Is Your Business Safe From These Landmines?

The EntreLeadership Podcast

Lampo Licensing, LLC.

Entrepreneurship, Business, Management

4.7 • 4.1K Ratings

🗓️ 22 January 2024

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today we’ll hear about: • How to avoid convoluted family succession plans • The best way to increase profit when your business has plateaued • A business owner who doesn’t have a lease with her landlord (and it’s putting her business in danger) • The three primary things that will sabotage the growth of your business if you don’t pay attention Links mentioned in this episode: • The EntreLeadership Podcast • EntreLeadership Summit • Have a question for The EntreLeadership Podcast? Leave a voicemail at 844.944.1070 or submit your question for a chance to be on the show with Dave Ramsey: https://www.entreleadership.com/ask Start growing in business and leadership with the EntreLeadership Newsletter. Sign up to receive tactical tools, advice and resources in your inbox every week: https://bit.ly/3IRWnsL Support our sponsors: • NetSuite • BELAY • Payority • Trainual Learn more about EntreLeadership Events: • EntreLeadership Summit • EntreLeadership Master Series Learn more about EntreLeadership Coaching: • Elite • Advisory Groups • Executive Coaching • Workshops Find out what stage of business you’re in and what you can do to level up with our Stages of Business Assessment. Listen to all the Ramsey Network podcasts anytime, anywhere in our Ramsey Network app: https://apple.co/3eN8jNq Learn more about your ad choices: https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy: https://www.ramseysolutions.com/company/policies/privacy-policy

Transcript

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0:00.0	From the headquarters of Ramsey Solutions, this is the Entre Leadership Podcast,
0:14.6	where I take calls from leaders like you about what it takes to win at any stage of
0:21.1	business and leadership. I'm Dave Ramsey, your host with over 30 years of experience
0:25.6	leading in the trenches right alongside you. If you have a question you want to ask on the show,
0:31.2	fill out the form on Entree leadership.com slash ask or call and leave us a
0:36.2	voicemail at 844 944 1070. This is a show about small business for small business and by small business.
0:48.1	John is with us in Grand Rapids, Michigan.
0:50.3	Hey John, welcome to the Ontario Leadership Podcast.
0:54.0	Hey Dave, how are you?
0:55.0	Better than I deserve. What's up?
0:57.0	Good.
0:58.0	So I have a question.
1:00.0	I am currently the third generation in a residential construction company.
1:06.0	We do all four to five million dollars a year top line with 22 employees.
1:11.0	My aunt and my mom are the owners currently. My aunt is about the
1:16.6	CFO and my dad runs the business for the most part at the CEO. And my wife and I are trying to be more active in the business.
1:27.0	She's a designer with you in-house home designs and I am the project manager who runs all the jobs and hires the trade and everything like that.
1:37.0	So looking forward, my aunt wants to retire in about three to five years.
1:41.0	I had that conversation and my dad plans to retire in about 10.
1:45.0	I'm just trying to be looking forward and I started having meetings with my aunt and
1:51.5	my dad last year before my wife graduated from
1:54.3	college with their second degree and so we were talking about, you know, five-year plans and what things
	...

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