Starting a business can be a rewarding endeavor, but when the numbers don’t add up, tough decisions may be necessary. On a recent episode of “EntreLeadership,” Dave Ramsey spoke with Jen, a business owner from Ontario, Canada, who found herself in a difficult financial position despite running a business with significant sales. Ramsey’s advice was clear: “Being $450,000 in debt to make zero money is a bad idea.”
Jen shared that she had left a successful 20-year career to focus on her side hustle, which had grown into a full-time business. After moving the business from her basement to a physical location, sales reached approximately $870,000 last year. However, despite the strong sales figures, Jen wasn’t paying herself —…
