Podcasts about financing your business

        Chances are, if your business is at all successful, you are going to be presented with the opportunity to borrow.  At some point, you'll need a larger space, more computers, more sophisticated software, and more equipment.  You'll have to buy raw materials, build your inventory and hire additional people.  Now, you are faced with the decision.  Should you borrow? In this piece, I reflect on some of the negative consequences of business borrowing. **************************************************************** Dave Kahle's goal is to provide sales leaders and small businesspeople with practical actionable ideas that can make an immediate impact on your sales performance.          Dave is a B2B sales expert, and a Christian Business thought leader.  He has authored 13 books, presented in 47 states and 11 countries and worked with over 500 sales organizations.  In these ten-minute podcasts, his unique blend of out-of-the-box thinking and practical insights will challenge and enable you to sell better, lead better and live better.        Subscribe to these ten-minute helpings of out-of-the-box inspiration, education and motivation. Subscribe to Dave's Newsletters Check out the website Financing Your Business

Mark Willis is a CERTIFIED FINANCIAL PLANNER™, a three-time #1 Best Selling Author and the owner of Lake Growth Financial Services, a financial firm in Chicago, Illinois. As co-host of the Not Your Average Financial Podcast™, he shares some of his strategies for investing in real estate, paying for college without going broke, and creating an income in retirement you will not outlive.  Mark works with people who want to grow their wealth in ways that are safe and predictable, to become their own source of financing, and create tax-free income in retirement.  Book “How to be an Amazon Legend and Fire Your Banker.” Highlight Bullets> Here's a glimpse of what you would learn…. Introduction to the podcast's mission and focus on e-commerce business leaders.Mark Willis's background and experience with business owners and e-commerce entrepreneurs.Common financing challenges faced by e-commerce businesses, particularly reliance on banks.Overview of Mark's book, "How to Be an Amazon Legend and Fire Your Banker."Concept of using dividend-paying whole life insurance as a financial strategy.Importance of having control over personal finances and becoming one's own source of financing.Discussion of non-direct recognition policy loans and their benefits.Comparison of whole life insurance policies to home equity lines of credit.Tax strategies that can complement the use of whole life insurance policies.Actionable takeaways for e-commerce entrepreneurs to enhance financial management and independence.In this episode of the Ecomm Breakthrough Podcast, host Josh Hadley interviews Mark Willis, a certified financial planner and owner of Lake Growth Financial Services. They discuss financial strategies for e-commerce entrepreneurs aiming to scale their businesses. Key topics include overcoming reliance on traditional banks, using dividend-paying whole life insurance as a financing tool, and implementing effective tax strategies. Mark shares insights from his book, "How to Be an Amazon Legend and Fire Your Banker," emphasizing the importance of financial control and independence. The episode provides actionable advice to help business owners manage capital and achieve greater financial security.Here are the 3 action items that Josh identified from this episode:Action Item #1: Invest in the Right Places: Business owners should ensure they are putting their money into vehicles that will grow and provide liquidity when needed.Action Item #2: Implement Tax-Saving Strategies: It's crucial to work with a certified financial planner to identify and implement effective tax strategies.Action Item #3: Execute Financial Strategies: Taking action is essential; business owners should not just learn about strategies but also implement them to see real results.Resources mentioned in this episode:Lake Growth Financial ServicesFAFSAAugusta RuleFuture ToolsKickstart with MarkHow to Be an Amazon Legend and Fire Your BankerDebt: The First 5,000 YearsThe Holy BibleThe Lord of the RingsNot Your Average Financial PodcastSpecial Mention(s):Adam “Heist” Runquist on LinkedInKevin King on LinkedInMichael E. Gerber on LinkedInRelated Episode(s):“Cracking the Amazon Code: Learn From Adam Heist's Brand Scaling Secrets” on the eComm Breakthrough Podcast“Kevin King's Wicked-Smart Tips for Building an Audience of Raving Fans” on the eComm Breakthrough Podcast“Unlocking Entrepreneurial Greatness | Insider Secrets With E-myth Author Michael Gerber” on the eComm Breakthrough PodcastEpisode SponsorSponsor for this episode...This episode is brought to you by eComm Breakthrough Consulting where I help seven-figure e-commerce owners grow to eight figures. I started my business in 2015 and grew it to an eight-figure brand in seven years.I made mistakes along the way that made the path to eight figures longer. At times I doubted whether our business could even survive and become a real brand. I wish I would have had a guide to help me grow faster and avoid the stumbling blocks.If you've hit a plateau and want to know the next steps to take your business to the next level, then email me at josh@ecommbreakthrough.com and in your subject line say “strategy audit” for the chance to win a $10,000 comprehensive business strategy audit at no cost!Transcript AreaJosh Hadley 00:00:00  Welcome to the Ecomm Breakthrough podcast. I'm your host, Josh Hadley, where I interview the top business leaders in e-commerce. Past guests include Kevin King, Michael Gerber, author of The E-myth, and Matt Clark from ASM. Today, I'm speaking with Mark Willis of Lake Growth Financial Services, and we're going to be talking a lot about how you can bank on yourself and become your own source of financing in your business. This episode is brought to you by Ecomm Breakthrough, where I specialize in investing in and scaling seven figure companies to eight figures and beyond. If you're an ambitious e-commerce entrepreneur looking for a partner who can help take your business to the next level, my team and I bring hands on experien...

The Jeffs chat about securing financing to grow your business sustainably!You can check out venturedeals.com to learn more. Follow Us on Facebook, Instagram, or LinkedInGet in touch InnovationJunkie.comWant to WATCH the podcast? We're on YouTube! Check it out now

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 1195: Courtney Luke's article from Arrest Your Debt.com outlines six crucial financial aspects for starting a company. These include understanding offshore banking, capital gains tax, the importance of a good credit rating, diversifying your business portfolio, the necessity of comprehensive insurance coverage, and the cautious approach to taking on debt. Each point is essential for financial management and business resilience, providing valuable insights for entrepreneurs aiming for long-term success. Read along with the original article(s) here: https://arrestyourdebt.com/starting-a-company/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 1195: Courtney Luke's article from Arrest Your Debt.com outlines six crucial financial aspects for starting a company. These include understanding offshore banking, capital gains tax, the importance of a good credit rating, diversifying your business portfolio, the necessity of comprehensive insurance coverage, and the cautious approach to taking on debt. Each point is essential for financial management and business resilience, providing valuable insights for entrepreneurs aiming for long-term success. Read along with the original article(s) here: https://arrestyourdebt.com/starting-a-company/ Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, David sits down with Arthur Petropoulos, an ex-Wall Street investment banker, who's gone from the dark side to the bright side of the tracks. He still works in the world of Financial Services, helping people who need funding to finance and grow their businesses. Or those who are working on exiting their business and need to secure capital for that. He explains how he does that covering strengthening your business, picking the right type of finance, ensuring your company can thrive without you, and planning for when you want to exit the business. KEY TAKEAWAYS Business is an essential element of human evolution. All business is about someone providing someone else with something they want or need. Having human capital in your company is essential. The fundamentals need to be strong. The restricting factor of a business is the thing they are worst at. You need to address these things before seeking finance or selling. Your business needs to be resilient enough to run without you. If you're growing in size, in conjunction with the overall pie that leads to the best multiple. Chemistry matters, you need to be able to work well with your financers. BEST MOMENTS ‘I never understood history, until I understood business,' ‘The fundamentals have to lead the way.' ‘Capabilities, aptitude, what's proprietary about it?' ‘Let the opportunity lead the conversation.' EPISODE RESOURCES https://www.hillviewps.com https://www.linkedin.com/company/hillviewpartners?trk=public_profile_topcard-current-company https://www.youtube.com/channel/UCZu4Nl6i5IseEJBqp1IPd3g ABOUT THE SHOW People with purpose make a difference. Imagine a world where more people can just get their purpose out of them, into a plan, and then actually make it happen. What a world that would be - People everywhere finding meaning and harnessing that to bring inspiration and energy to each and every day, changing lives for the better. But no one ever achieved anything on their own - we all have something unique to bring and that means we all have to play our part - if we want to go far, we have to go together and lead or serve towards a vision of the world we want to see. Everyone has a story to tell, and this show is where these stories come to life. ABOUT THE HOSTDavid Roberts is a highly regarded CEO, mentor, and investor with 30 years of experience across multiple sectors. As an intrapreneur and entrepreneur, David has bought, grown, started, and sold several businesses, working with values-driven start-ups, award-winning SMEs, and multinational corporations on strategies for service excellence, leadership, and profitable growth. David's passion is for purpose and creating an environment where everyone can succeed, through building teams that get things done, execute on their mission with passion, deliver exceptional service, and really make a difference. ARTWORK CREDIT Penny Roberts - https://www.instagram.com/penpennypencils_/ CONTACT METHODS LinkedIn - https://www.linkedin.com/in/david-roberts-nu-heat/ Facebook - https://www.facebook.com/DavidRobertsPeopleWithPurpose Instagram - https://www.instagram.com/davidcroberts_/ Clubhouse - https://www.clubhouse.com/@davidcroberts?utm_medium=ch_profile&utm_campaign=MBv1ubya1-oOBXc_uQKFHw-46334This show was brought to you by Progressive Media

Welcome to another social stories episode, where our community of business builders share stories of key moments and evolutions within their own business building journey. This week the community are answering the curly question of "How did you finance your business?"* An epic one, and a bit of a risk by me as I could have had crickets and ended up filling your ears with just my stories and ramblings, but there were some brave people out there willing to lift the lid in support of others by dropping their stories into the DM's. We hear about bootstrapping, pre-orders, profit reinvestment for years on end, refinancing, seeking investment and taking big risks. The unknowns around money can be such a blocker in your business creation or scale up, with what we don't know and are too afraid to ask sometimes being enough of a reason not to do it, so let's take the weirdness out of money chat and lay it all on the line in the spirit of lifting each other up. The brave humans building their businesses and sharing these stories offer so much valuable insight - wherever you're at in your business building journey this episode is guaranteed to reignite your passion for the hustle and support you through your own building blocks. We're doing this every week - to get involved make sure you're following Unemployed & Afraid on IG and LinkedIn to grab the weekly question, and simply submit your story via a voice note in the DM's. See you on the socials. *We are not financial advisors and are not offering financial advice, these are just personal stories based on their experience.   Big thanks to those who contributed: Bobby Seaford Bonnie Orbison Vanessa Richardson Grace & Marie Alex Nash And those who did so anonymously. And don't forget to follow Unemployed & Afraid on IG and LinkedIn Join our Facebook Group You can reach your host on email via kim@unemployedandafraid.com.au On IG and on LinkedInSee omnystudio.com/listener for privacy information.

Many small business owners have difficulty accessing capital even though that does not need to be the case. I'll be talking with Alex Marin about The Secret To Successfully Financing Your Business. Alex Marin is a personal banker who has varied experience and great life skills. He brings both to the table to help business owners find the best banking solutions for their financial needs. He is a professional with over 20 years of banking industry experience and has also been a business owner. All of this has afforded him a firsthand understanding of business owners' pain points and the solutions that they need, he speaks your language. Every Tuesday evening on Leadership LIVE @ 8:05! - Talking Small Business, your host Andrew Frazier is joined by experienced entrepreneurs and business owners who share their secrets to success via Livestream. You will learn about developing your business leadership skills from our roster of high-performing guest experts. Leadership LIVE is one of the many valuable resources provided through the Small Business Pro University empowering business owners to learn, profit, and grow. www.SBProU.com

In this episode, ex-banker Gene Valdez reveals critical information about getting your business financed and how to use financial institutions to your business's advantage. Gene has worked with hundreds of businesses and started a few of his own. He knows the financials around launching a new enterprise and scaling an established brand. Listen as he points out common limiting factors. Existing businesses – beware of complacency!Other tips include:How to qualify your business for a loanWhat you'll need to show the banks – including their #1 priority in making the loan decisionWhen to use a short-term loan versus a line of creditHow to avoid being this statistic: over 50% of businesses fail in the first five yearsThe power of referral marketingAnd a heads up to CEO's on priority skillset Gene's distinguished career as a banking executive spans 40-years.  He's worked for some of the world's largest banks like Wells Fargo, Bank of California, and Citizens Business Bank. He's started three businesses of his own, authored a book titled “How to Start a Business From Scratch,” and currently runs a firm called The Loan Doctor Associates, where they coach owners and CEO's on finance and strategic planning. Gene doesn't take sides. He earned his Bachelor's degree from UCLA and his MBA from USC!I think you'll get a lot of useful insights today. Enjoy the show!Get in touch with Gene Valdez, The Loan Doctor: Office: 909-230-0024https://www.linkedin.com/in/eugene-e-valdez-39550a25/ https://www.theloandoctor.loans/Small 2 Scaled, the podcast,  is brought to you by Chasing Nectar Digital Solutions. We help businesses scale with digital ads. Contact Zora Chase at zchase@chasingnectar.com. Go to: https://chasingnectar.com

Let's Talk Business Financing Best Practices!

Leverage, or using other people's money is a long-standing, venerable way to grow your business. But borrowing money can be complicated and frightening for some. In this episode Candice and Jim introduce Kevin Johnson from the Business Development Bank of Canada who takes us through the ins and outs of business financing.

David Barnett loves to say that it took him 10 years to unlearn what he was taught in business school.  University had trained him to be a middle-manager in big enterprises, he was totally unprepared for the realities of small business. After a career in advertising sales, Barnett started several businesses including a commercial debt brokerage house.  Helping to finance small and medium sized businesses led to the field of business brokerage. Over several years, Barnett sold dozens of businesses for others while also managing his own portfolio of income properties and starting his career as a local private investor. Barnett regularly consults with professionals and banks on business and asset values.  Presently he also works with entrepreneurs and would-be entrepreneurs around the world who are buying, selling or trying to improve their businesses. FREE E-BOOK GIVEAWAY: https://dbarnett.gumroad.com/l/21stup… IN THIS EPISODE, YOU WILL LEARN:  0:00 Introduction  2:23 How David got on the journey of helping entrepreneurs 12:25 Positioning a business to be attractive for buying 15:57 Top 5 reasons why business go for sale 19:30 Mistakes that sellers often make 23:46 The “dream” of selling a small business for $1 million 25:07 Development of small businesses in Canada 30:03 Understanding the terms of sale 37:07 The role that insurance plays in business and transferability 45:10 Who David wants to be a hero to  

David Barnett loves to say that it took him 10 years to unlearn what he was taught in business school.  University had trained him to be a middle-manager in big enterprises, he was totally unprepared for the realities of small business. After a career in advertising sales, Barnett started several businesses including a commercial debt brokerage house.  Helping to finance small and medium sized businesses led to the field of business brokerage. Over several years, Barnett sold dozens of businesses for others while also managing his own portfolio of income properties and starting his career as a local private investor. Barnett regularly consults with professionals and banks on business and asset values.  Presently he also works with entrepreneurs and would-be entrepreneurs around the world who are buying, selling or trying to improve their businesses. FREE E-BOOK GIVEAWAY: https://dbarnett.gumroad.com/l/21stup... IN THIS EPISODE, YOU WILL LEARN:  0:00 Introduction  2:23 How David got on the journey of helping entrepreneurs 12:25 Positioning a business to be attractive for buying 15:57 Top 5 reasons why business go for sale 19:30 Mistakes that sellers often make 23:46 The “dream” of selling a small business for $1 million 25:07 Development of small businesses in Canada 30:03 Understanding the terms of sale 37:07 The role that insurance plays in business and transferability 45:10 Who David wants to be a hero to  

For close to 40 years Benetrends Financial has been the authority in small business funding. Benetrends pioneered 401(k)/IRA Rollover funding with The Rainmaker Plan®, the plan that enable entrepreneurs to use retirement funds to finance a business or franchise, without incurring upfront taxes, early withdrawal penalties, or debt. Tony Robinson is a Senior Consultant and has been with Benetrends Financial since 2010. He has a Marketing degree from Temple University and has helped well over a thousand entrepreneurs secure funding for their business needs thought the innovative Rainmaker Plan. he can be reached Here. Tony Robinson Benetrends Financial 267-3281316 tony@benetrends.com https://www.benetrends.com/action/?ID=ITadministration@checkbookira.com

In this episode, I'd like us to think about ways of financing a startup – how to raise funds to kick off and then develop a business. These are common questions on Facebook groups as well as at meetings with entrepreneurs at various stages of business growth. They concern those who are just planning to start a business as well as those whose ideas and decisions have been verified by their first achievements. They also accompany the managements of well-established companies who are beginning to realize it's time to consider new forms of financing to introduce new products to new markets or globalize their business. My experience in financing startups or company growth comes from being a venture partner at venture capital fund Black Pearls VC. It is also my practical knowledge as an entrepreneur who did have to acquire financing from various sources. Each case described here has actually taken place in at least one of my companies that I have been developing over the last 20 years. This is my hands-on experience on what I've done both as an investor and an investment seeker. --- Send in a voice message: https://anchor.fm/saunatalks/message

As as start-up founder, I’m always open to speaking to potential startup founders to hear their ideas and share my thoughts on next steps for them and what types of financing routes they may want to consider. After having three such conversations recently, I realized it would be really valuable to memorialize some of these thoughts for other potential founders, and when I thought of who I wanted to have this conversation with, my first thought was my good friend Hitha Palepu.  Hitha is not only an entrepreneur, but she’s also an angel investor who’s invested in multiple start-ups, including The Financial Gym. Hitha joins me today to share her thoughts on the process of starting and financing a business. This is a valuable conversation for anyone thinking of pursuing their own business. For more information, visit the show notes at https://martinisandyourmoney.com/show-notes/financing-your-business-with-hitha-palepu

In this episode pop and Monique talk to Fred Welk of Community Economic Development Fund. Fred is a business advisor and the Director of Business Education and Communications. Fred has 30 years experience in specialty retailing and franchise development and operated his own business for 23 years. We explore financing a business and the best and many different ways of getting that accomplished. Fred also talks about the Jump Start My Business Program that CEDF is promoting  with the help of Citizens Bank. You can reach Fred at f.welk@cedf.com and for more information about CEDF you can go to their website cedf.comDouble QQuote - Great things don't come from comfort zones.Question - What is the most ordered flavor at Pop's Premium Ice Cream?

So, you’ve survived COVID – so far. But at what cost? And as government support reduces, how will you manage to rebuild a viable business into the future? According to Angela Winton, Head of Mazars’ Banking and Finance team, there has never been a more challenging time to secure business finance. Are you prepared? And are you talking to the right people at the right bank? Business Essentials Daily is produced by: SoundCartel soundcartel.com.au +61 3 9882 8333 See omnystudio.com/listener for privacy information.

On the fourth episode of the African-American Business Owners Podcast, Ron Escoffery discusses the importance of building a relationship with your bank, how to start understanding your business by making use of a financial management tool, and the added advantage of having a mentor.  Topics Covered:Today's podcast is called financing your business. [1:00]How to obtain financing for your business [1:35]Our mission is to transform you from where you are today to where you want to be in the future [1:53]Money gives you options. [2:11]Growing means taking a risk... means falling down a couple of times. [3:39]Building true wealth is a journey. It's not an easy journey. [4:23]Once you know what you're worth, you start on the journey to improve that. [6:11]Because money runs through everything [7:10]If it were easy, everyone would be financially well off [8:04]The financial system has been failing Black-owned businesses since the beginning [12:33]Credit is an integral part of the loan process [14:38]You don't want more information...You want an advocate. [14:58]Your financial statement is a good place to start [16:41]The big banks are not your friends. [19:46]Before you want to borrow a dime, start building a relationship. [20:36]It's always a plus if you tell them you're working with a mentor. [22:57]Closing Remarks [23:18]Connect with Ron Escoffery:ronescoffery.comronescoffery@gmail.com(404) 626 1425Don't miss the next episode! Subscribe to the African-American Business Owners Podcast on SimpleCast.

Jason Fuchs is a Financial Advisor that specializes in small businesses – and entrepreneurs just like you. And he’s here with some of the answers to questions that we get all the time.. about insurance, retirement and the personal “money” side of the customization business.

With COVID restrictions affecting business cash flow, this presentation from Shaun Reeves, SRJ Walker Wayland looks at different ways you can finance your business.Including:· Internal· External· Financial Institutions· Government (Grant Funding)· Angel Investors· Crowd Funding· ESIC Investment· More

Rachel Hersh is the Sales Director, North America for Prestige Capital. She has over 20 years of experience as a financial executive in the areas of commercial finance, factoring, and business development. Rachel has a successful track record of working with hundreds of companies, from start-ups to high-growth companies to turnarounds, to increase their working capital and growth capital as well as provide debtor-in-possession financing needs. She helps clients to understand available financing options and how to best leverage their assets to gain liquidity for their businesses. She is an active member of the Commercial Finance Association, International Factoring Association, and Turnaround Management Association. Rachel was selected as a Woman in Commercial Finance for The Secured Lender, Women in Commercial Finance issue by the Commercial Finance Association, and recognized as a Top Woman in Business on Long Island by Long Island Press. Don’t miss other episodes talking about the different types of alternative financing with Jill Earthy, Principal of Risery and interim CEO of Women’s Enterprise Centre of BC, and Christine Chang, CEO of 6th Avenue Capital. I would love to hear from you and let me know any business financial questions you need help with. Record your question here or email me at christina@christinasjahli.com and I will answer your question in a bonus episode. When you are ready to master the skill of storytelling using your financing numbers, let’s schedule a chat. In this episode, Rachel shared:➤ Rachel’s journey into the invoice factoring world (5:29)➤ How invoice factoring works (7:04)➤ The benefits of invoice factoring for small businesses (9:09)➤ Why invoice factoring isn’t widely used by small businesses (16:00)➤ When invoice factoring is right for a business (22:27)➤ The simple underwriting and onboarding process with Prestige Capital (28:44)➤ The key terms on an invoice factoring contract with Prestige Capital (31:55)➤ The cost of borrowing for invoice factoring vs. traditional loan (33:40)➤ How to utilize invoice factoring strategically (34:46) ➤ The different type of businesses who can take advantage of invoice factoring (39:10)➤ Stay with your mission. Work with trustworthy partners (40:57)Connect with Rachel and Prestige Capital:➤ Website➤ Linkedin - Rachel Hersh➤ Linkedin - Prestige Capital➤ Facebook

Guest Bio: So someone asked me the other day, "Who am I?" What a loaded question! Who am I...I am a Shark in Business. Seriously, just like Shark Tank - I am the shark. I provide money to businesses to start, grow, or transition to new ownership. However, unlike Mark Cuban, I loan out the bank's money versus my own. I love the art of negotiation and helping people finance their dreams with the best deal structure to optimize business cash flow. I love what I do so much, that I have been in the banking industry for over 20 years!!!! In a world where people change careers more often than they change the oil in their car - I have a long history of experience and success in the same industry. Staying current on all the latest changes in the financial/business world and keeping my skills fine-tuned by constantly seeking out continuing education makes me the best resource for my community of business brokers, other bankers, business owners, and entrepreneurs. I specialize in providing financing for mergers & acquisitions, start-up companies, debt restructure for existing companies, and provide capital for business expansion and growth. When should you reach out to me??? * When you want to buy a business. * When you want to sell a business. * When you have a company that needs to improve cash flow. * When you have company debt that is choking you. * When you want to buyout a partner. * When you have a business loan that may have been turned down with another lender. * When you need a longer amortization for better cash flow. * When you are considering retirement and selling your business. * When you want to buy a franchise. * When you want to expand your business or buy equipment or other large purchases. * When you need additional working capital. Contact Information: Amanda.hgp@gmail.com 502-773-8504 Facebook: Amanda Herndon Instagram: @amanda_herndon_ Twitter: @smartblonde71 Linked In: Amanda Herndon --- Support this podcast: https://anchor.fm/trasetta-alexander/support

How are you surviving during this financial crisis?  Do you know what programs you are eligible for in terms of the money being distributed by the government? My guest can be the source of information that you need in order to stay afloat and understand what program(s) are best suited for you. EZ Funding Solutions can be reached through www.ezfundingsolutions.com or (732) 384 3366 or you can reach Parag directly by sending an email to pnevatia@ezfundingsolutions.com.  His cell phone is (908) 922 5527 SBA Website: https://www.sba.gov/General Info:If you want to get a hold of us, or you would like to be a guest on our show, click here and someone will reach out to you.Is there a topic you would like us to cover? Send an email to info@lbmsllc.com or contact us here, and we'll add that topic to the schedule.Want a free evaluation of your digital marketing presence? Simply click here to request a free consultation and we'll connect with you as soon as possible.For a free copy of my book, 7 Steps to Recession-Proofing Your Business, click this link: https://www.lbmsllc.com/bookConnect With Us On Social Media:Facebook: https://www.facebook.com/lbmsllcInstagram: https://www.instagram.com/lbms4350/Twitter: https://twitter.com/lbmsllcLinkedIn: https://www.linkedin.com/company/local-business-marketing-solutionsAlignable: https://www.alignable.com/fanwood-nj/local-business-marketing-solutionsConnect With Frank Directly on LinkedIn: https://www.linkedin.com/in/fdemming/

Robert Bennin is Bernard Avle's guest on this edition of the Effective Living series on the Citi Breakfast Show. He talks about financing your business.

Money can be tight when first starting out in business. Cash flow is very important, no matter what business you are starting. Tonight we discuss some ways to finance your projects.

In our inaugural episode, hosts Michael Lunt, Matt Adams, and Matt Byrne discuss how you can finance your business through bootstrapping.  Drawing on past experiences each of these fearless business owners help their listeners to navigate the difficult but rewarded world of entrepreneurship and how to finance your dream venture. 

Capital constraints are rarely a problem in business because you can bring on partners, outside funding and alternative options. However, bringing on that outside capital comes with a cost.  If your business is doing well right now then it’s time to get access to capital for growth. If you’re struggling then this episode may give you options.   Links and Resources http://businessgrowthpodcast.com/business-credit-and-cash-flow-with-gerri-detweiler-of-navcom-episode-71/  http://businessgrowthpodcast.com/bgp-051-ty-crandall-business-funding-and-credit/  http://businessgrowthpodcast.com/bgp-049-gerri-detweiler-building-your-business-credit/  Kim Butler’s website www.partners4prosperity.com    The Prosperity Podcast https://podcasts.apple.com/us/podcast/the-prosperity-podcast/id984573317      Subscribe and Share Find us on Apple Podcasts Follow us on Spotify Listen on Stitcher Say hi on Twitter @spencershaw If you like what you hear we’d love for you to to leave a review and tell us what you think. Your support is the fuel that keeps us going!

This Podcast Is Episode Number 0297, And It Will Be About Contractor Loans: An Expert's Guide On How To Finance Your Business Running a contractor operation takes a pretty special individual, especially since there are going to be so many different moving parts with each and every project your contracting outfit takes on. Hammering out bids, winning jobs, managing a crew, knocking out material lists and – most importantly – making sure that you stay on top of your cash flow are all big pieces of the contracting business puzzle. Because of the size and scale of these projects (even the smallest of contracting jobs), things get pretty expensive, and the odds are pretty good you’re going to need to tap into business loans every now and again. But contractors, particularly those just getting started in the business with their own outfit, usually find unsecured business loans to be a headache and hassle to get a hold of. These kinds of loans usually aren’t given out to folks without a track record under their belts. And on top of that these kinds of loans usually don’t come with the kind of financing contractors need to get projects from start to finish. Here are a couple of options you want to consider when you’re looking to get financing for your business. Consider traditional bank/credit union and SBA loans specifically for contractors Traditional banks, credit unions, and the Small Business Administration all offer specific loan packages for the contracting industry that you may be able to take full advantage of. You’ll obviously have to meet with local bank representatives (or fill out the government paperwork with the SBA) to figure out the specifics of these offers, and it’s not a bad idea to go to a bank that you have a bit of a history with as a “retail” customer. At the same time, these kinds of loans can take a long time to go through the approval process – particularly if you’re asking for hundreds of thousands of dollars that you might need to knock out a couple of construction projects you’re looking to undertake. Most suppliers will offer some kind of leasing and financing package for local contractors Thankfully, the overwhelming majority of suppliers in your local area are likely to offer some kind of leasing and financing package for contractors that do – or anticipate – a lot of business with them. You’ll need to create an account with your local hardware stores, your local building supply stores, and your local home department stores to take advantage of these financing packages. On top of that, you want to make sure that you read the fine print of each agreement, as they are almost always going to have unique terms from one another, and you’ll want to understand every detail of each of these financial packages before you sign on the dotted line. Major chains (like Home Depot and Lowe’s, for example) also offer their own financing package for professional contractors that are well worth looking into. How to make working capital loans work for your contracting outfit? At the end of the day, you might want to go the more nontraditional route of getting financing for your contracting outfit and start looking into working capital loans from these kinds of lenders. Working capital loans essentially keep you flush with all the funding you need to keep your cash flow positive, helping you secure materials, payout your payroll, and cover any minor blips in the road along the way until the profits from your jobs start coming in. Again, you’ll need to look into the specifics of each working capital offer before you decide to take the plunge. Some nontraditional lending packages will be more advantageous to leverage compared to others, and you want to make sure that you are always making a smart move with this kind of nontraditional financing rather than saddling yourself with a financial burden later down the line for a short-term fix. All in all, you’ll find that there are plenty of opportunities out there for you to get your hands on the financing you need to not only run your contracting outfit but to also grow and expand your base of operations. It’s never a bad idea to shoot for being able to “self-fund” your business right from the profits of your job, but that’s only ever going to be possible after using years of taking advantage of the kinds of financing packages we highlighted above.   About The Author: Chad Otar  is the CEO at Excel Capital Management, a pioneer in the Fintech and alternative lending space. He has assisted thousands of business owners to receive funding over the last 5 years and is focused on helping one small business at a time achieve access to capital.   In Conclusion: Helping Contractors around the world is one of the reasons we added the FastEasyAccountingStore.com Follow our blogs, listen to Contractor Success M.A.P. Podcast. We Appreciate Our Visitors, Listeners, and Subscribers. – Thank You!! Please feel free to download all the Free Forms and Resources that you find useful for your business.   The Information Shown Below Is From Fast Easy Accounting OUTSOURCED ACCOUNTING FOR  THE BUSY CONTRACTOR IN A MOBILE ENVIRONMENT Download The Contractors APP Now! Access code: FEAHEROS The QR Code Below Will Go Apple Or Android Store Whichever One You Need Simply scan the QR code below or search for ‘MyAccountants’ in the App Store and enter the Access code: FEAHEROS to utilize the powerful App features and capabilities, and benefit from having our Construction Accounting App at your fingertips, 24/7. Access code: FEAHEROS Or click to download the Contractors APP now from the App or Android store      Click here to download the App on iOS: Click here to download the App on Android: About The Author:   Randal DeHart, PMP, QPA is the co-founder of Business Consulting And Accounting in Lynnwood Washington. He is the leading expert in outsourced construction bookkeeping and accounting services for small construction companies across the USA. He is experienced as a Contractor, Project Management Professional, Construction Accountant, Intuit ProAdvisor, QuickBooks For Contractors Expert and Xero Accounting Specialist. This combination of experience and skill sets provides a unique perspective which allows him to see the world through the eyes of a contractor, Project Manager, Accountant, and construction accountant. This quadruple understanding is what sets him apart from other Intuit ProAdvisors and Xero accountants to the benefit of all of the construction contractors he serves across the USA. Visit http://www.fasteasyaccounting.com/randal-dehart/ to learn more. Our Co-Founder Randal DeHart - Is a Certified PMP (Project Management Professional) with several years of construction project management experience. His expertise is construction accounting systems engineering and process development. His exhaustive study of several leading experts including the work of Dr. W. Edward Deming, Michael Gerber, Walter A. Shewhart, James Lewis and dozens of others was the foundation upon which our Construction Bookkeeping System is based and continues to evolve and improve. Check out our Contractor Success Map Podcast on iTunes and Follow Randal on Google+  We are here to Help “A Little or A Lot” depending on your needs. I trust this podcast helps you understand that outsourcing your contractor's bookkeeping services to us is about more than just “doing the bookkeeping”; it is about taking a holistic approach to your entire construction company and helping support you as a contractor and as a person. We Remove Contractor's Unique Paperwork Frustrations We understand the good, bad and the ugly about owning and operating construction companies because we have had several of them and we sincerely care about you and your construction company! That is all I have for now, and if you have listened to this far please do me the honor of commenting and rating the Podcast  www.FastEasyAccounting.com/podcast Tell me what you liked, did not like, tell it as you see it because your feedback is crucial and I thank you in advance. You Deserve To Be Wealthy Because You Bring Value To Other People's Lives! I trust this will be of value to you and your feedback is always welcome at www.FastEasyAccounting.com/podcast This Is One more example of how Fast Easy Accounting is helping construction company owners across the USA including Alaska and Hawaii put more money in the bank to operate and grow your construction company. Construction accounting is not rocket science; it is a lot harder than that, and a lot more valuable to construction contractors like you so stop missing out and call Sharie 206-361-3950 or email sharie@fasteasyaccounting.com Contractor Bookkeeping Done For You! Thinking About Outsourcing Your Contractors Bookkeeping Services? Click On The Link Below: www.FastEasyAccounting.com/hs This guide will help you learn what to look for in outsourced construction accounting. Need Help Now? Call Sharie 206-361-3950 sharie@fasteasyaccounting.com Thank you very much, and I hope you understand we do care about you and all contractors regardless of whether or not you ever hire our services. Bye for now until our next episode here on the Contractors Success MAP Podcast.   Our Workflow Removes Your Paperwork Frustrations For Contractors Who Prefer To Do Your Bookkeeping Fast Easy Accounting Do-It-Yourself Construction Accounting Store Is Open Most Contractors Setup QuickBooks Or Xero Online Accounting Using: #1 EZ Step Interview inside QuickBooks Setup #2 Asked Their Tax Accountant To Setup QuickBooks #3 They Attended A How To Setup QuickBooks Class Or Seminar And QuickBooks Does Not Work The Way They Want It Too! The Answer: #1 Click Here To Buy An Entire QuickBooks Setup For Your Specific Contracting Company #2 Click Here To Buy Just The Chart Of Accounts For Your Specific Contracting Company Short List Of Construction Contractors We Serve Asphalt ContractorAsphalt Contractor Brand New ContractorBrand New ContractorBrick And Stone ContractorBrick And Stone ContractorCabinet Installation ContractorCabinet Installation ContractorCarpentry ContractorCarpentry ContractorCarpet And Tile ContractorCarpet And Tile ContractorCommercial Tenant Improvement ContractorCommercial Tenant Improvement ContractorConcrete ContractorConcrete ContractorConstruction EmployeesConstruction EmployeesConstruction ManagerConstruction ManagerConstruction Support SpecialistConstruction Support SpecialistCustom Deck ContractorCustom Deck ContractorCustom Home BuilderCustom Home BuilderDemolition ContractorDemolition ContractorDrywall ContractorDrywall ContractorElectrical ContractorElectrical ContractorEmerging ContractorEmerging ContractorExcavation ContractorExcavation ContractorFinish Millwork ContractorFinish Millwork ContractorFlipper House ContractorFlipper House ContractorFlooring ContractorFlooring ContractorFoundation ContractorFoundation ContractorFraming ContractorFraming ContractorGeneral ContractorGeneral ContractorGlass Installation ContractorGlass Installation ContractorGutter ContractorGutter ContractorHandyman ContractorHandyman ContractorHot Tub ContractorHot Tub ContractorHVAC ContractorHVAC ContractorInsulation ContractorInsulation ContractorInterior Designer ContractorInterior Designer ContractorLand Development ContractorLand Development ContractorLandscape ContractorLandscape ContractorLawn And Yard Maintenance ContractorLawn And Yard Maintenance ContractorMasonry ContractorMasonry ContractorMold Remediation ContractorMold Remediation ContractorMoss Removal ContractorMoss Removal ContractorPainting ContractorPainting ContractorPlaster ContractorPlaster ContractorPlaster And Stucco ContractorPlaster And Stucco ContractorPlumbing ContractorPlumbing ContractorPressure Washing ContractorPressure Washing ContractorRemodel ContractorRemodel ContractorRenovation ContractorRenovation ContractorRestoration ContractorRestoration ContractorRoofing ContractorRoofing ContractorSiding ContractorSiding ContractorSpec Home BuilderSpec Home BuilderSpecialty ContractorSpecialty ContractorStone Mason ContractorStone Mason ContractorStucco ContractorStucco ContractorSubcontractorSubcontractorSwimming Pool ContractorSwimming Pool ContractorSwimming Pool And Hot Tub ContractorSwimming Pool And Hot Tub ContractorTile And Carpet ContractorTile And Carpet ContractorTrade ContractorTrade ContractorTree ContractorTree ContractorUnderground ContractorUnderground ContractorUtility ContractorUtility ContractorWaterproofing ContractorWaterproofing ContractorWindow ContractorWindow Contractor Additional QuickBooks Templates, Resources, And Services QuickBooks Set Up TemplatesSolopreneurQuickBooks Chart Of AccountsFree StuffQuickBooks Item Lists TemplatesConsulting We Serve Over 100 Types Of Contractors So If Your Type Of Company Is Not Listed Please Do Not Be Concerned Because If You Are A Contractor There Is A Good Chance We Can Help You! Call Now: 206-361-3950   Additional QuickBooks Templates, Resources, And Services QuickBooks Set Up Templates   Solopreneur QuickBooks Chart Of Accounts     Free Stuff QuickBooks Item Lists Templates     Consulting   We Serve Over 100 Types Of Contractors So If Your Type Of Company Is Not Listed Please Do Not Be Concerned Because If You Are A Contractor There Is A Good Chance We Can Help You! Call Now: 206-361-3950 If you are a blogger, who writes about construction we would like to hear from you. https://www.fasteasyaccounting.com/guestblogger  

Obtaining finance is a perennial issue for businesses. But there are probably more options than ever before, with specialist and peer-to-peer lenders offering alternatives to the high street banks. In this podcast Mike Robinson, an asset finance broker and partner in Mulberry Asset Finance in Burton-in-Kendal, explains what’s available. And we introduce the Northern Powerhouse Investment Fund, which offers loan and equity finance to Cumbrian SMEs. There’s more in the ‘Financing Your Business’ section of the Cumbria Business Growth Hub website, or call the Growth Hub on 0844 257 84 50. The Northern Powerhouse Investment Fund is supported by the European Regional Development Fund, the European Investment Bank, the Department for Business, Energy and Industrial Strategy and British Business Finance Limited, a British Business Bank group company. The NPIF covers the following LEP areas: Tees Valley Combined Authority, Greater Manchester, Cheshire and Warrington, Cumbria, Liverpool City Region, Lancashire, Humber, Leeds City Region, Sheffield City Region, York, North Yorkshire and East Riding. The project is receiving up to £140,359,192 of funding from the England European Regional Development Fund as part of the European Structural and Investment Funds Growth Programme 2014-2020. The Department for Communities and Local Government is the Managing Authority for European Regional Development Fund. Established by the European Union, the European Regional Development Fund helps local areas stimulate their economic development by investing in projects which will support innovation, businesses, create jobs and local community regenerations. For more information click here. The funds in which Northern Powerhouse Investment Fund invests are open to businesses with material operations, or planning to open material operations, in, Yorkshire and the Humber, the North West and Tees Valley. The British Business Bank has published the Business Finance Guide (in partnership with the ICAEW, and a further 21 business and finance organisations). The guide, which impartially sets out the range finance options available to businesses and provides links to support available at a regional level, is available here.

Obtaining finance is a perennial issue for businesses. But there are more options than ever before, with specialist and peer-to-peer lenders offering alternatives to the high street banks. In this podcast Mike Robinson, an asset finance broker and partner in Mulberry Asset Finance in Burton-in-Kendal, explains what’s available. And we introduce the Northern Powerhouse Investment Fund, which offers loan and equity finance to Cumbrian SMEs. There’s more in the ‘Financing Your Business’ section of the Cumbria Business Growth Hub website, or call the Growth Hub on 0844 257 84 50. The Northern Powerhouse Investment Fund is supported by the European Regional Development Fund, the European Investment Bank, the Department for Business, Energy and Industrial Strategy and British Business Finance Limited, a British Business Bank group company. The NPIF covers the following LEP areas: Tees Valley Combined Authority, Greater Manchester, Cheshire and Warrington, Cumbria, Liverpool City Region, Lancashire, Humber, Leeds City Region, Sheffield City Region, York, North Yorkshire and East Riding. The project is receiving up to £140,359,192 of funding from the England European Regional Development Fund as part of the European Structural and Investment Funds Growth Programme 2014-2020. The Department for Communities and Local Government is the Managing Authority for European Regional Development Fund. Established by the European Union, the European Regional Development Fund helps local areas stimulate their economic development by investing in projects which will support innovation, businesses, create jobs and local community regenerations. For more information click here. The funds in which Northern Powerhouse Investment Fund invests are open to businesses with material operations, or planning to open material operations, in, Yorkshire and the Humber, the North West and Tees Valley. The British Business Bank has published the Business Finance Guide (in partnership with the ICAEW, and a further 21 business and finance organisations). The guide, which impartially sets out the range finance options available to businesses and provides links to support available at a regional level, is available here.

I'm answering all your questions again in this jam-packed episode! Tons of tips here for female entrepreneurs on staying in a creative flow, elevating your brand, how to grow your Instagram naturally, how I finance my business, and how I come up with brand new ideas. Be sure to listen with a notebook because I'm BRINGING IT! Thank you to our sponsor, LOHO!   Pre-order your very own pair of LOHO tights and get a special package including your very own Slay Baby and LOHO pins. These beautiful tights are designed by Darrah Christel and when you order them, you'll not only be supporting a woman-owned business, but you'll be supporting one of our very own Slay Babies! Get them here.  

Business owners that know their credit score are 41% more likely to be approved for a business loan. In this episode we talk with Gerri Detweiler the Head of Market Education at Nav where she shares insights on how business owners can establish and build their business credit. You can get your business credit score from www.nav.com for free.   Show Notes: 00:28 Introducing Gerri Detweiler 03:08 Only 72% of small business owners know their business credit scores 03:58 Nobody needs your permission to get your business credit 04:43 The traditional vs nontraditional source for acquiring capital 05:50 Case Study: How David Edmonson’s got capital for his sauerkraut business 06:59 Business credit cards vs personal credit cards 08:09 Where to start: The easiest and first type of business credit to establish 10:23 What you should expect once you have established business credit 12:10 How the your business and credit age factors into your access to capital 14:13 Why your business category determines if you are high risk vs low risk 16:02 How much capital a business owners should expect to get 17:10 Financing based on cash flow or sales - very expensive 18:02 Financing from PayPal, Square and other merchants 18:34 Access to capital based off of cash flow 19:10 Crowdfunding options like Kiva, Able Lending and Kickstarter 20:44 Do these 5 things to prepare for financing before you need it 21:36 Get your business credit score at Nav.com 23:00 Why business credit is used with government contractors and large vendor relationships like Wal-Mart and Target 26:13 Say thanks and ask Gerri question at https://twitter.com/gerridetweiler 26:50 The Ultimate Guide to Financing Your Business in 2017 free ebook at www.nav.com/ebook   Resources: www.nav.com Gerri’s books on Amazon The Ultimate Guide to Financing Your Business in 2017 https://twitter.com/gerridetweiler   Special shout out to Joel Jensen at Nav for connecting us together.

  Show Notes: IntrepidEntrepreneur.net/ty-crandall How many times have you filled out business credit applications, and had to use your personal credit to get approval?  Did you know that businesses have a credit report all of their own? This week on Intrepid Entrepreneur, Ty Crandall of Credit Suite is sharing the secret to applying for and building your business' credit, and how to keep your personal credit out of it. He's explaining how to get your business ready to apply for credit, and where to go first to build this credit. I'll give you a hint: it's not the bank. We're also digging into the benefits of working on business credit instead of personal credit. As Ty says, “Anybody can bootstrap a business, it just takes longer.” There's so much important, practical business information in this episode, so get ready to take notes on this one!  Bravery in Business Quote “The truth behind crowdfunding is they're set up that way. . .They already had tons of money from people.” -- Ty Crandall (click to tweet)   Cliff Notes   Ty Crandall, owner of Credit Suite, a company that helps entrepreneurs build a credit report for their business. People don't realize that their business have credit and a credit score because no one talks about it or teaches them how to start building this credit. A lot of businesses qualify for financing, but don't know where to get it since bank loans are often the most rigorous to obtain. Anybody can pull your business credit report without permission. For personal credit, people need permission but business information is public. It doesn't take much time to get your business credit started. But it takes more time to build your credit, fill out applications, etc. Just like personal credit, business credit grows and changes with the business. If you have the business credit, you won't need to ensure your business' finances with your personal credit, but can rely on the company's EIN and credit score to get financing. It's a great way to protect your individual finances. Business credit can speed up the start time of your company, because it gives you access to more funding and makes your business more credible. You can finance everything with your own credit, but it takes longer. Crowdfunding can require a lot of money upfront. A lot of successful crowdfunding drives come into it with a lot of backers and financial support and are using the campaign as more of a PR event.   Steps to Building Business Credit Get your business credible on paper. Need: website, email address, address, phone number, specific to your business even if you work from home. Make sure every line on an application Go to “secret” vendor sources that will give credit to your business. They will give you credit even when you have none, and will report it to business credit reporting agencies so you can start building your credit. Take that to major businesses/retailers to apply for business credit cards. Start leaving out your SSN on applications. Leave that blank so that they will have to start pulling your business' EIN to check business credit instead of personal credit.   “You can really go out right in the beginning and start obtaining capital through business credit without that personal guarantee“ - Ty Crandall (click to tweet)   Resources CreditSuite.com YouTube.com/channel (youtube channel)   Show Notes: IntrepidEntrepreneur.net/ty-crandall  

As a consultant, Frank Ross is constantly asked questions like “What are the reasons companies succeed?” or “What do other companies do to make more money?”Recently, however, Ross was asked – “What are the Top 10 reasons companies fail?” Typically, consultants tend to be optimistic and think about the positive reasons why businesses are successful and use this information to help their clients grow their businesses. This time Ross is going to discuss the downside risks to running a business and try to help all of us avoid as many as we can.Here are Franks Top Ten Fails (or bottom ten): 1. Lack of Cash Flow 2. Drive by Estimating 3. No Job Tracking 4. No Pricing by Profit Center 5. No Financial Reporting by Profit Center 6. No Budgets 7. No Long Range Planning 8. Lack of Labor Control 9. No Overtime Controls 10. No Ownership of BenchmarksBorn in Charlotte, N.C., Ross is involved in several companies, all having to do with working with contractors to make them more profitable, including Ross-Payne & Associates, Inc. (started in 1973), 3 Point Group, Inc. (started in 2009) and A Better Way 2 Learn, LLC (started in 2011).Ross received his bachelor's degree from NC State in Chemical Engineering, and went on to receive his Masters from the University of N.J. in Psychology. He is the author of "Pricing for the Green Industry" and "Financing Your Business" and was inducted into the ANLA Hall of Fame and Who's Who in America. Ross has held various positions on industry boards and is married to his lovely wife Barb. Together they have 5 children and a dog.For more information, visit www.3pgconsulting.com or www.abetterway2learn.com.

As a consultant, Frank Ross is constantly asked questions like “What are the reasons companies succeed?” or “What do other companies do to make more money?” Recently, however, Ross was asked – “What are the Top 10 reasons companies fail?” Typically, consultants tend to be optimistic and think about the positive reasons why businesses are successful and use this information to help their clients grow their businesses. This time Ross is going to discuss the downside risks to running a business and try to help all of us avoid as many as we can. Here are Franks Top Ten Fails (or bottom ten): 1. Lack of Cash Flow 2. Drive by Estimating 3. No Job Tracking 4. No Pricing by Profit Center 5. No Financial Reporting by Profit Center 6. No Budgets 7. No Long Range Planning 8. Lack of Labor Control 9. No Overtime Controls 10. No Ownership of Benchmarks Born in Charlotte, N.C., Ross is involved in several companies, all having to do with working with contractors to make them more profitable, including Ross-Payne & Associates, Inc. (started in 1973), 3 Point Group, Inc. (started in 2009) and A Better Way 2 Learn, LLC (started in 2011). Ross received his bachelor's degree from NC State in Chemical Engineering, and went on to receive his Masters from the University of N.J. in Psychology. He is the author of "Pricing for the Green Industry" and "Financing Your Business" and was inducted into the ANLA Hall of Fame and Who's Who in America. Ross has held various positions on industry boards and is married to his lovely wife Barb. Together they have 5 children and a dog. For more information, visit www.3pgconsulting.com or www.abetterway2learn.com.

As a consultant, Frank Ross is constantly asked questions like “What are the reasons companies succeed?” or “What do other companies do to make more money?” Recently, however, Ross was asked – “What are the Top 10 reasons companies fail?” Typically, consultants tend to be optimistic and think about the positive reasons why businesses are successful and use this information to help their clients grow their businesses. This time Ross is going to discuss the downside risks to running a business and try to help all of us avoid as many as we can. Here are Franks Top Ten Fails (or bottom ten): 1. Lack of Cash Flow 2. Drive by Estimating 3. No Job Tracking 4. No Pricing by Profit Center 5. No Financial Reporting by Profit Center 6. No Budgets 7. No Long Range Planning 8. Lack of Labor Control 9. No Overtime Controls 10. No Ownership of Benchmarks Born in Charlotte, N.C., Ross is involved in several companies, all having to do with working with contractors to make them more profitable, including Ross-Payne & Associates, Inc. (started in 1973), 3 Point Group, Inc. (started in 2009) and A Better Way 2 Learn, LLC (started in 2011). Ross received his bachelor's degree from NC State in Chemical Engineering, and went on to receive his Masters from the University of N.J. in Psychology. He is the author of "Pricing for the Green Industry" and "Financing Your Business" and was inducted into the ANLA Hall of Fame and Who's Who in America. Ross has held various positions on industry boards and is married to his lovely wife Barb. Together they have 5 children and a dog. For more information, visit www.3pgconsulting.com or www.abetterway2learn.com.

As a consultant, Frank Ross is constantly asked questions like “What are the reasons companies succeed?” or “What do other companies do to make more money?”Recently, however, Ross was asked – “What are the Top 10 reasons companies fail?” Typically, consultants tend to be optimistic and think about the positive reasons why businesses are successful and use this information to help their clients grow their businesses. This time Ross is going to discuss the downside risks to running a business and try to help all of us avoid as many as we can.Here are Franks Top Ten Fails (or bottom ten): 1. Lack of Cash Flow 2. Drive by Estimating 3. No Job Tracking 4. No Pricing by Profit Center 5. No Financial Reporting by Profit Center 6. No Budgets 7. No Long Range Planning 8. Lack of Labor Control 9. No Overtime Controls 10. No Ownership of BenchmarksBorn in Charlotte, N.C., Ross is involved in several companies, all having to do with working with contractors to make them more profitable, including Ross-Payne & Associates, Inc. (started in 1973), 3 Point Group, Inc. (started in 2009) and A Better Way 2 Learn, LLC (started in 2011).Ross received his bachelor's degree from NC State in Chemical Engineering, and went on to receive his Masters from the University of N.J. in Psychology. He is the author of "Pricing for the Green Industry" and "Financing Your Business" and was inducted into the ANLA Hall of Fame and Who's Who in America. Ross has held various positions on industry boards and is married to his lovely wife Barb. Together they have 5 children and a dog.For more information, visit www.3pgconsulting.com or www.abetterway2learn.com.

In a series of pieces, Jon turns personal finance cliches on their head with a look at how the tools of business (balance sheets, profit and loss, income statements) can provide a whole different basis for thinking about money - and funding your own subversive projects. Or: investing in assets that matter.