Archive of Dave Ramsey Entrepreneurship

• Don’t Risk it All
  Encourage gradual pursuit of passion. Avoid cashing out 401(k). Start small to minimize risk. Don’t risk everything for a dream.... more
• If You’re Not Going All In, Stay Out
  Buying an established business with management might be a better fit. Unlike real estate, a new venture demands constant attention. Your personal commitment is key to its success. If you can’t invest fully, consider alternatives.... more
• Be Fair, But Firm
  Approach your friend-client with empathy and honesty. Communicate your need for timely payment and propose a plan for settling the overdue amount and adjusting future payment terms.... more
• Don’t Be Afraid to Start Small
  Dave Ramsey advises aspiring entrepreneur Kirsten to start her online business small, using existing funds, and gradually grow without debt, emphasizing the value of maintaining a full-time job for stability.... more
• Too Much Regulation Stifles an Economy
  A free market allows buyers and sellers to transact freely. While some regulation is necessary, excessive control hinders economic growth and job creation. Trust in market forces and mutual interests of buyers and sellers drive the efficiency of a free market.... more
• Look for (and Instill) a Crusader’s Mentality
  Dave emphasizes the importance of maintaining a ’crusader’s mentality’ in sales. He advises hiring those with a passion for the job and gradually instilling the winning attitude. Leading by example and recognizing success are key leadership responsibilities.... more
• The Concept is the Same
  Small-business budgeting is like personal finance but requires projecting income, expenses, and profit to avoid cash flow issues.... more
• Revoke His Get Out of Jail Free Card
  Don’t let an employee who may also be a relative disrupt your company. It’s not good for you or the employee. Dave had some advice for address this issue.... more
• Different Personality Types Can Be a Good Thing
  Differing personality types within a marriage can create success in the relationship and in business.... more
• Family Business? Keep It Professional
  What do you do when a one-third owner of a company is no longer involved in the family owned business but insists on taking a salary? See Dave’s recommendation on handling this.... more
• Gen Zers and Millennials? I Love ’Em!
  Dave is a huge fan of millennials and Gen Zs in his workforce. He says give them what you should as a leader and they’ll blow you away with their smarts and achievements.... more
• This Guy Has Potential!
  What should you do when you have a stand out employee that you may want to promote into a sales position? Dave provides advice on what to do.... more
• Enhance Communication with Your Team
  The greatest problem with communicating with your team is the illusion that it has been accomplished. Create a culture where you communicate early and often. Here are some ideas!... more
• Improve Your Decision-Making (and Critical Thinking) Skills
  Mastering decision-making skills gives you muscle to weigh your options wisely and make hard, brave choices.... more
• Avoid the Set-it-and-Forget-it Mindset
  Setting your goal and hoping it will happen isn’t the right answer. You need to work on it.... more
• Walking the Work-Life Tightrope
  It’s tricky to maintain a healthy work life balance as an entrepreneur. A little planning and discipline go a long way to help you search for that balance.... more
• Employee Retention - The Great Resignation
  The new normal may be employees leaving at record rates for greener pastures. Businesses need to adjust their strategies for keeping talented employees inhouse.... more
• Loyalty, respect, and the servant leader
  Turn you employees into loyal and valued team members. Follow these principles to inspire loyalty within your team.... more
• Secret Enemies of Productivity
  Respect your time, and you’ll be amazed by how much more you can accomplish-and how profitable that can be! Dave provides some ideas for time management.... more
• Raise and the praise
  Dave says not everyone deserves a raise. Team members that bring measurable value to the company and are a proven hard worker and consistent contributor should get the raise and the praise!... more
• Learning from Your Mistakes
  Mistakes are inevitable. Don’t let them hold you back. Here are a few common leadership mistakes to learn from.... more
• Change the Channel
  Businesses do not win by accident. Business owners must focus. Their success if up to them and what they pay attention to.... more
• Know Your Team and Follow Up!
  Every employee is different. Knowing how to talk to them based on personalities makes your leadership style more effective. Dave offers a system to help you know your team members.... more
• A Healthy Culture Depends on Healthy Relationships
  A company culture can only be as good as the relationship between its leaders and its team. It starts with you, the leader. It is up to you to connect with your team.... more
• Just Add Value to Their Lives
  Turnover rate is a vital measure of a company’s overall health.... more
• Developing a Strategy for New Leadership
  As Baby Boomers retire, you need to be grooming your future leaders. Not everyone can or wants to be a leader. Dave provides 3 key factors to keep in mind when selecting the best candidates.... more
• Make 2022 the Year You Keep Promises To Yourself and Your...
  Your company only grows when you do. Here are some tips for setting your goals, both business and personal for 2022.... more