How to Grow Retained Earnings

"I don't have six months of operating expenses and retained earnings now," he says. "That would be hundreds of millions dollars, right? I don't have that." He takes out a percentage of net profits each month and adds the retained earnings to his salary. And anything past that that's a profit, he is taking it home in addition to his Salary.

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Today, we’ll hear from:

• A business owner struggling to get one of his leaders to delegate

• A business owner wanting to know next steps to level up her business’s revenue

• An Instagram follower asking how to scale a business without capital

• A business owner wondering if he should pay himself more or reinvest in the business

• A business owner wanting advice on if he should buy new or used equipment for his business

Links mentioned in this episode:

• The EntreLeadership Podcast: https://bit.ly/TheEntreLeadershipPodcast

• Register for the EntreLeadership Summit livestream: https://bit.ly/3wQcBfg

• Delegation Quick Read by Dave Ramsey: https://bit.ly/3UAKpYw

• Learn more about the DISC assessment: https://bit.ly/3yvkiIA

• Start your free trial of EntreLeadership Elite: https://bit.ly/3tI2fN8

• Learn more about EntreLeadership’s Stages of Business: http://bit.ly/3yvdavv

• Have a question for The EntreLeadership Podcast? Leave a voicemail at 844.944.1070 or submit your question for a chance to be on the show with Dave Ramsey: https://www.entreleadership.com/ask

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