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The EntreLeadership Podcast

“I Love You Enough to Tell You the Truth”

The EntreLeadership Podcast

Lampo Licensing, LLC.

Entrepreneurship, Business, Management

4.74.1K Ratings

🗓️ 18 November 2024

⏱️ 60 minutes

🧾️ Download transcript

Summary

Today, we’ll hear about:  A son who doesn’t think he’s being treated fairly by his father  An owner struggling to get his business back on track after the pandemic  Founder of Sseko Designs; Liz Bohannon’s journey to creating a global fashion brand  A business owner looking for ways to incentivize his sales team to build stronger relationships with clients    Next Steps  📞 Have a question for the show? Call 844-944-1070 or send us a message: https://ter.li/ask-us  Speak with our team about the show: https://ter.li/q31gmx 📚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     Offers From Today's Sponsors  NetSuite: https://netsuite.com/Ramsey  BELAY: https://www.belaysolutions.com/entreleadership  Payority: https://www.payority.com/entreleadership  Trainual: https://trainual.com/entre  Found: https://found.com/entre    Listen to More From Ramsey Network  🎙️ The Ramsey Show    💸 The Ramsey Show Highlights  🧠 The Dr. John Delony Show  🍸 Smart Money Happy Hour  💡 The Rachel Cruze Show  💰 George Kamel  💼 The Ken Coleman Show    Learn More About Your Ad Choices   Ramsey Solutions Privacy Policy

Transcript

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0:00.0

Hey guys, it's producer Dave from the Entree Leadership podcast. We're always looking to make the show better, and that starts with hearing from you. If you're willing to spend 15 minutes sharing your thoughts with us, simply click the link in the show notes to sign up.

0:16.1

From the headquarters of Ramsey Solutions, this is the Entree Leadership podcast, where I take calls from leaders like you about what it takes to win at any stage of business and leadership.

0:32.8

I'm Dave Ramsey, your host with over 30 years of experience leading in the trenches right alongside you.

0:38.7

If you've got a question you want to ask on the show, well, fill out the form on

0:42.6

entreleadership.com slash ask or call and leave a voicemail at 844-944-1070. That's 844-9-4-1070. John is in Columbia, South Carolina. Hi, John. Welcome to the Entree podcast.

1:02.9

What's up? How you doing, Dave? Better than I deserve. How can I help?

1:08.8

Man, I kind of, it's kind of a long question.

1:12.2

Can I can, my main question is I feel stuck in my father's business. I'm 23 years old.

1:18.8

We got seven team members, including myself, and me and my wife about a year ago just opened

1:24.6

up our own small business. Can I kind of tell you the backstory and you

1:28.9

give, you shed some guidance on, you know, moving forward? Sure. So like I said, it's kind of a long

1:35.7

story, but anyways, I've been working for my father for two to three years now. The biggest thing

1:43.0

with it is part of my pay depends on how the store performs, even though I have no say-so on what the employees do or the day-to-day operations of the store.

1:55.6

I'm technically a project, the title on me is a project manager.

1:59.9

But my position at the store, I'm doing two to three people's jobs as a one-man show.

2:07.4

I've been doing it for the past two to three years.

2:09.4

And every conversation me and my father have had regarding this issue is that his payroll

2:15.6

is just too dang expensive.

2:20.5

And that, you know, if we had more work,

2:24.9

then he could hire somebody on to help me out. So I kind of feel overworked in that aspect, but kind of going back to the small business that me and my wife have started, that revenue is only,

2:30.5

I mean, we kind of got it out to the masses at the beginning of this year, and the revenue has only been about $40,000 this year.

2:36.2

I think it's pretty good for, you know, word to word to word, word to mouth.

...

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