Is Partnering With My Uncle Going to Be a Problem?

EntreLeadership

Ramsey Network

Business, Management, Entrepreneurship

4.7 • 4.4K Ratings

🗓️ 25 February 2026

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today we’ll hear about: A nephew wondering how to convince his uncle to sell his portion of the business A businessman looking to wisely utilize debt in his business A small business that is dropping the ball with their customer service A business owner whose team regularly leaves him short-staffed Next Steps: 📞 Have a question for the show? Call 844-944-1070 or send us a message: https://ter.li/ask-us 🚢 Set Sail with Dave Ramsey! Book your cabin today: https://ter.li/s8xnyo 📚 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. 📈 Grab Sales Gravy’s free resource to help you hire and lead better. 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 Entree Leadership, where I take calls from leaders like you about what it takes to win at any stage of business and leadership.
0:20.5	I'm Dave Ramsey, your host with over 30 years of experience leading in the trenches right alongside you.
0:26.0	If you have a question you want to ask on the show, fill out the forum on entreleadership.com slash ask or call and leave a voicemail at 844-944-1070.
0:37.7	844-944-1070. 844-944-1070.
0:44.4	Lane is in Austin, Texas.
0:46.3	Hi, Lane.
0:46.7	How are you?
0:47.8	Doing great.
0:48.5	How are you, Dave?
0:49.1	Better than I deserve.
0:50.2	What's up?
0:51.5	Hey, Dave.
0:52.2	I just got a quick question about our family business.
0:55.0	I'm the general manager of our family-owned equipment rental company.
0:58.3	It's owned by my father and my uncle, and they've been a phenomenal job.
1:02.7	They're completely debt-free.
1:05.0	Our annual income is about 2.5 for 2024 with about 600,000 profit, and and about $2 million in 2025 with about $400,000 profit.
1:15.0	My father's starting his later phase of his secession plan, and as I'm his only son, the plan is to pass the business down to myself.
1:23.0	My question is, how do I know it's the right time to ask my uncle if he's ready to sell his half
1:28.7	of the business your dad is you're buying your dad's portion or are you are you being given it
1:38.7	no sir i'm being given it awesome very cool how old are you i am 34 how old is your dad my dad is 64 how old is your
1:50.1	uncle uh that's a great question i believe he is about 57 ah okay how is your relationship with
	...

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