How Should I Split My $3.5 Million Company?

The EntreLeadership Podcast

Ramsey Network

Entrepreneurship, Business, Management

4.7 • 4.1K Ratings

🗓️ 13 October 2025

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today, we’ll hear about: • A business owner wondering how to distribute the company’s shares to his sons • Dave Ramsey’s tips on determining when an employee deserves a raise • How Wes Henderson worked with his family to create two innovative bourbon brands 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 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! · 📈 Grab Sales Gravy's free resource to help you hire and lead better. · 📝 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 Andrele Leadership, where I take calls from leaders like you about what it takes to win at any stage of business and leadership. I'm Dave Ramsey,
0:22.2	your host with over 30 years of experience leading in the trenches, right alongside you.
0:27.3	If you got a question you want to ask on this show, you can fill out the form at
0:31.1	entreeleadership.com slash ask or give us a call at 844-944-1070.
0:38.9	That's 844-9-44-1070.
0:43.5	Dan is in Indiana.
0:45.4	Hi, Dan.
0:46.3	How can we help?
0:47.8	Good afternoon, Dave.
0:49.0	It's a pleasure to speak with you.
0:51.3	I feel like I know you a lot better than you know me,
0:56.8	but we've appreciated your practical advice through the years. Well, thank you. So I'm 67 years old, I'm an electrical
1:06.2	contractor since 1982. I bought an electrical business that I was working in with a business loan
1:13.4	at 18.2%. That was before I knew what business was. Worked in the field through the day,
1:21.6	and with the help of my wife, we operated the business side after hours from a folding table
1:26.1	in the basement of our home.
1:31.9	So we're currently a sub-S corporation since 1985.
1:35.2	We have a revenue of about 3.5.
1:39.3	We only end with an average of 15 to 20 percent net.
1:42.9	Appreciating the advice through the years.
1:46.5	We've been 20 years plus debt-free with our line of credit being untapped. Way to go, man. Look at you. You're a great American success story.
1:52.5	Congratulations. Well, thank you. Yeah, we've been, we've been blessed. Through the years prior to
	...

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