Financial Technology Expert Helps Small Business Owners Overcome Short-Term Cash Flow Gaps
Introduction On this episode of Business Insanity Talk Radio, we first talk about a new way to get a line of credit for your small business and what the advantages are over traditional lines of credit. Then, we'll show you how to get your business out of the hourly rate trap so you can finally break through the financial glass ceiling. Plus, we'll show you how elements of improve comedy can help you succeed at work. Finally, we'll show you what's coming up in the new iOS and Android operating systems.b
Segment 1: Eyal Shinar is the Founder and CEO of Fundbox, and an expert in financial technology, AI and technology management. Prior to Fundbox, Eyal served as VP at Battery Ventures, leading projects and investments in finance, machine learning and SaaS. Eyal was one of the first employees of Old Lane, a $5.5B NYC-based global hedge fund. He was recently recognized by Goldman Sachs as one of the 100 Most Intriguing Entrepreneurs of 2016 at its Builders + Innovators Summit.
1:15 – Why do small businesses have trouble getting credit?
3:45 – Does the small business owner's personal credit score have any influence?
5:30 – How does Fundbox provide a credit line to small business?
8:45 – How is this process different than traditional methods of factoring?
Segment 2: Vanessa Shaw is a sought-after speaker and expert on business mastery, personal leadership and 6 and 7 figure income strategies. She is the creator of The Boutique Business Model and The Big Bold Event. She has also worked for the United Nations in Geneva, Switzerland, and has held senior leadership roles within the International Coach Federation.
15:30 – Charging by the hour is a trap, here's why.
17:15 – The underlying insecurity that many small business owners have.
18:15 – What pricing model is better than the hourly rate model?
20:45 – How do you create packages that emphasize value over time?
23:00 – The question you should always ask your clients: What would it cost you to do nothing?
Segment 3: Frank Ford has had a successful career in the entertainment industry for the last 25 years and is one of the founding members and owner of Four Day Weekend, a comedy institution in Texas. As a professional actor, Frank has appeared in numerous commercial spots, television shows and films. He is in the process of publishing his first book entitled, Happy Accidents, which teaches people how use the philosophy of improvisation in a positive way to enrich their lives.
31:15 – In your book "Happy Accidents", you talk about ways improv can help you succeed at work. Can you explain that?
33:15 – How do you shift your mindset from "mistake" to "happy accident"? How does the "Yes, and" mindset help us do this?
Segment 4:Barry Moltz shares how to get your business unstuck.
40:30 – Do any of these sound familiar?
41:15 – How to take your business to the next level.