The EntreLeadership Podcast

Hidden Blockers That Will Keep Your Business from Growing

Jan 8, 2024

Leadership team alignment, debt management, LLC vs. S-Corp, determining business value, troubles with burnout and debt, benefits of being debt-free, structuring business entities, tax implications of LLC and S-Corp, methods of valuing a small business

59:56

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Quick takeaways

The role of the CEO in implementing changes and aligning the team's efforts is crucial for business growth.

Having a clear vision, seeking support from other leaders, and exploring ways to improve profitability can combat burnout and regain motivation as a business owner.

Deep dives

Importance of Implementing Changes in a Company

In a recent podcast episode, a listener discusses the challenge of implementing changes in a digital marketing company, where some leadership members are resistant. The host emphasizes the role of the CEO in running block for the listener and ensuring that the desired changes are implemented. The host provides an example from his own experience of aligning branding across multiple brands within his company. He emphasizes the importance of explaining the reasons behind the changes to the team and persuading them of the benefits. Ultimately, the listener is advised to have a conversation with the CEO to gain alignment and get clear marching orders to implement the desired changes.

Introduction

2min

Implementing Changes Despite Resistance

8min

Navigating Leadership Challenges and Creating a Healthy Work Environment

4min

Struggles with Burnout and Debt in a Third Generation Family Business

9min

The Importance of Being Debt-Free

7min

Structuring Business Entities and Revenue Streams

6min

Comparing Tax Implications of an S-Corp and an LLC

6min

Valuation of a Small Business

15min

Today we’ll hear about:

• What to do when your leadership team can’t get on the same page

• A business owner who hasn’t taken a salary in five years because they have so much debt

• The pros and cons of having your business as an LLC vs. an S-Corp

• Three steps to determine the true value of your business

Links mentioned in this episode:

• The EntreLeadership Podcast

• EntreLeadership Elite

• 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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