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(639)

My Business Has Cash-Flow Issues

My Business Has Cash-Flow Issues

Today we’ll hear about:  A business owner struggling to cash flow projects  A leader wanting to prepare his team for an ownership transition  How a business doubled their revenue in one year...

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Can My Business Survive Without a Partnership?

Can My Business Survive Without a Partnership?

Today, we’ll hear about:  A son deciding how to move forward with his business after his father’s death  A business owner dealing with the aftermath of a walkout  How Seth Dillon and The Bab...

24 Mar 202553min

How to Accurately Forecast Business Growth

How to Accurately Forecast Business Growth

Today we’ll hear about:  A business owner wondering how to predict future revenue  A woman seeking advice after not paying herself for two years  Dave Ramsey’s advice on how to kill the five...

17 Mar 202550min

Trial Lawyer: Here’s How to Handle Conflict in Your Business (With Jefferson Fisher)

Trial Lawyer: Here’s How to Handle Conflict in Your Business (With Jefferson Fisher)

Today, we’ll hear about:  A business owner whose partner refuses to retire  A leader looking for advice on how to seek honest feedback from her team  A family trying to ensure their company ...

10 Mar 202553min

My Team Is Dropping the Ball (I’m Pissed)

My Team Is Dropping the Ball (I’m Pissed)

Today, we’ll hear about:  A business owner who’s upset with his team's underperformance   A manager who’s frustrated that he works harder in the family business than his cousins  A young lea...

3 Mar 202545min

I Want to Fire Her, but Then My Business Would Be Screwed

I Want to Fire Her, but Then My Business Would Be Screwed

Today we’ll hear about:  A business owner whose employee has sole access to the company’s accounts  A man who left his business behind for his new wife in another state  Dave Ramsey’s take o...

24 Feb 202547min

Our Business Growth Is Creating a Major Problem

Our Business Growth Is Creating a Major Problem

Today we’ll hear about:  A business owner who’s concerned about outgrowing his current space  A man looking for advice on structuring a partnership  The reason why Dave Ramsey believes the c...

17 Feb 202549min

My Team Isn’t Happy With Changes I’m Making (Why?)

My Team Isn’t Happy With Changes I’m Making (Why?)

Today we’ll hear about:  A business owner who’s changing his team’s roles, and they’re not happy  A young business owner struggling to retain employees  How Dave Ramsey handles firing team m...

10 Feb 202552min

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