Our Business Growth Is Creating a Major Problem

The EntreLeadership Podcast

Lampo Licensing, LLC.

Entrepreneurship, Business, Management

4.7 • 4.1K Ratings

🗓️ 17 February 2025

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today we’ll hear about: A business owner who’s concerned about outgrowing his current space A man looking for advice on structuring a partnership The reason why Dave Ramsey believes the customer isn’t always right A CEO looking to attract new customers 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. 📖 Build A Business You Love Pre-order: https://ter.li/4zfr52 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 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, 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.
0:27.5	Thank you. show notes. From the headquarters of Ramsey Solutions, this is the Entree 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.
0:40.1	I'm Dave Ramsey, your host, with over 30 years of experience leading in the trenches right
0:44.4	alongside you. If you want to submit a question, email us at entreleadership.com slash ask,
0:52.5	and just go to that portion of the website rather and we can of course get you signed up
0:57.2	there you can leave us a voicemail at 844-944-1070 that's 844-944 1070 Mike's with us in
1:09.4	Dallas Texas hey Mike welcome to the Entry Leadership Podcast.
1:14.1	Hey, Dave. It's a pleasure to meet with you or speak with you today. You too, sir. What's up?
1:19.0	Well, I own a commercial Christmas decor business that leases those big mega Christmas trees and all the big decor that goes with it.
1:26.4	And we do the big airports and
1:27.8	casinos hospitals town centers you probably seen a lot of that stuff but uh we have five full-time
1:34.3	employees and we ramp it up to about 50 during the holidays uh last year we did 1.3 in revenue and
1:40.5	this year we're on track for about 1.8 and we currently have no debt on the business but what
1:47.4	we do have is very little space and we are busting at the scene because when all that stuff comes down
1:53.9	we have to store it we're running out of space we currently lease three different warehouses but it's
1:58.6	really inefficient because of the locations.
2:02.1	And we're wanting to build our own, but we don't want to go in debt to do it, and we're
2:06.5	kind of looking for a little guidance on that aspect. Okay. Well, here's the thing. The business profitable you're also considering going into the real estate business
2:23.5	for no apparent reason it's not necessary to run your business that you own the land it's just always
	...

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