How to Do More Than Just Break Even in Business

The EntreLeadership Podcast

Lampo Licensing, LLC.

Entrepreneurship, Business, Management

4.7 • 4.1K Ratings

🗓️ 7 August 2023

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today we’ll hear about: • The things to keep in mind when deciding if you’re going to sell your business • The best formula to estimate the value of a business when buying one • How a business owner’s salary may be putting the future of his business in jeopardy • What to pay attention to when you have minimal profit margins and how to turn that around Links mentioned in this episode: • The EntreLeadership Podcast • EntreLeadership Master Series • 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 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
0:16.3	I take calls from leaders like you about what it takes to win at any stage of business
0:22.8	and leadership.
0:23.8	I'm Dave Ramsey your host, I've got over 30 years experience actually doing this stuff
0:27.9	in the trenches, this is not theory for me, I've done it all day long today before
0:32.8	I sat down in front of this microphone.
0:34.8	So we're glad you're here, thanks for being with us, regardless of your stage of business,
0:38.4	regardless of what you're doing, we're here to help you and this is a practitioner.
0:43.1	We don't do theory around here, we can discuss theory but we actually make payroll and
0:49.0	we actually have cash flow and we actually have all the things that you're trying to do
0:53.0	when you're running a business.
0:54.4	We have all the problems, the drama, the hyperbole, the whole bit and we're here to help.
0:59.0	If you want to participate in this show, it is call in these days, that's what we're
1:02.8	doing, most of our stuff is call in anyway, call and leave a voice mail, we'll set you
1:06.8	up to be a caller on the show, 8449441070, 8449441070, leave a voice mail or you can
1:17.8	go to the website and leave a little bit about your question, we'll get back to you
1:20.6	and set the call up.
1:21.6	I don't tell you what to say, we'll just tell you when we're going to call you and be ready.
1:25.4	There you go.
1:26.4	EntryLeadership.com slash ask is the website, thanks for joining us, EntryLeadership.com slash
1:33.8	ask.
1:35.2	Crystal's going to start today off in Richmond, Virginia, hi Crystal, welcome to the Entry
	...

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