Does My Employee Deserve a Raise?

The EntreLeadership Podcast

Lampo Licensing, LLC.

Entrepreneurship, Business, Management

4.7 • 4.1K Ratings

🗓️ 23 June 2025

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today, we’ll hear about: • A business owner considering if his employee deserves a raise • Dave Ramsey’s advice on how to fix cash-flow problems • A businessman struggling to decide which employee to promote • A businesswoman wondering if buying a building is the next right move Next Steps: · 📞 Have a question for the show? Call 844-944-1070 or send us a message: https://ter.li/ask-us · 📚 Learn about the EntreLeadership System: https://ter.li/system-p · 💻 Get EntreLeadership Elite for your business: https://ter.li/elite-p · ✉️ Sign up to receive tactical tools, advice and resources in your inbox every week: https://ter.li/enl · 🏢 Attend EntreLeadership Summit: https://ter.li/summit · 🎤 Attend EntreLeadership Master Series: https://ter.li/masterseries · 📖 Order Dave’s new book, Build a Business You Love: https://ter.li/b4kru2 · 📺 Watch a free sample talk today: https://ter.li/om7p3e Connect With Our Sponsors: · 💼 Go to Belay Solutions or text ENTRE to 55123 for their free resource! · 💻 Visit NetSuite today to learn more. · 🧾 Visit Payority for a free consultation! · 📈 Get started with Sales Gravy’s free resource, The Small Business Owner’s Guide to Hiring Salespeople. · 📝 Use code ENTRE15 to get 15% off your first year of Trainual. Listen to More From Ramsey Network: 🪑 Front Row Seat with Ken Coleman 🎙️ The Ramsey Show 💸 The Ramsey Show Highlights 🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show💰 George Kamel Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	From the headquarters of Ramsey Solutions, this is the Entree Leadership podcast, where I take calls from leaders like you about what it takes to win at any stage of business and leadership.
0:21.5	I'm Dave Ramsey, your host with over 30 years of experience leading in the trenches right
0:27.3	alongside you.
0:28.2	If you got a question, you want to ask on the show?
0:30.9	Well, you fill out the form at entreleadership.com slash ask, or you can call.
0:36.4	Leave us a voicemail.
0:39.2	We'll get back to you and make you a caller on the show 844-944-1070 844-944-1070 Chris is in Raleigh North Carolina hey Chris how are you hey Dave
0:53.7	I'm doing well how are you? Hey, Dave, I'm doing well. How are you?
0:55.4	Better than I deserve. What's up? So, Dave, I've owned a jewelry business for 35 years, and just within
1:03.8	the past three months have bought an existing jewelry store in my town, taking it over.
1:11.3	So that's your second location?
1:13.9	Yes, sir.
1:14.5	Second location in a jewelry business.
1:16.3	My main store does 1.3, top line.
1:20.1	We're yet to see what the new store does, but we're expecting to be able to do about
1:23.0	800 the first year out of it.
1:27.1	And my question is, so I've kept one of the employees from the previous store.
1:32.6	She's got about four months of experience in the jewelry business,
1:35.6	and I'd like to work her into a management role.
1:37.5	She's not there yet, and I'm trying to figure out how to structure her payroll
1:41.0	to keep her happy and productive and on board.
1:46.9	Yeah, that's basically...
	...

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