Re: Country Clubs
Posted by:
biiiig timer
()
Date: August 25, 2013 09:10PM
Rainmaker Wrote:
-------------------------------------------------------
> @some guy: The appeal, muffakah...is that a round
> of golf takes about 4 hours. Add to that range
> time, commute time and a meal and you might be
> looking at 8 hours...
>
> For me, in my line of work...commercial real
> estate...that's 8 hours I have with just me and my
> client(s). Oh sure, people have their phones so
> it's not totally uninterrupted but, if you can't
> close after 8 hours with a client...you have no
> business being this business. My employer pays
> everything associated with my 3 country club
> memberships but, the burden is mine. I'm under
> strict orders that if I don't turn 5:1 on the
> membership investment then I'm getting fired but,
> last year I did 12:1 and this year I'm looking to
> clear 14:1.
You sure are a big swinging di**. Congrats.
By my rough math, if you've got 3 memberships at say, $400 a month each (not counting initiation), that is around $14 k per year.
At a 5:1 multiple, that is around $70,000 per year, net $56,000 per year to your "broker" if you are on a 50/50 split. You should be fired. Or at least talked to and shown the cube farm. After other costs, your company ain't making dick on you.
At a 14:1 multiple, that is around $200,000 per year.
If you're doing $200,000 per year, to be talking the way you're talking makes me laugh.
At most of the big national firms, that gets you on the watch list. Not "watch" as in let's watch how well this guy does, but watch as in if his numbers don't improve soon, his a** needs to be shown the door.