Why Every Business Needs a Budget with Dave Ramsey

The EntreLeadership Podcast

Lampo Licensing, LLC.

Entrepreneurship, Business, Management

4.7 • 4.1K Ratings

🗓️ 9 August 2021

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Cash flow is the gasoline in any small-business’s engine. And sure, we all know it’s important to manage your money—but some business owners believe that only means looking at the profit and loss statement once a month. While this financial strategy is better than having no strategy, it can lead to problems—and there’s a better way. The answer? A budget for your business. In this episode of The EntreLeadership Podcast, we sit down with Dave Ramsey, the CEO and founder of Ramsey Solutions. He talks about why having a budget for your business is so important. Then George Kamel chats with Ramsey Solutions Senior Executive Director of Finance Jeff Williams. Jeff lays out a step-by-step process you can use to start budgeting for your business. Take The EntreLeadership Podcast Audience Survey The EntreLeadership Podcast Dave Ramsey's website Learn more about EntreLeadership business coaching. How to Calculate Retained Earnings by Ramsey Solutions Download The 6 Financial Reports That Can Save Your Company. Schedule a call with Tim, our producer. Learn more about the offers from our EntreLeadership Partners: BELAY | Gravy | Hite Digital

Transcript

Click on a timestamp to play from that location

0:00.0	If you want to survive in business, you gotta make money.
0:12.3	But tracking every dollar can be an afterthought.
0:15.2	You didn't start a business to live in spreadsheets and crunch numbers, but you need more than
0:19.0	a profit and loss statement to get your business to where it needs to go.
0:23.0	From the Ramsey Network, this is the Entrez Leadership Podcast, where we help business leaders
0:27.0	grow themselves, their teams, and their profits.
0:29.8	I'm your host, George Campbell, and in today's episode, we're talking about budgeting for
0:33.6	your business, which connects to our business driver of profit.
0:37.2	Our first guest is Dave Ramsey.
0:39.1	He's the CEO of Ramsey Solutions and a number one national best-selling author of the book
0:43.6	Entrez Leadership.
0:45.0	He's also a personal finance expert and host of the Ramsey Show.
0:48.4	And since 1992, Dave has used his business to help people take control of their money,
0:52.6	build wealth, and better their lives.
0:54.9	I sat down with Dave to talk about why a budget is essential to your business.
0:59.2	In our second conversation, I talked to Ramsey leader Jeff Williams.
1:02.8	He's our senior executive director of finance, and we talk about how to actually make that
1:07.1	budget and the do's and don'ts when putting it together.
1:09.9	Up first, we've got my conversation with Dave around why you need a budget for your business
1:14.1	in the first place.
1:15.9	Dave, I did a little research, not a lot from you on budgeting out there.
1:21.3	Not a lot of content.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Lampo Licensing, LLC., and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Lampo Licensing, LLC. and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.