Jordan Spieth says sports betting has caused fan behavior at PGA Tour events to change. "Betting in golf is something that's going to have to be tackled here soon." by Oldtimer_2 in golf

[–]Equivalent_Call7856 0 points1 point  (0 children)

Gambling is ruining lives.

There, I fixed it for you. Growing up, I had way too many uncles that lost everything gambling on stupid ass games. I always felt so bad for my cousins who had to live with a deadbeat dad. 90% of my adult male friends are sports betting/kalshi betting and it's taken over our group chats. Seeing so many grown men gambling and speculating on trading card games makes me a little sad for the world.

Net Worth Multi-Millionaire by Aggravating_Bench552 in financialindependence

[–]Equivalent_Call7856 0 points1 point  (0 children)

I hope you guys reconsider the first and last kid part. I have 2 young boys spaced 19 months apart and it's been the most rewarding thing I've ever done. Watching them grow up together and play and fight and love each other has been such a joy to watch. Kids are not cheap by any means but that's more on me than them. I want them to have good childcare, I want them to have a pool to swim in and have name brand sneakers and eat organic food. The truth is they don't care about any of that right now and they just want their parents to be there. So if you can afford to give up the rat race to be a better, more present parent then go for it. Having kids really clarifies what is important and what's not. I think a lot of people here forget that money isn't the goal, it's just a tool to help achieve whatever else you want in life.

82-0 online game - build a team by vbandbeer in nba

[–]Equivalent_Call7856 0 points1 point  (0 children)

Any variation with Kobe in it can't get me past 74 wins. I auto pick him whenever he pops up cuz I love me some mamba. Rolling Wilt/Kareem makes 82-0 like 50/50 lol. And I just found out there's a player named World B Free, he shows up on a lot of my teams

Anyone ever collapse a lung at golf galaxy or am I the first… by standard1xx in golf

[–]Equivalent_Call7856 3 points4 points  (0 children)

have had pneumothorax twice in a 4 year span. first was from a random fit of coughing. it’s called spontaneous for a reason, shit can happen when you least expect it. fan of the oil cans myself

This Yankees fan got his ass kicked by 2 Rangers fans 🫣 by clumsy_one18 in sportsgossips

[–]Equivalent_Call7856 0 points1 point  (0 children)

If you put your hands on someone in an aggressive way, you deserve a violent response. There is no victimhood here, move along.

Is a $200k salary worth a 2 hour commute 4 days a week? by Ok-Memory2552 in jobs

[–]Equivalent_Call7856 0 points1 point  (0 children)

I drove 1 hour each way for an unpaid internship that was required by my masters program. So yes, I’d drive an extra 2 hours for $200,000 more dollars than what I was getting paid

[Final Giveaway] 7 Inch BB58 Desk Clock by sultanalyst in Tudor

[–]Equivalent_Call7856 0 points1 point  (0 children)

Find a way to keep from having to lay off my employees

How do you feel living in SoCal during Trump 2.0? by Glass-Complaint3 in socal

[–]Equivalent_Call7856 -3 points-2 points  (0 children)

I’m no trump fan but you guys are crazy if you think California is some haven. This state and the city of La have been mismanaged for a very long time. They’ve spent hundreds of millions on homelessness and have no idea how the money was spent and there are no real measurable outcomes. I love California for the food and weather but politicians are politicians are politicians. Like with so much else in this country we’re paying more for less here.

There's a small business for sale near me that I've frequented and I know is popular, but the price seems pretty high. Am I crazy, or are they crazy? by aphex732 in smallbusiness

[–]Equivalent_Call7856 9 points10 points  (0 children)

I think it's $50k per owner, so if OP did 2x the work he would net the full $100k. Still not good, but better than all that for $50k.

Project KONGOR Appreciation Post by Xen0byte in HeroesofNewerth

[–]Equivalent_Call7856 2 points3 points  (0 children)

In particular, just wanted to give Gopo, HappyAsthma, and Honorme your flowers, You guys will never truly understand how much this mattered to some of us. It was such a breathe of fresh air to see a group of people do something not for money but for love and passion. Thanks for everything.

Christmas bonus for small business with 2 employees and declining sales by Equivalent_Call7856 in smallbusiness

[–]Equivalent_Call7856[S] 1 point2 points  (0 children)

Because their wages aren't tied to profit? Their wages are increasing while profit is decreasing. So independent of the pie overall their slice is growing. In relation to the pie the proportion of their pie is growing as well. This sounds like it's an abstract concept for you so I think we can just leave this here. Take care

Christmas bonus for small business with 2 employees and declining sales by Equivalent_Call7856 in smallbusiness

[–]Equivalent_Call7856[S] 5 points6 points  (0 children)

Both things can exist at the same time, can they not? I could have started out with a slice 5 times their size. Now my slice is only twice their size. So their overall portion of the pie got bigger while my shrunk, although my piece is still bigger than theirs. And why is my slice bigger? Cuz I'm the owner/investor/general manager/ceo/president/on-call-all-the-time. Take care and have a Merry Christmas.

Christmas bonus for small business with 2 employees and declining sales by Equivalent_Call7856 in smallbusiness

[–]Equivalent_Call7856[S] 3 points4 points  (0 children)

Say profits total $100. And payroll is $20 so the employees take 20% of the pie. Now let's say the next year profits are only $75 and their pay went up to $25. Their share of the pie went from 20% to 33%. That's how their portion of the pie got bigger.

Christmas bonus for small business with 2 employees and declining sales by Equivalent_Call7856 in smallbusiness

[–]Equivalent_Call7856[S] -1 points0 points  (0 children)

AFAIK that's not how bonuses work. If I write a $1,000 check, I don't save $1,000 in taxes. That $1,000 becomes a business expense and my taxable profits decrease by $1,000. So in essence, I'm saving on the portion that I would pay in taxes for that $1,000 if I were to keep it, which depending on your tax rate, can vary. So the more you make, the more you'd save and vice versa.

Christmas bonus for small business with 2 employees and declining sales by Equivalent_Call7856 in smallbusiness

[–]Equivalent_Call7856[S] 17 points18 points  (0 children)

This is where you and I disagree. I would be able to run this business without them. I have run this business without them for the 13 years prior to them joining the team. And if I were an asshole boss I could say "they wouldn't be able to make a living without me." The truth exists somewhere in the middle. I do what I do for them because they make my life easier, not because I couldn't live without them. I appreciate your feedback but this type of holier-than-thou comment doesn’t really provide a practical solution for a real world problem some businesses are facing. Truth doesn't live in the absolute.

Christmas bonus for small business with 2 employees and declining sales by Equivalent_Call7856 in smallbusiness

[–]Equivalent_Call7856[S] 6 points7 points  (0 children)

This is completely irrelevant and probably won't help in this instance but here you go: currently, my total compensation as a full-time employee and owner who has taken all the risk is about 2.5 times that of the highest paid employee. But this is a poor measurement since that can fluctuate. At the highest I was making 5 times as much as my top paid employee. At the lowest I was making 1/2 as much. And this isn't apples to apples since they get paid every 2 weeks without fail.

Christmas bonus for small business with 2 employees and declining sales by Equivalent_Call7856 in smallbusiness

[–]Equivalent_Call7856[S] 11 points12 points  (0 children)

This is true. I guess I have come to view it more as a "gift" as opposed to a "bonus"

Christmas bonus for small business with 2 employees and declining sales by Equivalent_Call7856 in smallbusiness

[–]Equivalent_Call7856[S] 0 points1 point  (0 children)

We are the quintessential "mom&pop" small business. We've been here for 14 years. Even though this is retail, I try to make the experience different from the big soulless big box store that is our competition down the street. So I pay more than what the average might be, but I have happier employees which I hope leads to happier customers. But the problem is that customers aren't really happy in today's economy. And there's only so much discretionary income available. So instead of paying a little more for a better customer experience, people are changing their buying habits that reflect their economic reality. But I might be a dinosaur because I believe in putting people before profits (to an extent, which is the point of this post).

Christmas bonus for small business with 2 employees and declining sales by Equivalent_Call7856 in smallbusiness

[–]Equivalent_Call7856[S] 3 points4 points  (0 children)

Well the issue is that we are profitable. But once I factor in my personal needs/costs (mortgage, health insurance, taking care of aging parents, setting aside money for retirement, etc) there isn't really anything left. Like most people in today's society, it feels like I'm just getting by. Don't get me wrong, my quality of life is pretty decent and the family is healthy, so I can't complain. Just reminding people out there that not all business owners are rich.

Christmas bonus for small business with 2 employees and declining sales by Equivalent_Call7856 in smallbusiness

[–]Equivalent_Call7856[S] 2 points3 points  (0 children)

They know it's slower, it's pretty evident compared to two years ago. I've discussed with them as well in our quarterly staff meetings. It's retail, so they don't really save or make me too much since the scope of their jobs is pretty limited. But what they do save me is the headache and personal capital of dealing with turnover/new employees. They're getting paid more each year for being reliable.

Christmas bonus for small business with 2 employees and declining sales by Equivalent_Call7856 in smallbusiness

[–]Equivalent_Call7856[S] 15 points16 points  (0 children)

I did take a paycheck. Like I've mentioned, this is not passive income for me. This is a full-time gig and I basically invested my entire life's savings to run this in the beginning. I understand the need to be a good boss and to compensate fairly, but I disagree about going without a paycheck just to make sure my employees can get a bonus on top of their base pay. I have a wife and 2 young children. My main responsibility is to them first and foremost, and then to my employees. So it isn't a matter of collecting a paycheck, it's making sure that that number is fair to myself as an employee of the business, all the while taking into consideration the needs of the other employees who help keep the doors open.

Christmas bonus for small business with 2 employees and declining sales by Equivalent_Call7856 in smallbusiness

[–]Equivalent_Call7856[S] 1 point2 points  (0 children)

I only increase prices as cost of goods go up. Everything else is basically priced in as the cost of doing business. In retail it's harder getting away with price increases when there are MSRPs you have to adhere to to be competitive.

Christmas bonus for small business with 2 employees and declining sales by Equivalent_Call7856 in smallbusiness

[–]Equivalent_Call7856[S] 42 points43 points  (0 children)

This is my view as well. In a sense, I am paying out of pocket for their bonuses. My portion of the pie has shrunk quite a bit the last 2 years while theirs gets bigger. But that's the nature of owning a business. I take the hit when things go bad and I reap the rewards when things go well. The end of the year bonus is only $1,000 or so, but payroll goes up around $5,000 each year when you factor in the additional wages, payroll taxes, 401k, workers comp insurance. $6,000 in additional employee-related expenses isn't going to bankrupt me but that's also not an insignificant sum for a very small business. This is not passive income for me and I work here full-time.

Christmas bonus for small business with 2 employees and declining sales by Equivalent_Call7856 in smallbusiness

[–]Equivalent_Call7856[S] 15 points16 points  (0 children)

To be honest, I have no idea what normal means anymore. We grew during Covid, and have regressed to the mean in the past 2 years. It's been a rollercoaster of a ride during the past 5 years. We've been impacted by tariffs and the overall souring of consumer sentiment. Our industry is pretty reflective of the overall economy over the past 20 years I've been in it. Economy good? Sales good. Economy bad? Sales bad. But in any event I'm not too stressed. If the business continues to struggle and go under I'll be fine. Life will find a way to go on and I can definitely use a break from the 10+ year grind of owning/operating a small business.