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Thursday night

Thx Tom Kish

From the desk of Thomas Kish,
National Business Credit Expert.

You have made a very wise investment (which most likely is tax deductible as an ongoing business expense) when you became a member of the CashflowExperts family.

You will want to refer to your member’s area often as I will be constantly adding to the valuable business training content. Plan to use these resources on a regular ongoing basis if you are serious about getting more money and making more money.

The steps I recommend all members use to get the most out of our valuable resources are:

1. Listen to the archived training calls first that most relate to where you are at in your business building process.
2. Register a business name in your home state, if you do not have one, by using your secretary of state website. Any online search will locate the proper site and the instructions for completion will be self-explanatory.
3. Request an employer ID number (EIN). You will need an EIN to obtain business funding that is separate from you personally and that does not report on your personal credit report when used properly.
4. Watch all the video instructions provided on the membership site.
5. Attend all the live training calls that are listed on the member’s calendar. Each month you will have access to the ongoing group coaching calls you will need to get through the business credit building process and that you will need to run your business most profitably.
6. Begin using the recommended lenders featured in the up to date lenders listings.

When I went to college in Philadelphia PA I would regularly walk around the liberty bell and all the history of our nation’s birth place. It was very inspirational. And I can remember as a struggling student, working 2 jobs and writing for the school newspaper on deadline, sometimes I felt like giving up and moving back home to MN.

But when I looked at all that history I was inspired to stick with it.

So I hope today you appreciate how far you have come and the fact that you CAN succeed even if you feel overwhelmed sometimes. And today you can decide how the rest of your life is going to turn out with a few simple action steps.

Happy 4th of July.

From the desk of Thomas Kish,
Of CashflowExperts and Nevada Headquarters.

As a teacher to business owners I’m often asked what kind of salary business owners should pay themselves from their business profits.

Now, I never give specific legal or tax advice to anyone (always consult your own pro) but I can tell you what the common guidelines often are.

Most businesses MUST pay some kind of salary for the management of the business. This must be done because salary is taxed at a higher rate and Uncle Sam wants his fair share.

But during the year, you can withdraw money from your business in the name of the owner and use the accounting code designation DRAW which allows you to wait to classify the exact nature of the payment.

Then when your taxes are done at year end, you accountant can designate what percentage of these draws were for your salary and what was distribution of profit.

A good rule of thumb is to pay yourself 40% of your profits as salary to keep from running afoul of the tax code rules. And then the remaining 60% gets the best possible tax treatment!

And if you need the kind of business credit we offer, that can really grow your salary…call us!

Call 702-284-5806

Do partnerships make larger profits?

 I find a lot of confusion surrounding the concept of creating a business partnership.

 Just for the record…Every business I currently own is in the form of a partnership! And my experience indicates that sole-proprietors (single member owned businesses) make far less than properly formed and well run businesses that are established as group LLC’s or Corporations.

 Here are the pros and cons of each.

 Sole-proprietor run businesses:

 *Few tax beaks

*More likely to be audited

*Personal assets placed at risk

*No true separation of business debt from personal files

 Partnerships style businesses:

 *Most favorable tax treatment

*More business credit available

*Total separation of business debt from personal files

*Unlimited growth potential

 So don’t underestimate the ease of setting up and managing a business partnership and the huge advantages to this COMMON method that savy people have been using for years!

From the desk of Thomas Kish,
National Business Credit Expert featured on CBS Radio.

I was looking through the long list of business credit lines that I use for my variety of businesses and it reminded me that my favorite Business Credit lender is still US Bank.

I keep most of my business checking accounts with them (I own 25 businesses currently) because they offer cash flow management accounts that have features similar to over-draft protection where they advance you money on your business line of credit when you spend more than your available funds. They also have unsecured small business credit cards for each of my businesses.

Both of these kinds of business lines of credit are easy to use and offer quick cash access at low current rates.

The only drawback about US Bank is that they only service customers in the Midwest and the west half of the country. So check my inner circle date base if you want a listing of all branch locations in every state to see if they have a location in your area.

Thanks, Tom.

I have gathered together a group of people that have been part of the team that helps me run many diverse businesses on the internet. This week we are going to teach you how you can do exactly what I do in your business “ONLINE” with the most powerful tool you will ever see called the internet business system.

In the last decade, the internet has begun the largest transfer of wealth the planet will ever see. Billions of dollars are moving through the internet and winding up in the pockets of people just like you!

But your business has absolutely NO CHANCE of making real money online without the use of the most powerful internet business system ever devised.

Business owners that understand how to use it and work with consultants that are true experts in the field of internet marketing will continue to grow wealthy. And those that refuse to learn about it and embrace it will eventually be destroyed.

Think about the answers to all these important questions your business faces…

*Do you want lots more traffic to your website?
*Do you want automated systems running your web presence?
*Do you want to double the leads your business gets?
*Do you want to dramatically increase the conversion rates at your site?
*Do you want new untapped streams of income that you don’t even have to think about?
*Do you want your business to communicate with prospects in a compelling way that triples repeat business?

You surely said YES to all of these questions. But you probably don’t have the skills, technical knowledge or the time, for that matter, to be able to do what is needed to make it all happen.

Well, starting soon…I have a profitable solution for you.

Here are some of the common questions we get and Tom’s direct answers in brackets.

Tommy VanZandt May 31, 2010 – 2:28:58 PM said -
Does personal credit have any bearing on the amount of credit I would receive.
(TOM – No, not if you follow our instructions of using a business name and profile to separate yourself from your business loans.)

Callie June 2, 2010 – 5:08:37 PM said –
I’m just starting out and I have no credit of any kind — will I still be able to get a loan??? (TOM – Yes, that is what we teach our clients to do quickly.)

Bryan A. McHowell June 1, 2010 – 8:20:11 AM said –
What is the length of loan offered, interest rate? How do I utilize the line of credit?
(TOM – You can use these ca$h lines for anything because they are long terms and are offered at the lowest rates in the market. We have shopped around to find the BEST.)

Leia June 3, 2010 – 12:08:03 AM said –
How long will it take to get this going once I get?
(TOM – It can be done in a few weeks. It depends on you and how fast you work at it)

Lawrence June 2, 2010 – 7:00:01 PM said –
Do you supply the lending sources? (TOM – Yes we do, we give them to our clients or we can apply for you if you prefer)

Usha June 3, 2010 – 1:29:38 PM said -
Hi, am I guaranteed a loan? (TOM – Yes, if our staff applies for you in the name of your business)

Gina Estrada June 2, 2010 – 5:06:01 PM said –
How long the corporation need to be establish. What is the score that I need to have to get this type of business loan? (TOM – Even a brand new business can get this funding with no score requirements if you follow our methods)

RILE TIPPIE June 4, 2010 – 7:16:54 PM said -
WHERE CAN I GET AN BUSINESS LINE OF CREDIT.. TOO INVEST IN REAL ESTATE. (TOM – Get ours. You can use the mon*y from our lines for ANY purpose)

Marcus McIntosh June 4, 2010 – 12:09:23 PM said -
What if you have a tax lien can you still get funding? (TOM – Yes, we show you all the ways to get the funding no matter what your situation)

Norris June 4, 2010 – 1:03:23 PM said -
MY LOAN ONLY NEEDS TO BE AROUND 25,000 TO START MY BUSINESS. I AM A HOME OWNER AND HAVE PERSONAL PROPERTY. (TOM – You do NOT need collateral to get approved for our business lines. They are unsecured and can be used in any amount you choose)

Harvey MacKay is one of my business education hero’s. And he is from Minneapolis MN just like me! (Born and Raised until I was 30)

Here is Harvey’s article…

There are literally hundreds if not thousands of little things we can do to raise the bar in our professional and personal lives. So many of these things are easy to do and can be accomplished in less than 10 seconds. They just require an
intentional effort.

What is CRITICAL to understand is that your ultimate success, fulfillment and happiness will come from doing the little things that matter.

As entrepreneur and best-selling author Harvey Mackay said, “Little things don’t mean a lot. They mean everything.”

Here is a short list of 35 things you can do in less than 10 seconds that will make you a better person, enhance your self-image and improve the quality of your life.

1. Make it a point to say the words ”I love you” to the people in your home every single day.
2. Offer a friendly authentic smile- a great smile radiates warmth, puts people at ease and makes you likable.
3. Make comfortable eye contact- your eyes send messages; establishing and maintaining eye contact with people demonstrates confidence, respect, and genuine interest.
4. Use someone’s name – everyone likes to hear and see his or her name.
5. Acknowledge people- smile and say hi to the people around you.
6. Express your appreciation- say “thank you” to everyone who does something for you even if they are paid to do it.
7. Be unselfish and put others first- it could be as simple as holding the door open for someone.
8. Offer a word of encouragement- sometimes this is all a person needs to build confidence and take the next big step. This is big!
9. Accept responsibility when you are wrong- it’s the sign of a person with character.
10. Be friendly- it lifts the attitude of others and is the #1 factor in being likable.
11. Maintain a positive mental attitude- your attitude is a choice and that choice is 100% within your control.
12. Be kind and considerate- to people you know as well as strangers.
13. Be like a dog and be the first to greet people- it helps new people entering the room feel more comfortable and demonstrates your interest in them.
14. Offer people you meet a warm greeting- this will set the tone for the entire encounter.
15. Say please- make it a habit to use the word please EVERY TIME you ask someone to do something for you even if they are paid to do it.
16. Get up and walk into the other room to speak to someone, rather than yelling.
17. Put the toilet seat down.
18. Turn your head and cover your mouth when you sneeze or cough.
19. Improve your body posture- poor posture is an indication of low self-esteem.
20. Say goodbye- make a good last impression.
21. Offer a proper handshake- a good, firm handshake demonstrates confidence and makes a good impression.
22. Give someone a hug- a hug is a sign that you really care for the other person.
23. Proof your email, text or post- this is an important component of portraying a professional online brand.
24. Click the LIKE button on someone’s Facebook post- it’s an easy way to demonstrate interest.
25. Turn off your phone in meetings- even though your phone may not make sounds, your eyes and attention will be diverted from the other people in attendance and your lack of attention demonstrates disrespect.
26. Repeat your phone number twice when leaving a voicemail- speaking slowly and repeating your phone number will make you stand out.
27. When scheduling appointments use the other person’s time zone- this avoids misunderstandings or missed opportunities.
28. Speak with life and energy in your voice- no one likes to be around people who are “dead, dull and lifeless.”
29. Walk with a bounce in your step- it’s evidence of an energetic attitude that ultimately leads to success.
30. Turn off the notifications that are bugging those around you.
31. Write things down- it prevents you from forgetting things that are important.
32. Say something positive to others about another person- reverse gossip.
33. Congratulate your opponent- good sportsmanship is evidence of leadership.
34. Introduce yourself- be proactive and introduce yourself to people whom you have never met.
35. Look for the good in others and tell them what you see- you have the ability to bring out the best in people, especially when they may not know it themselves.

As you can see, each of these tips is easy to do. They don’t require any formal education or financial investment. We can begin to incorporate them into our lives this very minute. All we need is to be conscious of them and be willing to take 10 seconds to do them.

An EIN is a federal identification number issued by the IRS to identify a business entity (similar to a social security number being issued to identify an individual, except that an EIN is used to identify a business entity instead of a person).
An EIN is also known as a Tax ID number. Legally, you are required to identify your business with one of two numbers: either your social security number or an EIN.
Generally you need an EIN when your business:

• Is new
• Hires, or will hire, employees
• Is an LLC or Corporation
• Opens a bank account

Small business owners should get an EIN and use that number as the only way to separate your personal credit and personal liability from your business activity.
There is no personal asset protection or personal credit protection for people that do business as a sole proprietor.
Furthermore, banks require an EIN in order to open a business bank account.