WEBVTT
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My business is your business.
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It's all up in my lady business.
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With me.
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Very easy.
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Welcome to All Up in My Lady Business.
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Once again, I have my partner in crime, Melissa Riddle, in the uh the co-pilot seat today.
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Hello.
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Thanks for taking time out of your uh your afternoon to come and rap at me, rap with me, cut it up and spin it around.
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Uh we are recording this the week before Christmas.
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That's right.
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Here in in Chicagoland.
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And uh I am not feeling very jolly this year.
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How is your jolly factor going?
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I mean, my jolly factor is always diminished.
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Uh the holidays are not necessarily my favorite time of year for many reasons, just whatever.
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Uh they've improved since making a person and having a target for sort of the, you know, get to see somebody else be super happy.
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Um is enjoyable.
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Um but still the like obligatory spending and you know, all of that stuff kind of weighs.
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I I famously uh have this refrain about millennials fix it, and now I think I need to move on to like another generation.
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Uh millennials fix what?
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Just it's like my hope was that uh these sort of traditional obligation things would kind of come out of our culture or whatever th because of younger generations.
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And that was sort of the the millennials fix it, uh came out of that.
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Like thinking like, okay, well, I it's clear that mine's not gonna deal with this dumb thing, but maybe millennials will.
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No.
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You know, uh now I feel like I have to even go past millennials to uh even even younger the Gen Zers.
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Gen Zers potentially to kind of cleanse us of some of this stuff that's just antiquated and not that helpful.
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And Christmas is one of those things.
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Well, yeah.
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I mean, I, you know, I think that that's like a I I I don't know if millennials can necessarily fix it, but I think that men I think that you know it's funny you say the millennials fix it because I actually think millennials kind of made things harder.
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I I like to think of like social media as like millennials' revenge for like for like, you know, like causing the crash in 2008 that basically made it so that I mean, you know, commerce has not been the same since that first, or no, it wasn't the first, but the one that really impacted us, the recession of 2008.
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And so they like, you know, there were no jobs.
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And so that was when like social media was coming out, and they're like, oh, we're gonna make it complicated and hard and things that older people can't figure out.
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So they have to hire us to do this thing that only they can do well.
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Okay.
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Yeah.
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Maybe uh I was thinking more just on the level of getting rid of these sort of imposed things that feel like they've Yeah.
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No, I think you're right about that.
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I'm saying the opposite.
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I'm saying what millennials did bad for us.
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But they didn't, it was just a reaction to the fact that there were no jobs.
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I guess we all, even our generation, messed some things up.
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I don't know.
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I don't think about us that much anymore.
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But yeah, the end of year stuff and sort of all of this kind of free, um, what do they call it, you know, post post mortem of the year and thinking about all of the, you know, many, many successes uh that we had.
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And uh, you know, the things that still feel like how do businesses survive when they have to dig out from kind of the heaviness of bureaucracy and compliance and it's very expensive I feel like it's I mean, I feel like life in general is very expensive for everybody.
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Like I don't think you can have a very cheap life anymore.
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No cheap life.
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Like I feel like it's it's so hard.
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Like every you like you have to have a cell phone, and I'm like true god, I took my glasses off and I feel like my face just went.
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Um I'm putting that back on so you don't have to see that.
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The what was I saying?
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Cheap life.
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Cheap life.
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Yeah, you don't have like they're like you have to have a cell phone and that's like$70.
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Like when I was like a 20-year-old, like, you know, like electric bills were like$30.
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And like in the winter, the worst it would get was like$100, and that was like bananas.
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Like it feels like, you know, you can't everything's expensive.
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We have been going over all of our books and everything and trying to get everything ready for the, you know, for the next year, kind of looking at what happened and what didn't.
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And you know, just the the amount of money that I have to spend on dumb stuff that I and it's like I and I don't own anything anymore either.
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Like I don't own my QuickBooks, you know, like my QuickBooks is all online.
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And like if the cloud goes down, my books go with it.
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Yeah.
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Like that's crazy to me.
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You know, it's like I have all these different softwares I have to use to process everything, and it's so expensive.
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Yeah.
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Lots of subscriptions and stuff.
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And you know, I was Matt and I were kind of talking about this the other day and just like the how like the idea of a subscription, you know, is relatively young, you know, in the arc of capitalism.
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And how, you know, so it like just took hold so completely, right?
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That like what you're describing of just even, you know, how we consume entertainment.
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Uh it used to just be magazines, you know, the only thing we subscribed to was like Yeah.
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There were no there were no like boxes of crafts that showed up every four months or whatever.
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And you know, but but it also like it's it's like all these little things that every time I say it used to be like this, I feel like I sound like an old person that's like, everything was better when I was young and I and it was it was different.
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It was different.
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But I do feel like a lot of the things that the the technology has done is to replace people and you know, to make it so you don't and you know, for some smaller businesses where, you know, you can't afford to have an IT person or have a HR person or have any other, you know, two-letter disciplines in your in your orbit.
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I was reading an article about I don't remember what, but basically like the plastics, uh the the the rise of plastics came out of during World War II when we made all these factories to make bombs and stuff.
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Like after the war was over and they didn't have to make bombs anymore, they're like, well, we have this factory, what are we gonna do with it?
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And basically that's where like the plastics of it all was like, well, maybe we can use it.
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You know, there's this all, you know, we have different all these scientists that came over after the Nazis got, you know, that came over and kind of developed all these new products around plastics and all these other things.
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That, you know, it's like we we created the plastic problem because we had these giant factories.
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And instead of just realizing, like, okay, we can just shut them down and do something else, they had to like figure out something else to do with them.
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And now we have this plastics problem.
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I mean, maybe it's uh probably way more complicated than that, but I it does it does ring like that could be the that could be some truth in that.
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I think so.
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You know, I think we talk about this frequently because it comes up so often and and whatever, uh, is you know, this idea of like industries propping up industries and like the the lobbyists of those countries, like the tape industry waiting for the holidays when that, you know, people consume, you know, a whole bunch of tape, preventing us from coming up with a better way to wrap gifts.
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You know, just how like the innovation has such a hard time grabbing hold because there's so many forces trying to keep the status quo because there's so many industries that benefit from nothing changing.
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And that drives me endlessly crazy.
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Well, especially when you look at a place like China that I feel like we are fed a lot of like anti-China, like you know, definitely.
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I mean, some I was like, you know, sending letters to our representatives about Tibet, you know.
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Oh yeah, yeah, yeah, yeah.
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I mean, yeah, in terms of their like human rights issues.
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Exactly.
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But I think but on the positive side of things, I think there are some things like you know, they're they very are heavily investing in renewables right now.
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And they're trying to make it so that they are completely off anything fossil related by like 2030.
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Yeah.
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And like, and they're like on the way.
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Like they're and and like, you know, they've they're actively trying to make things like better and easier and future-proofing them.
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And then we're like, no, there's five rich guys that make money off of the remaining coal that is at the center of the earth.
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And so instead of like being like, sorry, rich guys, you either have to like innovate or, you know, I mean, what's that's the buggy whip, you know, like buggy, like buggy whips were like a thing everybody had to have.
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And then the second the cars were made, the buggy whip, you know, was no longer necessary.
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And that guy like, you know, had to had to find a new job.
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It's gotta invest in, you know, I mean, again, we're trying to solve the world's problems here on a podcast, but like, you know, putting I think the idea that you if your industry is like technology replaces your industry with a bigger, better um, you know, idea or whatever it is that like that just means you you're done or you have no, you know, expertise anymore.
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Like obviously there are other countries that when a a primary industry or a utility or whatever it is that's that exists uh goes by the wayside or the expertise changes, you educate the same people to do the next thing.
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It's like it's I guess you have to be, you know, willing and able to um take that education on and whatever.
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But like that that's where I wish, you know, when it comes to these guys with all of these gajillion gajillion dollars, you know, it's like we could fix these problems by training a workforce to do the thing that is the better thing instead of just holding on to the past until our, you know, nails bleed.
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It's the difference between like capitalism and and commerce.
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You know, like it's like, you know, in part I mean, and all this kind of stems back to, you know, in Reagan, who ruined uh the world, in my opinion.
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Uh, but he, you know, he changed the the the tax rate.
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Like the tax rate used to be 90% for like the corporate tax rate was 90%.
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And that was graduated.
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Like it wasn't like if you make a gazillion dollars, it's all taxed at 90%.
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It's like the first hundred thousand is taxed at 30 and the next million is taxed.
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It's like it goes up.
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So it's not like I think everyone hears that, they're like, oh God, that's that's not true.
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Or that would have been, it's like, no, it was graduated.
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If I was getting taxed at a 90% rate, it would very much behoove me to reinvest in my company.
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You know, buy open other locations so you can employ more people or pay everybody better because they are um because that you've got all this money.
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And that's how like minimum wage goes up.
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And that's how, you know, we we wind up becoming, you know, we want to progressing as a society is because we're taking that money and putting it back into the business, the like thing that made it possible for you to make money in the first place.
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And I get it, I'm like the owner of a company, like I'm the man or whatever, but like I have been very much forced to invest all of my money back into the company because I'm at this weird sweet spot where I like I make uh make enough money to like be a comfortable person, but I'm not buying a second house.
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I'm not buying a Rolls-Royce, I'm not, you know, I I'm able to afford the life that I have.
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I mean, it's basically just there's this, you know, I guess diminishing returns, you know, at some point in growth and like the amount that you have to invest financially or time or labor or hiring or all of the different things that are required for growth.
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It's like if I have to spend this much to make this much, you know, but then I also have to do all of these other things in order to take that step, then, you know, is it even, is that what I want?
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Is it even worth it?
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You know, when I had my own business, that was definitely a major contributor to me deciding just to move on, because as a, you know, a single op, you know, person, you obviously have a huge um limitation on how much you can do because you're one person and you only have the time that you have.
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But to grow, even adding one person requires just an onslaught of, you know, like I said, uh compliance and you know, all of that stuff, that major investment, it's like nearly impossible to do it in ways that, you know, uh just like floored at the people that are, you know, able to build a business that's beyond just themselves because it's well if you yeah, I mean, because it and I think that if I were to try to start toast and jam now, it would be I I don't know, I don't know if I could do it.
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You know, I feel like I kind of was doing this at a time when, you know, like for I mean, first of all, you know, it's like I think about the internet and I'm like, well, at my bot my job couldn't at least the way I'm doing it would not be able to be wouldn't have been possible like um to do it like up and up, you know, completely.
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Yeah.
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I mean, well, the internet of it all made it possible for me to like easily download music.
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And, you know, I could email people and I could get, I I was able to, you know, the internet makes it easier to like find people and whatnot.
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So like, and I was in like this nascent, you know, 2003, 2004 when I was like beginning to DJ weddings and things.
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It's like, you know, there was a lot of change technology-wise that made it possible.
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Um, but when I started Toast and Jam, you know, like everybody in this industry and still does in the wedding industry, almost everybody's a 1099.
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I think we've covered this a million times.
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And so it was really easy for me to add employees because there was no real onboarding.
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It was like they gave me their um social security number and filled out on a W9.
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And that was, you know, the extent of my, you know, I didn't have to get them insurance.
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I didn't have to onboard them.
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I didn't have to get them into payroll.
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You know, I just was like, you know, it's like they would come, they would work, I would write them, they would give me an invoice, which was just a piece of paper that had their name, the date of the event, and then the amount that I was paying them.
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And then I would pay them.
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And it was really easy to bring people in.
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We never had, you know, I mean, I had insurance and I had, you know, that had some marketing expenses and things like that.
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And it made it really easy then for me to be more generous with the DJs and you'll be able to give, even though it wasn't legal, like I, as I found out when I got audited, to give them bonuses.
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Like you can't give bonuses to subcontractors because that changes the nature of the relationship.
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And it made it possible for me to like rent boats and you know, take people out and have parties and we could go out for drinks after weddings, and I would buy everybody drinks because I had the money for that.
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And it was great and I loved it, and it was super fun and it was the best.
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And, you know, and I I don't know, I it's like I had enough money to live on and that was good, you know.
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Like I didn't need much more than that.
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And then, and then when everybody got made, you know, employees in 2017, it's like all of a sudden, like because I was the canary in the coal nine mine on workers' comp, that was I always bring up workers' comp is the worst.
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Like it is, it is the absolute worst.
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And it's like, and we wouldn't even really need workers' comp if we had subsidized healthcare.
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I think about all the things that would just go away.
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Like if we did if we had subsidized healthcare.
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Because if we had subsidized healthcare, we wouldn't have to worry about whose fault it was that an accident happened.
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The accident happened.
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And like that could be covered by the like the legal side of things could be covered differently.
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Like if you were negligent or whatever, that's a that's a different, but the actual like injury that happened to somebody and like they're saying, well, you know, this happened, like whenever I have had injuries on my body, like when I got physical rehab or whatever, it's I always get all these letters from the insurance company, like, how did you get this industry injury?
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Was it work?
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Was it what you know?
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They're always trying to find a way for them to not cover it.
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Um and anyway, so like getting workers' comp, it's like when I made them employees, like I had to pay the highest rate.
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That first year, my my workers' comp policy cost me$26,000.
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So like all of a sudden, just 20, like from 2016 to 2017, like that's you know, that's that is three boat parties right there.
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You know, like, well, maybe it's two boat parties.
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Those were pretty expensive.
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But it was but the but the thing is that the boat parties, like, I'm sure people would be like, there's some people like, I'd rather have money than the boat party.
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Sure.
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I get it.
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But I also feel like the boat parties were like, we never got to see each other really all that much.
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This was like morale boosting and we got to be around each other and have fun times.
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And like a holiday party and you don't have, you know, just here's sixty dollars or something.
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Like I would non-monetary benefit to Yeah.
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To like me showing them how much I appreciate them.
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And I could I could Yeah, and I could take the boat money and I could buy myself a Hyundai or something with that money uh or a down payment on a Hyundai.
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I don't know.
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Infrastructure is expensive.
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Compliance is expensive.
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And I and it's not that I don't want to be in compliance, but it does feel like all of the compliance that I am in is because of the bad behavior of other businesses before me.
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Like I'm paying for the mistakes of other, like of other business owners that haven't been ethical or, you know, didn't want to, you know, own up for mistakes that they've made.
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And I'm not saying that I am perfect and I have done everything correctly, but I've always tried.
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Like my heart's always in the right place.
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I'm never thinking, like, how can I fuck over these DJs and pay them$50 less so I don't have to, you know, like there's that's never part of my calculus.
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My calculus is like, you know, and no, and nobody knows and nobody cares.
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No one cares about the things I have to deal with.
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And I mean, honestly, I barely care about the shit that I have to care about because I am angry about it.
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When I made them employees, I I was like, well, now I can give them some kind of benefit.
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You know, they're like, you know, like I can at least try to make this, you know, like that there's they get something from making them employees because no one could really see the value of it, like when I did it.
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Yeah.
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And so I was like, well, give them a 401k.
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I've stolen the youth of so many of these people.
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Like, but at that time I had like six or seven DJs that um were only working for me.
00:18:39.680 --> 00:18:45.440
And so unless they had their own IRA or something, you know, they weren't saving.
00:18:45.680 --> 00:18:49.759
And not that I should necessarily make that my business, but I was making it my business.
00:18:49.920 --> 00:18:53.279
Like I, you know, so it I was like, well, I'll I'll pay to do a 401k.
00:18:53.359 --> 00:18:55.759
Well, it's expensive to manage that alone.
00:18:56.079 --> 00:19:10.640
Uh, and then I can't really match it because it it would be so expensive for me to match it that I would be, you know, I shouldn't be having to require I like it, it's like it's one of things where I'm like, why are we even doing why do we do like retirement this way too?
00:19:10.720 --> 00:19:12.799
It's like weird that we even put that through businesses too.
00:19:12.880 --> 00:19:14.160
But then you'll fix it.
00:19:14.400 --> 00:19:15.279
Not gonna happen.
00:19:15.599 --> 00:19:24.079
But my point is that I had, you know, it's like I I try to do this nice thing by having a 401k and it's super expensive and I can't be as generous as I want to be.
00:19:24.160 --> 00:19:26.960
And I feel like I get kind of dogged for that because I don't do that.
00:19:27.039 --> 00:19:31.200
And it's like, well, I'm I am I'm trying to do something because I can't do healthcare.
00:19:31.359 --> 00:19:36.000
I can't, I it's I could do healthcare for full-time employees with the part-time, especially.
00:19:36.160 --> 00:19:40.880
You have to be working every single pay period or be on some kind of you know, paid leave.
00:19:42.720 --> 00:20:01.920
Um, you know, like you could argue that the entire business is a seasonal business, you know, like just so much that's different about how this type of business runs that, you know, again, we're always just trying to um, you know, figure out where we fit.
00:20:02.079 --> 00:20:06.880
What do we have to do in order to be um, you know, on the up and up.
00:20:07.039 --> 00:20:17.839
And even that, you know, requires investment, requires time, requires expertise, time, um, you know, all of those things to, you know, to sort of make make happen.
00:20:18.000 --> 00:20:36.640
And, you know, even just like this past uh couple of weeks with the the resources for, you know, sexual harassment training and bystander training, obviously something we believe in wholeheartedly is needed and should be required, but it's like held hostage by money as well.
00:20:36.799 --> 00:20:56.480
Like you either have to pay out to you know third party organization to manage it for you at you know the cost of I think we, you know, figured out some like over$25 per over dollars per person because you have to do the two different trainings and then pay for the time to take the training.
00:20:56.559 --> 00:21:01.839
And then, you know, those were the the two, but then there's two of the trainings, the bystander and the sexual harassment.
00:21:02.079 --> 00:21:16.480
So it was gonna cost me like over two grand to well over two grand to make everybody compliance for a for a problem that most likely we wouldn't like if anything sexual harassment for drunk people on dance.
00:21:16.799 --> 00:21:17.200
That's the thing.
00:21:17.359 --> 00:21:23.359
And that's the that and that's like the that's like the sad thing is that like the our DJs are barely around each other.
00:21:23.599 --> 00:21:26.079
And I think all you have to have a boat party.
00:21:26.160 --> 00:21:29.359
Uh you have to have a boat party, but even those were mostly women back in the day.
00:21:29.440 --> 00:21:31.200
I only had like one male employee.
00:21:31.440 --> 00:21:38.480
Uh but I do feel like, you know, like you have to take sexual harassment training because a lot of and and I'm gonna probably I'm gonna assume this.
00:21:38.640 --> 00:21:42.480
I'm sure some of my, but I'm assuming it's men who do the most the majority of the harassing.
00:21:42.640 --> 00:21:44.799
I'm gonna just go out on a lin there.
00:21:45.039 --> 00:21:50.160
Uh and so basically this the sexual harassment and the bystander training, like that's all there because men can't behave.
00:21:50.319 --> 00:22:03.599
So instead of like saying, hey guys, quit making it hard to exist in the world, we're like, well, let's cut, let's create, let's give training so that we've got plausible deniability if Something bad happens that we can say, well, they watched the sexual harassment video.
00:22:03.759 --> 00:22:07.359
So, you know, we don't have any complicity here in the whole thing.
00:22:07.680 --> 00:22:15.440
And we're not volunteering that information, that structure to anyone to have who wants it.
00:22:15.599 --> 00:22:24.480
We're going to force you to pay a premium on the training so that people can have the information.
00:22:24.720 --> 00:22:27.119
So it's just completely insane.
00:22:27.759 --> 00:22:32.799
And Chicago, you know, offers the like some version of a free training, but it's bureaucratic.
00:22:32.880 --> 00:22:34.880
You have to apply at a certain amount of time.
00:22:34.960 --> 00:22:36.079
You have to get approved.
00:22:36.240 --> 00:22:42.400
You know, everything is just a big, you know, uh, I want to say circle jerk.
00:22:42.480 --> 00:22:51.759
Um I would say circle jerk of, you know, and then the whole, the whole thing is like, why, why should this information cost money?
00:22:52.000 --> 00:23:07.119
Like, why is this not something that we just provide to anybody who wants to know how to sexually harass someone or know how to intervene in a say, you know, a situation that is both safe for the person who's being harassed and for the person who's intervening?
00:23:07.440 --> 00:23:09.359
Why does that have to come at a premium?
00:23:09.440 --> 00:23:19.599
I mean, I know capitalism is the answer, but it's just so frustrating that this isn't just available and that everybody agrees and everybody takes the same one.
00:23:19.680 --> 00:23:33.759
So we all know that this is the gold standard for how, you know, what the expectations are, instead of having the, you know, llama something or another version of the training and the gusto version of the training and the meeting.
00:23:34.000 --> 00:23:36.960
City of Chicago and the state of Illinois and then the federal version of it.
00:23:37.119 --> 00:23:41.119
Like it's just, it's and it's and it's because they it's the capitalism.
00:23:41.200 --> 00:23:42.480
It's it's not the commerce.
00:23:42.640 --> 00:23:51.920
It's not like it's not like the federal government or the government in general that is being like, you know, hey guys, we're gonna provide all this to you and make it easy so that like we like none of us have a reason why we don't know this.
00:23:52.240 --> 00:23:55.200
And and and your people are sexually harassed.