This Wednesday is going to change how you look at funding your business forever.
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:
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,
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:
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
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.
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
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?
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.
Heres a solution that may provide you will all the working capital your company needs. Most business to business sales usually carry 30 to 60 day payment terms. This means that you must deliver your products or services now. However, your client has between 30 to 60 days to pay you.
This creates a significant challenge for business owners. The is a potentially huge problem that has a simpe solution. Your clients want to pay you in 30 to 60 days, but you must pay rent, payroll and your suppliers now. As you can see, the math does not work. Unless you have a substantial bank account, this leads to an almost impossible situation.
If you are in this situation, it is also very likely that the bank will not be able to help you. As you well know, banks tend to lend to businesses that have three years of profitable operations and significant hard collateral. If you do not qualify for bank financing, your best bet may be to consider factoring.
Factoring is a business financing tool that helps business owners who cannot afford to wait 30 to 60 days to get paid by customers. Factoring provides you with the necessary funds to meet payroll, make rent and pay your suppliers on time.
As opposed to bank financing, factoring is easy to qualify for. The main requirements are that you have a business with a strong roster of commercial clients. Approval is based on your client’s credit and not yours. Factoring is also easy to use and it reduces the time you wait to get paid from 60 days to 2 days.
Factoring financing is an ideal tool for companies that are growing and that cannot afford to wait to get paid by the clients. It helps you to stabilize your financial situation and positions you for growth.
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:
-Being hounded by creditors?
-Being denied a mortgage or business loan?
-Draining your savings and retirement accounts?
-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!