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.
The Fourth of July weekend is a great time to kick back and look around at your family. This is the time of year that most of us stop and see the big picture….the reasons why we work so much; the reasons for putting up with the daily stresses; the reasons for 40-60 hours of labor. It is all part of a bigger picture……it is not the money that we get every other Friday! It is the joy, the memories, the time we get to cherish with our friends and family.
In some ways, investing into a strong business credit profile is the same. It is often tough, full of hours of manual labor and costly expenses. However a few times a year you can lean back and see the perks that come out of it.
Let’s take a recent success from a client that almost forgot to see the big picture. We will call our client “John”.
John contacted Initial Underwriting Group at the end of 2008 and chose to build business credit on his own. After months of trial and error in business credit building, John called IUG offices and signed up for the monthly maintenance service. The underwriters at Initial Underwriting Group got him off to a great start. After 60 days he had over $30,000 in business credit and financing. John was thankful for the results but decided to opt out of the monthly maintenance deciding to take on the challenge of building it himself yet again.
A few days later John called IUG and spoke to one of the Head Underwriters, realizing the bigger picture. It wasn’t the immediate $30,000+ in business financing that he was after! – the bigger picture was putting himself in a position where he wouldn’t have to wait for financing the next time around. So after speaking with an expert, he chose to continue forward with the scaled back monthly maintenance…..well done John, the future is yours to conquer.
Some time went by and John is now ready for a second round of financing which amounts to more than $30,000. All thanks to him seeing the bigger picture and not quitting at the first milestone.
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