| How Robert Townsend Used the Wrong Way to Finance His Early Movie, Elroye's Blog # 4. |
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| Written by Elroye Jones | |
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In the coming year you should make getting Other People's Money for your Business as one of your, New Year's Resolutions! You will put OPM on steroids when you get serious and make a commitment to focus on getting continuous rounds of financing for your business. You do know your personal credit has a limit? There is only so much you can borrow as an individual. But a corporation can borrow as much as a lender will give for the value you can build up in your company. If you are really serious you need to let me help you put your company on OPM steroids. Here is a fast sure way to finance any business project you can conceive. Visit me at www.betterbizbuilders.com/elroye This week hear about: How Robert Townsend Used the Wrong Way to Finance His Early Movie The 411 Props Hook Ups
THE RIGHT WAY AND THE WRONG WAY TO INJECT CASH AND CREDIT INTO YOUR BUSINESS FOR GROWTH There is a right way and a wrong way to inject credit into your business. The wrong way is to use your social security number and take out a personal loan. The right way to inject credit into your business is to establish business credit without the use of a personal credit check or guarantee. You don't want to
I remember when Robert Townsend financed his first commercially successful film using his personal credit cards. Hollywood Shuffle was a huge risk that paid off. Townsend sparked a trend and many other entrepreneurs followed his example and used high interest credit cards to finance their business ventures. Times have changed since then.
While these methods work I don't want to use them to find money for my business and neither should you. I didn't start my business to make me financially worst off than I was before I had a business. My goal is to increase my financial wealth and strong business credit helps. Now you and I can qualify for business credit with professional guidance to show us how.
I want to provide you with the Like you I have to find ways to grow my business. Some people have it handed to them while others like us have to work our way to wealth. I will help you find financing to expand your business opportunity. You can have a stronger business when I work with you to secure business credit to finance your business growth You will be able to:
Consider that when Spike Lee ran out of cash before he completed the film Malcolm X, there was no way he would have been able to come up with the personal credit he needed to finish. Oprah, Bill Cosby and other investors came to his rescue.
The 411 An Idea Waiting for You to Join Last Blog I told you about the offer to join the BetterBizBuilders.com, and help to build a community of 10,000 people who will network, buy and refer business to each other. That idea is still waiting for you to join. http://www.betterbizbuilders.com/ THE NEXT OPM CONFERENCE CALL It's the end of the year and now is the time to check your business and personal taxes. Call my guy, Hudson, the Tax Dr at 877 908-1040 or visit his website at http://www.taxdrx.com/ The Tax Drx also has a profile on BBB www.betterbizbuilders.com/TaxDoctor The TAX DRx will be our guest at the next call. E mail me your questions and I will address them. The OPM Conference Call is a monthly call. It will be held on the second Thursday of each month. The next OPM call will be Thursday, January 10, 2008, At 9:15pm. 616 597-8000 Access Code 644932#
Advertise Your Business Carlton Campbell has a business offer you should check out. If you come in contact with lots of people you can sell them personalized coffee mugs, mouse pads and other imprint able products that Carlton will set you up with. I spoke to Carlton last week and he tells me he can put my logo and company info on his products as well. Call him and ask about making items for your company you can give away to customers and build good will. Check out his profile or go to his website http://www.personalizedphotogiftonline.com/
PROPS Props to Vivienne for signing up and creating a profile on BBB. Thanks Danielle for that tip on getting a discount Client Relationship Management software. I am putting all of my clients into a database to help me serve them better. Check out http://www.royaldiscount.com/ For great software prices.
HOOK UPS If you haven't separated your personal from your business credit, what are you waiting for? Hook up with me at This e-mail address is being protected from spam bots, you need JavaScript enabled to view it OPM IS THE WAY TO YOUR BUSINESS CREDIT ACCEPTANCE Get Continuous Rounds of Business Credit and Loans. These are the 5 steps you need to take to separate your personal from your business credit. Prepare your business for credit by registering the business as a corporation or Limited Liability Company; set up a business bank account and business phone Identify products and services your business needs that you can buy using trade credit Let's build a business finance and marketing plan before you ask for your business credit rating Object to co-signing for business credit using your personal credit and social security number Tighten up your business credit rating by submitting this information to the business credit reporting agencies. So there are the 5 steps I will badger you about until you have used them to navigate your business to economic success. E mail me at This e-mail address is being protected from spam bots, you need JavaScript enabled to view it Remember to Ask for what you want Prepare to receive it Give thanks to God And Share your good Fortune with others
See you on the site http://www.betterbizbuilders.com/elroye
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