We’re Getting Screwed by Our Business Partner

The EntreLeadership Podcast

Lampo Licensing, LLC.

Entrepreneurship, Business, Management

4.7 • 4.1K Ratings

🗓️ 2 September 2024

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today we’ll hear about: A business owner whose partner does no work but wants the profit A man trying to decide if offering financing would be immoral The three signs your business is growing too fast A man trying to get his father to listen to his business ideas Next Steps 📞 Have a question for the show? Call 844-944-1070 or send us a message: https://ter.li/askus 👣 Find out what stage of business you’re in: https://ter.li/axd39b ✉️ Sign up to receive tactical tools, advice and resources in your inbox every week: https://ter.li/y8qdo7 🏢 Attend EntreLeadership Summit: https://ter.li/fcazl2 🎤 Attend EntreLeadership Master Series: https://ter.li/wcjhpu ☎️ Learn more about EntreLeadership Coaching: https://ter.li/ycznhl 💵 Learn more about SmartDollar: https://ter.li/4imot0 Offers From Today's Sponsors NetSuite: https://netsuite.com/Ramsey BELAY: https://www.belaysolutions.com/entreleadership Payority: https://www.payority.com/entreleadership Trainual: https://trainual.com/entre Found: https://found.com/entre Listen to More From Ramsey Network 🎙️ The Ramsey Show 💸 The Ramsey Show Highlights 🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💰 George Kamel 💼 The Ken Coleman Show Ramsey Solutions Privacy Policy

Transcript

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0:00.0	From the This is the Entre Leadership Podcast, where I take calls from leaders like you about what it takes to win at any stage of business.
0:20.0	I'm Dave Ramsey, your host, with over 30 years of business. I'm Dave Ramsey, your host with over 30 years of experience leading in the trenches
0:26.9	right alongside people just like you. If you want to talk about small business and
0:31.5	talk about leadership, you found the place.
0:34.4	About somebody who actually does it.
0:37.1	This is not a theory place.
0:38.8	This is a doing place.
0:40.8	So we're here to help you. If you want to participate, give me a call at 844 944 1070 with your question. 844 944.70.
0:54.1	Or you can leave your question at the website, and we'll get back to you and set you up to be on the show.
0:58.4	Entree Leadership.com slash ask.
1:05.5	Joshua is in Vancouver. Hi Joshua, welcome to the podcast.
1:07.4	What's up?
1:09.5	Hey, thank you for having me.
1:11.6	Yeah, Joshua, I'm in the tourism business in Vancouver and yeah I've just
1:16.8	got a bit of a dilemma with a business partner I was hoping you can maybe help me with.
1:20.5	I'll try.
1:21.5	Tell me about it.
1:23.0	So we started our business back in 2018, just a handshake agreement because we were young
1:29.5	and didn't really know what we were doing as me and my brother and a friend of ours during the
1:34.3	pandemic in the tourism industry kind of decimated our business and so our
1:39.2	business partner decided to leave the business he said't, you know, enjoy working with me and my brother like he thought he had and he said he wanted he wanted out. At that time, you know, our business was really worth nothing and so we didn't really think much of it until my brother and I started working in the
1:56.0	business again and building it up. Last year our revenue was about $800,000 and
	...

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