Today we’ll hear about:•       The things to keep in mind when deciding if you’re going to sell your business•       The best formula to estimate the value of a business when buying one•       How a business owner’s salary may be putting the future of his business in jeopardy •       What to pay attention to when you have minimal profit margins and how to turn that aroundLinks mentioned in this episode:•       The EntreLeadership Podcast•       EntreLeadership Master Series•       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/askStart growing in business and leadership with the EntreLeadership Newsletter. Sign up to receive tactical tools, advice and resources in your inbox every week: https://bit.ly/3IRWnsL Support our sponsors:•       NetSuite•       BELAY•       PayorityLearn more about EntreLeadership Events:•       EntreLeadership Summit•       EntreLeadership Master SeriesLearn more about EntreLeadership Coaching:•       Elite•       Advisory Groups•       Executive Coaching•       WorkshopsListen to all the Ramsey Network podcasts anytime, anywhere in our Ramsey Network app: https://apple.co/3eN8jNqLearn more about your ad choices: https://www.megaphone.fm/adchoicesRamsey Solutions Privacy Policy: https://www.ramseysolutions.com/company/policies/privacy-policy

Today, we hear about:•       How to help your team members grow personally and professionally•       A caller who has a thriving debt-free business with over $3.6 million of equipment•       The six drivers of a truly successful business•       What to do when buying a company and the previous owner wants to continue working with the teamLinks 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/askStart growing in business and leadership with the EntreLeadership Newsletter. Sign up to receive tactical tools, advice and resources in your inbox every week: https://bit.ly/3IRWnsL Support our sponsors:•       NetSuite•       BELAY•       Payority•       StaplesLearn more about EntreLeadership Events:•       EntreLeadership Summit•       EntreLeadership Master SeriesLearn more about EntreLeadership Coaching:•       Elite•       Advisory Groups•       Executive Coaching•       WorkshopsListen to all the Ramsey Network podcasts anytime, anywhere in our Ramsey Network app: https://apple.co/3eN8jNqLearn more about your ad choices: https://www.megaphone.fm/adchoicesRamsey Solutions Privacy Policy: https://www.ramseysolutions.com/company/policies/privacy-policy

Today, we hear about:•       How to recognize if you’re the cap on your company’s earning potential and what to do about it•       Potential issues you need to watch out for when getting into business with venture capitalists•       The best ways to grow your business debt-free•       How to launch a new product line without having a negative impact on your current businessLinks mentioned in this episode:•       The EntreLeadership Podcast•       The Infinite Game by Simon Sinek•       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/askStart growing in business and leadership with the EntreLeadership Newsletter. Sign up to receive tactical tools, advice and resources in your inbox every week: https://bit.ly/3IRWnsL Support our sponsors:•       NetSuite•       BELAY•       Payority•       StaplesLearn more about EntreLeadership Events:•       EntreLeadership Summit•       EntreLeadership Master SeriesLearn more about EntreLeadership Coaching:•       Elite•       Advisory Groups•       Executive Coaching•       WorkshopsListen to all the Ramsey Network podcasts anytime, anywhere in our Ramsey Network app: https://apple.co/3eN8jNqLearn more about your ad choices: https://www.megaphone.fm/adchoicesRamsey Solutions Privacy Policy: https://www.ramseysolutions.com/company/policies/privacy-policy

Today, we’ll hear about:•       What it looks like to transition from treadmill operator to pathfinder•       Why it’s always worth investing in company culture•       How to expand a business when family owns the property being rented•       How to set boundaries for yourself on when to pull the plug on a business that isn’t profitableLinks 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/askStart growing in business and leadership with the EntreLeadership Newsletter. Sign up to receive tactical tools, advice and resources in your inbox every week: https://bit.ly/3IRWnsL Support our sponsors:•       NetSuite•       BELAY•       Payority•       StaplesLearn more about EntreLeadership Events:•       EntreLeadership Summit•       EntreLeadership Master SeriesLearn more about EntreLeadership Coaching:•       Elite•       Advisory Groups•       Executive Coaching•       WorkshopsListen to all the Ramsey Network podcasts anytime, anywhere in our Ramsey Network app: https://apple.co/3eN8jNqLearn more about your ad choices: https://www.megaphone.fm/adchoicesRamsey Solutions Privacy Policy: https://www.ramseysolutions.com/company/policies/privacy-policy

Today, we’ll hear about:•       How to coach an employee who needs to improve in their job performance•       The best way to pass your business to family without financially screwing them•       How to know when you should buy new or used equipment for your business•       What to do when family members work for you but are continually misbehaving Links mentioned in this episode:•       The EntreLeadership Podcast•       Necessary Endings by Dr. Henry Cloud•       EntreLeadership Elite•       Boundaries by Dr. Henry Cloud•       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/askStart growing in business and leadership with the EntreLeadership Newsletter. Sign up to receive tactical tools, advice and resources in your inbox every week: https://bit.ly/3IRWnsL Support our sponsors:•       NetSuite•       BELAY•       Payority•       StaplesLearn more about EntreLeadership Events:•       EntreLeadership Summit•       EntreLeadership Master SeriesLearn more about EntreLeadership Coaching:•       Elite•       Advisory Groups•       Executive Coaching•       WorkshopsListen to all the Ramsey Network podcasts anytime, anywhere in our Ramsey Network app: https://apple.co/3eN8jNqLearn more about your ad choices: https://www.megaphone.fm/adchoicesRamsey Solutions Privacy Policy: https://www.ramseysolutions.com/company/policies/privacy-policy

Today, we’ll hear about:•       A guy who can’t agree with his spouse on what his salary should be from their business•       How you should balance personal investing and paying off business debt•       What to do when you have a team member in a leadership position who doesn’t communicate well with the people they lead•       How The EntreLeadership Podcast has improved the business of a listener in California•       How to decide when it’s worth it to move locations to be in a high traffic area to increase walk-in clientsLinks 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/askStart growing in business and leadership with the EntreLeadership Newsletter. Sign up to receive tactical tools, advice and resources in your inbox every week: https://bit.ly/3IRWnsL Support our sponsors:•       NetSuite•       BELAY•       Payority•       StaplesLearn more about EntreLeadership Events:•       EntreLeadership Summit•       EntreLeadership Master SeriesLearn more about EntreLeadership Coaching:•       Elite•       Advisory Groups•       Executive Coaching•       WorkshopsListen to all the Ramsey Network podcasts anytime, anywhere in our Ramsey Network app: https://apple.co/3eN8jNqLearn more about your ad choices: https://www.megaphone.fm/adchoicesRamsey Solutions Privacy Policy: https://www.ramseysolutions.com/company/policies/privacy-policy

Today, we’ll hear about:•       The best way to transition leadership in family business•       Vic Keller’s tactics to his entrepreneurial success•       A caller with an enormous amount of risky business debt•       The questions you need to ask yourself when deciding between specializing or diversifying your business Links mentioned in this episode:•       The EntreLeadership Podcast•       Vic Keller’s website: https://vickeller.com•       Vic Keller’s Instagram: https://www.instagram.com/vickeller/•       EntreLeadership Elite•       The Advantage: Why Organizational Health Trumps Everything Else In Business by Patrick Lencioni•       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/askStart growing in business and leadership with the EntreLeadership Newsletter. Sign up to receive tactical tools, advice and resources in your inbox every week: https://bit.ly/3IRWnsL Support our sponsors:•       NetSuite•       BELAY•       Payority•       StaplesLearn more about EntreLeadership Events:•       EntreLeadership Summit•       EntreLeadership Master SeriesLearn more about EntreLeadership Coaching:•       Elite•       Advisory Groups•       Executive Coaching•       WorkshopsListen to all the Ramsey Network podcasts anytime, anywhere in our Ramsey Network app: https://apple.co/3eN8jNqLearn more about your ad choices: https://www.megaphone.fm/adchoicesRamsey Solutions Privacy Policy: https://www.ramseysolutions.com/company/policies/privacy-policy

Today, we’ll hear about:•       How to lead a business when you have no formal business training•       Why Gen Z isn’t the problem in today’s workforce•       What to do with a team member who’s great at what they do, but lacks people smarts•       Why offering equity of your company to non-owners is often disastrous•       How to not let a small number of difficult customers drain you emotionallyLinks mentioned in this episode:•       The EntreLeadership Podcast•       The Ideal Team Player by Patrick Lencioni•       Get your tickets for EntreLeadership Summit 2024•       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/askStart growing in business and leadership with the EntreLeadership Newsletter. Sign up to receive tactical tools, advice and resources in your inbox every week: https://bit.ly/3IRWnsLSupport our sponsors:•       NetSuite•       BELAY•       Payority•       StaplesLearn more about EntreLeadership Events:•       EntreLeadership Summit•       EntreLeadership Master SeriesLearn more about EntreLeadership Coaching:•       Elite•       Advisory Groups•       Executive Coaching•       WorkshopsListen to all the Ramsey Network podcasts anytime, anywhere in our Ramsey Network app: https://apple.co/3eN8jNqLearn more about your ad choices: https://www.megaphone.fm/adchoicesRamsey Solutions Privacy Policy: https://www.ramseysolutions.com/company/policies/privacy-policy

Today, we’ll hear about:•      How to uncover your core values with Dr. Jordan Peterson•      This could make or break your business with Dr. Jordan Peterson•      This caused Dr. Jordan Peterson to change his political thinking•      Dave Ramsey’s favorite rule from Dr. Peterson’s 12 Rules for LifeLinks mentioned in this episode:•      The EntreLeadership Podcast: https://bit.ly/TheEntreLeadershipPodcast•      There's No Such Thing as a Dragon by Jack Kent: https://bit.ly/42tB3A4•      12 Rules for Life by Jordan B. Peterson: https://bit.ly/42s2aeT•      Get access to the Summit 2023 livestream replays: https://bit.ly/43QZpFj•      Learn more and apply for an Advisory Group: https://bit.ly/3IWVFK7•      Get your tickets for EntreLeadership Summit 2024: https://bit.ly/3LRiZJH•      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/askStart growing in business and leadership with the EntreLeadership Newsletter. Sign up to receive tactical tools, advice and resources in your inbox every week: https://bit.ly/3IRWnsLSupport our sponsors:•      NetSuite: https://bit.ly/NetSuiteEntre•      BELAY: https://bit.ly/351P9AE•      Payority: https://bit.ly/3IaA5SK•      Staples: https://staplesbusinessadvantage.com/ramseyLearn more about EntreLeadership Events:•      EntreLeadership Summit: https://bit.ly/EntreLeadershipSummit•      EntreLeadership Master Series: https://bit.ly/EntreLeadershipMasterSeries Learn more about EntreLeadership Coaching:•      Elite: https://bit.ly/3tI2fN8•      Advisory Groups: https://bit.ly/EntreLeadershipAdvisoryGroups•      Executive Coaching: https://bit.ly/EntreLeadershipExecutiveCoaching•      Workshops: https://bit.ly/EntreLeadershipWorkshopsListen to all the Ramsey Network podcasts anytime, anywhere in our Ramsey Network app: https://apple.co/3eN8jNqLearn more about your ad choices: https://www.megaphone.fm/adchoicesRamsey Solutions Privacy Policy: https://www.ramseysolutions.com/company/policies/privacy-policy

Today, we’ll hear about:•      How to retain big talent without big money•      How A.I. can screw up your company•      Dave Ramsey’s method for screening potential hires•      A business owner who is scared of releasing control of her businessLinks mentioned in this episode:•      The EntreLeadership Podcast: https://bit.ly/TheEntreLeadershipPodcast•      Get your tickets for EntreLeadership Summit 2024: https://bit.ly/3LRiZJH•      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/askStart growing in business and leadership with the EntreLeadership Newsletter. Sign up to receive tactical tools, advice and resources in your inbox every week: https://bit.ly/3IRWnsLSupport our sponsors:•      NetSuite: https://bit.ly/NetSuiteEntre•      BELAY: https://bit.ly/351P9AE•      Payority: https://bit.ly/3IaA5SK•      Staples: https://staplesbusinessadvantage.com/ramseyLearn more about EntreLeadership Events:•      EntreLeadership Summit: https://bit.ly/EntreLeadershipSummit•      EntreLeadership Master Series: https://bit.ly/EntreLeadershipMasterSeries Learn more about EntreLeadership Coaching:•      Elite: https://bit.ly/3tI2fN8•      Advisory Groups: https://bit.ly/EntreLeadershipAdvisoryGroups•      Executive Coaching: https://bit.ly/EntreLeadershipExecutiveCoaching•      Workshops: https://bit.ly/EntreLeadershipWorkshopsListen to all the Ramsey Network podcasts anytime, anywhere in our Ramsey Network app: https://apple.co/3eN8jNqLearn more about your ad choices: https://www.megaphone.fm/adchoicesRamsey Solutions Privacy Policy: https://www.ramseysolutions.com/company/policies/privacy-policy