Is Your Business Financially Naked?

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The #1 Reason Businesses FAIL is Lack of Cash Flow.

Does your Business have the Proper Lines of Trade Credit and Cash Lines Established? Are You Losing Business Because of a Weak (or no) Business Credit Profile? One of the main reasons you incorporated or formed an LLC was to separate your business assets from your personal assets. This will help you limit your liability and have a better marketing advantage when it comes to joint ventures (the fastest way to grow your business especially host-beneficiary relationships).

The key is to separate for success. The biggest mistake we see is many entrepreneurs invest all their money to separate their personal and business assets but NEVER separate their personal and business credit (at least not properly).

4 Critical Reasons to Separate Business Credit (in your entity) from Your Personal Credit:

1. It is how your business will be evaluated for business and joint ventures. You may be losing clients, bids, vendors and joint ventures without even knowing about it. Why? The best way to check out a company’s financials is to invest $60 $150 with Dun and Bradstreet® to pull a report. This will tell you everything you need to know about someone’s business. Most of you will NOT like what you will see on a report of a joint venture company or key vendor. FYI, an 80 Paydex score will not cut it.

In fact, I would strongly recommend you pull a report on your own company. Go to DnBCredit Report for the options, you may be shocked as to what you see (or don’t see)! How do You Feel Standing Financially Naked in Front of Your Customers? Now it may be time to fix that and put your “financial clothes” on. Look at it this way; how does someone check out your company and what you say about it? Does your story add up? Can someone simply call the bank to pull your last three months of bank statements? No, that will not happen. Can someone call the IRS and ask to see your last three years tax returns to see if the numbers add up to the “story” you are painting about your successful company? Absolutely not. The best option that one can do to “check you out” is to invest the $60-$150 at D&B® and pull a report on your company. Company’s right this very minute are losing millions in revenues because JV partners, clients, vendors, and potential customers are deciding NOT to do business because of a very weak looking D&B® report. Now your business should have a strong business credit profile with Corporate Experian® and Business Equifax® in addition to D&B®. It is not only about separating your personal and business credit and securing access to more vendor and cash lines of credit, this is vital to any business success.

2. Whether you like it or not, Corporate Experian® is NOW creating profiles on companies through the SOS’s database on new filings. This means a profile is being created and you do not know what it will say to your potential customers (unless you know how to develop it properly).

3. Develop vendor lines of credit to protect your cash flow AND put your business in a better position to secure CASH LINES of credit to grow your business. As you know the banks have raised the bar dramatically on what is required to secure a bank line of credit. One key component is the amount of vendor credit granted to your business-not just an 80 Paydex score.

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Don’t Take My Word For It

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Anytime you’re visiting unfamiliar territory, it always helps to get travel tips from someone who’s made the trip before you – someone who knows the wrong turns to avoid and how it feels to be a newcomer.

Meet Kevin and Melissa Knecht – a husband and wife entrepreneurial team wrapping up one of their most successful and abundant years ever!

Click here to watch their video: http://budurl.com/WhyLaunchWithNCP
 

How did they do it? Kevin and Melissa are happy to share their secrets with anyone who’s ready to take their business success to the next level. Certainly they already had the desire, determination and a clear vision of their destination.

What they were missing was a complete business foundation that could multiply and protect their profits. After some heavy comparison shopping for someone to walk them through the process of forming a corporation or LLC, they decided that NCP was the best value.

Sure, we could go on about the comprehensive process we took them through – but no one can explain what this experience did for their confidence and earning power better than Kevin and Melissa. They share the important highlights in this quick video.

If you’re ready to put your business on a powerful new success trajectory in 2014 like Kevin and Melissa did, NCP is ready to help! You’ll be amazed how fast, complete and affordable our system is. Take the next step and call us today at 1 (888) 627-7007 or (702) 367-7373.

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How to use your IRA to Fund Your Business Grow

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If you believe in your business and think it has the potential to be a long-term success, why not make an investment in it using your retirement plan? Can it be done? You bet it can, using a so-called “self-directed Retirement Account.”

It can be one of the most powerful and easiest ways to fund the start up or expansion of your business.

By converting your previous retirement account into a self-directed account you can stop borrowing money from the bank. Here is the best part, instead of paying back interest to a bank to help fund your start up company or expand your business you can borrow from your own account without taxes and without penalty and then pay yourself back the principal and the interest.

Now, that’s powerful!

We have put together a free video that explains the benefits of converting your existing retirement account into a self-directed retirement account.

You can watch the BRAND NEW video right here.

Some additional benefits of a self-directed retirement account allows you to invest in what you want, by using your individual retirement account. The investment possibilities are endless, but here are some of the most popular picks from clients:

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The Top 5 Strategies for Free and Fast Traffic…

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From: Scott Letourneau
Re: October 11th, Top 5% Club Interview with Jim Chianese,

known as “Jump Start Jim” The World’s Only Marketing Resultant for The Impatient Entrepreneur.

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Click Here for Full Details:
http://budurl.com/JimChianese
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Wikipedia defines the word entrepreneur as an owner of a business enterprise who makes money through risk and initiative. It goes on to say it is a term applied to a person who is willing to help launch a new venture or enterprise and accept full responsibility for the outcome.

One definition of the word impatient is to be eagerly desirous,
according to the Merriam Webster Dictionary.

Combine the two and you get someone that is an owner of a business that is eagerly desirous to succeed and will take full responsibility for the outcome of that business.

Jim Chianese (Key-a-nay-say) or better known in marketing circles as “Jump Start Jim” is The World’s Only Marketing Resultant for The Impatient Entrepreneur.

As the author of the soon to  be released Impatient Entrepreneur Series of books and an Internet Marketing Consultant for a publically traded company, Jim has had the opportunity to speak to international audiences about subjects such as Social Media, SEO, Lead Generation and Selling High Ticket Services for the small business owner.

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Sales Strategies for Your Business to Survive and Prosper During a Recession!

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From: Scott Letourneau
Re: September 13th Top 5% Club Interview with Mega Marketing, Inc. Founder, Vincent Zirpoli

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Click Here for Full Details:
http://budurl.com/VincentZirpoli
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There are so many marketing strategies, systems and approaches to grow your business and it can be overwhelming. Whether your business is struggling to bring in revenue or your niche is prospering during these economic times, the ability to accurately measure results and determine where improvements need to be made, will stop the costly “new shinning object” syndrome that will lead to bankruptcy.

The “new shinning object” syndrome is when you jump from one new marketing strategy to the next almost on a weekly basis because nothing seems to work and you may be running out of cash quickly.

That approach never works.

You will learn the system that works, no matter what the economy is that will give you the feedback to focus on where improvements need to be made in your business to be a part of the Top 5% that succeeds after five years, vs. the 95% that fail.

Whether your business has 1 or 100 employees… even if you have been managing for 20 years — I guarantee you will have at least several invaluable “aha!” moments when I interview our special guest, Vincent Zirpoli, President of MegaMarketing, Inc.

Mr. Zirpoli has graciously agreed to share a wealth of knowledge garnered from his experience in managing a 1300-person organization and working with more than 500 companies during his prominent marketing career!

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Jordan Goodman the Money Answers Man

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Discover the best ways to secure capital for your small business on Monday June 20th on the Money Answers Show. Jordan Goodman will interview Scott Letourneau, CEO of Fast Business Credit, Inc. and Nevada Corporate Planners, Inc. on detailed strategies that you can implement immediately!

You will learn how to work with the business credit bureaus to get your business in a position to be both CREDIBLE and FUNDABLE fast!

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