Should I Leverage Debt to Speed My Business Growth?

The EntreLeadership Podcast

Lampo Licensing, LLC.

Entrepreneurship, Business, Management

4.7 • 4.1K Ratings

🗓️ 21 April 2025

⏱️ 61 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today we’ll hear about: An owner looking to leverage debt to rapidly expand his business A businesswoman who’s trying to avoid bankruptcy after a costly mistake How customer service defines company success A father hoping to bring his kids into the family business 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 📖 Order Dave’s new book, Build a Business You Love: https://ter.li/b4kru2 Connect With Our 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 Owner’s Guide to Hiring Salespeople. 📝 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 Ramsey Solutions Privacy Policy

Transcript

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0:00.0	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. I'm Dave Ramsey,
0:21.9	your host, with over 30 years of experience leading in the trenches right alongside you.
0:26.7	If you want to submit a question, go to entreleadership.com slash ask or leave us a voicemail at
0:33.0	844-944-1070. And we'll make you a caller on the show.
0:38.6	That's 844-9-44-10-70.
0:44.3	Joe is with us, and Joe's in Chicago.
0:47.2	Hi, Joe, welcome to the show.
0:49.0	Hey, Dave.
0:50.0	I am such a huge entree leadership fan of everything you guys do.
0:54.5	So thank you to you and your team, rocking it out.
0:56.7	Thanks for having me on the show.
0:57.9	Honored, sir.
0:58.7	Thanks for being with us.
0:59.6	How can we help?
1:00.9	So my name's Joe.
1:01.9	I'm in Chicago.
1:03.0	In 2017, I started a small chicken sandwich shop with a bucket of paint.
1:08.1	We did it very modestly with $63,000. And fast forward to today,
1:14.9	we've got nine restaurants, I have 158 employees, and we just finished last year at $12.9 million.
1:22.9	Good for you. Wow. Congratulations. Thank you so much. So my question is, and it's around my audacious
1:30.9	goal to open up 75 restaurants in the next 10 years. And what I've learned, and we've just
1:36.7	keep dumping all of our cash back into the business, reinvesting it, our cash flow only allows
	...

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