Why Making a Profit Isn’t Enough to Survive in Business

Why Making a Profit Isn’t Enough to Survive in Business

Today we’ll hear about: • A business owner who made $8 million last year but is going broke • The best way to structure bonuses for your team that doesn’t negatively affect your profits • Someone wanting to buy a gym, but the current owners aren’t being honest • What to take into consideration when determining how to pay yourself as the owner of a business Links mentioned in this episode: • The EntreLeadership Podcast • Stages of Business Assessment • Have a question for The EntreLeadership Podcast? Leave a voicemail at 844.944.1070 or submit your question for a chance to be on the show with Dave Ramsey: https://www.entreleadership.com/ask Start growing in business and leadership with the EntreLeadership Newsletter. Sign up to receive tactical tools, advice and resources in your inbox every week: https://bit.ly/3IRWnsL Support our sponsors: • NetSuite • BELAY • Payority • Trainual Learn more about EntreLeadership Events: • EntreLeadership Summit • EntreLeadership Master Series Learn more about EntreLeadership Coaching: • Elite • Advisory Groups • Executive Coaching • Workshops Find out what stage of business you’re in and what you can do to level up with our Stages of Business Assessment Listen to all the Ramsey Network podcasts anytime, anywhere in our Ramsey Network app: https://apple.co/3eN8jNq Learn more about your ad choices: https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy: https://www.ramseysolutions.com/company/policies/privacy-policy Learn more about your ad choices. Visit megaphone.fm/adchoices

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The Team Is Threatening to Leave! What Should I Do?

The Team Is Threatening to Leave! What Should I Do?

Today, we hear from: •      A team member looking to purchase a business, but the team doesn’t want to stay •      A business owner wanting to hire another chiropractor, but it would cut his salary in...

10 Huhti 202351min

The Headaches of Leading Your Own Business

The Headaches of Leading Your Own Business

Today, we hear from: •      A business owner wondering how much cash she needs to hire her first team member •      A solopreneur wanting to know how to reduce the taxes his business pays •      A son...

3 Huhti 202358min

These Are Crucial Decisions Every Leader Needs to Make

These Are Crucial Decisions Every Leader Needs to Make

Today, we hear from: •      A vice president who is trying to balance leading a large team while doing her own job •      A solopreneur who needs help but doesn’t have time to hire anyone •      An In...

27 Maalis 202356min

How to Lead High Performers and Scale Your Business

How to Lead High Performers and Scale Your Business

Today, we hear from: •      A leader of an HVAC contractor who has a high performer whose heart isn’t in his work •      A store manager who wants advice on how to talk to his father-in-law about pass...

20 Maalis 202350min

How to Truly Take Ownership of Your Business

How to Truly Take Ownership of Your Business

Today, we hear from: •      The owner of an auto mechanic shop who is wondering how she can expand her shop without debt •      A middle manager who wants advice on how to treat someone else’s company...

13 Maalis 202351min

How to Make Hard Decisions and Achieve Greatness

How to Make Hard Decisions and Achieve Greatness

Today, we hear from: •      A business owner who is trying to figure out when to hire so he can scale his business •      Lewis Howes on his book The Greatness Mindset •      A business owner whose re...

6 Maalis 20231h 3min

How to Confront Business Nightmares

How to Confront Business Nightmares

Today, we hear from: A business leader who is in the middle of a family business nightmare from inheritance A business owner who wants Dave to talk him out of financing a vehicle for the tax break ...

27 Helmi 202354min

How to Lead People and Manage Your Business’s Money

How to Lead People and Manage Your Business’s Money

Today, we hear from: A business owner wondering how to correct a team member without micromanaging A general manager asking how to catch up when he falls behind with vendors A business owner wonder...

20 Helmi 202357min

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