Financial Problems Small Business Owners Must Navigate

The EntreLeadership Podcast

Lampo Licensing, LLC.

Entrepreneurship, Business, Management

4.7 • 4.1K Ratings

🗓️ 3 July 2023

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today, we’ll hear about: • A guy who can’t agree with his spouse on what his salary should be from their business • How you should balance personal investing and paying off business debt • What to do when you have a team member in a leadership position who doesn’t communicate well with the people they lead • How The EntreLeadership Podcast has improved the business of a listener in California • How to decide when it’s worth it to move locations to be in a high traffic area to increase walk-in clients Links mentioned in this episode: • The EntreLeadership Podcast • EntreLeadership Elite • 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 Entrez Leadership Podcast.
0:16.0	What I take calls from leaders like you about what it takes to win in any stage of business
0:23.6	and leadership.
0:24.6	I'm Dave Ramsey, your host with over 30 years of experience leading in the trenches right
0:28.9	alongside you.
0:30.5	If you've got a question you want to ask on this show, you can call and leave a voicemail,
0:34.0	we'll make you a caller by calling you back and setting up the call.
0:37.4	We don't tell you what to say, but we have to schedule it.
0:39.7	Phone number is 8449441070, 8449441070.
0:47.8	Or if you prefer to just leave your question on the form, we'll call you from that and make
0:52.2	you a caller at EntrezLeadership.com.
0:55.2	KJ starts this segment off with Indianapolis, Indiana.
1:01.1	Hi KJ, welcome to the Entrez Leadership Podcast.
1:03.8	Hey Dave, it's a pleasure to be on here.
1:06.7	Good to have you.
1:07.7	What's up?
1:08.7	Hey, so I've got a question for you.
1:10.9	So my wife and I are struggling to get on the same page financially about how much I
1:15.8	should be paying myself and a quick little context of this.
1:20.2	So started a business seven years ago while in college.
1:23.8	First year after graduation running it, we did 125,000 and my pay was a whopping 12,000
1:29.8	a year.
	...

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