What could you do in your business if you had access to the money you need to grow? Maybe you need stable cash flow for your start up. Maybe you need cash to hire a coach or enroll in training programs that can help you succeed. There are lots of reasons we need money in our businesses.
Today I want to share with you a guest post from Shameca Tankerson, The Money Messenger.
I encourage you to check out her upcoming program, Cash Flow and Capital Secrets There's a super special deal on this for the next 48 hours only and you can hear about it if you listen in on the free webinar training Shameca offered this week:
So when you join us for this NO Cost Business Training call you'll discover:
- How to shift your thinking to actually notice new financial opportunities (one of the hardest things to do when you're strapped for cash!).
- 5 money getting secrets she uses to transform your business from “cash flow roller-coaster” to financially flourishing and how to access her secret rolodex of sources for cash right now.
- How to leverage other people’s money to grow your business and keep yourself out of the high-pressured situation to make money “yesterday’, using her complete, step-by-step “money getting” blueprint (it's my favorite part of her program - it's like cash-creation 101 - simple, yet ultra-effective).
- A simple CHECKLIST outlining exactly what you need to focus on to increase cash flow in your business.
- The one simple change you can make to your business that will literally give you access to unlimited capital - even if you’re just starting out and run a very small business! (I never hear people talk about this!)
And remember, it's not about creating a new product, or joint-ventures, or "manifesting" money, and you don't need years in business, a 32 page business plan, a huge company, or perfect credit.
Get access to the replay here: The Truth About Money, Debt & Credit
By Shameca Tankerson
The Money is Already Here! It has not left the planet.
Contrary to popular belief and the financial doom and gloom stories you here on the news, Money HAS NOT left the planet. The biggest objection I hear from people working with me is, “I would love to, but I don’t have the money”. AND I know it is the biggest struggle you have when landing clients, as well. Out of all the objections for people to get the help, support, coaching, or consulting they need, money is the biggest. I have spent a lot of time finding ways to coach people into reality. The reality is two things:
1) We always have the money to do the things we REALLY want to do.
2) You always get exactly what you need when you need it.
If you believe Universal Truths of Abundance you will know the money is always there. Now, I do know some people do not know where to look for the money and that is where I come in. I thought it would be very helpful to share this with you for two reasons:
First, you might be telling yourself you can’t get the support you need because YOU don’t have the money.
Maybe this will help.
Secondly, it will help you in speaking to clients who say they don’t have the money.
So, here we go – 10 ways to get the money you need every time!
1) Business Loan. There are many small lending institutions (especially locally owned banks) that want to help finance small business because the entrepreneurs are doing well in this economy.
2) “Business Loan.” This is what I call a job or part time job. I think if you TRULY believe in your dream then you must do whatever necessary to realize that dream. A stream of income will help you go from NEEDING clients to wanting clients. And do not look at it as a job – it is a business loan to fuel your start up.
3) 401ks and other investments. Your accountant will probably tell you this is a horrible idea but is very possible to use some of your retirement as seed money. That money can definitely be used to grow your business. With so many retirement accounts shrinking with the craziness in the market be very aware that one very good investment you could make is an investment in YOU. There are even ways to roll the funds into your business with NO penalties.
4) Low Interest Rate Credit Cards. We have a really messed up view of credit in this country. Debt has been made to seem evil (I could go on for days about this), but good debt is a very useful tool. In fact when structured properly business credit cards will not show up on your personal credit report so there’s no negative impact to your FICO score for having to much debt. Good debt is debt you incur to finance a project or dream that will give you a return on investment and you have a plan to pay it back. You are using it to learn, grow, and develop to bring in revenue from your business. No one really blinks at student loan debt, but we all get nuts when we, say, put a coaching program or mentor on a credit card. What’s the difference? There isn’t – at all! One has just been conditioned by society to be okay. Check out the Cash Flow & Capital Secrets course.
5) Got Junk? I have had clients (actually right now) finance their dreams by selling gold, putting cool stuff on ebay, or selling a car they no longer wanted or needed. David Neagle, first financed his dream by selling a boat. Suzanne Evans spent a year selling yard sale finds on ebay to pay for a vacation AND her coaches. See how creative you can get?
6) Get Started NOW! Many of you are waiting to have everything perfect or in place to get clients and make money. I guarantee you know enough now to start working with people. Maybe you will have an introductory rate or special for the first 5 clients you work with, but there is no need to wait. You can start making money now!
7) The Bank of Friends and Family. Many times friends and family are happy to help and will charge you a much lower interest or no interest. If you are in the UK, Australia or South Africa, Richard Branson has made this very easy with www.virginmoney.com He has created a program that helps friends and family create loans and have tracking, accountability, and make them professional and organized. He calls them social loans. Crowd Funding is a more widely used term.
8) Make a Cash Flow Change. Look at your full budget and spending – I have never seen one person or family that didn’t have something they could tweak to find money for their business. Is there a tweak that could be made to your daily spending? Hobby spending? Where is there waste in your weekly budget? Are there services you haven’t used in 60 days or longer that you pay for every month? If so, cancel them. You can always start them again if you need them in the future. It can be amazing how easy it is to find $100 or more a week with small changes.
9) Apply For a Home Equity Line of Credit. Some banks offer home equity lines of credit that let you borrow up to as much as 85% of the appraised value of your home. Depending on the value of your home and what you still owe in other mortgages, that can put a significant chunk of money at your disposal for starting your business. The downside: you’re putting your home at risk. This is not an option for everyone, but it is a great option for some. Always understand your risk and all the details.
10) Make The Decision. You or your clients do not need the money for coaching /mentoring/support until they make the decision to get support and play a bigger game. Anything is possible when you make a decision. Many people think they have made a decision, but here are the facts. A decision is ONLY when there are no other options. There is no failure or stopping buckets to put your balls in. You do whatever it takes. And you will get the support you need to make it happen because when you decide, heaven moves to support that decision.
There is divine provision waiting to fund your dream! Heaven is ready to move on your behalf. The money is already here!
Shameca Tankerson, is a Speaker, Trainer, Author, and Cash Flow Success Mentor to entrepreneurs and service professionals. Using a proven system, she opens a candid dialogue about money that teaches her clients how to breakthrough to their next income level and expand into a cash flowing business with a new collaborative business model that is liberating, Inspiring and Powerful. To Get your F.R.E.E. “Spark Your Cash Flow Financial Success Kit” - Making Room For Money: 5 Financial Mistakes Entrepreneurs Make That Sabotage Their Cash Flow (And How To Avoid Them). Visit: http://www.MakingRoomForMoney.com
Check out Cash Flow and Capital Secrets