We Lost our $3.5 Million Business

The EntreLeadership Podcast

Lampo Licensing, LLC.

Entrepreneurship, Business, Management

4.7 • 4.1K Ratings

🗓️ 6 May 2024

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today we’ll hear about: Business owners need to start over after their partner stole their clients A business partner wants to continue getting paid, but hasn’t worked in 4 years A business owner struggling to fire his top team member for not following policy A business owner that has no idea what to do with an extra $500k in savings Next Steps 🗳️ Submit your question for a chance to be on the show with Dave Ramsey: https://ter.li/askus 👣 Find out what Stage of Business You’re In: https://ter.li/axd39b ✉️ Sign up to receive tactical tools, advice and resources in your inbox every week: https://ter.li/y8qdo7 🏢 Attend EntreLeadership Summit: https://ter.li/fcazl2 🎤 Attend EntreLeadership Master Series: https://ter.li/wcjhpu ☎️ Learn more about EntreLeadership Coaching: https://ter.li/ycznhl 💵 Learn more about Ramsey SmartDollar: https://ter.li/4imot0 🗳️ Help us make the show better! Please fill out the quick survey form. https://bit.ly/3O8fRvh Offers from Today's Sponsors NetSuite: https://ter.li/x1t20q BELAY: https://ter.li/yohiu6 Payority: https://ter.li/fh2oau Trainual: https://ter.li/a8zexl Listen to more from Ramsey Network 💼 The Ken Coleman Show 🎙️ The Ramsey Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💰 George Kamel 💸 The Ramsey Show Highlights 🧠 The Dr. John Delony Show Ramsey Solutions Privacy Policy https://www.ramseysolutions.com/compa…

Transcript

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0:00.0	From the
0:03.0	on-the-air leadership
0:05.0	from the
0:06.0	from the headquarters of Ramsey Solutions,
0:12.0	this is the Entre Leadership Podcast,
0:15.5	where I take calls from leaders like you, about what it takes to win at any stage of business.
0:23.4	I'm Dave Ramsey, your host with over 35 years of experience in the trenches.
0:27.4	Yes, I've been there, done that, and I've got all the t-shirts.
0:30.9	Yeah, some of them still fit, some of them don't, but hey, we're here to help you with your business and leadership.
0:36.0	I'm a practitioner. This is not theory and it's not a think tank. I actually do this crap every day.
0:42.0	I run this company and I have for a long long time from a
0:45.4	card table in my living room to here so how did we get here and what do we do?
0:49.0	We're going to talk to you about that. If you've got a question you want to ask
0:51.8	the show we'll fill out the form at
0:53.4	entree leadership.com slash ask or call and leave a voicemail at 844 944
0:58.6	1070, 844 944, 1070 Grace starts off this particular event and from Los Angeles.
1:08.4	Hi Grace how are you?
1:10.5	I'm doing great Dave thank you so much for taking my call. Sure what's up? So I am well I was the president of a company that my husband and I felt with our blood sweat and tears. We had 34 employees and our most recent annual
1:27.7	revenue was 3.5 million. We had a bit of a situation. We started the company before we knew you and we had two minority stake partners and it turned out to be a terrible decision with them and they basically stole our biggest clients from us and
1:47.0	and we found that the only way that we could move forward was to dissolve the company because they would not let
1:55.2	us buy them out.
1:57.6	So we are back at the beginning status starting all over again because we had to get rid of the cancer
	...

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