We Lost our $3.5 Million Business

We Lost our $3.5 Million Business

Today we’ll hear about: Business owners need to start over after their partner stole their clients A business partner wants to continue getting paid, but hasn’t worked in 4 years A business owner struggling to fire his top team member for not following policy A business owner that has no idea what to do with an extra $500k in savings Next Steps 🗳️ Submit your question for a chance to be on the show with Dave Ramsey: https://ter.li/askus 👣 Find out what Stage of Business You’re In: https://ter.li/axd39b ✉️ Sign up to receive tactical tools, advice and resources in your inbox every week: https://ter.li/y8qdo7 🏢 Attend EntreLeadership Summit: https://ter.li/fcazl2 🎤 Attend EntreLeadership Master Series: https://ter.li/wcjhpu ☎️ Learn more about EntreLeadership Coaching: https://ter.li/ycznhl 💵 Learn more about Ramsey SmartDollar: https://ter.li/4imot0 🗳️ Help us make the show better! Please fill out the quick survey form. https://bit.ly/3O8fRvh Offers from Today's Sponsors NetSuite: https://ter.li/x1t20q BELAY: https://ter.li/yohiu6 Payority: https://ter.li/fh2oau Trainual: https://ter.li/a8zexl Listen to more from Ramsey Network 💼 The Ken Coleman Show 🎙️ The Ramsey Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💰 George Kamel 💸 The Ramsey Show Highlights 🧠 The Dr. John Delony Show Ramsey Solutions Privacy Policy https://www.ramseysolutions.com/compa… Learn more about your ad choices. Visit megaphone.fm/adchoices

Episoder(639)

Debt-Free to $1.5 Million in Debt (Now What?)

Debt-Free to $1.5 Million in Debt (Now What?)

Today, we’ll hear about:  A business owner who added $1.5 million in debt and doesn’t know what to do next  Why leaders must stop doing the work to grow the business Why Dave Ramsey reco...

11 Feb 44min

3 Questions That Could Save Your Business From Going Broke

3 Questions That Could Save Your Business From Going Broke

If sales are up but the bank account says otherwise, something’s off. In this episode, you’ll learn the difference between revenue, profit, and cash flow—and the practical steps leaders use to fix cas...

9 Feb 7min

Should I Take on a Leadership Role Again? (I Failed Last Time)

Should I Take on a Leadership Role Again? (I Failed Last Time)

Today, we’ll hear about: ·      A leader questioning if he should take a promotion ·      A son weighing if he should leave his successful business to help save his father’s failing company ·      ...

4 Feb 50min

The 3 Mistakes People Make in Hard Conversations (and How to Avoid Them)

The 3 Mistakes People Make in Hard Conversations (and How to Avoid Them)

Most leaders don’t mess up tough conversations—they avoid them.  In this episode, you’ll learn how to face difficult conversations head-on with a clear plan that protects trust, fixes problems faster...

2 Feb 13min

Should Leaders Work a 4-Day Week or Does It Create Resentment?

Should Leaders Work a 4-Day Week or Does It Create Resentment?

Today, we’ll hear about: •       A young business owner questioning whether to work fewer hours •       Dave’s advice on profit sharing for small businesses •             How Dave would handle mark...

26 Jan 41min

The Simple Strategy Dave Uses to Motivate His Team

The Simple Strategy Dave Uses to Motivate His Team

Today, we’ll hear about: •       A business owner struggling to pass on ownership mentality to his team •       A businessman navigating ownership disputes during divorce proceedings •       Dave’s...

19 Jan 34min

How Leaders Accidentally Reward Toxic Behavior

How Leaders Accidentally Reward Toxic Behavior

Today, we’ll hear about: ·      A businesswoman trying to confront a toxic employee while dealing with her team’s complacency  ·      The best way to reduce leadership turnover—by creating stability...

12 Jan 44min

My Father’s Retirement Package Could Break Our Business

My Father’s Retirement Package Could Break Our Business

Today, we’ll hear about: • A son who’s concerned his father’s retirement demands are unreasonable • A businessman wrestling with his decision to fire an employee • An athletic director considering ...

5 Jan 52min

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