EntreLeadership - She Can’t Come to Work Because of Her Personal Life
Episode Date: January 6, 2025Today we’ll hear about: A business owner who is unsure what to do about an employee who isn’t showing up A woman who is seeking advice about a potential partnership The books tha...t equipped Dave Ramsey to become the leader he is today A young leader who is trying to build company culture in real estate Next Steps 📞 Have a question for the show? Call 844-944-1070 or send us a message: https://ter.li/ask-us 📚 Learn about the EntreLeadership System: https://ter.li/system-p 💻 Get EntreLeadership Elite for your business: https://ter.li/elite-p ✉️ Sign up to receive tactical tools, advice and resources in your inbox every week: https://ter.li/enl 🏢 Attend EntreLeadership Summit: https://ter.li/summit 🎤 Attend EntreLeadership Master Series: https://ter.li/masterseries Offers From Today's Sponsors 💼 Go to Belay Solutions or text ENTRE to 55123 for their free resource! 💻 Visit NetSuite today to learn more 🧾 Visit Payority for a free consultation! 📝 Use code entre15 to get 15% off your first year of Trainual Listen to More From Ramsey Network 🎙️ The Ramsey Show 💸 The Ramsey Show Highlights 🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💰 George Kamel 💼 The Ken Coleman Show Learn More About Your Ad Choices Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices
Transcript
Discussion (0)
From the headquarters of Ramsey Solutions, this is the Entree Leadership podcast, where I take calls
from leaders like you about what it takes to win at any stage of business and leadership.
I'm Dave Ramsey, your host with over 30 years of experience leading in the trenches right alongside
you.
If you've got a question you want to ask on the show, fill out the forum at Entreeleadership.com
slash ask or call and leave us a number and we'll get you on the air.
at 844-9-44-1070.
That's 844-9-44-1070.
Brandon starts this episode off in Atlanta.
Hi, Brandon.
How are you?
I'm good, Dave.
How you doing?
Better than I deserve, sir.
What's up?
My wife and I have a dental business that we all.
We have 15 employees, and we do about $3 million annually in revenue.
Good for you.
Thank you. I had a question about setting boundaries and giving grace with one of our employees.
So we have a really good employee. She's one of our front staff employees.
And she's really good when she's at work, but she's just not at work enough because of personal reasons.
And we're just trying to figure out how to balance giving her some grace.
Because I know you talk about a lot about giving grace to your employees, but also setting some boundaries with expectations.
Yeah.
Okay. Well, in an operation as small as yours, you cannot afford for them to just not come to work for a long period of time.
I mean, regardless of what the reason is, if it's a good reason or not, you cannot have somebody out all the time when there's only 15 team members.
Right.
Let's say it was a legitimate thing. Their baby is sick.
and is in the hospital and is going to be there for a year,
and they're going to miss three days a week,
you can't absorb that.
You don't have the bandwidth to absorb that in an operation year size.
So you can give temporary grace,
but giving long-term grace to a situation,
if that were the cases that I just outlined,
she probably needs to get another job.
Now, you can be gentle about helping her get another job,
but she's got to do something else that she only needs three days a week.
because she's got to be with her baby the rest of the time
because the baby's sick or something like that.
What are the personal reasons?
What's driving this?
This is exactly what you said.
Like she has two kids, two young kids, and they get sick about it.
And she had, she had...
I'm talking about devastating sick.
I'm not talking about the flu.
No, yeah.
It's like if the school calls her to pick up the kid, she has to go
or she has to leave in the middle of the day.
Is she single mom?
No, her husband works, but he's working two days.
job, so he's working a lot.
And he can't get off because his employer
will fire him.
Right, and they're having kind of
financial issues, so that's kind of
what's hard for us is that
they're having financial issues, but at the same
time, she's just not there enough.
And it's kind of like this back
and forth battle because
she's really good enough where we would give
her promotion and say she was there every day.
But it's kind of hard to figure out.
She's good when she's there, but she's not
dependable, is what you.
you're saying. She's not reliable. Exactly. Exactly. I think I would tell her that.
So, you know, the fact that you just take off and are not here, that lack of reliability
offsets how good you are. You are really good at your job. And if you were here like 40 hours
all the time and we could count on you being here, we'd probably promote you and give you a raise.
But we can't count on you because you just jet on us.
And so that lack of reliability is not only holding you back from a promotion,
it's also making us think about whether or not you're going to be able to stay here or not.
Right, right.
And so, no, let me tell you, everybody that has kids,
has kids that get ill in the school calls.
That's life, okay?
But where there's a pattern that's so bad that it's affecting you to the point that you're calling me,
then it's out of control is what that.
tells me. She's over the top. And so, no, I mean, you have a certain amount of PTO, a personal time off,
do you not? We do. Is she using that to check out and go get the kids? Yeah, so she's already out of
time. So she basically goes unpaid. Okay. And so she doesn't get paid when she leaves.
Exactly. And the other issue is she's due to have another baby within like the next month or so. So she'll have
Three little ones.
Yeah.
Yeah.
Well, obviously, you're not doing anything until she gets back.
Right, right.
Right.
And so you're stuck with that.
But I think when she returns, you need to tell her, you know, we're not going to be able to go the way you've been going where you run out your PTO and then you just take off anyway.
I've got to, I've got, I wouldn't have this discussion until she returns, though.
She might not return.
She might not come back.
Yeah, that's also true.
Yeah, I mean, three kids, now three sets of daycare, now three sets of everything.
Yeah, she may not be able to afford to work there.
But yeah, but the issue in general, for our listeners that face the same thing,
those of us their employers are, to be unclear is to be unkind.
And you have not told her out loud that this is frustrating you.
And you need to if she comes back.
with a baby. So you're going to sit down and you're going to say, look, the pattern you were on
before burning through your PTO is not okay. We're not going to go with that anymore. So you're going to have
to make other arrangements for your kids. You can't leave all the time. We have to be able to count
on you. If you do, then you're making a decision to not work here anymore because I'm not going,
we're not going to go there. And that's okay. That's okay. There's nothing bad about that. We've
had folks that work on our team that have medical issues and they have to return to work at some
point. We have to have a hope in the future that they're going to be here and get plugged in.
Otherwise, we talk about them leaving and dealing with their anxiety or whatever it is somewhere else
and in a different setting in a different way because we work 40 hours a week and we work at work
at work, not at home. And that's who we are. And if you're going to be a we, that's what it's
going to look like. And so we talk very clearly about that. Now, again, one-off certain situations,
but basically what we're looking for when we're giving grace past PTO or we're doing some kind of
unusual extension of PTO or something like that, whatever you want to call it, those are all situations
that are going to be temporary. And then when the person returns, they're going to return strong
and better than they were before.
But we're not using that grace to enable an ongoing pattern that we're not okay with.
Even though we could, we could absorb it.
You don't even have the choice because you can't absorb it.
You don't have a big enough team to absorb it.
So that is what we're facing.
So there you go.
That's the plan.
You've got to talk it out loud.
You've got to clear it, clear the air on it, to be able.
unclear is to be unkind in all relationships, particularly when you're dealing with your team.
This is the Entree Leadership Podcast.
Do you feel like you're running on empty?
If you're leading a business, then it's no wonder.
Business is hard.
It's freaking hard.
But that doesn't mean you've got to let yourself get burned up and burned out.
Join me and thousands of small business leaders in Denver next spring to refuel your leadership
tank with life-changing insight from all of our speakers.
Bestselling author of Good to Great, Jim Collins will be there.
Argument expert, Jefferson Fisher.
He is a lot of fun.
You don't want to miss this.
The leadership expert of all time, John Maxwell, going to be there.
World Heavyweight Champion, George Foreman,
and the George Foreman Grill, CEO, will be there.
Saco Designs, Liz Bowen, CEO will be there.
Seth Dillon, and this.
CEO of Babylon B. That'll be fun. And by the end of the conference, you're going to be refreshed,
filled up, equipped, have new ideas and thoughts that you never had before, a new vision for your
business. Mark your calendar. Don't miss this. There's just a few seats left. It's marked for a sellout,
so we're not there yet, but we're getting close. May 18 through 21 in 2025. Next spring,
get your tickets right now, or you're going to be FOMO. You're going to be missing out, baby.
go to Entreeleadership.com slash summit and reserve your seats.
Entreeleadership.com slash summit.
If you're listening on YouTube or podcast, click the link in the show notes to reserve your seats.
Dina is with us in West Palm Beach, Florida.
Hi, Dinah, how are you?
Hi, it's actually Dina, Dave.
Dina, my bad.
I'm looking right at it.
I knew better.
Thank you for correcting me, though.
Hi, Dina.
What's up?
So I'm the second qualifier for an electrical contractor that has been,
nine employees, including the owner.
We have about $1.8 million in revenue.
I've worked for them for 24 years, and for the past two years I've been running the
business.
My question is, do we accept the partnership, buyout the ownership is offering for
myself, my husband, and another key employee?
I'm sorry, you and your husband want to buy out who?
The owner is offering myself, my husband, and another key employee.
a buyout
partnership to buy him out
over the next seven years.
Seven years?
Yes.
Okay. And where does he do? He goes home and collects the money?
Right. He's pretty much retired.
Okay. What's the other key employee? Why?
He's one of our lead electricians. He does all this service work
and I don't know why he wants him as a partner.
My husband and I are both kind of opposed to it, but...
He's not going to be his partner.
He's going to be your partner.
Exactly.
No.
No.
I don't want him as a partner.
All right.
That's what my husband and I feel.
Yeah.
You're right.
We actually thought to possibly offer him a higher salary to keep him on and, you know, take care of for the
good.
I don't mind paying him some extra bonuses out of the profits as if he were a partner.
but he does not need to be an owner with you and your husband.
Okay.
No.
So the current owner's parting gift is to throw grenades.
No, thank you.
No.
No, not a plan at all.
And I'm going to set up something that doesn't take seven years, too.
Right.
So you got 1.8 gross.
What's the net?
Around 360,000.
And what's he asking for this?
1.2 million plus 7% interest and then he has a salary of 150,000 a year.
Nope, that's too much.
Okay.
The thing's worth four times maximum, the net profit after all operational salaries have been paid, not partner salaries.
Okay.
But he doesn't get an ongoing draw and get a premium price for the business.
No.
Okay.
No.
Way too much.
It's 150,000 plus 7% too much per year.
So, no, I, you know, so if you're netting 300K after operational salaries,
is the operational salaries thing changed the 300K?
No, no.
Okay, so like if I bought this thing and wrote a check for it,
I can operate it with the salaries that create a 300k net today, correct?
as an absentee owner?
Right.
I don't work there at all, okay?
Right.
But the people, I can pay everybody that needs to be paid to run the thing right now,
and it'll make $300K.
Correct.
Does that include the current owner taking $150 out that he'll be gone?
Yes, it does.
Then it's $450.
Oh, okay.
Because he's not operational.
He's not necessary to operate it after I buy it, right?
Okay, right, right.
Okay.
Now it's worth a little more.
It's worth three, it's worth four times that, so 1.6.
And he's asking what?
1.2 and then the interest.
Okay.
And then his salary.
Okay.
And he is, this is something also, too, is he's offering us to pay it out of the profits of the business.
Yeah, that's what I was going to go to.
That's how I'm going to do.
And so you give him 300K a year after he gets his $100,000.
150. It's about the same thing then.
Okay.
But it shouldn't take seven years.
No, I don't think it will be either.
It's four years. It's four years plus the interest.
And if you increase the profits and just keep only taking your current pay, right,
then you could even get out faster than four years.
Right. That's the plan.
Yeah, 300K into 1.2 is four.
And he's gone.
but he doesn't get the 150 after I pay him off.
Once he's paid off, the 150 ends.
Exactly.
And so does the interest, okay?
Okay.
And so, yeah, it's not as bad a deal now that I understand the numbers, okay?
I didn't.
I thought the thing was actually making $300, but it's actually making, once he's gone, you'll be making $450.
Exactly.
Okay.
If you don't increase it.
Okay.
That makes sense.
Okay.
Cool.
Yeah, I mean, if he wants to, if you want to structure it that way, that's okay.
and we give you 100% of the profits after we pay you 150 and after we pay us our current pay
and we we'll put the other guy on a percentage of profits bonus but he's not an owner
and if you don't want to do that then you have to work with somebody else and we're just
going to have to go do something else right because you're you're satisfying his short-term
guilt to take care of this one guy and in order to
to satisfy his short-term guilt as he walks away,
you're signing up for a very long life that you don't want.
Exactly.
So you've got to walk on it.
It's a non-starter in the negotiation.
And the only reason he's doing it is he loves the guy
and he's trying to be loyal to the guy.
He's trying to be kind of the guy.
If he wants to do that, he can just give him some money.
Right. Okay. I agree with that.
Okay.
And you can too, for that matter.
you want to keep him. I've got people that work here that are paid off the bottom line as if they're
partners, but they're not partners. Okay. And I don't mind that comp plan, but that's different than an
ownership plan. So, Dana, good question. Very well done. You were already on track. Me and you're
just, I'm just confirming what you're already thinking. So it doesn't sound like a bad deal other than
that one part now that I figured it all out. Took me a minute. Sorry about that. This is the Entree
Leadership podcast.
I opened our first office for Ramsey Solutions the spring of 1994.
Me and another guy moved the card table and the old desk out of my living room with a U-Haul truck into a little 800-square-foot office building.
We're in 650,000 square foot now with almost 1,100 team members.
The kid that was 34 years old, 33 years old, that did that, could not.
run this operation that I run today. He was not smart enough. He was not sophisticated enough.
He didn't have enough leadership knowledge. So where did I get it? School of Hard Knocks? Yeah, I've done
some stupid butt stuff that left a scar. Hello. That's a painful way to learn, though. You want to learn
by better than that. Where else did I get it? Well, I watched other people, and I judged best
practices, we call it in business.
And it's a nice way of saying, I watch what someone else is doing and I steal their ideas
and use them.
Not stealing their proprietary something, but I'm watching what successful people do,
and I model after it, right?
One of the things, though, that I learned in my youth going to motivational seminars with
my real estate entrepreneur father was that people who aren't growing don't have
a growing enterprise. You have to grow. The personal driver is the first driver of the six drivers
in business, and you have to get better if you want a better life. You have to get better if you want
a better business. If you want a bigger business, your brain has to be bigger. And so leaders,
all leaders are readers. Otherwise, you become stagnant pond water.
Water that doesn't have a flow through is stopped up.
And you've got to have some flow through.
You've got to have some stuff coming into your brain that wasn't in your brain last year.
You're going to be doing the same stupid stuff you did last year.
You need new information.
And so I became a voracious reader.
I became a student of business and leadership, particularly leadership.
And I'm often asked, well, what's your favorite leadership book?
Oh, crud, what's my favorite child?
No, I mean, that's, you know, no, we're not going there.
But I can tell you, here's what I do.
I pick out someone like my friend Pat Linschione.
When I first picked him out, he wasn't my friend.
I didn't even know him.
And I read his book, The Five Dys Functions of a Team.
And I read his book on silos.
Then I read, oh, my gosh, my favorite book of his,
The Ideal Team Player.
The ideal team player is hungry, humble, and smart.
And ever since then, we've been using that lingo in our hires and in our decisions as to whether to keep someone.
Now, this person's humble and smart, but they're not hungry.
We've got to get their hunger level up or they don't get to stay.
They've got to be an ideal team player.
And so Pat Linsioni, everything he's written, I've read.
I love it.
Every book he's ever written.
I've read them.
The latest one's called The Motive.
So you need to be reading Pat.
Pat will be speaking this year at the Entree Leadership Summit in May in Denver.
If you don't have your tickets, he's been at almost every one.
He and I have become lifelong friends.
He's been doing events with us for a decade plus.
He's even moved to Nashville.
He's now my neighbor.
And so love this guy.
Anything Pat Lynchione writes, read it.
First read the book Built to Last by Jim Collins.
That was his first big hit, and then he came out with a book called Good to Great.
And Good to Great has become one of the Bibles in leadership out there.
Most everyone that teaches or believes leadership tells you you ought to read the book Good to Great.
Why Some Companies Make the Leap and Others Don't.
Good to Great.
His latest one's called Thriving on Chaos.
In Between, he wrote a book that he didn't intend to be a big deal.
It's a small book, but it took off and was huge, called How the Mighty Fall,
after the 2008.
And he's looking at reasons companies crash.
Jim Collins, everything Jim Collins writes,
I read.
He'll be speaking at the Entree Leadership Summit in May, in Denver.
He's one of the best voices in the leadership world out there today,
and he doesn't do a lot of events live on a stage.
You really don't want to miss the opportunity to hear Jim in person.
Absolutely incredible.
Oh, and my friend, John Maxwell.
I just love John Maxwell.
He and I have been friends a long time.
When I was that kid, 33, 34 years old,
I used to get cassette tapes from John.
Maximum Impact.
I was a subscriber to a monthly tape,
and I would open the tape with great anticipation
and put it in my car as I drove home from work and through work.
and I would listen to it over and over and over and over again
until the tape came the next month to replace it.
John has written some 80-something books.
I have not read all of them.
He writes books faster than I can get them read.
My favorite of all of John's books
is his number one best-selling book
of all the 80-something books he's written
called the 21 irrefutable laws of leadership.
We actually went to the publisher
with permission from Thomas Nelson and permission from John
and formed our own Dave Ramsey version
of the 21 irrefutable laws of leadership that we sell in our bookstore
and we give to our leaders internally.
Rest assured, John is not only one of the most prolific writers in leadership,
but he's one of the best and his thoughts are amazing.
the talks that he does and the books that he's written
have left a lasting imprint on me
and they're one of the reasons that I am as good a leader as I am today.
And so anything John Maxwell writes,
but particularly the 21 irrefutable laws of leadership.
Oh, and by the way, John Maxwell will be at the Ontario Leadership Summit
in May.
Those are three friends of,
of mine that are some of the best voices in the entire leadership space, I will be sitting in
the audience while they speak taking notes because I sat at their feet for two or three decades
taking notes, Jim Collins, John Maxwell, Pat Linschione.
But anything John writes, I would suggest, but certainly start with or end with the 21
irrefutable laws of leadership.
A couple of years ago, we were introduced and this guy leapt onto the scene.
and has taken up a lot of space.
I really like him personally.
We've become friends as well.
Jocko Willick.
Extreme ownership was the breakthrough book,
how U.S. Navy SEALs lead and win.
And he's got a great podcast,
and he does a great talk.
He's spoken for us before at somebody.
He's not going to be there this year.
But Jocko is writing some good stuff.
He has some wonderful leadership thoughts.
This podcast is great.
I recommend it.
I certainly recommend extreme ownership.
you do not want to miss it.
And I've read, I think, three Jocko books now.
His first one is his biggest and probably my favorite, extreme ownership.
But the others are excellent.
He has a great thoughts on leadership.
And, you know, his military demeanor and the way he approaches this is fun.
And he's a great dad, by the way.
He's got some great kids stuff out there.
and so be sure and check out anything that Jocko is doing.
I'm a Jocko fan to say the least.
Last year's summit, we had Malcolm Gladwell.
Malcolm Gladwell's first big breakthrough book was the tipping point.
And, eh, not my favorite Malcolm Gladwell book,
but I think I've read everything Malcolm has written.
Pretty sure I have.
He's got a book on David and Goliath that's really good.
My favorite of his is outliers.
It's really good.
I'm trying to think of what the brand new one is.
I did it on audiobook, and he spoke at last year's summit.
And then the other thing he's did is a cool book that has nothing to do with leadership,
but you don't want to miss it, and you for sure want to do this on audiobook,
is the bomber mafia.
So be sure.
It's excellent audiobook.
And Malcolm's really into audiobooks.
He's leaning hard with all of his material into audio these days.
So his audiobooks are highly produced, and they have sound.
effects and they're very cool and audio clips from some of the people he's quoting all that kind of
stuff so it's a well it's not a dry read audiobook it's a well-done audio book so i recommend anything
malcolm is writing i enjoy him and i enjoy he's always got a different take he comes through a
different door at things than i do i don't think like he thinks another writer that i have become
friends with and i love and spoke for several years ago at summit i don't have his book on the table
because I forgot to tell our producer about it, is Seth Godin.
And if you've ever heard the phrase going viral,
Seth invented the phrase.
He's one of the best marketing minds on the planet.
In the early days of the Internet, in the early days of SEO,
in the early days of social media,
he and Gary V.
We were right on the cutting edge.
As a matter of fact, he introduced me to Gary V,
and Seth and Gary Vee and I did an event in New York.
city several years ago. And we are three very different characters, I'll tell you that.
But Gary's fun, and Seth is absolutely stone cold, brilliant. His book Lynchpin, if you're in an
organization and you want to lead up, not just lead down in the organization chart,
Lynchpin by Seth Godin. Anything Godin writes, though, I'll read, he's really good. And again,
his marketing stuff is lights out. He's brilliant.
I was in a Bible study with a group of guys for 14 years,
and we ended up reading a bunch of books.
One of the books we read was a book called Thou Shall Prosper
by an Orthodox Jewish rabbi named Rabbi Daniel Lapin.
And the premise of the book is 10 reasons that Jewish people tend to outperform
the population that they're settled in throughout history financially.
67% of the Forbes 400 in America is Jewish.
3% of the public is.
I rest my case.
I want to know what the rabbi had to say about prospering.
I want to know how his mind works from a Hebrew perspective on economics.
It is one of my favorite books of all times.
And I start talking about on the air and it starts selling and he called me with his wonderful South African accent and said,
who are you, I love you. My book is selling. And so I ended up writing the forward for the book
when they reissued it and had it come back out again, a new version of it. This guy is lights out
amazing. This book is very chewy, very thick, very hard to get through. But those are, you know,
he's a guy I read, and this book is definitely where you would start. And you will see some things
you've never seen in your life on leadership and on economics
and on a view of prosperity, a view on wealth,
and that kind of thing.
So absolutely stone cold, incredible.
There's a lot of other classics out there.
You just have to keep reading, The Richest Man in Babylon, must read.
How to Win Friends and Influence People by Dale Carnegie, must read.
Absolute must reads.
Those are old classics.
they've been around forever.
The go-getter that we sell, written in 1926, the language is antique when you're reading.
It's very interesting to read.
It's a real short little book.
Easy to read.
Quick read.
You ought to read it.
It's in our bookstore.
I've got a Ramsey version of it because it's in public domain.
So, you know, just you can check around.
But here's the thing.
Leaders or readers.
What I have done is I found authors that lined up with my values.
system and that we're teaching me things and then I just every time something comes out of theirs
I read it by the way I do that too with fiction Brad Thor is a friend of mine on the
spy novel side of things it's written 30 some odd books I've read every one of them read everything
John Grisham has written I've read everything Jack Carr is written a new writer a Navy SEAL that's
doing spy stuff he did the book the terminalist that became a TV special and
wonderful stuff.
So, I mean, once I get down one of these rabbit holes,
I just keep reading until they're all done.
And then I wait on the next one.
And so those are all people I can recommend, you know,
I mean, whether it's fiction or whatever.
But, you know, I binge read, like some of you binge Netflix.
And so do that.
And I've done this over 30 years to where these people's words
that are on the page start being imprinted on my mind,
and then they end up coming out of my mouth as advice to you.
Or they end up coming out of my mouth as I run Ramsey
and I'm dealing with the issues and triumphs and challenges of 1,100 people.
Leaders are all readers.
If you can't tell me a leadership book you've read in the last 12 months
and something about it, you're not a leader.
You're not going to be hired on Ramsey.
We're interviewing you for a leadership role.
You don't get the job.
you're not reading you're not leading period you've got to be growing you've got to be feeding your mind
it activates things in your brain that you come to work wired and fired and ready to go it refreshes
the prefrontal cortex to throw ideas on it it activates it so and Netflix doesn't do that
and for god's sake death scrolling through
Instagram doesn't do that.
Reading does that.
And I read books like these, and then I've got a friend that's a pastor, and I've started
doing what he does, he opens up the front blank cover and does an outline of the most
important things he learned about the book, does himself a small book report in the front cover.
So then if he wants to pull the book off the shelf, he can look on that front cover and
remember what it was he forgot about what he learned. My comprehension level is high enough. I haven't
had to do that, but it's a great practice. And it's a studious technique. So I like it. It's kind of nerdy.
It's cool. So I can recommend it, even though I've not thoroughly done it over all the years.
I like to do that. I'll sit down and write on the inside cover of a book, what I just learned.
So not a bad practice. Leaders are.
readers, boys and girls. That's how this thing works. This is the Entree Leadership
podcast. Thank you for joining us, America. If you want to help us out, we need your
help here at Entree. Please consider clicking the follow button or the subscribe button.
It changes the algorithms and helps us move the show along. You're our only marketing plan.
Leave a nice five-star review and click the share button or click the link and copy it
and send the share link to somebody and say, hey, listen to this podcast. It changes everything.
Because it does. It does this information is important. Connor is with us in Orlando. Hi, Connor.
Welcome to the Entree Leadership podcast. Hey, Dave. Thanks so much for your time. I really,
really appreciate it. Sure. What's up?
Hey, I'm the new director of business development at a real estate company. We're in central Florida.
We have about 100 agents. And last year, we did a little over 500 million.
and sales volume. I don't know the revenue on that. But basically, my role is to recruit new agents
and then also to help with company culture. And I'm struggling in this new role. I've never been
in a role like this before. And I don't really know how to help build company culture when we have
a lot of 1099 subcontractors over multiple offices, you know, and they're not required to be in the
office at any given time where they are like at Ramsey. So I don't really know how to build that
company culture where we're so spread out and we don't see each other.
all the time.
How many branch offices are there?
Seven currently.
Okay.
Do they not have sales meetings?
We do.
Each office has a meeting on a weekly basis.
And then we do like a company-wide meeting once a month, which is great.
Not all the agents can come to all of them, which, you know, those are helpful.
But I'm looking to do more.
That's kind of what has been done here.
Yeah.
And I'm looking at.
No, no, let's stop a minute.
Let's stop a minute.
Okay.
my parents ran a real estate company when I was growing up.
I got my real estate license when I turned 18 years old in 1978.
So I've been in the residential real estate industry, and I still have my license, okay?
I'm still a broker.
In one form or another, today we have a network of people we endorse in that world.
So I would have no trouble at all requiring the agents to be at sales meeting.
just as a company policy, if you want to hang your license here, you're required to come.
Yeah. Yeah. I mean, I think that makes sense. I don't know if that would turn people off.
I don't care. But at the same time, I don't really want them there if they're not going to be turned on by that.
Exactly. You're part of the team. Exactly. You're going to be part of the team, and I have a culture here that we're all in agreement of.
And one of the places we confirm and spread and define that culture is at sales meeting.
And so sales meeting, you don't miss. We have a staff meeting here monthly, I mean, weekly and every week.
and a devotional, and it's mandatory.
You cannot miss them.
You cannot be sitting at your desk.
You don't book a dentist appointment over that.
You're here.
Period.
Right.
And so treat them like they were, you know, regular W-2 employees that work here,
even though they're not.
Yeah, the 1099 is a technicality.
1099 is a technicality.
If you want to be on this team, this is what the team looks like.
This team does this and this and this, and this.
We have values that we uphold, okay?
And we have ethics that we uphold.
And we have cultural icons that we're all aligned to and in agreement to.
And one of those things is internal communication creates a knowledge of each other
and relationships build trust and organizations move at the speed of trust.
A group of agents that know each other, like each other, and trust each other
will do more business than a group of renegades running around.
under the 1099 heading.
I completely agree with all of that.
That makes sense to require them to come.
Yeah, and that's how I'm going to tell them that.
If you want to be part of this team, this is a winning team, and this is what it looks like.
Okay?
We're not going to charge you for this, and then make it worth their while.
When they come in, have something to say.
Don't waste their time.
And, you know, have a great sales trainer.
stand up in front and give a short lesson, whether it's an internal person or an external person,
write some checks, hire some outside speakers to come in that are motivational and that will lift you.
And, you know, you don't have to do that every time, but make it, you know, make it where I want to come
because it's a value add to my life if I'm an agent. And then it's not a have to, it's a want to,
and yes, it's mandatory. Our staff meetings are downright entertaining.
Right. People, all your stuff want to go there.
Yeah.
They want to be a part of it.
Yeah, that's what I'm saying.
That's not why they go.
Then that sets you up for, okay, here's what we're doing.
Now, that's thing one.
Thing two is the owners of this real estate company.
How, on a scale of one to ten, how invested are they in you and them together,
strengthening and building and defining the culture.
Ten being they're on fire for it.
One is they don't give a crap, but they hired you anyway.
Yeah, I would say intent-wise, a 10,
I would say in practice, like a six or seven,
which is part of the reason that I'm, you know,
taking this role is to help.
They don't have the bandwidth to do it themselves,
but they think it's a great idea.
Correct, exactly.
Okay, good.
Then what I would do is sit,
down with them and say, here's three or four things I want to implement. Can you help me by doing
this, this, and this? Because basically they've got to, from the top down, give you your Barney Fife
badge and bullet to be able to enforce this process. Right, exactly. That makes sense. And you don't
have to throw your weight around. You want to use persuasion more than you use anything else. But one thing I would do is
ask them and ask the five or ten people that have been with this company the longest that are
agents, what do you think our core values are? Give me three. Give me five. What are you think?
What are the things that we value here, that we can put on the wall? And it's not what we wish we were.
It's not what we aspire to be. It's who we are. And if we align ourselves to core values,
that by definition is culture.
Right.
And then you can say, okay,
so like one of our core values
is we do our work as unto the Lord.
Okay?
Colossians 323.
And so we work with a zest
as if God is our boss.
And another one is we have a no gossip policy.
That's one of our core values.
If you gossip, if you hand negatives out
all over the building,
we will warn you once and then we will fire you.
You can bring your negatives in,
but you have to hand them up to leadership.
We, as a culture, do not gossip.
If you want to be a we, this is how we perform.
And that might not be you guys.
I'm giving you a couple of mine.
I have 14 of them.
And they're all over the wall,
and we talk about them around here all the time
to where we're all sick of them.
But we're all aligned.
We talk about so much everybody can spout them back.
and make fun of me talking about it, and that's okay.
But we're all aligned, and that by definition is culture.
So core value definition, the way you could talk about those and implement them is in,
by putting them on the wall, by handing out cards with them,
stickers for their computers with them.
This is who we are.
We are.
And look up some other companies and what some of their core values are that are published.
Pat Lynchione does some stuff with Southwest Air,
and he's got their three core values nailed down.
I don't have them memorized.
But that's something to look at.
And then just start asking yourself a question,
okay, what can we do to create a culture of relationships,
quality relationships internally,
where we aren't just a bunch of disconnected joint venture people on 1099?
Instead, we're a family that's pulling for each other.
That new agent that comes in gets 26.
listings and then gets ill.
Well, everybody jumps in and helps him or her with those listings so they don't, so the
customers don't get messed over because the guy's ill.
They might not make anything, but they take you, they got each other's back.
They love each other.
They care for each other.
And that's going to be your job is to create that environment.
It's going to take a while because the typical real estate agent is a loose cannon out there
hanging on by a thread.
And you're going to reel them back in and make them part of a family.
and it can be done. It can be done, and it can be done without destroying their productivity
and requiring too much of them. But we need to say who we are, and we need to talk about that,
and then we need to stay aligned to it, and then when we're not aligned, we take action on that,
and that's your owner that takes action on it, not you. You're the one helping to define and refine
and communicate. But the alignment, the requirement of the alignment, or let them go, that's on the
owner. They're the ones that have to do that. So, very cool stuff. Hey, guys, that puts this episode
of the books, but remember better a weary warrior than a quivering critic. This world needs
more high-quality leaders. So take courage and lead. I'm Dave Ramsey, your host. Thanks for listening
to the Entree Leadership Podcast.
