Post by erinshelley21 on Aug 17, 2017 14:48:05 GMT -5
We received our offer. I'm pleased and my brother is not. I am not shocked that we disagree. And I see myself getting roped in continuing in this business for the wrong reasons. As of right now, the options are like this, in my order of preference: 1. We sell to them and we both be done in April of next year - Obviously this is the easiest and really just want I want to happen. 2. We continue on but ONLY if we get rid of the Asshole that works for us and find a new location. - This allows me to maintain the level of flexibility that I have now, with the Asshole gone I'd make about $20,000 more (a 50% raise and what I've been hanging on to for 2 years), and a building half this size would be able to be paid for out right with no loan payment and lower utilities. I can suck it up and deal. Maybe. 3. My brother buy me out. - This would be based on retention and happen over the course of 4-5 years.
I want to take the offer and at this point I'm worried that if my brother agrees to take it, he's going to regret it and then it'll come up at Christmas in 4 years that I crushed his dreams. Not impossible since 2 years after I sold the basketball goal at the house where we grew up he told me it pissed him off and he was still kind of angry.
Post by covergirl82 on Aug 17, 2017 14:53:42 GMT -5
erinshelley21, I don't remember, do you both own the business equally and therefore have to agree? Is your brother in disagreement because he feels the offer is low, or because he doesn't want to sell? If he doesn't want to sell, what would the cons (for you) of option 3 be?
Post by erinshelley21 on Aug 17, 2017 15:00:10 GMT -5
covergirl82, we do own it equally. He thinks it is too low just because we weren't actively trying to sell it. We pursued this because he was told we could get X amount for it when really we were offered Y. I still think Y is fair and a few weeks ago we agreed that Y was our bottom number. As of today I either made that conversation up or he was playing on his phone and unknowingly agreed.
The cons to option 3 are the buyout would happen over 4-5 years and I would feel responsible if he failed. I don't think he would fail, but that's a risk. And if he does fail then I don't get paid since whatever agreement we come too would be based off of retention and I take care of at least 60% of the clients.
We have hired an afternoon sitter!! She's in high school and has early release. Works at a kids play space, that we won't go to because it's so much chaos. If she can handle that she will be just fine with these two!
I feel like I didn't ask enough questions like what her school activities are or about her - more about her experience and if she was on board for what we are seeking. I'll be sure to try to ask her stuff next week but I was super focused on capability to supervise, etc.
This, without ever posting to care.com. She posted on NextDoor while I was on it literally the only time this month and I immediately messaged her. I feel like I just won a contest as I know several families seeking the same thing. So relieved!!!
Post by traveltheworld on Aug 17, 2017 15:08:56 GMT -5
erinshelley21, what about the option of your brother continuing to work with the new owners? i.e. could you agree to some sort of arrangement whereby the new owners buy out your share (50%), then buy a meaningful portion of your brother's share (10 - 25%) so that they would have majority interest, but your brother would continue to have an interest which he can help build up and expand on? That way, your brother won't feel like he is giving up everything for a low-ball offer.
Post by supertrooper1 on Aug 17, 2017 15:11:14 GMT -5
erinshelley21, I'm sorry he's not agreeing to the offer. Is it possible that you do a combination of your options? Do 2 and 3, but could you work part time for your brother? That way you're not responsible for the bills and whether or not he makes it, and you get a set salary. Either way, the asshole needs to go.
erinshelley21, what about the option of your brother continuing to work with the new owners? i.e. could you agree to some sort of arrangement whereby the new owners buy out your share (50%), then buy a meaningful portion of your brother's share (10 - 25%) so that they would have majority interest, but your brother would continue to have an interest which he can help build up and expand on? That way, your brother won't feel like he is giving up everything for a low-ball offer.
They offered him a job. They would buy 100% of the agency then he would become an agent with them taking care of our clients. They really low balled that I think but I think there's some room there. He doesn't think it's a good idea because he could make the same amount by leaving everything the same. I think he would work less but he thinks I'm wrong even when I'm not lol.
The saga of the poorly planned out of town Labor Day wedding continues to get better and better. A few weeks ago we decided to leave both boys at home and officially declined for DS1 to be the ring bearer. Every new piece of information that comes out about this wedding validates my decision.
It was like pulling teeth to get any advance information about this wedding. We finally got the bare bones of the actual wedding and the hotel info, but then couldn't get much detail on other wedding related events (rehearsal, what's happening before the wedding, any kind of activity the next day since it's a holiday weekend, etc.). The amount of day-of detail we got was "DS1 is welcome to come along with DH (a groomsman) for all the pre-wedding activities. We'll probably meet up an hour or two before the 5:00 pm wedding." Now the latest is that the groom and groomsman are all meeting up at 9:30 am to go to a fancy barber and get old fashioned shaves. Clearly not a toddler friendly activity, so I would have been stuck solo parenting DS1 (and we were leaning towards DS2 coming as well) the whole day leading up to the wedding. Dodged a bullet there. Instead, I will be looking for a spa appointment.
Registered DD for 1st grade yesterday and got to talk to the principle. I got the most kids don't want to go back to school and she should be fine after a couple weeks if not bring it up with her teacher when I told her about DD's severe feelings about not coming back to school. I also inquired about how to get DD tested for TAG so the boredom could possible be not so bad as TAG would require the school/teacher to give her work at her level and not classroom level. I was told to wait until PTC in December and bring it up with her teacher then as for the lower grade levels TAG is done by committee of principle, teacher, counselor, and if all 3 of those people see DD as able to live up to TAG expectations then the district psychologist comes in and tests her to see if her IQ is high enough.
I left feeling discouraged and that DD and my feelings aren't important. Oh and unless a ton more kids register for 1st there will be only 1 first grade teacher with over 30 kids in her class. This makes me feel like DD won't be getting what she deserves or needs because the teacher is already overwhelmed with numbers and shy quiet DD will get forgotten about.
Post by librarychica on Aug 17, 2017 17:40:46 GMT -5
The CFA play place is parenting my kids. I keep hearing "but I don't want to be a werewolf!"
My employer is changing our benefits package and it is ... not great. So I need to decide whether or not we are having a baby or getting H snipped because it will cost way more to snip him next year than this one. So I have until the end of August to decide. For real this time. No more dicking around, Library. Pun intended
erinshelley21, I'm sorry he's not agreeing to the offer. Is it possible that you do a combination of your options? Do 2 and 3, but could you work part time for your brother? That way you're not responsible for the bills and whether or not he makes it, and you get a set salary. Either way, the asshole needs to go.
I could not work for my brother lol. It's taken a lot of restraint to work with him thus far lol
I don't think #3 should be an option. If he wants to buy you out at the offered price, he can look to getting a loan to do so. Any buy out should happen now.
I get that in 4 years you don't want him to be unhappy, but what if in 4 years, all the things you've worried about for small agencies comes true and you have no business to sell? One thing my MIL taught me that sounds awful but is actually very healthy is that if you come to a decision point where someone is going to possibly be unhappy, your job is to make sure the unhappy one isn't you. And your brother's job is to make sure he's not unhappy.
And counter. No one starts offering to buy a business at the top of their available funds. No one. Ever. If they are the exception, they will tell you so. But I bet there is room to negotiate.
Post by erinshelley21 on Aug 17, 2017 19:48:42 GMT -5
mommyatty after talking with my H #3 isn't even an option. There's no way my brother would get a loan to buy my half. He won't even use the insane amount of life insurance he has left to buy my half of his house. The house is another reason I can't let him buy me out. I will literally be taking all of his money and I can't take that chance either.
I'm hoping after a few days of him processing he will come around and realize all the practical reasons. Right now is the best time for us to get out.
It's an offer. Now you counter somewhere over the number your brother wants. You get to a final offer and then decide. This isn't decision time yet. You may end up getting what he wanted anyway.
erinshelley21, Can you appeal to him on a sibling level - just let him know how much you need to get out for the good of your family and your sanity? Maybe if you just have a heart to heart with him, he'll come around?
Well Dh came up with a somewhat peace offering gift of a Teva coffee cup with my favorite team logo design. He did loose my other favorite cup drinking beer out of in Aruba, but anywho.
Life is still nuts trying to get 2 kids to two sports usually at the same time and usually by myself since Dh gets off too late many nights to help.
erinshelley21 you are very nice to worry about your brother, but what do you want to do? Where do you see yourself in 5 years? This from someone holding on to rental property she doesn't want until her brother gets some things straight.
I'm sorry you had such a bad meeting, 186momx . I can't remember why your dd doesn't want to go to school. I was a shy kid and it was a lonely world. I'm hoping they are able to have two classes. 30 kids is way too many!
I finally got DS' teacher assignment yesterday. It's someone who has been there a while and everyone talks very highly of her so I'm happy. Last year DS had to be dragged into school so I've been prepping him a little more this year about what to expect and where his class will be. It doesn't help that grades 1-5 all meet in the connected gym/lunchroom so it's chaotic and loud and incredibly overwhelming. I get sensory overload from it so I think it's unsettling for him.
Post by erinshelley21 on Aug 18, 2017 7:58:48 GMT -5
twinmomma, I don't think so. If that were the case then he wouldn't even be hesitating to sell it. I've already told him all that and basically had a mental breakdown last year after we settled with the guy that used to work with us. I'm the one that has to take the heat from the Asshole that does still work for us because I'm viewed as the boss and I'm just more present. My brother also lacks empathy. He just cannot put himself in someone else's shoes.
It's an offer. Now you counter somewhere over the number your brother wants. You get to a final offer and then decide. This isn't decision time yet. You may end up getting what he wanted anyway.
I realize that and was being a little dramatic yesterday. I've had 7 years of hell and I thought for once something might happen easily lol. I really do think the offer we got was the industry norm. I'm going to call the guy I view as my mentor in a little bit to see if he thinks it is fair and what the going rate for an agent is to see if my brother is right that he's worth more than what he was offered or if I'm right and think my brother is living in la la land still.
Post by erinshelley21 on Aug 18, 2017 8:10:04 GMT -5
rere, Brothers are great sometime but other times they are a pain in the ass. I am very conflicted on what I want to do. On one hand I can see a simpler, less stressful life by selling the agency and going to work for someone else. That's the easy way out. On the other hand I can see me being happy doing this still if I get rid of the 2 biggest problems: the Asshole and the building. If we get rid of the Asshole, I can become more comfortable not physically being in the office every day. I have a problem not being here when the people that work for me are.
Getting rid of those 2 stressors, this could be a pretty cush job if I factor in the money and schedule.
My update is that after babysitting a 3 month old overnight last night, DH and I have so solidly confirmed that we are DONE with kids, I could probably convince him to get snipped tomorrow. And she's an easy baby who slept well! But damn, I forgot how much work it is to just have a baby around.
DD2's fever came back the previous night so I spent the afternoon at home with her yesterday and then had to take both girls to the doctor for a check up. Looks like she just has a virus. Then went grocery shopping and then to DD1's soccer game. I was so exhausted when I got home. I can't wait to sleep tonight. My neighbor friend said to me, just wait until the third one comes out and you have three to haul around. Not helpful.
erinshelley21,it sounds like you need to figure out what you want. Do you enjoy the job?
erinshelley21, I have heard the perfect job described as one where all 3 of these are true: * You like doing it * You are good at it * Someone will pay you to do it
erinshelley21 I have no advice, but I just wish positive things for you. It hasn't really sounded like you are happy in the job, so I hope you are able to have a change somehow.
erinshelley21, I have heard the perfect job described as one where all 3 of these are true: * You like doing it * You are good at it * Someone will pay you to do it
I like doing parts of it and I'm good at all of it. I'm really hoping without the Asshole I enjoy it a lot more than I do now. He's been a big part of my stress. With him gone I can mostly just do the job. I'll have the self employed things like paying bills and such but I also like those parts.
All the crap from the last few years has just overshadowed the actual agent work I think.