How to Pay Your People and Survive a Down Economy

The EntreLeadership Podcast

Lampo Licensing, LLC.

Entrepreneurship, Business, Management

4.7 • 4.1K Ratings

🗓️ 30 October 2023

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Today we’ll hear about: • A business owner trying to honor her mother’s legacy without going into debt • How to establish annual bonuses and avoid entitlement from your team • What to do when your staff deserves a raise but you can’t afford it • Why the best thing you could do for your business is to eliminate debt 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 • Trainual Learn more about EntreLeadership Events: • EntreLeadership Summit • EntreLeadership Master Series Learn more about EntreLeadership Coaching: • Elite • Advisory Groups • Executive Coaching • Workshops Find out what stage of business you’re in with our new Stages of Business Assessment 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 Entree Leadership Podcast where
0:16.0	I take calls from leaders like you about what it takes to win at any stage of business
0:23.2	and leadership.
0:24.2	I'm Dave Ramsey your host with over 30 years of experience from the trenches.
0:29.5	Yeah, no theory around here, this is the stuff we really do, practical advice, and we'll
0:34.0	take your calls.
0:35.0	The phone number, if you want to be on the show, is 844-944-1070, 844-944-1070.
0:42.8	And you can also go to EntreeLeadership.com, slash ask.
0:46.8	Our team will get with you and line up the time to get you on the call and we'll make
0:51.0	you a part of this podcast.
0:52.6	Beth did that.
0:53.6	She's in Springfield, Illinois.
0:54.6	Hi, Beth.
0:55.6	Thanks, Mr. Ramsey.
0:56.6	Thank you so much.
0:58.1	I have a healthcare business, our revenue from last year was $6 million.
1:03.2	Cool.
1:04.2	Good for you.
1:05.2	And we have 100 employees.
1:06.6	Wow.
1:07.6	So my question is that my dad is working on his estate plan with the goal dividing it
1:14.7	equally between me and my siblings.
	...

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