If you're an entrepreneur, you need to read this blog.
I'm a believer in scaling your business the smart way.
What I mean by that is using the money you make with your business and putting it towards an investment that will help you earn more money in the long run instead of normal business expenses.
A fixed mindset would be to take the money you make in your business and scale it paycheck to paycheck. However, this is not the best way to do it.
The better way to do this would be to get access to tens of thousands of dollars at 0% interest and use that to scale your business. If this sounds impossible, let me change your mind.
Where is your money going?
To better explain this, let's create a fictional business to give a better context.
Let's say you have a company that paints homes. When you start out, you probably are limited to a few brushes, and you're paying out of pocket for paint and materials.
You go out and find clients and build up your revenue project by project. You started out with $50,000 and after a few months, you've been able to earn $6,000 that you've turned around and invested in more paint, brushes, gas and other miscellaneous gear for your projects.
This is fine if your company is making money. But with all the expenses you're paying, that's less money in your pocket and absolutely no money for other investments.
Where should your money be going?
When you're ready to make money, start with Credit Stacking.
When you apply for a business credit card through my mentorship, you can get approved for tens of thousands of dollars in business credit at 0% interest.
This is free money that you can use to invest in your business. Imagine how many supplies you can get with $50,000 in business credit!
You can then take the money you make from painting houses and either use it to pay off your debts immediately or, you could do what I do: invest it.
How Credit Stacking can help you earn more money
So, you could have $50,000 cash to start off and spend the $50,000 cash to fund your business. Your business generates a 300% return in 12 months with a return of $150,000.
Or...you have $10,000 cash, and you have the ability to borrow $50,000 through a 0% business card. You use your business credit to fund your business. You also invest $50,000 into real estate. Your business with a 300% 12-month return made you a return of $150,000. Your real estate investment just made you a return of $4,900.
You've now made nearly $5,000 extra dollars because you were able to fund your business through business credit. And that's just on one property! What if you were able to invest in five different properties – or any other project? You now have an extra $25K at your disposal.
If you're wondering where to start with building your business credit, you should join my mentorship. Learn how you can scale your business in the ways top-tier business owners wish they knew when they started.
I look forward to meeting you.