1089. Mastering Business Credit: Key Strategies for Entrepreneurs with Amanda Webster
As an entrepreneur, you have a TON on your mind… but is building business credit one of them?
In this episode, we dive deep into the discussion on actionable strategies for business owners to optimize their funding options and build sustainable business credit.
Amanda Webster joins The Kelly Roach Show to share her expertise on structuring business credit, separating personal and business finances, and setting realistic expectations when navigating funding processes.
Whether you're just starting or looking to scale, this episode is packed with essential takeaways to position your business for long-term success and financial stability.
Key Takeaways:-
Understanding the Process:
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The importance of separating personal and business credit for financial health and scalability.
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How a prequalification process ensures you meet criteria before investing in funding services.
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Typical timelines and expectations for building business credit.
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Phased Funding Approach:
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Business credit is built in phases, with three rounds of funding over a year.
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Initial funding often provides a significant chunk, with growth over subsequent rounds.
Timestamps:
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04:12 – Why separating personal and business credit is essential.
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09:25 – How the prequalification process works and what it entails.
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14:35 – Common misconceptions about business credit.
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19:18 – Addressing expectations and the importance of consultations.
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20:07 – Key metrics: Retention rates and money-back guarantees.
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20:48 – Phased funding explained: Three rounds over 12 months.
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Book a Free Consultation: FundandGrow.com/Kelly
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Connect with Amanda: https://www.linkedin.com/in/amanda-webster-coo/
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Business Reinvention Bundle: https://thekellyroach.com/bundle
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KAIROS Mentorship Waitlist: https://thekellyroach.com/kairos2024
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Bigger Than You Audiobook: https://www.audible.com/pd/Bigger-Than-You-Audiobook/B0DMR2FB2P?source_code=ASSGB149080119000H&share_location=pdp
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SUBSCRIBE TO THE KAIROS NEWSLETTER: Faith leadership strategies to bulletproof your business and life that are delivered to your inbox every Saturday morning. https://thekellyroach.com/kairosnewsletterorganic
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