alright lets talk business, shall we

marty79

Well-Known Member
Joined
Nov 24, 2013
Location
Newton, NC
Adjust his margin through company gain or your value as an asset. Even after that it's his call.
Your exactly right sir and I totally agree. It's an employers call to do as they will with their business, pay whomever they want what they want because it's their show. Yes I completely am aware of that, not arguing at all. I just stated without naming anyone that, in general, I don't agree with this way of business/relationship for anyone who runs a business. That doesn't mean anything though because like YOU stated, they are entitled to that and so am I to my requests and thoughts.

So, my perspective in business is this: always has been, always will be and nobody will change that!!
I lets say am self employed running my own business...just me ...one man team...all alone.
ok, my labor rate is $100 per hour (for sake of argument)
I do good, get known, get clients blah blah blah I grow and now I'm too busy to take in more work.
So, now I (employer) have 2 options: Stay at my current level turning away new work and maintain the path of business and finances I am making or Option 2: look into hiring help to grow the business

When I (or any Employer) hires someone(s), I am inviting that person into my business to represent my business, represent me (the owner), represent my work or product, produce my work or product, take care of my work/product, and do all this to the best of their sincere ability as my employee. This is what I and any "employer" wishes to do when looking/wanting to grow their business. It's for growth of their product or service, growth in finances and with hopes to maintain the growth to provide long term residual growing and providing good product/service while providing constant growing income for such business owner.
This is where I will never understand the worlds perspective on this part:
The Problem I see: Employers don't realize they aren't just "hiring"...they are inviting that person or persons to be a part of their team, part of their business and part of their work. The "employee" is doing the work for the business to grow, therefor the "employee" should be well paid from the hourly rate because they (employee) is doing the new work load which brings the business owner that much more income yet the "employee" is doing most of the work that they are to do but whose getting paid...a lot? not the guy doing the work...that's the problem. I don't thing it should be 50/50 by no means but c'mon, should an employer really take 75%/80% of that "employee's" hourly charge rate and the "employee" only keep %20 even though he/she is doing the actual work...how's that fair or right.

This is where everyone says "well, the business owner came up with the business/product/service!, so they have the right to charge/pay according to how they see fit"
That's bs: Doesn't matter that I or "employer" designed it or made it. Fact is when you hire people, that employer is "relying on the Employee" to grow their business ....PERIOD. Without "employees" NO BUSINESS would ever grow but remain at the level they were when they had all they could handle. That's why really smart business people and even books on business tells you "employees make your business"...hello duh common sense.
Take any business out there that has employees, any one of them: Tomorrow NOBODY shows up..business makes $0 dollars that day. If Owner could handle that stress and kicks it into high gear could salvage and produce what he/she could to keep it afloat downsizing to what they were when they first started and could handle on their own. Employees is the reason why ALL business thrive, become big, popular, wealthy, sustaining and mass producing products/services. Take away the employees and that said business becomes an empty building full of echoes.

This is why business owners get rich and richer while the employees are the ones making them rich.
Still don't believe me, fine here's the math:
Employer charges $100 per hour: Pays employee 1 - $20 per hour ($80 p/h floating?)
Pays employee 2 - $20 per hour ($80 p/h floating?)
employee 3 - $20 per hour ($80 p/h floating?)
Floating $240 PER HOUR ....whose getting that money, the Employer!!!!
So the Employer is making $240 PER HOUR for every hour his 3 employees work,
So that's almost $2000 a day, $9600 a week, $38000 a month, $460000 a year WOW THIS IS AFTER EMPLOYEES ARE PAID...yeah whose getting rich, not the employees.
while they doing all the work go home with lousy $20 p/h and then to make it even better, those Employers are the same ones that love to always say, "I ain't making a whole lot more than you guys at the end of the day." I have worked for couple small business owners who I could say legitimately didn't make a whole lot but that was because they didn't have a clue of how to run a business and were wasting money all over the place. Not all people are made to "run" a business, no problem with that, it's too bad those that can't won't admit it and run themselves into the ground.

And spare me the bs on "shop bills and fees"??!!! Serioulsy, a business the size of the example above (3 employees) is not spending that much money to where he/she couldn't afford to pay those employees better wages considering THEY are the ones making that business all the money and that Owner doesn't have to do any work. Even at lets say $150K a year to keep the small business running, numbers still don't add up. That employer makes a six figure income while those 3 employees are barely getting off food stamps.

So there you have it, my business perspective. It's MY opinion, My views, my thoughts. YOU DON"T HAVE To like it, or agree or disagree. BUT please keep the discussion to a grown up manner and talk sensibly if you're gonna talk.
 
Your exactly right sir and I totally agree. It's an employers call to do as they will with their business, pay whomever they want what they want because it's their show. Yes I completely am aware of that, not arguing at all. I just stated without naming anyone that, in general, I don't agree with this way of business/relationship for anyone who runs a business. That doesn't mean anything though because like YOU stated, they are entitled to that and so am I to my requests and thoughts.

So, my perspective in business is this: always has been, always will be and nobody will change that!!
I lets say am self employed running my own business...just me ...one man team...all alone.
ok, my labor rate is $100 per hour (for sake of argument)
I do good, get known, get clients blah blah blah I grow and now I'm too busy to take in more work.
So, now I (employer) have 2 options: Stay at my current level turning away new work and maintain the path of business and finances I am making or Option 2: look into hiring help to grow the business

When I (or any Employer) hires someone(s), I am inviting that person into my business to represent my business, represent me (the owner), represent my work or product, produce my work or product, take care of my work/product, and do all this to the best of their sincere ability as my employee. This is what I and any "employer" wishes to do when looking/wanting to grow their business. It's for growth of their product or service, growth in finances and with hopes to maintain the growth to provide long term residual growing and providing good product/service while providing constant growing income for such business owner.
This is where I will never understand the worlds perspective on this part:
The Problem I see: Employers don't realize they aren't just "hiring"...they are inviting that person or persons to be a part of their team, part of their business and part of their work. The "employee" is doing the work for the business to grow, therefor the "employee" should be well paid from the hourly rate because they (employee) is doing the new work load which brings the business owner that much more income yet the "employee" is doing most of the work that they are to do but whose getting paid...a lot? not the guy doing the work...that's the problem. I don't thing it should be 50/50 by no means but c'mon, should an employer really take 75%/80% of that "employee's" hourly charge rate and the "employee" only keep %20 even though he/she is doing the actual work...how's that fair or right.

This is where everyone says "well, the business owner came up with the business/product/service!, so they have the right to charge/pay according to how they see fit"
That's bs: Doesn't matter that I or "employer" designed it or made it. Fact is when you hire people, that employer is "relying on the Employee" to grow their business ....PERIOD. Without "employees" NO BUSINESS would ever grow but remain at the level they were when they had all they could handle. That's why really smart business people and even books on business tells you "employees make your business"...hello duh common sense.
Take any business out there that has employees, any one of them: Tomorrow NOBODY shows up..business makes $0 dollars that day. If Owner could handle that stress and kicks it into high gear could salvage and produce what he/she could to keep it afloat downsizing to what they were when they first started and could handle on their own. Employees is the reason why ALL business thrive, become big, popular, wealthy, sustaining and mass producing products/services. Take away the employees and that said business becomes an empty building full of echoes.

This is why business owners get rich and richer while the employees are the ones making them rich.
Still don't believe me, fine here's the math:
Employer charges $100 per hour: Pays employee 1 - $20 per hour ($80 p/h floating?)
Pays employee 2 - $20 per hour ($80 p/h floating?)
employee 3 - $20 per hour ($80 p/h floating?)
Floating $240 PER HOUR ....whose getting that money, the Employer!!!!
So the Employer is making $240 PER HOUR for every hour his 3 employees work,
So that's almost $2000 a day, $9600 a week, $38000 a month, $460000 a year WOW THIS IS AFTER EMPLOYEES ARE PAID...yeah whose getting rich, not the employees.
while they doing all the work go home with lousy $20 p/h and then to make it even better, those Employers are the same ones that love to always say, "I ain't making a whole lot more than you guys at the end of the day." I have worked for couple small business owners who I could say legitimately didn't make a whole lot but that was because they didn't have a clue of how to run a business and were wasting money all over the place. Not all people are made to "run" a business, no problem with that, it's too bad those that can't won't admit it and run themselves into the ground.

And spare me the bs on "shop bills and fees"??!!! Serioulsy, a business the size of the example above (3 employees) is not spending that much money to where he/she couldn't afford to pay those employees better wages considering THEY are the ones making that business all the money and that Owner doesn't have to do any work. Even at lets say $150K a year to keep the small business running, numbers still don't add up. That employer makes a six figure income while those 3 employees are barely getting off food stamps.

So there you have it, my business perspective. It's MY opinion, My views, my thoughts. YOU DON"T HAVE To like it, or agree or disagree. BUT please keep the discussion to a grown up manner and talk sensibly if you're gonna talk.
I believe I've been more than sensible. Clearly the terms net profit, gross profit, overhead, and operating cost are beyond your full comprehension.
Grown up? Really?
 
I don't ever jump on this stuff because, hell, this is a 4x4 forum, not a place to play a tiny violin but its clear that someone does not understand how businesses get ran.

That $80 profit per hour you speak of is rally more like $10 if you're lucky as a business owner. Labor burden, other taxes, insurances, overhead all comes out of that $80 per hour. Who pays for the building, most of the tools, the electricity, water, toilet paper, accountants, the list goes on man.

I mean sh*t, you gotta know the nuts and bolts of these things before you put this crap out there.
 
Clearly the terms net profit, gross profit, overhead, and operating cost are beyond your full comprehension
no there not but that is the same ol answer everyone gives and it's load of crap. "the rich get richer, poor get poorer" that came from somewhere?? Even after business expenses, (which I know what business expenses an employer has that I work/ed for so please spare me
That $80 profit per hour you speak of is rally more like $10 if you're lucky as a business owner. Labor burden, other taxes, insurances, overhead all comes out of that $80 per hour. Who pays for the building, most of the tools, the electricity, water, toilet paper, accountants, the list goes on man.
again I'm not stupid. I know what expenses there are at each job I've worked since most of them were small business owners (I'm good with math and numbers)
 
Dangit John I thought you’d changed a little bit. You make me sick. I was starting to like you too. You have zero idea how business works and you should keep your dang mouth shut.

The business owner is doing well, but he also has more expenses than the employee so your $100/hour scenario is a joke. Employer also has overhead and risk involved therefore he’s probably only making $40/hr profit. And guess what, sometimes business ain’t profitable so you wind up eating it some time.

Here’s the other thing...

You sat down and said “yes I will work for you for X amount of dollars” so who’s the real fool here?

Lastly, I wouldn’t count on having this job much longer if you think @firetoy is getting rich off your mediocre fab skills. Maybe he’s more patient and sees something in you that none of us do. But so far, you’ve proven to be the same ol John from a few years ago.
 
You won’t take out a loan and buy all the equipment you need to start your own Fuller Fabrication. That way you can stick it to the man and make all the money instead of feeding greedy shop owners............ you’re a strong independent man, you don’t need no learning from no body.
 
You know what it’s like because you ran your own business you know the costs, right?
 
Dangit John I thought you’d changed a little bit. You make me sick. I was starting to like you too. You have zero idea how business works and you should keep your dang mouth shut.
why do I always feel like I'm in front of a "cheer squad" that goes YAYY when John is cool and NAAYY when John is not cool :lol::lol::lol: I mean yall are a joke. Whoever said I'm out here to "impress" anyone...
 
btw, figured it was time for good old Fuller discussion since I know I'm different than everyone else I knew this was LONG OVERDUE and everyone would enjoy the shinanigans. If you don't believe me, well I've kept quiet for years now but figured what the heck, why not. Let's stir the crowd a little lol enjoy
 
(I'm good with math and numbers)

Like hell you are. You’re missing it by a mile. I’m ashamed to admit how mad you’ve actually made me with your stupidity. You are a selfish, entitled, whiny fool who thinks you should just get handed a big salary for nothing.

I don’t think you truly understand what it costs to run a business and it actually compute to a real number you can wrap your head around. The money coming in and the money going out at the end of the day is not as much as you think.

People like MarsFab, M@M and several others are doing well no doubt. But they’re not millionaires like your making out. When people say “the rich get richer” they’re talking about people with stupid money, like they’re interest pays them more than any of us could dream of.

I’m talking about real world small business owners where the guy might make $150K/year but he’s putting in gobbs of time and to someone like you, you probably think he’s rolling in it when it really looks like $350k coming with $200k going out in expenses and then his $150k gets taxed so it’s really like $80k. So there’s the man “getting rich” off of you and he has ALL the headache and stress with the risk for only double what he’s paying you.

But I give up. You will never understand any of this and I hate that I’ve let you get to me. I’ve never wished for a man to lose his job, but I won’t have to cause you’re certainly screwing this up all by yourself.
 
^^ bingo, A rough rule of thumb is that an employee's actual cost is at least 2x their hourly rate. I know where I work, the "overhead rate" - meaning what we asses the cost is per head on TOP of the cost of salary + benefits + taxes, is set at $70 an hour.
Think about that. If somebody were working for FREE, technically they still cost us $140,000 a year to have there working.

John, it's clear that you would be a fantastic employee, based on your strong work ethic, and belief that you represent the company.
However, it is also clear that you have no understanding of what is involved in being an employer, and actually running a full business. There are all KINDS of expenses that you are completely overlooking. @Lankford only listed some of them.
 
Nah he knows it all because he used to run his own business ..without paying workers comp or having a business license ...and he did it out of a HOUSE he RENTED in a residentially zoned location.
He didn’t have insurance , liability, e&o , etc....so he assumes everyone else is the same deadbeat and basis his numbers off this assumption
 
Go back and ask how many of these business owners you’ve worked for whether they tapped out a 401k or leveraged the life savings to take a risk on starting a new business. Never taken a draw off the business until well after the business was profitable to ensure the employees were all squared away? Maxed out their credit cards and mortgaged the shit out of their property to double down and take a chance on themselves. Then done the math on what that initial investment would have been worth if they hadn’t touched it and not gambled on a business. Whoever takes that initial gamble by all means needs to be made whole and then some and deservedly so.

And all of that comes AFTER the employees and bills are paid.

It’s just not as simple as hourly rate, hourly wage, consumables and basic operating costs.
 
He didn’t have insurance , liability, e&o ,
I'm not the only one........but keep on keeping on I don't know anything
 
and btw, I think it's funny how some keep trying to reach out to "somebody" as if I haven't had this talk with a person today and knows where I stand and that I'm going out on my own anyways ....that's what's funny is ya'll bunch of tattle tales LOL
 
What the hell? I don't know where this thread came from or feel like reading it.

Condensed version please.

The cliff notes are: Fuller feels that any business owner should pay their employees large sums based on the fact that the business owner makes so much money. In fact he thinks if a shop charges $100/hr labor rate and pays the employee $20/hr that must mean the owner makes $80/hr for each employee because he has no idea what the expenses are for a business owner.
 
How many times can you create a thread that can be paraphrased as:

"I'm a super valuable employee and the hardest working man in North Carolina, and should get paid more than I do because of that. I've told my boss what I think, and because of a difference in viewpoints I am now leaving to find other employment".

Did I leave anything out? I stopped counting a while ago; does anyone have an actual tally of how many threads? At least one thread per job, probably a dozen jobs in the last few years, that's too many threads to remember.



If you want to be the boss that keeps all of that 9-figures-worth of revenue (am I exaggerating? Sorry....), start your own company and be your own boss. But you were your own boss, and now are complaining again about working for someone else, so apparently being the boss is not the path to riches that it very clearly should be. I swear there's a discrepancy somewhere here, I just can't place my finger on it...

This is a classic example of "Why am I doing the hard work while the business owner makes the money?". Because he's the business owner, and you're the employee.
 
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What the hell? I don't know where this thread came from or feel like reading it.

Condensed version please.
Check out the last few pages of his build thread. Spilled over to here.
 
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