Our Partners Stole Our $3,500,000 Business

Our Partners Stole Our $3,500,000 Business
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[@chedisLoL]

That’s what we call a law law law lawsuitttttttt

[@zorgvuldiger]

Yu

[@DemonTime08]

Treat people well they won’t do you dirty

[@GrowingTogether316]

⁠@@DemonTime08. Some people have evil intentions regardless of your intentions. That is blaming the victim instead of the crook. You can treat some people amazing and they still go behind your back.

[@Weekend658]

Civil law is one thing but criminal cases and actual trials can cost millions…. And take years to see punitive damage payouts …… years.

[@notpublic8961]

The time for a lawyer was when the partnership agreement was written up.

[@BloodyIron]

How does this not enable the owners to sue for damages?

[@cadenelson891]

You can sue anyone for anything. Literally. But whether you have a case is entirely a different question. There is not enough information given to determine if they have a case but they could.

[@practicalpolitics1119]

@@cadenelson891exactly. It can be very expensive to sue.

[@gein2287]

She is definitely sugar coating something.

[@evan4433]

More to that story for sure. She told her side...

[@Sissi1830]

@@gein2287 she might not. People do get screwed all the time by their business partners. There is nothing new. I guess they trusted too much.

[@imxploring]

I'd love to hear the whole story including the other side!

[@eric-zk8qk]

First problem is 34 employees and only 3.5 million in sales

[@jreal3072]

Thank you….

[@johnrunge6349]

They didn't say what type of business or industry it could be construction or landscaping.....dummy

[@nikot.7361]

It depends. If it is in service and the people are the main expense there might be enough left as profit :)

[@RickyPlumbs]

Yeah there’s no money left anyways

[@kodylemire2986]

Right! I worked at a metal fabrication shop where we had 15 workers and maybe 4 people in the office doing admin work and we were profiting about 10 million per year.

[@mygiftmatters]

Not dissolving anything because they have your clients and they will continue to work and succeed. ❤

[@drewfoster1493]

My business does 4 million a year. If I lost my two biggest clients, I'd be able to replace them next week with 6 more clients. I just hope the Denver market stays healthy, but somethings got to give at some point. Save for the bad days.

[@TredPillR]

Number one rule for business, if you need partners, don’t open a business.

[@BaldandInsecure187]

Thank you 👊💯

[@stevennoe7124]

Dumb advice.

[@Spoofff]

Dumbest fuckin advice I've ever heard. I'm on track to be a millionaire before 30 because I partnered 50/50 on a construction company with my friends dad. I'm 26, gonna make ~$350k this year. Literally would still be working as a line cook for $20/hr if I didn't take the chance and partner up with him...

[@Dieselman6.7]

@@Spoofffnice! that’s a sweet deal, I’m 28 and I’m the only owner of my business and I’m making about the same as you, it can work both ways if you put in the work like you did!

[@TredPillR]

@@Spoofff Well perfect for you then! They all start out fine. But it’s like a marriage. Report back when your partner decides he wants it all and the partnership goes toxic. Or you as a chest thumper decide you don’t need him anymore because you’re so amazing! 😂

[@WitnessChosen]

As a stakeholder you usually sign a contract that makes you liable for damages if you make mistakes as a board member.

[@vickie_hearne]

Reading between the lines: we could not afford to hire talent at market rate, so we offered them an equity position. They were sick of doing all the work, while you and your 34 cronies profited from their under market wages. When they confronted you asking more more equity or money, you blew them off with a low ball offer. They called your bluff, and started their own place. They didn't steal your clients...your clients left because they recognized who was doing the work and they are paying for talent, not your history. Tell me I'm wrong...

[@alsacrime4806]

This is Dave Ramsey’s best response ever.

[@Applecompuser]

Client is free to work with whomever they want. She never said how their partner “stole” the client.

[@anthonygrant7952]

Client contact info is considered intellectual property of your company. There are only a couple of states that block non compete laws. My guess is they're probably in one of those states. Never build or buy a business in California for this reason.

[@LouisianaSpey]

Makes you wonder how loyal the clients actually were. If they just left you knowing what your employees were doing.

[@Blackbull1975]

Purpose of this short video? Doesn’t accomplish anything

[@ZiaVita]

@blackbull1975 it literally has a link to the long form video…SMH 🤦🏻‍♂️ Quit hating and actually look, could’ve found the link in the time you wrote this comment

[@Mrclean431]

​@@ZiaVitaThis is a garbage video.

[@charlessands3458]

If we're not going to hear the resolution or at least a Dave's opinion, why even show the clip?

[@DN-me8mt]

KZbin need too bann short part 2 videos ffs.

[@makokx7063]

It's not a short part 2 video. All his videos are like 10-15 minutes. The shorts are to get you interested in the topic. If you are, you click the title to watch the whole thing, if you aren't you can keep scrolling.

[@n.lyndley.9889]

To Too Two Three, different meanings

[@snwbm]

34 employees and 3.4m in revenue is pitiful. They were better off working regular jobs.

[@noahmatthew6658]

I feel like $35.0 million is not very much for 34 employees

[@pheynx7573]

When did she say $35mil?

[@chedisLoL]

It’s 3.5 million not 35 million. Which is about 103k per head if you divided it up

[@NunyaBizznus]

I think the word for that is mutiny

[@bobway63]

Utah?

[@mikeyg1776]

Seen this happen in real life. The 2 guys stole everything and even divorced their wives just to be in business. Toxic and unethical business practices will not last forever.

[@christianstone8511]

If they won’t let you buy them out, and they are actively stealing clients for a competitor, that’s called corporate or industrial espionage. They know your business, therefore they know the weak points and how to market against you. It’s a felony.

[@richardlay1492]

If they stole the clients then they'll start their own business and if so I sue for brakes on that and I not pay them any money off the company

[@adriansandersius455]

35 employees 😮

[@user-tm8iq1zp9x]

More to the story I'm sure

[@luke8838]

So they still work for you but stole your clients? How does that work

[@josephgregory8759]

Key word was minority. You should have ran away quickly from that. I’m just saying!❤

[@adamkarlb6329]

Why? What do you mean?

[@ryanbeck7166]

Lol, do you think they mean "minorty=non-white" in this context?

[@wallihaley5194]

@@ryanbeck7166, yes, I get the idea some people don’t understand the use of the word “minority,” in this context.

[@matildesantos4215]

​@@wallihaley5194, wow that's sad really Social media is filled with idiots

[@ArtTheSinger]

It’s called Karma

[@user-ck8kn3qt8v]

That's is why I don't trust anyone no baby is good be careful

[@robwilliams239]

Business is a game of chess. I wake up everyday looking over my right and left shoulder. I have people trying to take my clients left and right. Welcome to business. Survival of the fittest. Sounds like this lady was not smart

[@facelesspinay]

34 employees? Is this minimum wage?

[@toetsenbordridder]

I had a guy i knew very well and he said, fk money..

[@franktirelli]

Partners suck!

[@edkelly8123]

Brought on minority owners to get contracts & got bent over in process.. Should talk lawyer instead this guy..

[@neilanderson1412]

President of a company that has 34 employees wow really shouldn't you just be a director why elevate it to president ?

[@mary-bethminton]

Theres 3 sides to every story

[@arcticredpanda4598]

Minorities

[@matildesantos4215]

????

[@mrerndt]

You gave yourself that title but didn't do the work you should've been doing or you would have noticed asap!!!

[@PhillipeDantas]

And suddenly they went to vacation and died…

[@huntingdemons9039]

Hey look at that, Dave's adding absolutely nothing to the video

[@lynnpadgett8458]

Only part of the story yet again. Please, stop doing this!

[@kratostomatoes8587]

I'm in a similar situation, albeit I'm the minority owner. Receive ZERO profit sharing from the majority owners. Maybe you should keep your minority owners happy and then we won't feel so inclined to take drastic measures.

[@andrewrossnagel9433]

You should talk to them about how you feel. Transparency and communication is very important on both ends. Good luck 👍

[@smudge1619]

​@@andrewrossnagel9433LMAO talk to them about how you *feel*? Tell me you have no money without telling me you have no money.

[@BloodyIron]

Pretty sure they meant something more along the lines of raising their concerns on the topic... You know... Before it escalates... That has no real baring on how much money someone may or may not have...

[@smudge1619]

@BloodyIron That went right over your head... Do you honestly think an OWNER of a company gets paid by the emotional desires of the other owners? This is contractual stuff, emotions don't belong in business. That's how you can tell who actually owns a company and who thinks they know how business works.

[@BloodyIron]

@@smudge1619 No, it didn't go over my head. Your ability to comprehend soft skills seems not at the level of realising it was a paraphrased statement. Not everyone uses the "most precise words" every time they're trying to convey an idea. Hence me saying addressing the CONCERNS. If you don't understand how soft skills come into contractual negotiations and conflict resolution... well.. you have plenty to learn ;) But yeah, I wasn't the original person you're flapping your gums about here, I'm interpreting what they said. If you really want to get upset over this ant hill problem, go wag your gums at them. Or, you know, move onto things that actually are worth your time and effort. Not fixating on verbiage instead of intent.

[@adamwatson9801]

So many rats in the world

[@jreal3072]

So let’s get something straight - if you are making 3 M but have 34 employees to do it? You don’t know what you’re doing. This lady thought she would sound smart on this call - to bad there are those of us that know what we are doing. Good riddens your company went bust. Next please….