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06:00
went off on a rabbit hole but anyway the
leaders the first thing that’s going to
happen in this in this organization is
the Ramseys will not get paid our names
on the building that’s the first thing
that will happen before I lay is sold
off and the second thing will happen is
our leaders in the operating board are
not going to get paid and by the way
they’re all okay with that and the third
thing that will happen is we’ve had a
whole bunch of volunteers at the next
level down that of leadership that says
I’m okay I can make it for 30 days also
get a paycheck too if it means we don’t
have to lay people off those are real
leaders they’re putting themselves ahead
they’re putting their team I had the
team’s good ahead of themselves
leadership generally sucks you’re
constantly having make bad decisions
with I mean make good decisions with bad
information and partial knowledge of
what’s going on and you got to make the
anyway it’s high-stress people’s
feelings are involved and no one
appreciates it but you got to do it
anyway that’s what leadership is the
leadership is going first on the hard
things if you don’t go you’re not you’re
not leading it’s not going first on the
upside it’s going first on the downside
and assuming the risk and absorbing that
so the team doesn’t have to right Ken
yeah well I think a lot of people taking
these loans are following everybody else
well everybody else is doing I’m gonna
do it again let’s break this thing about
my finesse my planner who makes less
than I make is advising me right my
accountant who you know does not has
never made a payroll in his life except
is one secretary is advising me on how
to run this business no no absolutely
do not take these loans out yeah you’re
going to create problems that you don’t
see yet a hundred percent chance of that
you don’t have to be a rocket scientist
to figure this out as my buddy Larry
Chapman says it ain’t rocket surgery so
I mean it’s just you know guys please
please there’s two problems here one is
is that you’re counting on debt to be
your supplier you’re your provider the
second thing is you’re waiting on the
government to be your provider neither
one of these turn out to be good
providers you come up with that is to
create revenues fresh and different and
digitally in the middle of this mess go
do something special and new even if
you’re just doing it for 30 days that
you’ve never done before and you may
never do again cut your own pay preserve
cache preserve cache preserve cache sell
off assets and protect your people
that’s what you do well and if we have
to furlough them you’re gonna cry while
you do it and not take a paycheck to be
clear and you said this this morning in
our meeting you said at the end of the
day if it came down to it after doing
all that and you should do all those
things first we would have to do layoffs
before we take on debt on principle I’m
not one not on principle because I think
it’s the shortest way to healing it’s
the best way to run an organization
because it’s the most profitable and
it’s the smartest it’s the wisest avoid
the stinking debt please guys please and
you can be mad at me and you make fun of
me some dinosaur if you want but I’m
sitting here freaking open – so shut up