confusion. However you do you👍
@banditone7896
2 ай бұрын
I know Dave wants to be "kind", but paying someone for 8 or more months to do a job that is unnecessary is very expensive.
@danielm695
2 ай бұрын
WFH doesn't benefit more the empoyer than the employee
@blackhawks1870
2 ай бұрын
Making 25 million a year but payroll probably like 6 million
@nappa4317
Ай бұрын
Set up child care? All I hear is "You get a pay reduction of 1400 a month". Sure I hope I just NEED to be in the office. Second guy kind of sounds like bitter hardass. But who knows?
@altha-rf1et
2 ай бұрын
That is a lie A small business is the worst place to work for, usually a family own business they put the family first, they let go others first, no job security they only need a person when they need them
@AK-47ISTHEWAY
2 ай бұрын
I completely disagree with you. I would never go back to working a corporate job, especially if it's one that's publicly traded and issues shares for purchase on the stock exchange. They have a fiduciary responsibility to the shareholders, not to their employees. The longer you work for companies like that and the more money you start to make the bigger of a liability you become to them and they will find any reason to get rid of you. It's shareholders first and employees last.
@mememan9890
2 ай бұрын
@@AK-47ISTHEWAY Small companies are essentially the same, its just the people at the top (the family) that are valued over employees.
@kratostomatoes8587
2 ай бұрын
Imagine being such a boomer that you would force a mother to come in to an office and leave her child with someone else so you can micro manage her, even if she's getting her work done. BOOMER!
@djg4653
2 ай бұрын
Not forcing anyone. We don’t own you, you don’t own us. If I want you to work from the office guess what that’s what I’m paying you for. Your not entitled to a paycheck.
@kratostomatoes8587
2 ай бұрын
@@djg4653 Then don't complain about not being able to find good help. I'll gladly jump ship to an employer that cares about it's employees. Covid showed people what life can be like, that we're generally MORE productive, and how much time is wasted on propping up the bullsh commercial real estate market by forcing the cattle to eat out, commute, and live outside their home neglecting their families and real life.
@chrisdawson3859
2 ай бұрын
Victim mentality.
@vaportrails7943
2 ай бұрын
@@chrisdawson3859Slave owner mentality.
@kratostomatoes8587
2 ай бұрын
@@chrisdawson3859 More like people were made aware of just how pointless offices are.
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