“These tactics work, but it’s dangerous. No business is 100% guaranteed to work so you just want to make sure you’ve done your due diligence in your research.” -LaJuan Hughes
If you’re like most business owners, you understand the importance of good credit. After all, your credit score can make or break your ability to get financing for your business.
But what you may not realize is that your personal credit can actually be a powerful tool in helping you get business credits fast. Of course, this isn’t a decision to be made lightly.
In this episode, we will talk about how we can get business credit fast with financial expert and content creator, LaJuan Hughes. LaJuan grew up around successful businessmen and women, some even in his own family circle. Although he didn’t recognize it at first, the wisdom and strategies on how to run a business was engraved in his mind and heart. Today, LaJuan helps other aspiring business owners in any way he can.
Listen in as LaJuan and I talk about why using our personal money to fund our business is not a good idea, why credit and business always go together, how we can manipulate our personal credit to our advantage, how we can leverage our personal credit to get business credits fast, how we can get 0% APR, and how we can avoid failure in business.
Connect The Modern Man:
Highlights:
- 01:29 The Entrepreneurial Bug Strikes Again
- 06:16 Warning: Doing Business with Friends— Is It Wise?
- 12:44 The Most Effective Way to Get Business Credits Fast
- 16:22 The Power of Leverage
- 19:52 Common Missteps in Raising Funds
- 23:20 Get 0% APR
- 26:35 How to Avoid Failure
- 34:11 Recap
Tweets:
So… you have this awesome business idea- but you need funds! Here’s a secret: You do not have to use your own money to fund anything. Learn how that can happen with @TheModernMan8 and Financial Expert, LaJuan Hughes. #TheModernMan #podcast #menpotential #BusinessCredits #Startup #BusinessGrowth #LeverageCredit #APR #Funds
Quotes:
06:35 “Most successful people that you may look up to have had a whole bunch of lose businesses.” -LaJuan Hughes
09:49 “We all have what we think would be best but without a unified person who’s going to call the shots and you have too many leaders, you don’t go anywhere.” -Ted Phaeton
11:14 “When there’s money involved, things change. That friendship can be in jeopardy.” -LaJuan Hughes
13:52 “Leveraging personal credit to get business credit, literally is the best, fastest, most effective way to get business lines of credit.” -LaJuan Hughes
18:00 “There are perks to having responsible habits.” -Ted Phaeton
22:35 “Using personal credit cards to try to fund business is horrible because it removes a corporate veil from that protection that you have.” -LaJuan Hughes
26:40 “These tactics work, but it’s dangerous. No business is 100% guaranteed to work so you just want to make sure you’ve done your due diligence in your research.” -LaJuan Hughes
27:46 “You have the capacity; you have the ability. And with that thought process in mind, why wouldn’t you bet on yourself? Why wouldn’t you invest in yourself.” -Ted Phaeton
34:49 “So many of us have a great idea. A dozen million-dollar ideas are all over the place. You can pluck them out of the air. It’s the execution that’s important.” -Ted Phaeton
Meet LaJuan:
LaJuan Hughes came from of a place of not knowing he had the tools right at his disposal to start & grow an income for himself from scratch. His life mission is to educate people on how they can get the capital they need to start & grow a business. LaJuan loves to provide value anyway he can and want to align with people who also speak on personal finance, business credit, and entrepreneurship. He helps his audience believe that it is possible to do anything they want in life if they have the knowledge and apply it properly.
Author: Ted Phaeton
“The Modern Man” is a series focused on discussing the challenges and obstacles men face in today’s society. It is an open forum of discussion where thoughts, strategies and ideas of men living a happy and fulfilled life are explored. The Modern Man aims to create a community of men not only sharing and connecting on a deeper level, but also exploring how to thrive and live a happy and fulfilled life. This is done through intentional conversations strategically aimed at issues that men face in today’s society.
