Unknown Caller

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What's going on? Thanks for taking my call. Might be a loaded question, but pretty much, is it appropriate for me to to ask an employee about their personal finances, try and dig into it to understand what to pay them in the situation that I did buy this person's book of business in exchange for them having a job. um, steady income.

What's going on? Thanks for taking my call. Might be a loaded question, but pretty much, is it appropriate for me to to ask an employee about their personal finances, try and dig into it to understand what to pay them in the situation that I did buy this person's book of business in exchange for them having a job. um, steady income.

What's going on? Thanks for taking my call. Might be a loaded question, but pretty much, is it appropriate for me to to ask an employee about their personal finances, try and dig into it to understand what to pay them in the situation that I did buy this person's book of business in exchange for them having a job. um, steady income.

So I have a general idea, and it's a lot less than what they're getting paid right now. But I also know that they have a lot of personal debt from their business line that we purchased. I know the person has a friend. Now we're just work colleagues. There's not really too much friendship. But the answer is I do know, but it's kind of a struggle to keep a good workplace and make sure that they –

So I have a general idea, and it's a lot less than what they're getting paid right now. But I also know that they have a lot of personal debt from their business line that we purchased. I know the person has a friend. Now we're just work colleagues. There's not really too much friendship. But the answer is I do know, but it's kind of a struggle to keep a good workplace and make sure that they –

So I have a general idea, and it's a lot less than what they're getting paid right now. But I also know that they have a lot of personal debt from their business line that we purchased. I know the person has a friend. Now we're just work colleagues. There's not really too much friendship. But the answer is I do know, but it's kind of a struggle to keep a good workplace and make sure that they –

are in a sense taken care of also, because I'm weaning them off right now. I'm weaning them off being used to be able to live frivolously.

are in a sense taken care of also, because I'm weaning them off right now. I'm weaning them off being used to be able to live frivolously.

are in a sense taken care of also, because I'm weaning them off right now. I'm weaning them off being used to be able to live frivolously.

No, so I actually acquired it for free. So it's actually, we had a document drafted that pretty much gave us the book of business in exchange for their employment guaranteed for six months. What do they get out of this? So they get a job, essentially. They get a job. He's getting paid off the bottom line. He runs one of our branches. We have two branches.

No, so I actually acquired it for free. So it's actually, we had a document drafted that pretty much gave us the book of business in exchange for their employment guaranteed for six months. What do they get out of this? So they get a job, essentially. They get a job. He's getting paid off the bottom line. He runs one of our branches. We have two branches.

No, so I actually acquired it for free. So it's actually, we had a document drafted that pretty much gave us the book of business in exchange for their employment guaranteed for six months. What do they get out of this? So they get a job, essentially. They get a job. He's getting paid off the bottom line. He runs one of our branches. We have two branches.

It was a big plus for us in terms of going from probably $300,000 to $400,000 for this year to probably a million plus in revenue. So... There's a big benefit on our end. And unfortunately, he ran his business into the ground culturally, financially. So that's where we came in compliance wise. They didn't get the insurances they needed because of.

It was a big plus for us in terms of going from probably $300,000 to $400,000 for this year to probably a million plus in revenue. So... There's a big benefit on our end. And unfortunately, he ran his business into the ground culturally, financially. So that's where we came in compliance wise. They didn't get the insurances they needed because of.

It was a big plus for us in terms of going from probably $300,000 to $400,000 for this year to probably a million plus in revenue. So... There's a big benefit on our end. And unfortunately, he ran his business into the ground culturally, financially. So that's where we came in compliance wise. They didn't get the insurances they needed because of.

$75,000 to $80,000, based hourly with some bonus based off performance. Great. What were they paying themselves before you bought their business? It's hard to determine. I went into their numbers. They were pretty much paying themselves out of the business, him and his fiancée, anywhere from $15,000 to $20,000 a month or more on big months.

$75,000 to $80,000, based hourly with some bonus based off performance. Great. What were they paying themselves before you bought their business? It's hard to determine. I went into their numbers. They were pretty much paying themselves out of the business, him and his fiancée, anywhere from $15,000 to $20,000 a month or more on big months.

$75,000 to $80,000, based hourly with some bonus based off performance. Great. What were they paying themselves before you bought their business? It's hard to determine. I went into their numbers. They were pretty much paying themselves out of the business, him and his fiancée, anywhere from $15,000 to $20,000 a month or more on big months.

He was overpaying himself. Right. overpaying themselves taking on debt they didn't needed uh they didn't need um yeah spending out of the business haven't paid taxes in three years so he owes back taxes for those for that business for all through the last three years wow like he's mentioned like some like 20 something thousand but you're telling me 80k is market rate to run a branch in your field