The Headaches of Leading Your Own Business

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Today, we hear from:
• A business owner wondering how much cash she needs to hire her first team member
• A solopreneur wanting to know how to reduce the taxes his business pays
• A son seeking advice on the succession plan for his dad’s business
• A framing contractor struggling with cash flow since he keeps getting paid late
Links mentioned in this episode:
• The EntreLeadership Podcast: bit.ly/TheEntreLeadershipPodcast
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Опубликовано:

7 авг 2024

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Комментарии : 30

@bestbudsourchannel4807 Год назад

I really enjoy Dave hosting this. He is so passionate about helping people run their businesses!

@margie909 Год назад

Yes!

@JustinKieferMarine Год назад

Only thing I wish they would change about this show is to have more shows more often. Gonna be a sad day when Dave goes into his well deserved retirement!

@scapegoat413 Год назад

100% agree. It’s not the same when it’s the other personalities… we need “Papa Dave”

@LyonsArcade Год назад

I don't think he'll ever retire. I think he'll slow down but he'll be hosting things like this show from time to time for the rest of his life, just my opinion, because he enjoys it, he's good at it, and he believes it is his calling.

@salehahmad9492 Год назад

@@LyonsArcade just about to say something similar but you’ve already said it 🫡

@sharonk.2006 Год назад

No retirement for Dave.

@auspilot6119 Год назад

Love seeing Dave in this show. You can tell when he’s on the normal Ramsey show that occasionally he’s a bit bored with the repetitive nature of the questions and answers, but with EL you can see the passion burning! Love it! Thanks from Sydney, Australia’s.

@leifnelson6249 Год назад

Love this new format! I just binged all of them and can't wait till the next one.

@RS-yg2fv Год назад

I'm loving Dave on this show. The perfect match. It's a great way for us to see more of the wisdom he's built over all these years

@LyonsArcade Год назад

Yeah this show is awesome, first of all we get pure Dave, and he's kind of trying to grow this part of the business so it reminds me of old school Dave from the early days of the radio show. Not that he's changed much, but you can tell he's excited and passionate about this. Also you get to hear stuff I have NEVER heard him talk about before because it just didn't come up. Great show!

@LyonsArcade Год назад

The thing about Framers saying i built that house, we noticed this building a garage. We'd worked with all kinds of construction workers and handymen and bricklayers, electricians, carpenters, etc.... but Framers are a completely different type of people. They take a lot of pride in their work and there's like a respect thing going on. They show up, they look like cowboys, they basically are saying "There is nothing here, and when we leave tonight there will be something here the entire neighborhood can see." Very interesting profession.

@RealGalaxyGamers Год назад

Dear EntreLeadership team, please do more clips. It is hard to watch these 40 min videos. But, I really like the 10 min ones.

@Spladoinkal Год назад

He does. The whole stream comes out first then he clips it a day or two later

@colleengarcia7752 6 месяцев назад

I love the longer program.

@alexandersims1613 Год назад

Arch multiplier is 3-4x salary (depending on role and roles at the company)

@d.bray1 Год назад

Thanks Dave, I really enjoy the show and information

@Die2self Год назад

This advice is amazing

@USMCAllTheWay Год назад

This gentleman should go out and work in the HVAC field and work with the installers and technicians to get a feel for what they do. He will gain knowledge and gain respect from his dad and the many people who work for him.

@mirianmwase6654 Год назад

Such a blessing!

@Treesurfer Год назад

Mr Ramsey, I know you probably will never run for political office but dang it we need you in Washington.

@getinthespace7715 Год назад

As an entry level engineer I was surprised that I was paid $25/hr +Benefits and my employer at the time billed us out at $200/hr. At my current job we are a Non-profit and employees are billed out at: wages +58% fringe Benefits + 60% Facilities and Admin $1000 wages = $2530 Billing. That's billing out at 2.5x just to break even. We aren't as efficient administratively as a private business.

@user-mm8vw1ow1x 11 месяцев назад

Taxes is just giving lunch money to bullies

@refroggy 8 месяцев назад

Can Dave talk about his assessment of balance sheets?

@mattwalter6207 Год назад

60% utilization is way too low for a worker bee. If they were doing business development or management maybe, but not a regular employee. They should be 80-90% utilized

@Kevin-wj4ed Год назад

What does your 1000 employees do? Thank you.

@han1218 Год назад

Probably working on all the products they have, which you can see on their website.

@hugojuicevalladares8713 3 месяца назад

Pool gut. Just have more clients pay cash and pay cash for expenses.

@user-fp8xc8lf3f 3 месяца назад

Dave talks endlessly about data and facts, but that 51% no income tax thing has been debunked 100 times over. The study just proved that 51% of households are at subsistence level. And subsistence level households pay plenty of income taxes.