[O.city]

Originally Posted by DJ's left nut

I got so mad today I walked out of a meeting with "I didn't walk in here today to listen to a fat man cry..."

(spoiler tags added as it's long and almost entirely irrelevant in a thread that shouldn't be cluttered with long and irrelevant. My bad, fellas)

Spoiler!

Last night I spent a couple hours preparing austerity measures. I'm gonna burn through savings under these things but they're important to get us through (maybe). They'll buy us 3 months if things go reasonably poorly but not catastrophically so. Fortunately when I get in ready for a fight with the managing partner on how critical they are...he's already typed up something similar. {phew}

So we set up a conference call with the 3 principal owners (us) and the 3 retired stakeholders who we're paying buyouts to that combine to essentially triple our combined salaries. We advise them that we're going to suspend buyout payments and reduce our rent to the balance of the promissory note (they're the landlords; note is 1/2 what we pay in rent).

They flipped shit about the lifestyle they're accustomed to and how unfair it is to ask them to do this. Men who have each made millions in their working lives and who could ALL get their distributions cut in half and STILL be the highest paid members of our firm are sitting on the other end of that phone crying poor while the 3 of us still here are trying to put together plans that will keep us alive and slash our salaries below most of our managerial staff (not looking forward to my personal burn rate at that point).

One of them said he wanted to table the meeting because he was getting emotional. We ended it and he called us directly to continue his whining.

Goddammit - I'm not having it right now. I'm in no mood. I have advised the other 2 partners that we'll either be on the same page tomorrow morning or my presence in that meeting is going to be REAL counterproductive. I'm inclined to tell 'em they'll get nothing and like it and if they want to come get it, they know where to find us. If they wanna scorch the earth over this, I'll close up shop and reorganize. We paid a lot in 'goodwill' to buy this thing but the goodwill at this point is our performance and it's been incredible over the last 2 years. Our clients will follow us - not our name.

To have us spending all day putting together emergency action plans, working with banks, factoring burn rates and taking the pulse of the staff while looking at every available option to claw our ways through this and then have those assholes that do nothing but sit at home and cash checks tell us 'nawwww - I'm gonna need that several hundred thousand/yr' is just galling as ****.

We completely rebuilt our software and expanded into 2 states - I feel ya on a poorly timed expansion man. Good luck with the new practice. We're reasonably intelligent people so we'll land on our feet but **** if I wanna start over again. I had a lot more energy, piss and vinegar when I was 27 than I do at 38. I don't wanna climb this mountain again.

Yeah that sucks. I’m hopeful this doesn’t end up being the fortune tellers doom s d gloom thing they’re portraying

I’m not seeing normal schedule for a week or two because the American dental association kind of hung us all out to dry and put out a statement of what they “recommend” nationwide. So I’ll abide.

But patients are scheduling and need treatment done. I run a clean ass sterile operation and I’ve added as much protection to everyone as I can without a full fledged negative pressure chamber.

So after this little time off I’m going back to work if patients want to be seen