Why Every Business Needs a Budget with Dave Ramsey

Рет қаралды 39,198

Күн бұрын

Cash flow is the gasoline in any small-business’s engine. And sure, we all know it’s important to manage your money-but some business owners believe that only means looking at the profit and loss statement once a month. While this financial strategy is better than having no strategy, it can lead to problems-and there’s a better way. The answer? A budget for your business. In this episode we sit down with Dave Ramsey, the CEO and founder of Ramsey Solutions. He talks about why having a budget for your business is so important. Then George Kamel chats with Ramsey Solutions Senior Executive Director of Finance Jeff Williams. Jeff lays out a step-by-step process you can use to start budgeting for your business.
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Пікірлер: 46

@tahirisaid2693 11 ай бұрын

It’s such a blessing that my wife and I aren’t just married, but we’re also each other’s best strategic partner in business. I’m great at what she lacks, she’s great at what I lack and we have an Adviser to work with. Praise God!! And thank you for the awesome content!

@tahirisaid2693 11 ай бұрын

Credits to ROCH DUNGCA-SCHREIBER, she saw me through the process. You can glance her name up on the internet and verify her yourself. she has years of financial market experience...

@DL-th5si 5 ай бұрын

Wife business partner is a L

@maplelodge2 2 жыл бұрын

I've been waiting for something like this on Business Hours on Dave Ramsey Show for a long time!! I hope Dave will do a more in depth book on this topic.

@ShawnShankRedeemed Жыл бұрын

I added a bookkeeper to our business early on with shared access to quickbooks. Get the Profit Loss statement / cash flow statement/ and balance sheet monthly, but most recently I created another Every Dollar budget account for our business and started using it to track every expense and plan ahead. Created a line item fund for Retained Earnings. It Works beautifully. We had so much money slipping out of the business I didn’t know about but now I feel like I have control.

@joanntebo2835 2 жыл бұрын

This is vital information. My husband and I needed it when we had our business as it outgrew our simple methods. We did not have good advisors on this and I did ask repeated. Looking back, we needed to look outside of our circle, because these friends, family and other leaders were not equipped to help us. Hard lessons learned, but we can share them with others to encourage them to choose advisors wisely. Thank you for sharing this important topic and wisdom.

@tsawra007 2 жыл бұрын

I love this episode more than any other one 🚛

@susanjohnson9255 Жыл бұрын

Dave you and George are a wonderful fit. You both are down to earth, honest and humble. Dave you and george are just sitting together like teacher and student with such respect for one another. Dave, thank you for sharing your failures and your awesome success.

@tsawra007 2 жыл бұрын

This is gold !!! It helps my small franchise business in big way !

@LaShay314 2 жыл бұрын

I have read Business Boutique and while it did have some helpful perspective (emotions we struggle with as women in business) it did not fill the void of business advice for small businesses/entrepreneurs. Thankful to find this channel and hopefully Mr. Ramsey will write some more books on these subjects ...marketing, small business, entrepreneurs, etc... 😁

@RandJ1996 Жыл бұрын

Dave has really deployed a war on the Banks. Great work, hopefully one day his vision of little to no banks will surface.

@shaveenfernando5315 2 жыл бұрын

Thank you for the practical knowledge. May Jesus bless youl to grow further.

@ghostriley1855 2 жыл бұрын

I love listening to these podcasts! They're easy to understand with not a lot of technical detail terminologies for common people like me 😁

@taqueriaguadalajara5284 2 жыл бұрын

Dave I have no words,you have been the answer to my troubles I have learned so much throughout the past year in my personal life and in my business specifically because everything you do is always based on the wisdom of the word. GOD bless you and your family thank you 🙏

@sugeymancia5806 2 жыл бұрын

Thanks for the great advice. May God bless you and your business

@michaelelandon 2 жыл бұрын

We needed this a couple years ago!

@rebekahmays6439 Жыл бұрын

Really. Awesome. Stuff. Thank you George, Dave & Jeff! (And the whole team behind the scenes.)

@blakerand6818 Жыл бұрын

This is incredibly underrated. Crazy how it only has 15k views

@smaganas 10 ай бұрын

Great stuff!!

@amilkardicostanzo7193 Жыл бұрын

Love the video it's helping me a lot. I texted for the REPORTS but I'm guessing is no longer available?

@crystalstump8537 Жыл бұрын

Great video. I am curious what perks the Ramsey team gets to keep team morale high.

@timothyjunping534 Жыл бұрын

Thank you for this 🙏🏻🙏🏻 @15:20

@timothyjunping534 Жыл бұрын

@27:35

@jacquelinee.foreman6228 Жыл бұрын

This was an amazing episode!! Thank you so much!! I can't find the show notes for the 6 financial reports in the show notes😢 Not sure what I'm doing wrong I also sent the text with no response Is there a way I can still access?

@tsawra007 9 ай бұрын

Dave is the man ! Jesus sent from Heaven to help us at the area of Money 💰!!! Show me the money 🗣️ !!!!!

@Pulaskibrewingcompany 6 ай бұрын

Is the guide still available? I’m not seeing a link in info and no response from text.

@annpeyton4394 11 ай бұрын

Is there another way to get these reports?

@harley570 Жыл бұрын

Best business advice on KZfaq

@Acemaster24367 2 жыл бұрын

Ha you all must have an amazing leadership team if they were willing to temporarily suspend there pay in order to hoard cash. I’m assuming these were shareholders? Wow

@jeffreyrichardson Жыл бұрын

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@billyb4790 7 ай бұрын

This is great but Dave didnt talk about financial aid from the government during covid and whether that saved his business (the way it saved countless others).

@ChefTrak 3 ай бұрын

Many businesses who truly needed help didn’t receive it and went under

@jeffreyrichardson Жыл бұрын

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@jeffreyrichardson Жыл бұрын

six as cursed bastards 7 5