Exploring the Major Pitfalls (and Wins) in Business

The EntreLeadership Podcast

Lampo Licensing, LLC.

Entrepreneurship, Business, Management

4.7 • 4.1K Ratings

🗓️ 26 June 2023

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today, we’ll hear about: • The best way to transition leadership in family business • Vic Keller’s tactics to his entrepreneurial success • A caller with an enormous amount of risky business debt • The questions you need to ask yourself when deciding between specializing or diversifying your business Links mentioned in this episode: • The EntreLeadership Podcast • Vic Keller’s website: https://vickeller.com • EntreLeadership Elite • The Advantage: Why Organizational Health Trumps Everything Else In Business by Patrick Lencioni • 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 • Staples Learn more about EntreLeadership Events: • EntreLeadership Summit • EntreLeadership Master Series Learn more about EntreLeadership Coaching: • Elite • Advisory Groups • Executive Coaching • Workshops 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

Transcript

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0:00.0	From the headquarters of Ramsey Solutions, this is the Entry Leadership Podcast where I take
0:17.2	calls from leaders like you about what it takes to win at any state of business and leadership.
0:23.5	I'm Dave Ramsey your host with over 30 years of experience leading in the trenches right
0:29.1	alongside you. I've done my work as a leader today before I sat down to this microphone. So
0:35.9	we are practitioners around here. This is not theory to us. We understand leaving the cave,
0:41.3	kill something and drag it home. If you've got a question about leadership and you'd like to be
0:45.4	a part of this program, give me a call of 844-944-1070. Our team will work that out. If you leave a
0:52.1	voice mail, we'll try to figure out what it gets you on here. 844-944-1070. Entry leadership
0:59.0	dot com slash ask if you want to fill out the forum and tell us and the gang will get with you
1:06.1	on that as well. Now coming up in the next segment, my friend Vic Keller is going to be with us. Vic is a
1:12.9	serial entrepreneur speaker, business coach. He has started many, many companies, sold several of them
1:19.2	to Warren Buffett at Berkshire Hathaway. So something I've not done. I'd like to get to talk to you guys
1:25.2	like that to do things like that and expose their knowledge and experience to you guys. So that you
1:31.2	can dream about doing things like that as well. To start off, this segment is Adam in Law of
1:37.7	Ocantucky. Hi Adam. Welcome to the Entry Leadership Podcast. Hey Dave, how are you?
1:43.5	Better than I deserve, sir. How can I help? So I am working on taking over my in laws,
1:53.1	property management company, working side by side with them for about another two to three years
1:59.6	and then eventually it'll be me and my wife running the company full time. And in this transition
2:05.3	period, I'm just trying to find out the best way for me to be respectful, but at the same time,
2:13.6	make sure that my opinion is heard and that the business decisions are, you know,
2:22.9	flows through everybody and just, but at the same time, not come off like a prick.
2:31.7	Here you go. That's a good concern and it's a good way of thinking about it. So they started the
	...

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