I Want to Fire Her, but Then My Business Would Be Screwed

The EntreLeadership Podcast

Lampo Licensing, LLC.

Entrepreneurship, Business, Management

4.7 • 4.1K Ratings

🗓️ 24 February 2025

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today we’ll hear about: A business owner whose employee has sole access to the company’s accounts A man who left his business behind for his new wife in another state Dave Ramsey’s take on profit in a business A young business owner considering leaving his full-time job for a profitable side hustle 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 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! 📝 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.
0:27.7	Thank you. show notes. From the headquarters of Ramsey Solutions, this is the Entree Leadership podcast, where I take calls
0:33.3	from leaders like you about what it takes to win at any stage of business and leadership.
0:38.8	I'm Dave Ramsey, your host with over 30 years of experience leading right in the trenches
0:43.5	and ditches right alongside you.
0:45.9	If you want someone who has theories, you're in the wrong place.
0:49.6	I'm an actual pragmatist.
0:51.1	I do this stuff every day.
0:52.2	I'm the CEO of Ramsey Solutions today.
0:54.8	If you want to submit a question, go to the website at entreleadership.com slash ask or leave a
1:01.6	voicemail at 844-944-1070. That's 844-944-1070. Thanks for joining us, America. We're so glad you're here.
1:13.2	Emery is in Tampa, Florida. Hi, Emery. How are you? Good, Dave. How are you?
1:18.9	Better than I deserve. What's up? I'm in the home services industry. I'm the CFO. We have 200 people in
1:26.4	50 million, $50 million in revenue. My question is,
1:30.3	how can we transition our controller out of her role, given her 20 years of managing all the
1:36.0	cash and her deep process-level knowledge of the business? I joined a year ago, and I respect her
1:42.5	tenure. I've communicated that to her. However, over that year,
1:46.7	she's been unwilling or unable to transition from the cash accounting to accrual accounting,
1:52.6	and we've been forced to build our business processes around her. Recently, in the past three
1:59.2	months, we've started to raise the bar of what we're
	...

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