Episode 74: Maximizing Profitability: Strategies for Small Business Funding

In this episode, we have our special guest Joe Nicolosi, principal of Starcade Capital, a company that specializes in business funding and debt consolidation. Joe shares his expertise in obtaining funding for small businesses, particularly in industries like construction, manufacturing, and trucking. He discusses alternative financing options and strategies to turbocharge business growth and maximize profitability. Tune in to gain valuable insights on navigating the competitive marketplace and taking your business to new heights.

Enjoy this episode on your preferred podcast platform!

✅ Apple →  https://podcasts.apple.com/gb/podcast/maximizing-profitability-strategies-for-small-business/id1625806145?i=1000630442958
✅ Spotify  → https://open.spotify.com/episode/63w1W1I5o9j3OEK107ft77
✅ Youtube → https://youtu.be/IpvsWgmwxPE

Let’s Stay Connected

✅ LinkedIn →  https://www.linkedin.com/in/hannes-hennche/


Connect with Joe Nicolosi

✅ LinkedIn → https://www.linkedin.com/in/joe-nicolosi-aa1b3162/
✅ Website → https://starcadecapital.com/
✅ Tiktok →  businessfunder13

Time Stamps

[00:02:19] New York Shark lenders
[00:06:17] Using balance transfers to grow
[00:10:18] Advancements in trucking technology
[00:13:14] Self-driving trucks on highways
[00:17:09] Debt consolidation and over leveraging
[00:19:42] Affording new cars and debt consolidation
00:26:25] Building business credit
[00:27:18] Building credit as an immigrant
[00:31:18] Understanding the complex credit system
[00:34:25] Pressure and freedom in entrepreneurship
[00:40:11] Hiring overseas workers
[00:45:08] Europe's energy struggle
[00:48:01] TikTok as a marketing platform

Quotes

"There's a common program out there, 0% credit cards, meaning 0% interest APR for first 12 months. You can get business credit. Use that to fund your business. It's just an option for people that have the credit 680 plus."

"I don't think they really understand the banking system here as far as how to set up their credit. "

"Banks want to see that you're starting a relationship with them. They also want to see that you're responsible. How do they do that? By looking at your credit profile."

If you're irresponsible or you're ignorant to the system, you're going to pay for it. 

#pathtowellth #realestateinvesting #passiveinvesting #debtconsolidation