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EntreLeadership

You’re Not Crazy . . . Running a Business Is Getting More Expensive

EntreLeadership

Ramsey Network

Entrepreneurship, Business, Management

4.74.4K Ratings

🗓️ 19 June 2026

⏱️ 12 minutes

🧾️ Download transcript

Summary

Everything costs more right now—and small business owners are feeling squeezed from every direction.  In this episode, you’ll learn how to respond to rising costs without making fear-based decisions that hurt your team, damage your reputation, or put your business at risk.   Next Steps: ·     🎯 Figure out your business's next steps in a free consult call with an EntreLeadership® team member: ⁠https://ter.li/cjk4u0⁠ ·       🎥 Watch our video The 4-Part Framework to Creating a Bulletproof Business: https://www.youtube.com/watch?v=YtP4QtEV3S4 ·      📈 Make a plan to increase your profits with the EntreLeader's Guide to Business Finances: https://ter.li/1m79gr ·      📞 Have a question for the show? Call 844-944-1070 or send us a message: https://ter.li/ask-us ·      ✉️ Become a better leader in six minutes a week. Get tactical tips sent to your inbox every Friday: https://ter.li/enl ·      📌 Don’t wing it. Get a coach that helps you lead and grow with confidence: https://ter.li/eqlowqqk ·      🏢 Attend EntreLeadership Summit: https://ter.li/Summit-Leadership ·      🎤 Attend EntreLeadership Master Series: https://ter.li/masterseries-conference ·      📖 Order Dave’s 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! ·       Go to Christian Healthcare Ministries and use code ENTRE for a 50% credit toward your first month of membership. ·      Visit NetSuite today to learn more.   Listen to More From Ramsey Network: 🎙️ The Ramsey Show 💸 The Ramsey Show Highlights 🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💰 George Kamel   Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

If it feels like everything in your business has gotten more expensive, well, you're

0:09.0

right.

0:10.0

Right now, 77% of small and mid-sized businesses are experiencing higher costs.

0:18.0

Almost everyone's feeling it, even us.

0:20.0

And yes, that's a problem. But what's the bigger problem? Well, most

0:23.8

business owners are dealing with it the wrong way. They're not leading, they're reacting. They're

0:29.0

making hasty decisions, emotional decisions, fear-based decisions. And when you let fear run your

0:34.4

business, here's what happens. You take a problem like higher costs and you

0:38.6

turn it into a full-blown crisis. That's why here at Ramsey Solutions, we don't make decisions

0:43.8

based on fear. In fact, fear not is one of the core values we plastered all over the place

0:50.5

because wise leaders don't panic, they pivot. You don't want to be like most leaders.

0:56.0

You want to be a wise one. Today, Entree Leadership's head coach John Falcons is going to show you

1:00.9

how to handle the problem of rising costs the right way. You'll learn three things you should

1:07.3

stop doing and start doing to weather this storm and keep your business on track.

1:13.6

Thanks Dave. Okay, let's start by facing some obvious but brutal facts.

1:18.6

You're running a business and an economy where everything costs more.

1:22.6

Your cost of goods, your utilities, your materials, your fuel, insurance, everything is more expensive

1:29.8

than it used to be. I mean, how many people had war with Iran on their bingo card for this year?

1:35.7

Meanwhile, your customers are getting squeezed too. So now you're running a business that costs more

1:40.6

to run and customers who are scared to spend. And this isn't just a financial problem.

1:46.2

It turns into an emotional problem. You've got a team of people counting on you. They have families,

1:52.4

they have mouths to feed. Almost every business owner I talk with is asking themselves tough

...

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