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(652)

When Is It Too Late to Stop a Bad Decision?

When Is It Too Late to Stop a Bad Decision?

Three keys to hiring family members without affecting company culture Budget friendly ways to show appreciation to your team A business owner who’s closing the gate on customers because they’re “int...

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The Biggest Limiting Factor to Your Business Growth

The Biggest Limiting Factor to Your Business Growth

•       A business owner struggling to get buy in on necessary change from his CEO that is also his brother •       A leader trying to prevent his Chick-Fil-A locations from backsliding through the st...

5 Feb 202443min

Why Growing Your Business Is Simpler Than You Think

Why Growing Your Business Is Simpler Than You Think

Today we’ll hear about: •       A seasonal business that must change its business model to keep from losing its team •       How to set up a leadership and self-development program for your team •    ...

29 Jan 202439min

Is Your Business Safe From These Landmines?

Is Your Business Safe From These Landmines?

Today we’ll hear about: •       How to avoid convoluted family succession plans •       The best way to increase profit when your business has plateaued •       A business owner who doesn’t have a lea...

22 Jan 202450min

Key Decisions That Protect Company Culture

Key Decisions That Protect Company Culture

Today we’ll hear about: •       How to address leaders that are no longer pulling their weight •       Important workplace stats to know and how to address them •       How to best invest in marketing...

15 Jan 202451min

Hidden Blockers That Will Keep Your Business from Growing

Hidden Blockers That Will Keep Your Business from Growing

Today we’ll hear about: •       What to do when your leadership team can’t get on the same page •       A business owner who hasn’t taken a salary in five years because they have so much debt •       ...

8 Jan 202457min

Keys to Recovering from Business Failures

Keys to Recovering from Business Failures

Today we’ll hear about: •       A business partnership that resulted in a mountain of legal and financial issues •       How a homeless veteran turned successful business owner wants to be more genero...

1 Jan 202447min

The BEST Interviews and Calls of 2023

The BEST Interviews and Calls of 2023

Today we’ll hear the best interviews and calls from 2023!  •       A father trying to protect his daughter and business from a thieving ex-son-in-law •       What changed Dr. Jordan Peterson’s politic...

25 Des 202347min

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