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The Business Credit and Financing Show

The Business Credit and Financing Show is produced by Credit Suite and hosted by Ty Crandall, business credit expert and best-selling author of Perfect Credit and Business Credit Decoded. Each week we talk about the business growth strategies that matter most to entrepreneurs. Listen in as we discuss the secrets to getting credit cards, loans, and credit lines to start and grow your business, even when you think you can’t get financing at a bank. And enjoy as we talk with seasoned business owners, coaches, influencers, and industry leaders on a variety of business growth strategies from how to market, hire, scale, increase revenue and profit, and the nuts and bolts of running a highly successful business. Listeners leave every 30-60-minute episode with actionable information you can use to start, grow, and fund a highly profitable business.
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Now displaying: July, 2018
Jul 31, 2018

Technology is changing the very nature of work.  The rise of automation appears to be both destroying old ways of doing business while unlocking our “human” potential - to be creative and connected, aligning our work to purpose.  But navigating this new world comes with challenges. There are 1000’s of options to systemize a business.  With an extensive background in large scale IT and project management, Scott Gellatly, founded Scale My Empire after recognizing this growing overwhelm of solutions on the market and the need for smart, cost effective technology strategies for Entrepreneurs and Small Business Owners.  After many years of technology consulting and implementation, Scott has built a framework that can help any business owner to take control of the systems and scale up their business.

 

During This Show We Discuss…

What you need to know about digital transformation and digital disruption 

The different elements of digital transformation

The systems that you help business owners the most

What “the internet of things” is and what you should know about it

How blockchain technology is changing the way businesses operate

How artificial intelligence is changing the way we do business

What automated and visual reality will mean for business owners

How the user experience customers are having is changing with newer technology

Types of automation every business should be using

Types of digital platforms every business owner should be using

The best “tech stack” a business owner should have

The best CRM systems you should consider using

How to remove barriers while trying to adapt new technology

Simple steps to take to start systemizing a business

How to prioritize what to systemize

Unforeseen risks of changing to newer tech that you should know about

The best way to introduce new systems and tech to an organization

The core metrics that business owners should be tracking

And much more...

Jul 24, 2018

During this show, you will discover …

How taking steps to assure business legitimacy translates into far better chances of getting the business credit your startup needs

How fast you can get business credit … and how you can use it to build your startup

How building business credit benefits your consumer credit … and how keeping the two separate helps keep your consumer scores high

Why your lender wants your startup to look and feel legitimate … and how you can give forth an aura of legitimacy from the very beginning

How a business phone, fax, 411 listing, email address all matter to your lender … and how to easily give a lender exactly what they want and fewer reasons to turn you down

How your website adds legitimacy and gives you control over the story your company tells your lender … and why learning about your company from your website is so much better than your lender getting it from your competitors

How even your business email address factors into the impression of legitimacy … and why you shouldn’t even think about using Gmail!

How getting an EIN, a D-U-N-S number, and setting up a business entity foster feelings of legitimacy … and how these steps assure a lender of your commitment to your startup

How your personal credit score matters … and why maintaining an excellent payment reputation pays dividends

How Unsecured Business Financing can get you the cash you need now … and without exposing your company’s assets as collateral

How the Unsecured Business Financing process can get you 5 – 8 business credit cards with outstanding benefits and 5x the amount of your current highest limit account … and why working with a company specializing in obtaining Unsecured Business Financing gives you a far higher chance of success

Why developing tradelines matters for building business credit … and even nonreporting tradelines help

How you can move onto revolving store credit, fleet credit, and cash credit and how you can have excellent business credit in a mere 60 days

Why your payment history is the most important aspect of your business credit score and how on-time and in-full payments make a substantial difference

Jul 19, 2018

During this show, you will discover …

The names of three highly recommended true starter accounts which will help your company build business credit easily and quickly. You won’t be turned down!

How building business credit helps protect your personal credit scores

Why lenders and vendors want your business to feel legitimate to them – and the steps you can take to do that.

Where the IRS comes in – and how getting and EIN and choosing the best business entity will save your company money later

The order in which to build business credit, so you won’t be turned down

How getting a D-U-N-S number is vital to getting your first trade credit and kicking off the credit building process

Plus where to get your free D-U-N-S number

The names of true starter accounts so you won’t waste time hunting for them

We even tell you where to find them online and how best to build credit with them

How even non-reporting accounts can help your business

How and why you want to monitor your business credit and make sure your company’s business credit scores continue to improve, because good business credit scores make for better opportunities

We even show you how to save money on monitoring

How and when to move onto revolving store credit, cash credit, and fleet credit, and how all of these can help your business grow and thrive

How responsible credit management will more effectively help your scores than just about anything else you can do

And much more...

Jul 17, 2018

Kyle Hayungs expertise in capturing opportunities by closing exclusive deals, creating and implementing marketing strategies, and building multi-million-dollar businesses has led to be recognized as Entrepreneurs Below 25 People to Watch. He has been nationally recognized for his sale’s engineering by successfully raising over $25 million dollars in funding for new companies, as well as coming back from a troubled past to bootstrapping 3 companies in the last 5 years that have done over $10 million dollars in sales.

Kyles company Aspire Payments is an ATM, high-tech kiosk and credit card processing franchise that utilizes 22 different revenue options, including blockchain technology. He also runs Merchant’s Resource Group which assists small-mid size businesses in the areas of credit card processing, web development, custom software, marketing, sales development & automation, print, operating services, copyright and trademark IT development, and more. Past clients include: Coca Cola, Toyota, Singapore Airlines and Chevrolet. 

Kyle holds a Bachelor of Science in Business Administration and Vascular, General, and Obstetrical Sonography with a minor in Marketing. His philanthropy work focuses on veteran affairs, single mothers, first responders, and mentoring terminally ill and at-risk youth through organizations such as Beauty for Freedom, Ferrari Kid, Southwest Keys Program, ICON Talks and Living Beyond A Dream.

 

During This Show We Discuss…

How to overcome adversity and succeed

The fundamentals that are essential when starting a business

How to focus on running just one business at a time

How to succeed with starting a business with little money

The major components to focus on when growing a business

How to grow a business with little cash

How to raise funds to grow your business

How to actively manage multiple businesses

How to find the right people to grow and scale a business

How to build a truly-effective team

How important systems are in building a business

Why it is important to give back and help others

How to Franchise a business

How to easily get your own franchise

And much more...

Jul 12, 2018

During this show, you will discover …

How knowing your numbers gives you an honest assessment of your business … and how it sets your company apart from and above your competition What a P&L is and why you want one, even before a lender asks for it

Where Net Revenue and Cost of Goods Sold come in

What Gross Margin and Fixed and Variable Expenses are

How to figure Earnings Before Taxes and Net Income

How comparing P&L statements over time gives you a handle on the health of your business

What Gross Profit Margin is, and its relationship to Cost of Goods Sold (COGS)

How Operating Profit Margin measures company pricing strategy and operational efficiency

How Net Profit Margin measures the % from each dollar of sales a company keeps in earnings

How Operating Ratio shows how efficient management is … how rising operating ratios mean inefficiencies and falling operating ratios indicate efficiency

How trend analysis can give you a handle on whether your business is moving in the right direction … or not

And how you can use trend analysis to determine if your business needs a course correction

How knowing your numbers gives you an honest assessment of your business … and how it sets your company apart from and above your competition

Jul 10, 2018

Tim Alison is a lifelong entrepreneur, business coach, best-selling author and host of the Screw the Naysayers Podcast Show. At age 31 Tim walked away from a six-figure income and moved to a tiny fishing village in Nova Scotia, Canada. The naysayers laughed when he said he was starting an educational software company. They stopped laughing when sales topped $10 million. His life philosophy is simple- Know the Life You Want and Have the Courage to Live It.

During This Show We Discuss…

What is screw the naysayers all about

The 7 attributes of a happy entrepreneur

How to discover what truly makes you happy

How to find out what you REALLY want in life

Running a business is hard, how to do it and stay happy

Why the system is rigged for most people to settle

How important it is to live a life that aligns with your values

What the education system is doing that holds people back

The types of barriers that hold most entrepreneurs back

The types of false beliefs that hold most entrepreneurs back

How entrepreneurs can ignore the naysayers and press forward anyways

How business owners stay objective

The types of things that cause entrepreneurs to sabotage themselves

And much more...

Jul 5, 2018

During this show, you will discover …

Where the CRAs get information on your business online …

… and how you can help to put your companys best foot forward

That all business credit reporting agencies have the same mission …

… to measure if your business can pay its bills on time

Why business credit scores are not identical but should generally be close

Which public records the CRAs look at and why

Which information they get from the IRS

What creditors can voluntarily disclose

What you, the borrower, can disclose voluntarily …

… and how that information can help you

What the D&B Rating is …

… and why startups have such low D&B ratings

Where shared data enters the picture

How the CRAs get information on UCC filings and collections

What the CRAs are looking for from the Federal government

Where even news stories and press releases figure in

How you give up information to the CRAs every time you enter your company information into a directory, or you register your business, or if you incorporate

Where the CRAs get information on your business online …

… and how you can help to put your companys best foot forward

And much more...

Jul 3, 2018

John Matheson is the CEO of Commercial Loan Success, a software and education platform designed to help small business owners and property investors make more informed financing decisions. Using the Commercial Loan Success loan analysis software platform, commercial borrowers and commercial lenders can communicate more effectively, and borrowers are able to approach commercial lenders more confidently, already knowing that their transactions are lendable. Through Commercial Loan Success, John hopes to provide the resources and educational materials that small business owners, entrepreneurs, and real estate investors can use to confidently obtain financing and grow their businesses profitably, all without being at the mercy of the predatory lenders.

John is also the managing member of J. Healy Development, LLC. The company specializes in developing new projects into sustainable properties. John has been in the property development business for 26 years, and has been involved in transactions for developing, permitting, and/or financing of completed projects totaling over $50 million. Through J. Healy, John focuses on making multifamily, mixed-use, storage, and other commercial development properties more green and sustainable, lessening a propertys footprint while increasing its value.

 

During This Show We Discuss…

The factors that affect a business owners ability to get loans

Why most business loans are getting denied and how to get yours approved

What business owners can do to show they are worth investing in

What business owners can do to become more lendable

The numbers and financials lenders are looking at most

What within the numbers lenders are really looking for

The types of metrics lenders mostly use to make lending decisions

The banks that are lending more than others

How important it is to have assets to get an SBA loan

How important consumer and business credit are to qualify

The type of financials and financial data lenders are looking at

What lenders are looking at when it comes to investment properties

What property metrics lenders are looking at

How lender qualifying requirements change from a loan to a line of credit

How important it is that someone know their lendability before they apply

What business owners should be doing to build relationships with lenders before applying

And much more…

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