My first interview is with Pat Gage about business lines of credit.

Here are some of the question I ask.

• What is business credit and why do I need it?
• Does this system work only for big companies?
• Will this system work with any type of business?
• What are the advantages of Business Lines of Credit?
• Can’t I just use the equity in my home to fund my business?
• I really do not need another Credit Card?  Do I?
• What can I use the Business Lines of Credit for?
• What are the interest rates that the banks charge for this type of credit?
• What does unsecured Business Lines of Credit actually mean?
• Why do banks and lending institutions do this type of loan?
• Are there any Fees associated with these lines?  Up front or monthly?
• What types of Business Credit are there?
• How many Business Credit Bureaus are there?
• What if I have Good Personal Credit, will these loans hurt my credit?
• What if I have Bad Credit can I still apply this system?
• Typically how long does it take to get started in receiving these offers?
• What if I do not pay these loans back?
• What have you raised in the last year of Business Credit?

Plus more.  Enjoy. You can also get this as a podcast in your favorite podcast application.

[gplayer href="http://abundanceunlimited.com.s3.amazonaws.com/BusinessLinesOfCredit.mp3" ]Business Lines of Credit[/gplayer]
Or download Business Lines of Credit mp3

Business Lines of Credit is a post from: Abundance Unlimited
Check out Christopher's book Play Prosperity Games. Learn how to create new business ideas based on what you love.

Richard Branson back in the early 70′s would sell records, get the order and then buy them from a wholesaler and ship to the client.  He got paid before he spent the money.

Build up your clients and then start investing your profits into more and more marketing.  And good marketing, don’t spend it on branding.  Don’t follow what the big brands do that is just a complete waste of money.  Instead spend it on things you can track the numbers on.  No numbers then don’t do it.  Start off slow and learn what works.

Only get financing when you know for sure you can get more clients that you can handle but don’t have the cash to do it.  You’ve proven to yourself and your bank that you can add many more clients.  Don’t finance it with credit cards.  That rarely works.  Get a business loan.  If you can’t convince your bank then you should seriously look their concerns.  You may be to attached and need to rethink.

I get concerned when people have a lot of money to spend on their new business because they tend to spend poorly.  I’ve seen many people go thru $100,000 or more on training, seminars without making one cent.  They constantly are learning and not doing.  The people with little money, proceed forward more smartly and have a higher success rate.

Money can and does solves problems but you need to know when and how to use it.  If you’re just starting off with your first business then be cheap and proceed slowly.  Constantly learn but always implement on a daily basis.

Learn, do, rinse repeat.

Money solves all problems, yeah right is a post from: Abundance Unlimited
Check out Christopher's book Play Prosperity Games. Learn how to create new business ideas based on what you love.