When Grandpa Dies, I Get the Business (Should I Wait?)

The EntreLeadership Podcast

Lampo Licensing, LLC.

Entrepreneurship, Business, Management

4.7 • 4.1K Ratings

🗓️ 26 May 2025

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today we’ll hear about: A grandson struggling to get his grandpa on board with his ideas A businesswoman looking for an insurance loophole to save money A woman concerned about the legacy of her business An owner seeking advice on where to keep his $100,000 emergency fund 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 🏆 To join the live Elite challenge: https://ter.li/esga8d 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, Rod Day calls from
0:15.9	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 leading in the trenches right
0:26.9	alongside you. If you want to submit a question, go to entreleadership.com slash ask,
0:32.4	or leave us a voicemail at 844-944-1070.
0:38.1	We'll make you a caller here on the show.
0:40.7	That's 844-944-1070.
0:45.9	James is in Scranton, Pennsylvania.
0:48.4	Hi, James.
0:49.0	How are you?
0:50.1	Good.
0:50.4	How are you, Dave?
0:51.3	Better than I deserve.
0:52.4	What's up?
0:53.6	So my question today is I'm trying to grow the business and opinions differ.
0:59.4	When do you decide when to stay or when to leave?
1:02.6	I'm the operations manager from my family's stone quarry business.
1:07.1	We have about 20 full 10 team members when we bring in about 4 to 5 million in revenue.
1:13.6	How old are you? 33. Okay. And who's still there? Your dad?
1:19.1	Grandfather actually kind of skipped the generation. My grandfather is 82. He still
1:24.3	still is involved. I do about 95% of the day-to-day decisions and decision-making.
1:30.3	He still comes to work, puts in about four or so hours every day.
	...

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