The EntreLeadership Podcast The Best Calls of 2025
Dec 29, 2025
In this conversation, Matt, a remodeling business owner from Lansing, Michigan, seeks advice on overcoming a staggering $260,000 debt. Dave Ramsey guides him through prioritizing cash flow and managing vendor payments while emphasizing strategic job costing. The discussion also touches on the importance of reframing profit sharing as a discretionary bonus instead of an entitlement. Additionally, advice is shared about transitioning ownership within a family business, ensuring a smooth succession process.
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Treat Jobs As Separate Profit Centers
- Stop using deposits to float the business and treat each job as its own P&L.
- Keep job funds on the job until completion and only move surplus to general funds.
Choose Quick, High-Margin Work
- Prioritize completing short, high-margin micro-projects to generate immediate cash.
- Use that cash first for payroll and truck payments, then vendors, and treat bank debt last.
Work Payment Plans With Vendors
- Negotiate payment plans with vendors to avoid liens and buy time to finish jobs.
- Prioritize vendor relationships that keep projects moving even if you pay them partial amounts first.