46. You Built Multiple Businesses. Did You Protect Them From Each Other?

So I have my optometry company.

Then we have the company where we're doing the consulting.

Then we have the company where we have the digital programs where we sell the digital programs.

But I'm like something, all of my staff works for, like they are employed by the optometry company, but they're working for all these companies.

So I need to structure it differently.

And I know we're talking to the lawyers next week, but any sort of structural things that you had ideas on would be

great.

So structural from an ownership standpoint or structural from like how you're managing each entity?

From an ownership standpoint, so we had a management company because I went into business with my family originally.

Okay.

Zero out of 10, do not recommend.

So they got investors into the company.

It was horrible.

The investor's money went away.

And I was, I guess, apparently 30 days out of being bankrupt, according to the accountant.

Okay.

So that was fun.

So then we rebuilt everything there and we're like, oh, but we don't want to let the investors down and all of this stuff.

And then last month, we're like, well, that company flows.

We can't keep just feeding that money to that company because we feel bad.

So...

We would like to let some of the investors that actually were involved, that responded to our calls and stuff, into the company, but I don't know how the holding company structure would go and where I put everybody.

Where does Valerie come from? Because it's not how it is right now.

I know that's wrong.

Yeah.

So I have my optometry company.

Then we have the company where we're doing the consulting.

Then we have the company where we have the digital programs where we sell the digital programs.

But I'm like something, all of my staff works for, like they are employed by the optometry company, but they're working for all these companies.

So I need to structure it differently.

And I know we're talking to the lawyers next week, but any sort of structural things that you had ideas on would be

great.

So structural from an ownership standpoint or structural from like how you're managing each entity?

From an ownership standpoint, so we had a management company because I went into business with my family originally.

Okay.

Zero out of 10, do not recommend.

So they got investors into the company.

It was horrible.

The investor's money went away.

And I was, I guess, apparently 30 days out of being bankrupt, according to the accountant.

Okay.

So that was fun.

So then we rebuilt everything there and we're like, oh, but we don't want to let the investors down and all of this stuff.

And then last month, we're like, well, that company flows.

We can't keep just feeding that money to that company because we feel bad.

So...

We would like to let some of the investors that actually were involved, that responded to our calls and stuff, into the company, but I don't know how the holding company structure would go and where I put everybody.

Where does Valerie come from? Because it's not how it is right now.

I know that's wrong.

Yeah.