Posts Tagged ‘ law firm ’

Getting closer or further away???

Well shit has happened, and I’ll do my best to explain…

My existing company was founded by myself and two business partners. 1 of which (the attorney) is completely fucking useless. FYI, just because someone has a law degree, don’t assume they are smart, because the guy we are working with is not only LAZY AS FUCK, but a complete dumbass (good combo right?). He has not done a single task we have asked of him since starting this partnership several months ago and it isn’t going to work out with him.

The good news is that we found an alternative which allows us to continue working within the same market/industry. Since this business model has the potential to be extremely lucrative, one of my main concerns was wondering if we were going to have to pull the plug on the entire thing because of this idiot. Luckily that hasn’t been the case, yet..

We found another company to outsource our deals to and have been referring them business for the last month. Essentially all of the tasks that our own in-house attorney/partner was supposed to be doing have been sent to an outside firm.

My other business partner and I have been working exclusively on sales and marketing and things have been picking up in that regard, however I’m looking forward to cutting off this fucking idiot as soon as possible. We are going to give him a piece of the deals we acquired while we were in business together but anything after that is 100% ours; he isn’t getting shit. This may sound harsh, but trust me he doesn’t deserve it. If anything he has made everything harder for us and if I really wanted to be cut-throat I’d tell him to go fuck himself and not pay him on any of the deals PERIOD. However I decided not to do that. I don’t like bad karma and I’m not about to end things with him that way.

Moving on!

So it looks like we’ve finally gotten a lot of our marketing kinks worked out and are generating some consistent leads. First goal is to get to 10 deals a month, then 12, then 15, and eventually 20+. Right now we have 5 with more appointments getting setup so it looks like we might hit our goal of 10 or come very close. Regardless, we are finally starting to turn this thing around and the good news is that if we are only able to do 10-15 deals a month, we will still be in the 7+figure mark in a year or so. The only problem is I want to make as much money as possible in the next 24-36 months because eventually the market conditions will change and we will miss out on this opportunity.

So where does this leave us now?

Well the new company we are working with hasn’t been the best experience thus far. Their response time is slow and they don’t seem very organized. We know they are doing what we need them to do because they have provided proof that they’ve done it in the past. The problem is just that they don’t seem to have their shit together from an administrative standpoint and I really hope this is just a temporary issue due to rapid growth. If we are still having the same problems in a couple months, that we are having right now, there is going to be a big issue.

This idea/business is a multi-million dollar business without question. We just can’t seem to find anyone competent enough to do it. We’d handle it ourselves if we could but there are still a lot of unanswered questions and things we do not know how to do. Until we get those answers, we are forced to outsource.

I think I’m on my way – I just pray these idiots we are working with now are able to uphold their end of the bargain.

More to come later.

 

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