From Yahoo Finance: 2025-06-08 16:00:00

A 22-year-old CEO sought advice from Dave Ramsey on his podcast after an employee asked for ownership in the company. Ramsey advised against giving equity, emphasizing the importance of clean accounting and fair compensation based on profits. The CEO started the business at 18, grew it to $500,000 in revenue, and offered the employee profit-sharing. Ramsey suggested a commission-based pay structure to incentivize growth without giving away ownership. He highlighted the need for detailed financial tracking and encouraged the CEO to continue building his business with a solid team.



Read more at Yahoo Finance: A 22-Year-Old CEO Asks Dave Ramsey What To Do About An Employee Asking For Ownership. His Advice After A Sincere Laugh? ‘Hit The Road, Jack’