How to Use Profit to Promote a Healthy Culture

EntreLeadership

Ramsey Network

Entrepreneurship, Business, Management

4.7 • 4.4K Ratings

🗓️ 22 June 2026

⏱️ 17 minutes

🔗️ Recording | Apple Podcasts | RSS

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Summary

🎯 Figure out your business's next steps in a free consult call with an EntreLeadership® team member: https://ter.li/cjk4u0 If your team doesn’t understand how the business makes money, they’ll never feel connected to the mission. In this episode, you’ll learn how to introduce profit sharing the right way, communicate financial performance without creating confusion or entitlement, and build a culture where everybody wins together. Next Steps: · 💵 Create a profit-sharing plan with tips from this article: https://ter.li/cpivjm · 📞 Have a question for the show? Call 844-944-1070 or send us a message: https://ter.li/ask-us · ✉️ Become a better leader in six minutes a week. Get tactical tips sent to your inbox every Friday: https://ter.li/enl · 📌 Don’t wing it. Get a coach that helps you lead and grow with confidence: https://ter.li/eqlowqqk · 🏢 Attend EntreLeadership Summit: https://ter.li/Summit-Leadership · 🎤 Attend EntreLeadership Master Series: https://ter.li/masterseries-conference · 📖 Order Dave’s 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! Plus, in celebration of America's 250th anniversary, get started with BELAY for just $250 (regularly $995) through July 17. · Go to Christian Healthcare Ministries and use code ENTRE for a 50% credit toward your first month of membership. · Visit NetSuite today to learn more. Listen to More From Ramsey Network: 🎙️ The Ramsey Show 💸 The Ramsey Show Highlights 🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💰 George Kamel Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	I've always wanted to share our profits with our team, and I've done it a whole bunch of
0:10.5	different ways, and about the only thing I'm sure of is we're going to change it. We change it all
0:15.0	the time, but we're always going to be sharing. Now, I'm not into corporate gimmicks or handing out extra money just
0:22.4	because it's the end of the month. I've always believed that if you kill something and drag it
0:27.0	home, you should eat some of it. That's life and that's business. So if you show up, do the work,
0:31.7	create value, and serve customers, and there's something left over, then the people who helped make
0:37.1	that happen should also benefit from it.
0:40.2	Profit sharing is a way to say, we appreciate you.
0:44.3	Thanks for all your hard work.
0:46.2	You're one of the owners.
0:47.7	And we made the decision to talk about it openly as a company.
0:52.1	Nowadays, we do it every single month.
0:56.1	Because when your team understands how profits work, something powerful happens. They stop acting like employees and they start
1:02.7	thinking like owners. But the moment profit sharing becomes expected, entitled instead of earned,
1:10.5	it stops doing what it was meant to do. On today's
1:13.3	episode, Entree Leadership's head coach John Falcons is sitting down with Ramsey Solutions CFO,
1:18.9	Jeff Williams, to talk about how we share the profits with our team and how to do it in a way
1:24.9	that builds culture instead of entitlement.
1:28.8	Let's get to it.
1:30.7	Hey, Jeff, thanks for being here today.
1:32.3	Glad to be here.
1:32.9	Thanks for the invite.
	...

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