Blog Archives

Unlimited Funding This Coming Wednesday

This Wednesday is going to change how you look at funding your business forever.

http://cashflowandcapitalsecretsmichelle.simplelander.com/

Hint:  It has nothing to do with lists, nothing to do with business plans, having a big business, or perfect credit;  and nothing to do with you walking into a bank at all.

In fact, you are about to learn how to get the money you need to do what you do best and take your business to the next level.

Meaning? Your Funding Problems are FINALLY REALLY OVER!

You need to be at on this call if you:

1)   Are short on cash and can’t find money to start or grow your business quickly

2)  Don’t know where or how to get the cash

3)  Feel sick because you lost out on a great opportunity to sponsor and event and watched as other business owners took the opportunity and put profits in their pockets

4)  Lack the confidence to raise money

5)  Are frustrated and feel stuck

Wednesday April 18th at

6 p.m. PST

7 p.m. MST

8 p.m. CST

9 p.m. EST

Get Your Spot Here:

http://cashflowandcapitalsecretsmichelle.simplelander.com/

In this 90 minute call, I’ll open the door for you to receive an unlimited amount of money for your business – so you can finally kiss these problems goodbye:

1) No Cash

2) Losing out on lucrative business opportunities

3)  Maxing out and Paying high interest rates on personal credit cards

4) Using Up Your Savings and Retirement Accounts

Were going to show you how to get in under the normal business lending radars and get exclusive, fast-pass access to funding for all your business needs (without ever having to walk into a bank).

Looking forward to it,

Shameca

P.S. This strategy has made all the difference in the world in my clients’ business.  Now you can do the same.  Get registered and we’ll see you Wednesday night:

http://cashflowandcapitalsecretsmichelle.simplelander.com/

 

Want to use this article on your website or your own ezine?

No problem! But here’s what you MUST include:

Shameca Tankerson, is a Speaker, Trainer, Author, and Cash Flow Success Mentor to entrepreneurs and service professionals. Using a proven system, she opens a candid dialogue about money that teaches her clients how to access unlimited business capital,  breakthrough to their next income level and expand into a cash flowing business with a new collaborative business model that is liberating, Inspiring and Powerful.  To Get your F.R.E.E. “Spark Your Cash Flow Financial Success Kit”  – Making Room For Money: 5 Financial Mistakes Entrepreneurs Make That Sabotage Their Cash Flow (And How To Avoid Them). Visit: http://www.MakingRoomForMoney.com

I’m Off Vitamins Forever

Just the other day I attended a training call with one of my mentors Adam Urbanski.  I had the most profound AHA after adam made one statement.  He said the problem that most entreprenuers have will selling their products and services is focusing on the process or the details of how they  will deliver to their clients instead of focusing on the benefits. 

Now I’ve heard that before and have implemented focusing on the benefis to my services.  But then he says:

People don’t buy because what you are presenting is something they can do without.  They could wait a couple of weeks, 6 months, or even years.  They feel like they can keep going in their current state with or without your help.  The reason:  YOU ARE SELLING VITAMINS

I thought: He’s absolutely right.  How many people take vitamins everyday even though they know the vitamins are good for them and the vitamins will make their body’s feel better and function more efficiently.

But what If the doctor diagnosed you with a terminal illness and told you that there was a plant in a remote bush town that when broken down and put in an easy to swallow capsule would cure your disease in a matter of months or even weeks..guaranteed. You’d move hell and high water to get that plant.  You know that you can not live without it…right?  You know that without it you would eventually cease to exist.

You’ve all heard me say that the number one reason businesses fail is lack of capital. In fact almost 90% fail withing the first 5 years.  So its definitely inevitable without cash flow, cash, mulah, money, You business will not make it.  BUT what I realized is explaining that to people is in fact just a vitamin because the hope is that somehow the company will make enough money to sustain its self.  Even though the odds are against them, many entreprenuers take that gamble every day.

They would rather struggle on the cash flow roller coaster or Play russion rouletter with the retirement accounts.

The Pill:

How would you like to double your cash flow in 30 days or less.

Here’s what I mean: 

What if your bank account could go from this

 

to this

 

In 30 days or less.  Well that’s what I do for my clients.

 

No more vitamins…Let’s be real…you need a pill!

Apply this principle to your own business and see if you create your own AHA moments.  Remeber how you get theire is virtually irrelevant….the client is asking What’s In It For Me?

A Business Credit Card is Essential

If you are running a business out of your home, then there are many details that you need to keep in mind. You should probably be reading up on as much information that you can get ahold of on having a business at home. One of the most essential pieces of running a bussiness from home that you absolutely need to know from the start is to get a business credit card to use for everything related to your business.

Unfortunately, as a business consultant, I have talked with far too many business owners that come to me after failing at running a home based business. Why?  Poor management of finances. Far too many people use their personal savings, retirement, home equity, and credit and that is a very dangerous thing to do.

I thought that the importance of seperating your business credit and personal credit was obvious, but maybe it is not.   Registering your company with the business credit bureaus and getting business credit cards that don’t show up on your personal credit ultimately allows the home based business owner or Entrepreneur to have the freedom to truly keep their personal finances and their business finances separate. This is essential throughout the year and obviously when it comes to tax season as well.

There is no reason why the finances of a home should be mixed up with the finances of a business. Keeping the credit profiles, credit cards, bank  accounts completely seperate will set you up for more funding options in the long run.

Here’s the bottom line: Entrepreneurs and home based business owners need to separate their business and more so because they usual operate from virtual office spaces or from home. This will be impossible without registering your company with the business credit bureaus and establishing  business credit cards that do not report to the personal credit bureas. So apply  If you want a widly succcessful enterprise you must do what widly succcessful business tycoons do.  It will make a huge difference to the organization and success of your company and ability to raise capital.

 

Stuggling with Cash Flow? Try Unsecured Business Credit Lines.

At some point in time, the reality with most businesses is that fluctuation periods would eventually come and such companies will have to face problems regarding their cash flow. A company may experience a financial crisis wherein more cash may be going out than entering as profit.

It is very important for any enterprise to never run out of funds.  Having an unsecured business line of credit could make all the difference. Assuring that your company has an unsecured line of credit will be a big step of precautionary on your part to keep your company afloat, even when faced with financial crises.

What Is An Unsecured Business Line of Credit and How Does It Help?
 
An unsecured credit line for your business is a type of financing resource that can provide your company with the money that it needs without requiring collateral. Having such a credit line for your company can be of great benefit, especially when faced with problems on cash flow. This can provide you with the temporary funds that your company may need for operations to continue.

In running your own company, sometimes being prepared for possible problems  play a big role in helping you ride the tides of business. For sharp entrepreneurs, even when there is no immediate need for the extra funds, having an unsecured credit account at hand will be a good cautionary tool for anything that could possibly go wrong with the business.

After all, you can never know exactly when your company might experience cash flow problems. But knowing that you have back up when funds become unexpectedly tight through unsecured business lines of credit, will surely set a whole lot of difference for your business to step up the ladder.

A Crash Course In Credit Scores

If  you had no idea that there is a totally different credit scoring system for businesses than there is for people, don’t fret—I’ll explain.

Personal credit scores range from 350 to 850.   All three of the credit bureaus—Equifax, Experian, and Transunion—offer  FICO credit scores using a complex mathematical formula developed by Fair, Isaac and Company, but they each give the scores a different name: At Equifax, the FICO is known as the Beacon credit score; at TransUnion, it’s called Empirica; and at Experian, it’s called the Experian/Fair, Isaac Risk Model.

Business credit scores range for 0 to 100.  The major business credit bureaus are Dun and Bradstreet and Experian Insights. Unlike their counterparts the business scoring system is not complexed.  It is quite simply based on payment history.  Each credit bureau does however, give  the scores a different name.  At Dun and Bradstreet the score is called a PayDex and at Experian it is called an Intelliscore.  Here is the bottom line in this crash course:   Good business credit scores PLUS good business credit scores  gets you access to lots of business funding!

5 Reasons Business Credit Is A Must

Entrepreneurs typically make one or more financially devastating mistakes when financing the launch, operation and/or growth of their businesses. I know I have made huge mistakes in financing and running  my business. In most cases, Entrepreneurs and Business Owners don’t even realize that they’re making a mistake.  You see, as an entrepreneur, you’re hardwired to enjoy a greater level of risk than the average person. But do you enjoy the thrill of business so much that you’re willing to risk:

  1. -Being hounded by creditors?
  2. -Declaring bankruptcy?
  3. -Being denied a mortgage or business loan?
  4. -Draining your savings and retirement accounts?
  5. -Losing your house?

If you’re like most entrepreneurs, coaches, consultants, and service based business owners I’ve met over the past 11 years, you’re in danger of facing all of these horrific problems.

And it’s all because of your business.

You see, entrepreneurs typically make one or more financially devastating mistakes when financing the launch, operation and/or growth of their businesses. In most cases, they don’t realize that they’re making a mistake.

And to tell the truth, even when they do realize they’re making a mistake … they lull themselves into thinking that the consequences will be a minor annoyance.

Until, one day, they can’t qualify for a mortgage. Or they can’t get the to-die-for financing offered on the new car they’re buying.  Or the bank turns them down for that much needed business loan.  Or they’re hounded by creditors and eventually have to declare bankruptcy.

And it is all because they use their personal finances to fund the launch or expansion of their business. They then use personal credit cards to pay for business expenses. If you are in business or thinking about starting a business, business credit is a must.

Let me explain, most business owners have no idea that they can establish business credit and even fewer know how to how to establish business credit. If owners would take the time necessary to educate themselves about establishing credit they would no longer have to use their personal funds for start up capital or working capital.

If you have set up your business profile correctly there are a number of banks that will lend to brand new start up business. That is right, brand new start up business with no track record whatsoever. The banks will extend unsecured business lines of credit so they can have the start up capital they need to finance the business of their dreams.

Make no mistake about it; business credit is a MUST for every business owner. Don’t put your personal assets at risk;  finance or fund your business the right way!

What Could You Do With An Extra $72,000 For Your Business?

 

Business Cash Infusion

Get up to $100,000 in 2 Weeks!

How much would it help if you could access $25k, $50k, or even $100k for your business? Have you ever made a decision to not invest in your business because of money?  Today at my Jump Start Workshop i worked hand in hand with 12 business owners just like you; Showing them strategies to get the money they need to start, invest, and grow their business  in this weak economy!

It really is no Accident. I can show you how too. Don’t Miss The Next Workshop!

 See what they have to say:

Steve Halen, My Trade America        I got 3 credit lines set up today!”

Danielle Moruffo, Elite Financial      “Shameca is Awesome!.”

Jodi Rubin, Window Wonders             “I got $72,000 in 3 Weeks!”

 

At The Workshop You’ll Learn:

  • 7 Steps to Funding Your Business Using Other People’s Money (OPM)
  • A Secret Super Tool To Get Easy Funding That’s Often Over Looked
  • How to Get $25,000 in as Little AS Two Weeks
  • The Thought You Are Having Right Now That Stops You From Getting Approved and How To Over Come It!
  • Simple Strategies to Unconver Hidden Profit & Cash in Your Business

5 Compelling Reasons Your Company Needs a Business Finance Consultant to Obtain Capital

As the owner of a company the task of obtaining capital for your business can be quite intimidating.  The reason most businesses are unsuccessful because they don’t have the slightest clue where to begin in the funding process. This is why seeking expert assistance is so important.  Here are 5 compelling reasons your company needs a Cash Flow Strategist to obtain Capital.

1.  Out of the 7 million businesses who apply for funding each year, 5.6 million don’t qualify at banks.

2.  The Small Business Administration reports that 97% of business loan applications fail.

3.  80% of businesses fail in the first 5 years due to lack of capital

4.  Lenders are placing more emphasis on business credit scores. The business MUST have three separat business credit scores.

5.  Attempting to obtain business financing using personal credit can severely limit the amount of capital available to the business.

This is why many business owners turn to a Business Finance Consultant to help them create a funding plan, establish their business credit and navigate the business funding maze.

Shameca Tankerson, is a Speaker, Trainer, Author, and Cash Flow Success Mentor to entrepreneurs and service professionals. Using a proven system, she opens a candid dialogue about money that teaches her clients how to breakthrough to their next income level and expand into a cash flowing business with a new collaborative business model that is liberating, Inspiring and Powerful.  To Get your F.R.E.E. “Spark Your Cash Flow Financial Success Kit”  – Making Room For Money: 5 Financial Mistakes Entrepreneurs Make That Sabotage Their Cash Flow (And How To Avoid Them). Visit: http://www.MakingRoomForMoney.com

Top 10 Costly Business Credit Mistakes to Avoid! (part 10)

Costly Mistake #10:  Rushing Your Business Credit Profile!

Two Words: RED FLAG

Dun and Bradstreet Partners with the federal government to provide information on small businesses in America.  One of the biggest components is fraud.  There are certain activities within a business credit profile that will cause a company to get on D&B’s Radar.  One activity is quickly beefing up a credit profile in a small time frame.

Remember organically a company builds good business credit in about 3 to 4 years, so, if  a start-up or young company initiates the companies profile and has 5 or 6 new vendors reporting every week, that activity will seem suspicious.  Once a company has been red flagged by D&B it is very difficult to obtain business credit.

Top 10 Costly Business Credit Mistakes to Avoid! (part 9)

Costly Mistake #9:  Trying the Do-It-Yourself method of Building Business Credit.

One of the biggest mistakes a business owner can make is trying to save on expenses by doing administrative task themselves.  In theory, it sounds like a prudent idea.  Right? Paying a consultant to reasearch financing options and complete loan applications can’t be financial feasible, right?  It is so easy for a business owner to convince themselves they are saving money by setting up their own credit profile with D&B and applying for credit on their own.

On the surface it may appear to be cost effecient to “do-it-yourself” but bussiness owners ofter neglect to factor in the true cost of their time. The truth is as a CEO or Entreprenuer your time is best spent running your business!  Not to mention making mistakes like inaccurately building the companies profile, missing compliance items, and prematurely applying for credit and loans can cost you much more than time.

Two things to remember:

  • Focus on what you do best and Hire the Rest 
  •  The spandex rule:  Just because you can doesnt mean your should