Archive of Dave Ramsey Entrepreneurship

• Keys to Creating a Winning Culture
  Discover the key elements of creating a positive, productive workplace culture—rooted in purpose, strong leadership, trust, and open communication.... more
• Sometimes, It’s Lonely at the Top
  Discover how small-business leaders can stay grounded and connected by building community, seeking mentorship, and surrounding themselves with peers who share their challenges and values.... more
• Changing Workplace Culture Through Servant Leadership
  Learn how managers can transform workplace culture by building trust, practicing servant leadership, and applying the Golden Rule to foster stronger communication, development, and confidence within their teams.... more
• Common Courtesy
  Learn why showing appreciation and fostering gratitude in the workplace is essential for maintaining a positive culture, strong leadership, and motivated teams.... more
• Don’ t Add Unnecessary Risk to the Equation
  Learn why taking on debt to buy or start a business can create unnecessary risk and how owner-financed deals tied to profitability offer a safer alternative.... more
• Email Marketing Is Still the Most Effective Tool for Small Businesses...
  Struggling with business decisions? Learn practical tips to build your decision-making skills and lead your small business with confidence.... more
• They Expect Me to Solve Every Problem
  Learn how small business owners can build leadership in their teams by shifting from problem-solver to coach. Practical tips to delegate, grow, and reclaim your time.... more
• Don’t Put Your Small Business in a Hole
  Thinking about a merchant cash advance? Learn why MCAs are risky, predatory, and expensive-and discover safer alternatives to finance your small business.... more
• Take Time to Get Involved
  Discover how business leaders can make a meaningful impact in their communities. Learn strategies for building relationships, advocating for causes, and leading through service.... more
• The Importance of Employee Buy-In
  Learn four essential steps to get your employees to buy into your company’s mission: strong leadership, clear mission and values, consistent communication, and a solid strategic plan.... more
• So, You Want to Buy a Business…
  Thinking of buying a business? Learn how to assess its value, examine financials, understand costs, and avoid common pitfalls. A must-read guide for prospective business buyers.... more
• Give Them Examples
  Learn how offering free billing audits to local businesses can build your reputation, generate referrals, and grow your business. A smart way to trade services for valuable connections and real opportunities.... more
• Buy it Gradually?
  Gradually buy inventory based on sales to minimize risk and avoid debt. This approach helps you ease into ownership while aligning costs with actual sales, creating a win-win situation.... more
• Seeking Investors
  Learn why growing your business with organic cash flow is crucial. Avoid rapid expansion pitfalls, investor pressure, and protect your company’s long-term success.... more
• It Gets Easier, and More Accurate, Over Time
  Create a detailed business budget, focus on debt reduction from profits, and build a contingency fund for unexpected expenses. Refine your budgeting skills for better financial management.... more
• Credit Cards and Business Integrity
  Discover how one entrepreneur stands firm on not accepting credit cards due to moral principles, handles pushy clients gracefully, and maintains business integrity while offering top-notch services and prices.... more
• Compassion and Reasonable Boundaries
  Care for your team, but balance compassion with accountability. If an employee mismanages PTO, offer limited extra time for serious needs but discuss better future time management. Boundaries are essential.... more
• Plug In or Promote from Within?
  Encourage leadership by fostering open communication, aligning values, and nurturing potential within your team. Invest in growth through mentorship and shared learning experiences.... more
• 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