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Home Page  Ilya Bodner |
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Over the course of the last 5 years as an entrepreneur I have successfully launched, managed, and sold off several businesses. Each organization started has added some value to my understanding of the business world today. My philosophy has been that 9 things out of 10 that I try will fail, but that golden one is always worth the battle. In my experience that has proven to be the case and my successful businesses still operate today under the management of those whom I have sold off to. The latest project is Initial Underwriting Group, a corporation comprised of two concepts: 1) business credit building and 2) business loan underwriting.
Specialties Leadership, Entrepreneurial Spirit and Mind, Management, negotiation skills, determination for success, understanding and willingness to work hard. Experience Owner Initial Underwriting Group (Privately Held; 1-10 employees; Financial Services industry) September 2003 - Present (4 years 6 months) Initial Underwriting Group (IUG) grew out of the financial side of working with small business owners. Our staff and executive team come from a background of debt settlement, debt restructuring, financing planning and investments. In the process we came to the realization that the average small business owner is forced to stretch to pay their consultants, and give the time that must be devoted. Making the leap to helping business owners was logical and bound to happen over time. We realized that the average small business owner knows little about business credit and often makes the mistake of mixing their personal credit/debt with their business credit/debt. We began working with customers - the small business owners, by showing them how to separate the two. IUG was formed because of this need. And our specially trained agents work one-on-one with small business owners. Co-Founder Insurance Consultants / Universal Resource Network (Privately Held; 1-10 employees; Financial Services industry) May 2002 - December 2006 (4 years 8 months) Universal Resource Network inhoused financial services such as long term planning, estate planning, life and key person insurance, business brokerage and other financial products. This business tailored to all consumer financial needs from personal assets to business liabilities. Reaching close to $2mil in premium collected and a dozen employees I have successfully sold off the business to the managing partners and co-founders. Co-Founder J I Financial (Privately Held; 11-50 employees; Consumer Services industry) May 2002 - December 2005 (3 years 8 months) Debt Settlement, Debt Consolidation, Debt Management and Debt Restructuring. Fully established an office to conduct over $5mil in debt-under-management with over 20 agents and thousands of customers. Upon a partnership with a local law firm and a realignment in the workflow the office has further expanded into more services for each individual customer. With the growth I have successfully negotiated the sale of the assets between a private company and the law office attorneys. The business still operated today with over 4,500 customers in and out. Sort By: Date | Popularity
 TIME TO MARKETWho is willing to dedicate the time and hard work necessary to properly market your small business to the right people? THE SPIRIT OF EXPANSIONWhat exactly is an entrepreneur and how does it relate to small business expansion? There are many differing views on what makes someone worthy of this title. TRACKING SOFTWARESmart businesses use computer-tracking software for just about everything. BILLABLE HOURSWhile the term “billable hours” is most commonly associated with law professions, this concept should be used by all business owners. WORKING SMART VS. WORKING HARDMany people associate working long hours with working hard. As a business owner, you might pat yourself on the back after a long, hard day at work. PLANNING FOR THE SLOW TIMESIt’s important to remember that all businesses have downtime. There are periods when business is slow no matter how much you advertise. Your business may be operating seasonally, such as concession stands at sporting events or neighborhood ice cream trucks. PRUNING TIMEYour small business is bound to yield fruit when you keep long-term goals in mind during daily operations. STRATEGIC ALLIANCESStrategic Alliances are a strategy for getting what you need for your small business without necessarily incurring further debt. BROKERS & DEALERSA broker is defined as anyone who makes securities transactions for others. SECURED CREDIT CARDSA great way to get in the door with some alternative financing institutions is to take out secured cards.
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