We’re Going to Make $600,000 but Take Home Nothing

The EntreLeadership Podcast

Lampo Licensing, LLC.

Entrepreneurship, Business, Management

4.7 • 4.1K Ratings

🗓️ 20 January 2025

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today we’ll hear about: A chef wondering why his business doesn't make any profit Dave Ramsey reacting to Canada’s absurd capital gains tax on the sale of a business How creating a successful business requires more than products A former business owner looking to establish a healthy culture in a new role 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 Offers From Today's 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! 📝 Use code ENTRE15 to get 15% off your first year of Trainual. 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 Learn More About Your Ad Choices 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
0:16.4	leaders like you about what it takes to win at any stage of business and leadership.
0:22.2	I'm Dave Ramsey, your host, with over 30 years of experience in the trenches along with you.
0:27.8	I was making some of these decisions today.
0:30.3	That's what we do.
0:31.2	We run a business here.
0:33.0	And not as small as it used to be, but I love small business people, and we're here to help you
0:37.7	with your questions, your leadership, and we want to help you go to the next stage of business.
0:43.2	Because one of the beautiful things about small business is, if you work it right, it does get
0:47.6	easier. I promise, it'll get better. But you've got to work a system and you've got to work a plan
0:53.3	to get there. And we call it the five stages of business around here.
0:57.3	If you've got a question you want to ask on the show,
0:59.3	you can fill out the form at entrell leadership.com slash ask,
1:02.7	or you can call me at 844-944-1070.
1:07.3	That's 844-944-1070. Kevin is in Baltimore. Hi, Kevin. Welcome to the Ontario Leadership
1:14.7	Podcast. Thanks so much for having me. Dave. It's really an honor to talk to you. You too. What's up,
1:19.9	man? So I own a full-service catering company. I'm a chef. We do weddings, large corporate
1:27.0	events, and some government contracting.
1:29.6	This year, we're probably going to finish at about 600,000 in revenue. One full-time employee
1:36.3	plus myself, and I have about 12 to 15 independent contractors that help us execute our events.
1:44.6	My question for you is that it seems that when our events actually come around,
1:51.0	because we book them 8, 12, sometimes 18 months in advance,
	...

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