Would Selling My $4.75 Million Business Be a Mistake?

The EntreLeadership Podcast

Lampo Licensing, LLC.

Entrepreneurship, Business, Management

4.7 • 4.1K Ratings

🗓️ 30 June 2025

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today we’ll hear about: • A young man considering if he should sell the family business • A business owner weighing the cost of hiring W-2 employees • A man dealing with the consequences of bad financial decisions • A woman wondering when it’s time to disclose the business’s revenue with her son 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 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 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 the Entree Leadership podcast, where I take calls from leaders like you about what it takes to win at any stage of business and leadership.
0:21.6	I'm Dave Ramsey, your host with over 30 years of experience leading in the trenches right
0:26.7	alongside you.
0:28.0	If you've got a question you want to ask on the show, fill out the form at entreleadership.com
0:32.6	slash ask, or you can give me a call, leave a voicemail.
0:36.1	We'll get in touch with you.
0:36.8	Make you a caller on the show.
0:38.3	The numbers, 844-944-1070, 844-944-1070. Dan is in New York City. Hi, Dan. How are you?
0:51.3	Hey, Dave, honor to speak with you and great seeing you at Entree Leadership Summit.
0:56.9	Thank you, brother. Good to have you. Good to have you. So how can we help today?
1:01.5	Yeah, so I am the co-owner of our family restaurant cleaning business that currently generates
1:09.9	$4.75 million in annual revenue and employees
1:14.0	about 80 cleaners. My dad who started the company is 65 and ready to retire. I'm 26 and have been
1:23.6	working with him since 2017. Recently, a large competitor has made us an offer to acquire our business, which frankly is more money than either of us have ever seen.
1:34.5	And they're also offering me a leadership role to run their New York City operations.
1:40.1	My question is, should we take the deal and sell?
1:47.9	Or should I keep building on the foundation my dad started?
1:51.7	Okay.
1:53.6	You're 26.
1:55.4	Correct.
2:06.4	Sometimes one of the decision-making formulas I use is I get out of the moment and I extrapolate out decades and say, when I'm there, which of these decisions will I be happy with? When you're 56,
2:13.9	and you will get a portion of this money or your dad is taking it all?
	...

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