Archive for April, 2010

My book, Romancing the Loan – 14 Principles to Open the Vault with Your Lender is positively affecting business owners around the country that have purchased it and who are seeking or currently have outstanding loans. If you are a business owner who has outstanding loans or is anticipating borrowing in the near future, the principles discussed in the book will be helpful.

If you want to purchase an eBook version of my book (hard copy version not yet published) send me an email at larry@upyourbusiness.biz.  The eBook version is selling for $14.95, a small amount to give you both options and hope.

As I listen to business owners around the country, a lack of options is expressed time and time again by many who are in need of capital to fuel their businesses and keep them alive.

I believe the principles in the book help give business owners a number of viable options enabling them to create a strong bridge to keep the lines of communication open with lenders and keep them in the game to receive the loans they need and want.

I love the 2003 movie comedy “How to Lose a Guy in 10 Days” http://www.youtube.com/watch?v=qGMaRb4Z2OI  starring Kate Hudson and Matthew McConaughey, Andie (Kate Hudson), a young journalist writing for a women’s magazine, has the idea of writing a piece on the things women do to alienate the men they love, which she’ll demonstrate by winning and then driving away a man in 10 days. Meanwhile, Ben (Matthew McConaughey) is an advertising executive who wants to land a prestigious diamond account at his firm. Ben tells his boss that he’s the man for the job because he understands the fair sex so well he can make any woman fall for him in less than two weeks. Andie and Ben end up choosing one another for their mutual assignments, with neither knowing about each other’s secret agenda. Ben strives to hold on to Andie while she does everything in her power to annoy him and turn him away.  Following are some of the things Andie did to help drive Ben away. Though humorous in the movie, these are actually done in many kinds of relationships.

These could be titled “How to Lose a Lender in 10 Days”: 

  • Avoid phone calls, e-mails, messages and visits 
  • Be manipulative, deceiving, cunning, fail to tell the truth
  • Make him/her pull words out of your mouth to get you to talk
  • Always act like you are busy, are very important and have better things to do. 
  • Try to nitpick every little detail and fight with him/her over it. Insult him/her.
  • Ask tons of annoying questions.
  • Be defensive or evasive when she/he asks you questions.
  • Don’t show respect. Constantly talk about other guys (lenders).

So, as a business owner what does this mean to you? It means that you might be shooting your loan and relationship chances with your lender in the foot if you are doing some of these things. Maybe you aren’t doing any of these; however, reflect on your attitudes and actions with your lender to determine if anything you might be doing is “turning off” your lender. As a business owner, your mindset towards your lender, regardless if you are right and they are wrong, makes a huge difference in creating a satisfactory relationship.   

Another viable solution is simply seek qualified help. Many entrepreneurs are very independent minded and play the role of the lone ranger. During times like these with the loan vault shut to many businesses it may be time to turn to the Loan-A-Ranger (Larry Tyler- www.upyourbusiness.biz) for help to open the loan vault. I advise business owners around the country who are needing loans to fuel their businesses and I’m eager to listen to your story and provide you with advice for 30 minutes for free (larry@upyourbusiness.biz).

Small business lives and dies by one word, Cash-Flow!  Many a business owner has seen the finish line of success, only to get blown out of the race by lack of cash… the “gasoline” of everyday business operations.

  • Does your business need credit and cash like a human needs air?
  • Are you tired of getting the run around from banks and lenders as you ask, beg, plead for credit for your business only to be turned down, put off for long periods of time or humiliated?
  • Do you struggle to put your business plans into action because of your lack of funds?
  • Are you skeptical and tired of all the claims of help out there today that don’t lead to much except money out of your pocket?
  • Do you have that nagging, scary feeling that you are walking on the edge of a very dangerous cliff…with a blindfold on and with one wrong step you’re in “cash flow hell?”
  • Do you hear yourself saying, “I’m not sure what’s really going on with my cash flow?”

If you answered YES to any of the questions above, then you probably need what I’m about to share with you. The truth today is:

Trying to understand and unravel the labyrinth of running a successful business as well as obtaining business credit is a lonely, frustrating and humiliating experience.

There is a Better Way

I’ve worked with thousands of business owners helping them improve their businesses as well as to obtain funding for their business and in a high majority of time the key to success was cash flow – knowledge, understanding, implementation of a proven way to project and track as well as maintain control of cash flow.  

I visit with many business owners who have been shut out from borrowing today by banks and other lenders. One of their complaints is there are few solutions to help them get back in the game with lenders.  From my experience the best way to put yourself back in the game is to take control of your cash flow and demonstrate to your lender you know what you are doing cash flow wise and you have the tools in place and the disciple to take control of your cash flow.

You Absolutely Positively Cannot Run a Business INTELLIGENTLY Without Cash Flow Projections.

My friend and author of “Never Run Out of Cash”, Philip Campbell, has developed a simple, proven solution to the cash flow problem.  The link below will lead you to a webinar where you can begin to eliminate your cash flow worries and gain both control and confidence in your ability to monitor and create cash flow in your business. Taking action on the information Philip discusses in his webinar will go a long way towards establishing confidence with your lender that will help you get back in the borrowing game.

Here are just a few of the new skills and insights you will learn:

  • See cash flow problems before they happen.
  • Dramatically improve your ability to make prudent and profitable business decisions.
  • Discover the common barriers to taking control of your cash flow – and how you can break through those barriers with ease.
  • Experience the Peace of Mind of knowing what you expect your cash balance to be six months from now.
  • Learn the two critical cash flow questions and the almost magical way they will simplify your life.
  • Understand why the standard financial statements, by themselves, are inadequate to properly manage your business.
  • Enjoy the wonderful feeling of knowing your money is under control.
  • Free yourself from the mental drain of worrying about what’s going on with your cash balance.

The business owner’s best friend truly is:  Taking Control of Your Cash Flow.

Follow this link to the freedom you want and deserve in your business:

www.neverrunoutofcash.com/cashflowintro.htm