Financial Problems Small Business Owners Must Navigate

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Financial Problems Small Business Owners Must Navigate
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 that 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 clients
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Опубликовано:

10 сен 2024

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Комментарии : 44

@Erikkurilla01 Год назад

Finance and Business books have been so helpful. I’m 55 and my wife 50 we are both retired with over $3 million in net worth and no debts. Currently living smart and frugal with our money. No longer putting blames on FED for our misfortunes. Saving and investing lifestyle in the stock market made it possible for us this early, even till now we earn weekly.

@jessicasquire Год назад

You have done great for yourselves. I understand the fact that tomorrow isn't promised to anyone, but investing today is a hard thing to do for me now because I have no idea of how and where to invest in. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.

@Lemariecooper Год назад

That is so amazing, I’m trying to get onto the housing ladder at 40. I wish at 55 I will be testifying to similar success.

@Lemariecooper Год назад

Heard many good recommendations about Stephanie Kopp Meeks by some YT channels, Seminars and other platforms

@jessicasquire Год назад

Thanks so much I was able to find her page and I already leave her a message.

@patrickbrussels4454 Год назад

The quickest way to make your first millions is to invest directly with an expert that is trustworthy and has made a name and individual billionaires, I'm surprised you know her too . Stephanie is Good!

@bethanyboothe4817 Год назад

I love that Dave has over 1,000 employees but is still genuinely impressed with the guy who has 5 employees. People say Dave is arrogant, but it’s moments like that that show how humble he actually is.

@SigmaDG Год назад

You never forget what it takes to get where your at if you start from zero or below.

@magicmanticore3536 Год назад

Plus he seemed like he did good numbers for that number of employees

@marcuscorrigan2008 Год назад

Real advise, no bull. I really appreciate the constructive information. Being a business owner in Australia 🇦🇺, employing 15 trade & professional persions. Not comming from money / professional background, the general information around managing personnel, becoming a custodian on the income / profit and building stability & overall wealth is invaluable. Thank you Dave and your team for all the real content on RU-vid vs the bull we are being feed. Please continue your good work.

@joelalm3645 Год назад

4 aces again Dave. Keep on helping others with good old common sense

@shrimuyopa8117 Год назад

You are doing great work, thanks Dave!

@katiegrieco8395 Год назад

Yes! Don’t be on our phones! Great quote! our wives need our attention when we get home!

@alisonhoyte7608 Год назад

Really sound advice given

@dallasisbetter3241 11 месяцев назад

Gotta make sure you spend time with the kiddo. I’d say not triple the salary, double it. Remember, the wife can argue for a certain quality of life (proportional to what what she’s been experiencing) if she leaves you, especially as a stay at home mom. If she spends most of the time with the kid she will get the kid and if you spend most of the time as the provider the judge will make that permanent.. the courts don’t show favoritism, they keep the natural order that the family has established

@anyanwuChinaecherem Год назад

I lost over $60K when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I find one source to recover my money, at least $9k profits weekly. Thanks so much Mrs Gretchen Dougherty

@ASHLEYAna-zc3dx Год назад

Wow, amazing to see others trading with Ms,Gretchen Dougherty, I am currently on my 5th trade with her and my portfolio has grown tremendously.

@NgoloKante-jq2we Год назад

l also invest with mrs Gretchen Dougherty, she charges a 20% commission on the profit made after each trading session, which is fair compared to the effort she put in to make huge profits.

@SinghZahid Год назад

This is not the first time I am hearing of Mrs.Gretchen Dougherty and her exploits in the trading world but I have no idea how to reach her..

@AnarIchard-co5yz Год назад

She is really great at what she does with amazing skills, she changed my 0.1BTC to 2.1BTC within two weeks of trading, I am now fully confident that she is reliable.

@anyanwuChinaecherem Год назад

she's available on

@DarksidePride 7 месяцев назад

Sounds like good ol JR

@Nick-gk6hj Год назад

Naah, you give in a bit, she'll keep pushing for more. Either she gets the point, or find one who does.

@chriswebb4797 Год назад

At least Dave allowed the flooring guy to give his local expertise. Dave is not a flooring guy, he doesn't know the business.

@RobWilliams007 Год назад

Why is this guy paying himself as a W2 employee????? Highest taxed way to pay himself.

@plantingseedstv5138 Год назад

Because his business is probably an S Corp . Good tax saving strategy

@RobWilliams007 Год назад

@@plantingseedstv5138 he said he gets taxed as a W2 employee. Wouldn’t it make more sense to have a lower income and let the business buy a lot of things like cars, etc. I’m really asking because I’m not an accountant. But I believe that is how most entrepreneurs do it.

@thomaseidson6374 Год назад

This all depends. Likely he is the owner of an "S" corp (which is simply a tax designation with the IRS) and works within his own company. If the owner works directly within the company and does not pay themselves a "reasonable salary" based on the type of work and position, this is a red flag for the IRS and can trigger an audit over and over. Also, as an S-corp, any profit at the end of year is counted and taxed as personal income to the owner. I know this personally as I am the 100% owner of an S-corp. The absolute worst is the estimated quarterly taxes required by the IRS where the owner of the company pays taxes on money not even made yet.

@thomaseidson6374 Год назад

@@plantingseedstv5138 you actually barely save any taxes, maybe some payroll taxes, but at the end of the day any profit is taxes by the IRS as personal income so it really does not save much on taxes unfortunately. I am acutely aware of this as I own 100% of my company which is an S-corp

@RobWilliams007 Год назад

@@thomaseidson6374 thanks for the explanation.

@joeriveracomedy Год назад

Stay at home wife and money issues? Never heard that one before.

@reggiejenkins6458 Год назад

Real men don’t pimp their women out so they can go earn money for the man to live off of. Like Dave always recommends.

@joeriveracomedy Год назад

@@reggiejenkins6458 listen to the call and hundreds of others. A wife who won't work can keep her mouth shut about finances or get off her lazy tail and make her own money.

@teeeteee000 Год назад

@@joeriveracomedy😂 sounds about right.

@shrimuyopa8117 Год назад

@@joeriveracomedyIf she is doing a great job at home, she gets a say in everything. Great job at home means; raising the children well, house is clean, well organized, and homemade food is on the table. That type of woman is priceless and should be given the utmost respect. Only an absolute retard would tell a woman like that to go get a job.

@rodneyperry7940 Год назад

Pay yourself $650000 and pay a good manager $100000 to free up time with your wife.

@frenchyalicea649 6 месяцев назад

I dont understand what the issue is on the 1st caller. If the wage he's taking is good and hes willing to take a lil more to male things more comfortable, whats the issue and why is the wife arguing over take home pay? Sounds a lil suss, she should also be happy with the fact that the business is growing and be a rock along with him as opposed to complaining hes not taking more $. Could also sound like she wants hus income to increase so she can leave his ass and get a higher support/alimony amount. Id say consult an attorney and protect yourself bud!