The Good News is....you're in business for yourself. 

The better news.....is that you can find customers where they hang out ....

and hook up with other businesses to increase your profits.  

Before I give you the real deal on these two profit increasers, let me tell you where I come in at ....to help you increase your business ....and..... promote what you do. 

 

Business Credit: Tool for Business Success

I want you to use business credit to finance the growth of your business through me. 

 

You can use personal savings,

personal credit cards,

equity in your home,

borrow from friends and family and so on ...

 

but nothing beats business credit. 

It's like using a fork to pick up leaves....it's the wrong tool.

 A leaf rake will pick up more leaves than a fork. 

Now you wouldn't use a leaf rake to eat your food....because it's the wrong tool. 

A fork is the tool for eating ...just as a rake is the tool for raking leaves.

 

Personal credit is the right tool for taking care of your personal needs...it's designed to keep you within your credit limit.

 

Business credit is the right tool for taking care of your business needs because it's designed to increase as your business needs increases. 

 

Personal credit is limited by your income. 

Business credit increases so you can pay to increase your business plan. 

 

The difference is that you have to actually make more money before you get more personal credit....while business credit allows you to get more business credit to finance the business to make more money. 

 

If you can show how your company uses its money to increase profits...then you can GET MORE MONEY!!! 

 

All I ask is that you use the information provided here to increase your Business...then come see me to increase your business credit to finance your new business needs. 

 

Now back to the show...the commercial is over.

 

Networking for Customers

What's better....finding one customer at a time or finding groups of customers at a time?  You can network and find whole communities of customers at one time.  There are online communities that help you hook up with your target population.  Let's talk about one such online community that helps you meet your target group....face to face.      

 

Meetup.com

This site is hot  for those of you who want face to face contact with people who have a shared interest.  http://www.meetup.com/ is an online free community that lets members sign on to groups who schedule meetings around their special interest.  Yoga, fishing, politics, small business, you name the category you either find it on http://www.meetup.com/ or you can create it.  Meetup is free to members but if you want to start a meetup group.....you pay a small monthly fee.  So for the price of a meal you get to start your own group.  Go on the site...explore...search for groups you may be interested in...join...go to a meetup.

                        

The secret is to profile your customer so you can spot the Meetups  they would be interested in and you sign up to attend them as well.

 

Be Prepared

When you attend a meetup be prepared.  My usual traveling pack consists of business cards, my current offer, and a call to action.  Business cards you know about and your current offer should be attractive and valuable  to your target market.  The call to action is simple...what do you want people to do as a next step.  Call you, email you, give you their contact information, whatever it is....let them know what you want them to do.

 

Joint Venture Synergy

The really big money is in joining with non competitive businesses and sharing your customer list for greater profits.  If I tell my customers to buy from you... then you get new business you never would have gotten.... if not for me.  Then you tell your customers to buy from me... and I will get business.... I never would have gotten...... if not for you.  Now here is where we take it to a whole new level....by creating joint ventures with as many businesses as possible.

 

Imagine creating joint ventures with two, then three, then five, then ten businesses.  Each business has on average.....300 customers....that's 3,000 people you could be in touch with ....3,000 people you all share in helping.

 

 The sum of what we do together......is greater.... than the individual businesses ......because we all are increased by the joining together.  That synergy is a powerful business tool for growing your business. 

 

For more information on how you can create business credit:

 E mail me at Elroye@opmbusinesscredit.com

 

 

 

Remember to

Ask for what you want

Prepare to receive it

Give thanks to God

And

Share your God

Fortune with others

 

 

 

 

 

 

 

 

P.I.L.O.T. are the 5 steps you need to take to separate your personal from your business credit.

 

 Prepare your business for credit by registering the business as a corporation or Limited Liability Company; set up a business bank account and business phone

 

 Identify products andservices your business needs that you can buy using trade credit

 

Let's build a business finance and marketing plan before you ask for your business credit rating

 

 Object to using your personal credit to fund your business.

 

 Tighten up your business credit rating by submitting this information to the business credit reporting agencies.

 

 So there are the 5 steps you can take to make business credit a reality for your business. 

 

 

 

You can't turn the grayest sky blue

Or make it rain

Whenever you want it to

But you can join our online community

 

Maybe you can't turn anything

From old to new

Or live forever if you wanted to

But you can make friends in our online community

 

We are all gonna make some new friends...and that's gonna lead to making some money here on the Better Business Builders Online Community. 

 

Join the http://www.betterbizbuilders.com/

 

I started out on Better Business Builders website to sell business credit and found a larger mission....making friends.  Sure I still want you to buy my business credit services but before we do business let's do.... friendship.  I want this online community to work...don't you?

 

 There are lots of things... you and I ...

can't do...

and if we focus on them...

we will never do anything. 

So let's focus on what we can do....

expand on it....and own it!

 

We can...

join the Better Business Builders Online Community and help our businesses....

by making friends with other business owners. 

 

This is a great business model we have in front of us...

this online community. 

 

Imagine going online each day to check your E-mails,

 

check the marketplace to see your latest ad for your new product promotion,

post a business question on the forum,

 

scan the offers in the marketplace from other business owners, 

Write a blog about your area of expertise. 

 

Scan the community....

view other member's profiles...

see what they do...

connect up with interesting business people....

have fun and make business.

 

This is a great way of doing business because you are connecting with people who you like and respect...sort of a mutual admiration society where everyone benefits. 

 

You can make sales to other people on line... if... you have products that are purchased by other businesses.

 

 

CREATE A JOINT VENTURE

Or ...you can create joint ventures with other businesses where you share customers.

 

Imagine you are an image consulting company with professional clients and you form a joint partnership with an advertising specialty company. 

You write a letter to your clients explaining an offer you set up for them with the advertising specialty company. 

The ad specialty company writes a letter to its clients offering your services.  

You work out a coding system and bang...

any orders coming in with the code...

means a commission is paid out to that company. 

 

Hence the two companies can share clients and both get new business.

 

This is just one joint venture strategy of many...

that is available to all BBB Online Business Community ....

are you ready for one?   

 

 

5 STEPS TO BUSINESS CREDIT

Here are the 5 steps you need to take to separate your personal from your business credit.

 

 Prepare your business for credit by registering the business as a corporation or Limited Liability Company; set up a business bank account and business phone

 

 Identify products and services your business needs that you can buy using trade credit

 

Let's build a business finance and marketing plan before you ask for your business credit rating

 

 Object to using your personal credit to fund your business.

 

 Tighten up your business credit rating by submitting this information to the business credit reporting agencies.

 

 So there are the 5 steps you can take to make business credit a reality for your business.  Be sure you separate your business from your personal credit.

 

For more information on how you can create business credit:

 E mail me at  Elroye@opmbusinesscredit.com

 

 

 

 

 

OPMB, Other People's Money for Business is what you want to finance any business activity you take on.  Everything you do for your business cost you money or time.  So when you borrow money try to do so to pay for an activity that will bring you in more money and profit.  Here are 6 ways you can use OPMB, the money you borrow to earn money by attracting more prospects.

 

• 1. Use OPMB to Fund a Special Event

What is your big event that you put on for your customers, their family and friends?  How about an appreciation dinner, dance, show or performance?  What can you do once a year that your target market will attend and bring in good will for your company?  For clothing companies it could be a fashion show.  How about a bike rodeo for a bicycle store?   

Whatever the event your money is made in getting the list of attendees and marketing to them later.  Imagine your event attracting current customers who bring their friends and family.  Now you have names of prospects you can sell.  This event may cost thousands to set up so borrow the money to do this and keep your cash reserves for operations cost.

 

• 2. Use OPMB to Fund a Periodic Event

Every three months you should have an event to at the very least remind people that you are still in business.   Link these events to the broader things going on in the world.  You could have a periodic event to celebrate the seasons, (summer sale, fall closeout, winter wonderland, and spring sale).  Celebrate sports, (football, baseball, basketball, tennis, soccer, and fishing).   Celebrate holidays, (MLK Day, Valentine's Day, African History Month, Mother's Day, Father's Day, Independence Day, Back to School, Halloween, Thanksgiving, Christmas, Kwanzaa, Hanukah, and so on).          When you write the budget, add in how much new business you will attract by selling products and services that fit the event.

 

• 3. Use OPMB to Fund a New Target Market

Let's say you have sold quite a bit of products and services to your target market.  So now may be a good time to go after that second target market you held back until your primary market was addressed.  Now is the time to design material and events to attract your secondary market.  You will need additional funding to do this with, OPMB is the way.

For example, you have reached parents to buy for their children, now go after grandparents.  Ask yourself who is the second largest group of people who buy from me?

 

• 4. Use OPMB to Fund a New Product or Service

If you have a product that doesn't have a service, develop a service.  If you have a service that doesn't have a product, develop a product.  If you sell clothes, develop an image consulting service.  You can help your customers pick clothes that compliment their body type and lifestyle.

If you have an image consulting service develop a clothing line or write a book about image consulting.  Too busy to write a book, get a ghost writer to write it for you.

                                                                                           

• 5. Use OPMB to Fund New Staff

Are you bogged down in detail and finding it hard to focus on bringing in new business?  If you are feeling overwhelmed, then you can clone yourself or hand over certain repetitive operations to an assistant.  Funding this new position for a few months will give you a chance to increase sales to pay for the new position out of revenue.

 

• 6. Use OPMB to Fund Personal Selling

Here's the best for last strategy for using credit to fund activities to bring in new prospects.  Hire commissioned sales people.  Commissioned sales people are paid out of the new business they bring in so their commission check doesn't cost you a penny.  But you do need money for the sales material and events you have them conduct.  Here is where you can tie all of the other activities together by having sales people at all annual events, periodic events, talk to new markets, and sell new products or services.

 Boy! After all of that writing and outthinking myself I need a little fun.  Let's see what are my options?  A movie, date, dinner, sports, bath, meditate, or just to sit here and think about how much fun you're gonna have doing all of these things and raking in the dough!

Sayonara!

 

 

 

Yes Virginia there is a better way to fund your small business other than maxing out your personal credit cards, borrowing from parents, cashing in your IRA, taking a second mortgage or any number of insane funding plans.  Of course you have to know another way of getting money or you will fall into the trap of using your personal credit and short changing your business to the point of killing it.

Yes I said Killing Your Business.  Just like blood is the source of life for us, money is the source of life for a business.  James Brown, the Godfather of Soul, is famous for saying, "Without an Education you might as well be dead". 

Well if he were talking business he would agree that, "Without financing, your business might as well be dead."

So what do the big Dawgs in the fortune 500 companies do?  Do they use their personal money to fund business projects? 

I don't think they would be able to come up with all the money they need by:

•·        Using their credit cards

•·        Borrowing from their parents,

•·        Cashing in their IRA's,

•·        Taking a second mortgage or

•·        Any other similar plan

Why?

Because even if they did all of those things the amount they could raise would fall far short of the amount they need. 

Take DT for example, he has an opportunity to buy a hotel for five million dollars.  His personal credit can get him one million.  So where does he go to get the rest?

OPMB. 

OPMB.

OPMB.

I can't say it enough.  OPMB, Other People's Money for Business. 

Whose money? OPMB. 

Yeah whose money? OPMB.

Other people's money is all around us, we get it in the form of credit and loans.  Other people's money (OPM) comes to most of us for our personal use.  So we have knowledge of OPM, now we need Other People's Money for Business or OPMB. 

OPMB is the bomb; it can blow up your business and give it the strength to make greater profits.

Think of all the possibilities you have with Business OPM that you don't have with Personal OPM.

You don't have to mix your personal money with your business

You may never run out of other people's money

Your business is not limited to your personal credit limit

You can finance your business in every stage from start up, growth , expansion and diversification

You can fund a calendar of events for the next year that will increase your business dramatically

So if you want to learn how to get OPM for your business drop me an e mail at mailto:ElroyeJones@gmail.com

 

Thanks

Elroye

Ask for what you want

Prepare to receive it

Give thanks to god

And

Share your good fortune with others                                                            

Don‘t Take a Successful Business and Make It Fail

Let me help you put other people’s money to work for you!”

How OPM Business Credit Works

A business that’s new to the business credit world has a clean slate. So it’s very important what you have written in your business credit file… This information stays with your company for a long time and will effect creditors’ decisions to give you credit.

First we discuss your business goals so we are both working to the same end.You can establish your business by taking out credit with trade credit accounts. We start off by providing you with either net 30 day accounts or revolving accounts.

Each month your credit approval limit should increase.

Somewhere toward the end of the 12 month program we will determine that you are ready for the major credit cards. These are applied for in the last two months of the program as they are difficult to get approved for and their requirements are based on more than just a Dunn & Bradstreet Paydex score.

As you get closer to the end of the program you can review your goals with your account representative. They can provide you with useful information and tips on getting what you want.

When the program is complete your business will be able to stand on its own credit instead of your personal credit. Whether your intention is to secure a company vehicle or secure loans from a bank, your credit will be established and your opportunities far greater than when you started.

OPM Business Credit Builder Program Overview

THE BASICS

Initial account setup – this requires business verification and Power of Attorney

Business Verification – information check on your address/phone, corporation (if applicable), and Dunn & Bradstreet check (if applicable)

Creating a credit profile for your business (if applicable)

Establishing a Tax ID (EIN) for your business (if applicable)

MONITORING

Monthly monitoring of your DNB report and your basic Experian Business profile

Updating your DNB and Experian Business profile as needed (address/phone, other miscellaneous information)

Notifying you if there is any adverse information or incorrect information on either profile

DECISION MAKING

Advise you on the proper course of action to take in correcting the information if it is something beyond our control

Applying for 2 credit accounts per month and following up on the status of applications for your business

Investigating denials and advising you on the outcome

Providing you a copy of your DNB report each time we pull it

OUR PROMISE TO YOU

We stay with you every step of the way to establish your business

Hi, I’m Elroye.

Owning a small business and owning a successful small business is as different as night and day. Anyone can own a small business but to own a successful small business you have to create a strategy for success. How many of us know all aspects of running a small business?

How many big business executives know all aspects of running a major corporation? The answer to both questions is most people don’t need to know all aspects of running their business to operate it successfully.

But they do need to know how to manage the people who do know different aspects of running a small or big business. My model for operating a successful small business is to hire other small businesses that provide those services; to do so for your company. Think about it—how much would it cost your company to hire a full time lawyer, banker, insurance agent or accountant?

We pay them for the work they do for us and keep it moving. So why not use that same model to hire most of the traditional employees you need? Why not hire other small businesses to perform the work you need done for your business? Big business calls it outsourcing. There are a lot of legitimate people who operate one-two or three person businesses that can give you top notch work in their field.

It’s like this, when you need a website; outsource it--hire a company to create your website. When you need a sales force; outsource it--hire a sales company. When you need a back office; outsource it--hire a virtual assistant. Hire only what you need when you need it. Don’t hire employees to drain your profits with salaries that you haven’t earned the money to pay, when you can hire a small business that can provide you with those same services on an as needed basis.

That’s the strategy OPM uses and that’s the strategy other successful small businesses use. You can use this same strategy and we can show you how.

In this section “How To Operate a Successful Small Business” we have articles on different business areas and companies we refer you to so you can outsource or hire them to help you.

Let me know how these referral sources work out for you.

To Your Success, Yours in Service

Elroye

Referral Services for Success

Copywriting

Website Development

Business Coaching Systems

Business Coaching

Motivation

Virtual Assistant Services

Event Planning

This is not required. However, if you choose to file your corporation in a state other than the one you do business in, there is a risk of not being able to get approved for credit. DNB will also flag your report if they do not find a corporate charter (filing) in the state you do business in. We strongly recommend that you file in the same state you do business in. If you do not do this, it could cost more in the long run for two reasons:

1. You may have to file a Foreign Entity in your state in addition to the original corporation filing. For example: the state of TX charges $300.00 for a basic corporation filing. If you file in the state of NV because they charge only $75 but, later have to file a Foreign Entity in TX, you will have paid $700.00 (not including our fees) instead of $300.00 to just file in your own state.

2. Should problems arise because there is no Foreign Entity filing in the state you do business in this will cause the Credit Builder Program some delays in trying to correct the issues. This would extend the program and therefore cause more monthly payments depending on how quickly the issue can be resolved.  

A List of Officers is a list detailing the officers of the corporation. While most jurisdictions allow the same person to act in all capacities, that person has different responsibilities depending on the capacity in which he or she is acting and the person's authority changes through the different officerships the person assumes. Most corporations use the following titles:

President - typically responsible for entering into contracts on behalf of the corporation

Vice President - A deputy to a president, in charge of a specific department or location: vice president of sales

Treasurer - responsible for maintaining and accounting for corporate funds Secretary (or clerk) - responsible for observing corporate formalities and maintaining corporate records

Processing times for incorporating a company vary amongst the different states and change constantly depending on the workload at the state office. Please ask one of our representatives for our most current approximation of the processing time for Articles of Incorporation within your state of incorporation.