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The EntreLeadership Podcast

Is My Office Manager Really Worth $100,000?

The EntreLeadership Podcast

Lampo Licensing, LLC.

Entrepreneurship, Business, Management

4.74.1K Ratings

🗓️ 12 May 2025

⏱️ 41 minutes

🧾️ Download transcript

Summary

Today, we’ll hear about:  A business owner deciding on fair compensation for his office manager  A young leader who was promoted after a tragedy  A woman trying to get her branch managers aligned with the company mission  A business that gets 90% of its revenue from one customer     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  📃 Build your KRA for free: https://ter.li/ks4jnp    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!  📈 Get started with Sales Gravy’s free resource, The Small Business Owner’s Guide to Hiring Salespeople.  📝 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

Transcript

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0:00.0

From the headquarters of Ramsey Solutions, this is the Entree Leadership podcast, where I take calls from leaders like you about what it takes to win at any stage of business or leadership.

0:22.4

I'm Dave Ramsey, your host with over 30 years of experience leading in the trenches,

0:26.9

just like you guys. Matter of fact, I was there today.

0:30.2

Hey, if you want to submit a question, go to entrell leadership.com slash ask.

0:34.4

Leave your question. Our team will get with you and make you a caller.

0:37.3

Or you can go and leave us a

0:38.9

voicemail at 844-944-1070 that's 844-944-1070 Mike is in Las Vegas hey Mike welcome to the

0:51.0

Ramsey show hi Dave how you doing Better than I deserve. What's up?

0:55.4

I appreciate it. My name is Mike. I own and operate a landscape maintenance company in

1:00.5

2023. We did $2.3 million. In 2024, we also did $2.3 million.

1:07.1

I should mention that I live remotely away from my company, and one of my employees is do up.

1:12.7

She's an office manager, and she's due up for a pay raise. And she's asking a pretty steep amount of money

1:18.4

at about just a little under $100,000 a year plus another $10,000 benefits. And I would like to know your

1:25.3

opinion on someone that makes that type of salary in an office manager role, what would your expectations be for that person?

1:34.8

It sounds like she's running the business for you.

1:37.9

She runs the administrative office side. I am remote and I am involved daily with decision making and stuff like that.

1:44.1

And we have another gentleman who is involved with, he gets the work done.

1:48.0

He's the production manager and in charge of producing the work and managing the guys and things like that.

1:53.0

She handles the sales and marketing, well, less marketing, but sales and administrative.

1:58.4

Okay.

2:00.2

Well, the baseline for a comp plan is not what you want.

2:06.0

The baseline is what can I be replaced for?

...

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