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So….Who’s Gonna Pay For That?

The Money is Already Here! It has not left the planet.

Contrary to popular belief and the financial doom and gloom stories you here on the news, Money HAS NOT left the planet. The biggest objection I hear from people working with me is, “I would love to, but I don’t have the money”. AND I know it is the biggest struggle you have when landing clients, as well. Out of all the objections for people to get the help, support, coaching, or consulting they need, money is the biggest. I have spent a lot of time finding ways to coach people into reality. The reality is two things:

1) We always have the money to do the things we REALLY want to do.
2) You always get exactly what you need when you need it.

If you believe Universal Truths of Abundance you will know the money is always there. Now, I do know some people do not know where to look for the money and that is where I come in. I thought it would be very helpful to share this with you for two reasons:

First, you might be telling yourself you can’t get the support you need because YOU don’t have the money.

Maybe this will help.

Secondly, it will help you in speaking to clients who say they don’t have the money.

So, here we go – 10 ways to get the money you need every time!

1) Business Loan. There are many small lending institutions (especially locally owned banks) that want to help finance small business because the  entrepreneurs are doing well in this economy.

2) “Business Loan.” This is what I call a job or part time job. I think if you TRULY believe in your dream then you must do whatever necessary to realize that dream. A stream of income will help you go from NEEDING clients to wanting clients. And do not look at it as a job – it is a business loan to fuel your start up.

3) 401ks and other investments. Your accountant will probably tell you this is a horrible idea but is very possible to used some of your retirement as seed money. That money can definitely be used to grow your business. With so many retirement accounts shrinking with the craziness in the market be very aware that one very good investment you could make is an investment in YOU. There are even ways to roll the funds into your business with NO penalties.

4) Low Interest Rate Credit Cards. We have a really messed up view of credit in this country. Debt has been made to seem evil (I could go on for days about this), but good debt is a very useful tool. In fact when structured properly business credit cards will not show up on your personal credit report so there’s no negative impact to your FICO score for having to much debt.  Good debt is debt you incur to finance a project or dream that will give you a return on investment and you have a plan to pay it back. You are using it to learn, grow, and develop to bring in revenue from your business. No one really blinks at student loan debt, but we all get nuts when we, say, put a coaching program or mentor on a credit card. What’s the difference? There isn’t – at all! One has just been conditioned by society to be okay. Check out the Cash Flow & Capital Secrets course.

5) Got Junk? I have had clients (actually right now) finance their dreams by selling gold, putting cool stuff on ebay, or selling a car they no longer wanted or needed. David Neagle, first financed his dream by selling a boat. Suzanne Evans spent a year selling yard sale finds on ebay to pay for a vacation AND her coaches. See how creative you can get?

6) Get Started NOW! Many of you are waiting to have everything perfect or in place to get clients and make money. I guarantee you know enough now to start working with people. Maybe you will have an introductory rate or special for the first 5 clients you work with, but there is no need to wait. You can start making money now!

7)The Bank of Friends and Family. Many times friends and family are happy to help and will charge you a much lower interest or no interest. If you are in the UK, Australia or South Africa, Richard Branson has made this very easy with www.virginmoney.com He has created a program that helps friends and family create loans and have tracking, accountability, and make them professional and organized. He calls them social loans. Crowd Funding is a more widely used term.

8) Make a Cash Flow Change. Look at your full budget and spending – I have never seen one person or family that didn’t have something they could tweak to find money for their business. Is there a tweak that could be made to your daily spending? Hobby spending? Where is there waste in your weekly budget?  Are there services you haven’t used in 60 days or longer that you pay for every month? If so, cancel them. You can always start them again if you need them in the future. It can be amazing how easy it is to find $100 or more a week with small changes.

9) Apply For a Home Equity Line of Credit. Some banks offer home equity lines of credit that let you borrow up to as much as 85% of the appraised value of your home. Depending on the value of your home and what you still owe in other mortgages, that can put a significant chunk of money at your disposal for starting your business. The downside: you’re putting your home at risk. This is not an option for everyone, but it is a great option for some. Always understand your risk and all the details.

10) Make The Decision. You or your clients do not need the money for coaching /mentoring/support until they make the decision to get support and play a bigger game. Anything is possible when you make a decision. Many people think they have made a decision, but here are the facts. A decision is ONLY when there are no other options. There is no failure or stopping buckets to put your balls in. You do whatever it takes. And you will get the support you need to make it happen because when you decide, heaven moves to support that decision.

There is divine provision waiting to fund your dream! Heaven is ready to move on your behalf. The money is already here!

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 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

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

3 Simple Ways To Give Your Business A Financial Fresh Start For This Year!

As a woman entrepreneur, whether your business is robustly moving forward or you’re just getting started, its common to have a bit of “emotional baggage” (or negative money B.S. as I like to call it) you may be carrying around, that is slowing you down.  For example, maybe you have debt or perhaps you’re ready to increase your fees. but you’re feeling a slight twinge of guilt or fear that people won’t pay.  Or maybe you see the perfect mentoring program you want to invest in but your spouse is skeptical that it will be a wise investment.  Once thing is certain, if you carry past baggage with you into the new year, you’ll have a much tougher time creating success.  which is why this is the perfect time of the year to give your finances a fresh start.

The mistake that most women entrepreneurs make is not knowing exactly what type of financial actions they should take.  Let’s be real, it just isn’t a topic that is discussed.  which is why i’m sharing 3 of my BEST tips with you on how to give your finances a fresh start as you head into the new year.  And while you may not be able to wave a magic wand or sprinkle a little pixie dust and magically make your debt dissapear or make your husband change his mind, you can create a plan that addresses the emotional and practical aspects that make of every woman business ownere’s financial future.

Tip #1 – Stop Being A Victim of The Past and Falling Prey to Your Money B.S.
Women hold themselves to a level of perfectionism that leaves no room for mistakes.  Trust me we’ve all lent money to people we shouldn’t have, let worrying about what others think keep us playing small, given away our power with money,  or we’ve made decisions to purchase something that we later regretted.  You can’t change the past but what you can do is stop carrying it around with you!  So instead of feeling guilt or shame or blaming fate or circumstances for what’s happened, learn to forgive yourself.  Forgiveness is an act of the will, extreme compassion and understanding for the tiny part of you  that was doing her best when you made those decisions.

Tip #2 – Don’t Let The Debt Demon Stop You From Growing Your Business
I often this from many women entrepreneurs, ” Shameca, how can I invest in growing my business when I have debt?”  Or they’ll say, ” I don’t want to pile on more debt”.  First realize the best way (or chance) to pay off your debt (most likely) will be by growing your business, because you’ll have the increased cash you need to make more than your minimum monthly payments.   Next, understand that investing in growing your business while you may still have debt makes perfect sense if you are committed to taking action and implementing.  I’ve metored hundreds of women entrepreneurs on my simple cash flow debt pay-off strategy and i’ve discovered that those who take massive decisive action in their business are the ones who also pay off their debt faster than others.

Tip #3 – Create Boundries Around Money That Empower You And Others
Women tend to cave in on their boundries because in some way they feel responsible for other people’s feelings.  But giving in means giving up on your self-respect  and losing the respect of others.   And those yucky feelings and negative energy ofter flow through to other areas of your business, impacting your fees, the types of clients you attract, and so much more.  My advice?  Its far better to experience a moment of discomfort while upholding a boundary than it is to untangle a money mess later on.  No I’m not saying you need to be the wicked witch when it comes to maintaining a boundary.  Boundaries are easily upheld from a place of kindness, consideration, and connection, all of which helps you stand in your power with confidence!

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 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

Finding New Ways To Finance Your Dream

Statistics show that more than one million people in the United States start a new business each year.

That number would be much higher if all the would-be entrepreneurs had the financing required to get a business up and running. In order to accomplish their dream of business ownership, entrepreneurs are finding new and innovative ways to finance their new ventures.

One of these new financing options is the use of a person’s existing retirement funds-a pension, profit sharing, 401(k), IRA-which allows that person to start the business he or she has always dreamed of without tax penalties, consequences or mountains of debt.

Funds can be turned into useable capital for business investments or operations. If a person has more than $20,000 in a retirement account and is not currently employed by the company that holds those funds, he or she qualifies for this Small Business Administration (SBA)-recognized approach to finance and start a business.

Retirement funds can be used for any business purpose.  Could you use money for any of the following reasons:

  • Purchasing a franchise or existing business
  • Start-up expenses, such as purchasing property,  and equipment.
  • Working capital, including paying salaries,  and franchise fees.
  • Business expansion, such as funding additional franchises, and locations.
  • Equity toward SBA or other loans.

Funding your business is as simple as these four steps:

Step 1: Establish a C-corporation.

Step 2: The new corporation creates a retirement plan.

Step 3: Funds are rolled over into the corporation’s new retirement plan.

Step 4: The new retirement plan purchases the stock of the corporation.

So many people have watched their dream of owning their own business go out the window due to lack of funding options. We help entrepreneurs, coaches, consultants, and services based businesses achieve that dream every day.

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

Shabby Business Image: What Does Coporate Image Have to Do With Getting Capital

Your company’s image is a huge part of it’s credibility.  There are actually creditors and vendors who will not finance your company if you don’t have a website or aren’t listed in the 411 directory.   Yep, that’s right! It is equally important your company complies with both local and federal laws and ordinances, thus supporting the integrity of your business entity. The truth is lenders are not required to share their lending criteria or compliance formulas used to determine which businesses they approve or deny.

Does this sound familiar:

You need to borrow capital for inventory, new space, upgraded equipment, a new phone system, internet marketing, expansion, or simply to have an emergency cash cushion.  You are confident in approaching a lender to request a business line of credit, after all,  your business is profitable and you have your business checking account with this lender. They are familiar with your business.  The process couldn’t get any easier, right? You can breath a sigh of relief.

Finally,  you receive a letter in the mail from the lender, “Dear ABC Company, we regret to inform  you that your request for credit has been denied.”  There is usually no understandable explaination in the letter other than your business did not meet their lending criteria.

80% of small businesses are forced to close their doors forever because they could’nt get the capital they so desperately needed. Don’t become another statistic put your business in the hands of a Business Cash Flow Strategist that is familiar with compliance requirements so you can get the funding needed to grow a successful business.

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, create consistent cash flow 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

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 4)

Costly Mistake #4:  More Costly Mistakes Made with Your Business Credit Profile!

What are some of the other mistakes business owners make if they decide to build their business credit profile themselves?  Most of the areas mistakes are made are in regards to a business license, phone number, and some very important things they usually don’t know matter.

If you’re not listed in 411, your business number is’nt verifiable.  A lot of Entreprenuers we deal with say they don’t have to be listed in 411.  Consider this:  If you are not listed in 411, if the address on your business license is different than the address with the Secretary of State, If the list of officers don’t match when your company representative is called and asked who are the officer of the company, and in some cases, if your company does’nt have a website it will be noted and could result in a BIG FAT DENIAL stamp on your application.

Super Easy Funding- Industry Matters!

 The hottest sources in lending today are based on cash-flow.  The types of  businesses who are succesful at getting $50k to $150k in business capital have distinct characteristics.  Businesses in these targeted industries can expect to easily get bank loans, unsecured business lines of credit, working capital, and trade credit.

Get easy Capital

Get More Capital Based on Industry

They have:

  • Small, Growing businesses on Main Street
  • Have Walk-in customers, many transactions
  • Steady cash flow and a small cushion for unplanned needs
  • A desire to grow, and a plan on how to do it.

 

You can achieve a 90% probability of getting a $20k loan with:

  • $25,000 per month in credit card volume
  • $10,000 average daily bank balance
  • FICO Score 640 or higher
  • Revenue of at least $300k

 

Industries that Can  Get up to $150k in as Little as 2 Weeks:

Restaurants, Medical & Dental Offices, Retail Stores, Franchises, Consultants, Warehouse/Distribution, Manufacturing, Small Grocery, Contractors, Commercial Janitorial, Staffing, Automotive Parts Shops, Automotive Repair Shops, Florist, Dry Cleaners, Pharmacies, Salons and Spas, Pet Care, Apparel, Furniture Stores, Gift or Novelty Store, Small Gas Stations

Top 10 Costly Business Credit Mistakes to Avoid (Part 2)

Costly Mistake #2:  Destroying Your D&B File by Checking it Yourself!

Can you go to Dun and Bradstreet and check out your own profile or check to see if you even have one?  Yes, You Can!

top secret business credit mistakes

But here’s the problem,  if you go to Dun and Bradstreet too early and pay them to set up a credit profile, they’ll give you a number and access to log in to see if you have a credit profile.  That won’t help you if you do not have a profile with D&B.

Depending on what package you get.  The package can cost anywhere from free to $700.  With the purchase of  some of those packages they say they will build a credit profile for you.  They really won’t do it.  They’ll just get a number for you and they’ll see if there are any vendors you currently work with that will report.

Then when they start to check your corporate compliance, if everything isn’t in order, they will redflag you or put comments on your file.  “Secretary of State lists this persona as a CEO.  This person from the company listed somebody different as its CEO.”  They will start putting things in your file that is potentially negative information. (insider information from a former Dun and Bradstreet employee)

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