Have you seen the raw and uncut video I posted on Youtube about how to season money using business credit?
This video answers one of the big questions of how do we pay back the lines of credit in a start-up business.
Watch it at: http://www.youtube.com/watch?v=4ULWbthI_RE
An unsecured business line of credit is simply a loan you get in the name of a business without having to hand over any collateral.
These business lines of credit are cash lines of credit. That means they are real money you can use for anything.
The money available from these business line of credit can be accessed as a multi year loan with a fixed rate, from regular check writing privileges at low interest rates or like any other credit card with cash advances and through purchases with an interest free grace period.
That means you can literally use a banks money, interest free, during the grace period to make profits and get more business before the first payment is ever due.
And did you know that one of the easiest ways to improve your personal financial statement and increase your scores is by using business credit.
Business lines of credit will prevent you from doing harm to your personal credit score because when you use them it does not show up on your personal report.
The E-Myth concept has turned what people think their business goals are on its head.
Take a quick assessment of what matters most in your business.
Do you:
*Stay within your means
*Keep your objective always in mind
*Choose the line of least expectation
*Exploit the line of least resistance
*Take a line of operation which offers an alternative objective
Becoming an Entrepreneurial Leader means using these tactical methods like a military strategies.
Run your business “Like a General” in order to win the day to day battle to profitability and to win the war of achieving the dream lifestyle all entrepreneurs want.
From the desk of Thomas Kish.
I just had a really interesting conversation on our phone lines with someone trying to place a order for our business credit.
I normally don’t answer the phones, but I over-heard one of our phone people sounding frustrated with someone trying to place an order.
It reminded me of that TV show where the boss goes undercover and snoops on his people. But I was in plain sight so I just asked my phone guy if he would put me on the phone with this client.
John was the person on the other end of the phone. John was calling to ask question about me and about the business credit service that we offer.
When I introduced myself on the phone, John kind of stopped. Then he said, “So there really is a Tom Kish”.
I asked him why in the world he would ever say something like that? And he said because there is no such person as Betty Crocker, so he figured there was no one at our company called Tom Kish.
I told him that Betty Crocker doesn’t do 100 webinars, tele-seminars and live speaking events each year, BUT I DO. So why would you wonder whether I am real. You can see me in person if you attend any of my events!
And by the way, there absolutely was a Betty Crocker many years ago working at Pilsbury who helped develop some of those recipes. My mother worked in accounting at Pilsbury in MPLS, MN for about 5 years, so I have heard all the stories about Betty Crocker when I was growing up!
But back to my conversation on the phone with John.
I asked him to cut to the chase and just tell me why he took the time to call up but was acting so skeptical and was not willing to place an order.
**John said two very important things**
He said he had been BURNED before and had only gotten vendor credit lines from a company that he had hired in the past.
*The first thing I explained to him was that we offer cash lines of credit that can be used for anything. We do not limited you to credit that can only be used at some store nobody ever heard of.
Our service is about getting you approved for cash that you can actually use.
*The second thing I responded to was his comment about how everything is a scam and he had been burned so many time before.
Now, I will admit that I got a little hot under the collar on the phone with him at this point because it is NOT reasonable to lump everyone together in these kind of blanket statements. Most companies are run by good people and most companies provide quality services.
I told him that just because people don’t lose weight when they buy a d*et plan does not mean that they are all a scam. Sometimes people need to take responsibility for their own lack of follow through.
**Not everyone in the world is out to get us!**
I told John that we offer a guarantee with all our products that allowed him to get a refund if we did not do what we offered.
And I told him that we have been in this financial service industry for a long time (over 7 years) because what we do works if people will carefully follow our instructions.
We have also been third party verified by all the merchant processing companies as a secured provider of these services, so there is NO DOUBT as to the effectiveness of what we do.
And guess what happened next?
John thanked me and told me he was ready to place his order!
So I handed the phone back to my phone guy and let him do his job and get John enrolled in the program he wanted.
I love all the great business people I meet as the owner of this education company and people like John help keep things interesting for me. And I hope that this open letter to every one of you newsletter subscribers helps move you forward in hiring us to get you the business credit you need.
Call us during business hours and we can help you too!
But don’t expect me to personally take your call. I like to take really long lunches at my favorite sports book here in Vegas. That is one of the perks of being the owner, right?
I do take as many questions as I possibly can during my live call-in shows! So don’t miss them when I offer them.
Thanks, Tom.
P.S. John, if you are reading this, I hope you are smiling at how accurately I paraphrased our whole conversation.
As the tax deadline comes and goes, it is a good time to reflect on and act on proper tax planning for today and the future.
Are your books in order and is your business structured properly? Are you taking all the legal deductions you are entitled to? If not, there is a good chance you are paying more taxes than necessary.
Many new small business owners struggle with whether or not to form a corporation or remain as sole proprietors for their businesses. Forming a corporation allows for some tax benefits that small business owners should know about that could save them a lot on their annual tax bill. Knowing the advantages of forming a corporation for tax purposes can save you tons of money in the long run. And a properly form business entity is an asset that holds it’s value and can be sold for a profit in the future when the business owner is ready to move on.
A major benefit of incorporating your business allows for greater tax deductions for the business, your employees, and potentially for family members of business owners. Even if you’re the only shareholder and employee of your business, benefits such as health insurance, life insurance, travel and entertainment expenses may be deductible. For example, corporations can deduct 100 percent of medical insurance premiums. Incorporating may also eliminate self-employment taxes and lower your payments for social security tax and Medicare tax. Your individual tax liability may also be reduced, as you will become an employee of the corporation.
The following illustration shows how one individual, who has $60,000 per year in revenue, can save almost $7,000 in taxes just by incorporating.
Joe the independent contractor:
*revenue $60,000
*total tax due $14,054
Joe the employee of his own corporation:
*revenue $60,000
*total tax due $7,280
The difference is in the power of being able to determine what you pay for yourself, what is subject to additional self employment taxes and what stays in the corporation for future expenses of the company.
These kind of benefits of incorporating rather than running their businesses as sole proprietorships is what draws so many people to build a simple corporate image. Not to mention other fringe benefits and lower state income taxes.
Here is a sample of some of the direct comments people left during our last training webinar about these business lines of credit:
Greg Legacy-
Tom, this has been great and very informative. I look forward to signing up soon. Thank you!
Yolanda Mcghee-
I would like to say thank you in advance for taking time out to chat with us, my 15 year old named Myles is actually interested and you are keeping his attention. You are doing a great job teaching.
George Hentz-
You are doing a Great Job! Thanks
George Yonson-
Tom, thanks for this wonderful resource, it’s like a dream come true, you are an angel to my business…
BOBBY DEFRANCE-
THOMAS, HAPPY BIRTHDAY! IT IS A REAL PLEASURE WATCHING AND LEARNING FROM A DOWN TO EARTH GUY. GOD BLESS YOU.
Jonathan Carrington-
The inner circle is a great tool. Lots of information and help.
Sophia Drane-
Thank you for everything I need to be successful.
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I hope I see you on this next training call!
Thanks, Tom.
Mark Lewis question –
Can I get BUSINESS CREDIT for a home based or an internet based business?
Tom’s answer – Yes. We offer cash lines of credit that can be used for ANYTHING.
Clayton Moss question –
What are the general servicing requirements on the business lines?
Tom’s answer – These lines of credit are revolving in nature and only require a small monthly payment. And any money put back into a line of credit can easily be accessed again at anytime.
Loreen Howarth question –
I live in Canada but wish to have a business in the US. Can I do this from Canada?
Tom’s answer – Yes. Of course! Millions of foreigners’ register US based businesses.
Leah Hudgins question –
Do you have higher credit lines available?
Tom’s answer – We have a variety of credit lines in all sizes. You will find it is much easier to get approved for several $40,000 lines of credit for your business than it would be to get a single million dollar credit line.
John Winds question –
Do you recommend forming our business entities in Nevada to take advantage of the inherent privacy (i.e. no reciprocal sharing with the IRS)?
Tom’s answer – You seem to be answering your own question John. If you want to save on Taxes and keep your assets private a NV corporation is the best place to do that. But you can get our business credit no matter where you live or have registered your business name.
Cecil Williams question –
I own a hair salon in Michigan, do I need to incorporate to qualify for these business lines of credit.
Tom’s answer – You need to register your business name in order to get business credit. You need something like an LLC or S-corp business name.
The TRUTH about Thomas Kish, National Business Credit expert and the founder of CashflowExperts.
Thomas Kish is the founder of CashFlowExperts.biz Inc. and is the author of “Shortcut To Money Secrets”
He is one of the nation’s leading authorities in the area of business credit and has helped thousands of people around the world get millions of dollars of new business credit.
His business lines of credit come in the form of fixed rate, fixed term loans, unsecured lines of credit with check writing privileges and small business credit cards that don’t report a balance on your personal credit profile and can be used to purchase anything.
Tom’s unique strategies for investing using new business credit
has helped many people improve their net worth and the quality of their lives.
He is an active investor and business owner who has built dozens of profitable businesses over the last 15 years using business lines of credit.
Here is a short excerpt from my book:
The Shortcut to Money – By Thomas Kish.
What is the shortcut to money?
We all dream of getting ahead by starting our own business or making great investments that lead to profits.
Famous business motivator Jim Rohn says “ Wages make you a living – PROFITS make you a fortune”.
Well, your in luck. Profits are now available to everyone because you were born into a time of unlimited opportunities.
People are starting their own businesses in record numbers today.
According to the Small Business Administration 672,000 new businesses were created in 2005. That’s the biggest business birthrate in U.S. history. And more than half of all small businesses are based at home.
Isn’t it time you became your own boss and had the brass ring or the big mahogany desk?
But BEWARE – Most new business owners run out of money in the first 5 years.
You must find a shortcut to getting the money that’s needed to start a profitable business or begin investing.
It’s time you learned about our unsecured business lines of credit, the fastest shortcut to money you will ever see.
I’m Thomas Kish the CEO and Founder of CashFlowExperts.Biz Inc.
I’m an author, teacher, business consultant and an active investor operating 25 diverse businesses. Today I’m recognized across the country as a national expert in the field of business credit. I’ve shared the stage with many well known wealth building experts and I’m regularly asked to speak at Real Estate Investor Association meeting and business expo’s on the subject of building business credit.
Today, I feel blessed to have successfully cracked the code and learned how to use business lines of credit instead of my own money to profitably invest in everything from real estate, the stock market, internet businesses and even thoroughbred race horses.
And I have been able to teach thousands of people all over the world how to get millions of dollars in new business credit.
But I started my first business enterprise like most people do without knowing anything about using business credit. I had a dream and a little saved up and I struggled for years just to make ends meet.
Then one day I met the man that became my first mentor and I started to learn how to get business lines of credit to increase the profits in my struggling business.
I got such dramatic results when I started to use this shortcut to getting money that I became obsessed with learning everything I could about business credit.
I spent the next 6 years and over $300,000 of my new business profits on more mentoring, training, workshops, home study courses, boot camps, field testing and costly trial and error to perfect this shortcut to money.
I literally traveled the world to study with world class mentors, trainers and successful business coaches.
In fact, my name appears on page 285 of the New York Times best seller “Cracking the Millionaire Code “ as one of the contributing members of authors Robert G. Allen ( Nothing Down ) and Mark Victor Hansen ( Chicken Soup for the Soul ) inner circle.
The business credit secrets I learned over the years have transformed my business and now I teach these same success principals to people all over the world.
The shortcut to all the money you will ever need is called unsecured business lines of credit.
1. Expenses used to figure the cost of goods sold. If you deduct these from your gross receipts to figure your gross profit for the year, you may not use them again as a business expense. These include the cost of product or raw materials, including freight, storage, and direct labor costs (including contributions to pensions or annuity plans) for workers who produce the products and factory overhead.
2. Capital expenses. These are expenses that are considered as part of the investment in your company such as business start-up costs, business assets and improvements. These expensed must be “capitalized” rather than deducted as a business expense.
3. Personal expenses. These cannot be deducted as a business expense, unless a portion of the expense is directly for business purposes. For example, your home cannot be considered a business expense, but the portion of your home used for your business office can be deducted.
As you may know, many business expenses should be taken as a tax deduction.
Here is a quick list:
*registration costs
*courses you purchased
*business credit interest
*phones
*meals related to business activity
But make sure you understand that some business expenses are called Capital Expenses and can’t be completely deducted in a single year.
Capital expenses are expenses that are considered as part of the investment in your company such as business start-up costs like registering your name, business assets like computers and improvements. These expenses must be “capitalized” rather than deducted as a straight business expense.
That just means that you deduct a percentage of that cost each year.
As an example, the cost of your new LLC may be $2,000 and you might take a $400 tax deduction on that $2,000 expenses this year and each year for the next 4 years until the total cost has been deducted.
You can see in this example that it pays to read up on all the proper tax codes or hire an accountant that will do this for your business.
Thanks, Tom.
P.S. Don’t miss the call I will be doing Sunday night at 6pm pacific at: Phone Number: 419-400-0203 Use Guest PIN: 2571806#
