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

Episoder(654)

When Turning Down Business Is Actually a Benefit

When Turning Down Business Is Actually a Benefit

Today we’ll hear about:  A business owner considering abandoning a portion of his business  Dave interviews Donald Trump about small business and leadership Dave Ramsey’s reaction to Netflix’s comp...

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Can Your Family Business Survive Your Family Problems? With John Delony

Can Your Family Business Survive Your Family Problems? With John Delony

Today we’ll hear about:  A business owner who wants to be a good husband, father and leader  A woman whose sister doesn’t treat her well at the office  A man paralyzed by fear that he’ll destroy hi...

30 Sep 202450min

Should I Sacrifice a High Salary for Business Growth?

Should I Sacrifice a High Salary for Business Growth?

Today we’ll hear about:  How to determine your salary as a business owner  Why delegation is the key to running a successful business  How raising prices is essential for all businesses  A busines...

23 Sep 202438min

How to Pay off $4,000,000 of Debt in 5 Years (The 600th Episode)

How to Pay off $4,000,000 of Debt in 5 Years (The 600th Episode)

Today, we’ll hear about:  A business owner trying to prioritize his millions of dollars of debt  A son concerned about taking over his unethical father’s business  How to make profit without losing...

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Sitting on $750,000 Cash but I Still Need a Loan

Sitting on $750,000 Cash but I Still Need a Loan

Today we’ll hear about:  A business owner feeling pressured to buy a building before he’s ready   Dave Ramsey explaining why working with national banks sucks  A leader wondering how the election w...

9 Sep 202448min

We’re Getting Screwed by Our Business Partner

We’re Getting Screwed by Our Business Partner

Today we’ll hear about:  A business owner whose partner does no work but wants the profit  A man trying to decide if offering financing would be immoral  The three signs your business is growing to...

2 Sep 202441min

I’m Scared to Approach My Boss With Business Ideas

I’m Scared to Approach My Boss With Business Ideas

Today we’ll hear about:  A project manager who has ideas to save his boss money but is hesitant to share them  A husband wondering if selling a business will reduce stress at home  Dave Ramsey shar...

26 Aug 202437min

They Get the Job Done . . . but They’re Annoying

They Get the Job Done . . . but They’re Annoying

Today, we’ll hear about:  A caller deciding whether or not to hire a high performer who’s irritating  A franchise owner worried about his employee's financial choices  Dave Ramsey’s thoughts on how...

19 Aug 202444min

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