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The EntreLeadership Podcast

How Should I Split My $3.5 Million Company?

The EntreLeadership Podcast

Ramsey Network

Entrepreneurship, Business, Management

4.74.1K Ratings

🗓️ 13 October 2025

⏱️ 52 minutes

🧾️ Download transcript

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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