How to Accurately Forecast Business Growth

The EntreLeadership Podcast

Lampo Licensing, LLC.

Entrepreneurship, Business, Management

4.7 • 4.1K Ratings

🗓️ 17 March 2025

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today we’ll hear about: A business owner wondering how to predict future revenue A woman seeking advice after not paying herself for two years Dave Ramsey’s advice on how to kill the five enemies of team unity How bad hires cause stress for business leaders Next Steps 📞 Have a question for the show? Call 844-944-1070 or send us a message: https://ter.li/ask-us 📚 Learn about the EntreLeadership System: https://ter.li/system-p 💻 Get EntreLeadership Elite for your business: https://ter.li/elite-p ✉️ Sign up to receive tactical tools, advice and resources in your inbox every week: https://ter.li/enl 🏢 Attend EntreLeadership Summit: https://ter.li/summit 🎤 Attend EntreLeadership Master Series: https://ter.li/masterseries 📖 Preorder Dave’s new book, Build A Business You Love: https://ter.li/4zfr52 📄 The 5 Habits That Kill Team Unity: https://ter.li/uz9pkt Offers From Today's Sponsors 💼 Go to Belay Solutions or text ENTRE to 55123 for their free resource! 💻 Visit NetSuite today to learn more. 🧾 Visit Payority for a free consultation! 📈 Get started with Sales Gravy’s free resource, “The Small Business Owners Guide to Hiring Sales People” 📝 Use code ENTRE15 to get 15% off your first year of Trainual. Listen to More From Ramsey Network 🪑 Front Row Seat with Ken Coleman 🎙️ The Ramsey Show 💸 The Ramsey Show Highlights 🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💰 George Kamel Learn More About Your Ad Choices Ramsey Solutions Privacy Policy

Transcript

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0:00.0	Hey, business owners, today is the day to pre-order our new book, Build a Business You Love.
0:06.4	Reserve your copy from the Ramsey store and get more than $350 in bonuses for free.
0:13.1	Go to Entreeleadership.com slash build or click the link in the show notes.
0:27.3	Thank you. show notes. From the headquarters of Ramsey Solutions, this is the Andre leadership podcast, where I take calls
0:34.0	from leaders like you about what it takes to win at any stage of business and leadership.
0:39.3	I'm Dave Ramsey, your host with over 30 years of experience leading in the trenches right alongside
0:45.1	folks like you. If you want to submit a question, well, you go to entreleadership.com slash ask
0:50.7	or leave us a voicemail at 844-944-1070 that's 844-944-1070.
1:01.5	Jacob is with us in Idaho. Hi, Jacob. Hi, Dave. Thanks for having me. Sure. I'm I'm the
1:08.4	owner, CEO of a materials testing and inspection firm started it back in 2016.
1:17.4	And this year, we have just over 20 employees, and we're on track to end up right at $4 million.
1:25.5	Good for you.
1:26.3	Well done.
1:27.4	With a 25% bottom line on that, which is awesome.
1:30.7	Wow, that's amazing.
1:31.9	Good for you.
1:33.0	My question is, how do we more accurately plan and forecast for the upcoming season and year?
1:44.1	Well, I mean, I think it's obvious that generally forecasting is based on the last few years as a trend line, right?
1:52.8	And so if we go back, you know, what did you do in 2020, 2021, 2021, 2020 might be weird.
2:02.8	But, I mean, what's your trend line on that?
2:07.1	And what information can you gather from that that informs this year, right?
2:12.5	And so we're always doing that.
	...

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