The Money Factor Podcast with Ian Varley

On this Episode of The Money Factor Steps to improve your credit score How to know if your information is accurate Factors that could hurt your score. Connect with me on social media:   Website: http://bit.ly/2ykyLaX Twitter: http://bit.ly/2Zcibp2  Facebook: http://bit.ly/2ZfO9AW  Facebook: http://bit.ly/2Zim7EK LinkedIn: http://bit.ly/2ZiPwPs  LinkedIn: http://bit.ly/2ZaTh9w  About: Ian Varley is the CEO of Eagle Business Credit. Working capital funding is a way of life for him and his can-do approach when crafting a facility for his clients has kept thousands of companies in business and helped them grow. He is passionate about helping small business in America and believes that discount factoring and financing receivables is the simplest way a business can fund itself.

On this Episode of The Money Factor:  Benefits of AI in Business How To Start Integrating AI into Business Strategies to Use AI in Business Connect with me on social media:  Website: http://bit.ly/2ykyLaX Twitter: http://bit.ly/2Zcibp2 Facebook: http://bit.ly/2ZfO9AW Facebook: http://bit.ly/2Zim7EK LinkedIn: http://bit.ly/2ZiPwPs LinkedIn: http://bit.ly/2ZaTh9w  About: Ian Varley is the CEO of Eagle Business Credit. Working capital funding is a way of life for him and his can-do approach when crafting a facility for his clients has kept thousands of companies in business and helped them grow. He is passionate about helping small business in America and believes that discount factoring and financing receivables is the simplest way a business can fund itself.

Feel like you're wearing too many hats and don't have enough time to focus on your sales? I get into some of the various ways to maximize your sales strategy on this episode of #TheMoneyFactor. www.EagleBusinessCredit.com #IanVarley #TheMoneyFactor #EagleBusinessCredit

On this episode of #TheMoneyFactor, we’re joined by Pamela Carnes, the CEO & President of the Cherokee County Chamber of Commerce to chat about the benefits of joining your local chamber of commerce for your business. We discuss how to find the right local chamber for you and how to get the most out of your membership.  

#TheMoneyFactor Episode: 010- How do you recession-proof your business?  Website: http://bit.ly/2Zhf1As Twitter: http://bit.ly/2Zcibp2 Facebook: http://bit.ly/2ZfO9AW Facebook: http://bit.ly/2Zim7EK LinkedIn: http://bit.ly/2ZiPwPs LinkedIn: http://bit.ly/2ZaTh9w  #IanVarley #TheMoneyFactor #EagleBusinessCredit - Are you worried about recession-proofing your business? That's what we're talking about today, on The Money Factor. Hi, I'm Ian Varley, welcome to The Money Factor. A lot of people are worried about recession-proofing their business. We've been getting a lot of questions online. Let's take the first one.  I have financial partners in place, but I'm concerned about a recession. What should I do to prepare? - That's a great question. You have to have a financial partner for your business that is not just a fair-weather friend. They're going to have to be there through thick and thin. And when recession comes and bites, are they gonna stick with you, or are they going to be very easy to call in a default if you get behind or have a bump in the road. That's one thing to start looking at, and start talking to your Relationship Manager if you have one. A lot of people have gone the online lending route. They don't even have a relationship with them. They've applied online, got approved very quickly, everything's great. But think about, okay, if things turn down a bit and you get behind on a payment, who you gonna speak to and say, "well, actually I have all this sorted, "can you, you know bear with me a bit." They won't be there. In actual fact, a lot of people are concerned that some of these online lenders, being that they approve using algorithms and other sophisticated things, are really not prepared for a recession. I was reading something about some of these people, where they're already adjusting their processes and their approval methods in preparation for that. So we may see during the latter part of this year, that the amount of new online loans goes down. So, my point is, is your financial partner really there for you in a recession? Look at, if you have a loan or a line of credit with the bank, look at the covenants that you've signed up for. Are there financial covenants that could be something you trip accidentally or just because your business isn't performing so well during a recession, that could really put you behind. Have a look at that now. Now is the time to prepare, because you have to be sure that that financial partner will stand through difficult times with you. Think about factoring. We will look at your receivables. We know that things can get behind. We live in the real world. We're less focused on your financials or your credit score, things like that. We really are somebody that sticks with businesses as they resolve problems and turn things around. We're not scared by it, and that's a question you should ask yourself. Is your lender going to be scared by issues that you might have during the recession. If you think the answer is yes, start looking for an alternative now. That's my best advice.

#TheMoneyFactor Episode 009! Is there a recession coming? What are the warning signs?  Website: http://bit.ly/2Zhf1As Twitter: http://bit.ly/2Zcibp2 Facebook: http://bit.ly/2ZfO9AW Facebook: http://bit.ly/2Zim7EK LinkedIn: http://bit.ly/2ZiPwPs LinkedIn: http://bit.ly/2ZaTh9w THE BOWTIE ECONOMIST: https://econ70.com/   #IanVarley #TheMoneyFactor #EagleBusinessCredit #Recession - Is there a recession coming? What are the warning signs? That's what we're talking about today on The Money Factor. Hi, welcome to The Money Factor, I'm Ian Varley. Are you ready for the next recession? A lot of businesses have been submitting questions online at #TheMoneyFactor asking us about that, and what do we think, how can we help them prepare. Let's take a few of those questions now. - [Narrator] As a financial expert, are you seeing any signs of a slowdown, as I'm hearing a lot of talk about a recession? - Great question. You know there is a lot of talk online at the moment and in the news. Fact is, a recession is inevitable, I'm afraid. I don't want to be doom gloom, but the fact is, in the United States history, apparently there have been 47 recessions. So, that's one on average every four or five years. It's been 10 years since the last one. Everybody remembers 2008. Well, look at us now, we're way past that. But, really and truly, there hasn't been a great recession since then, so we know that there's one coming. There are signs out there. A lot of economists will talk about whether it's the housing market we can look at, whether it's the trucking industry that we can say, okay, deliveries are slowing down. You can look at whatever signs you like. You have to look at your business and, in particular, the level of orders that you're taking and any signs that you're seeing from your customers about slowdown in their purchasing habits. Anything like that that you can look to. You can obviously go online and see a lot of insight there. There is one that really catches my eye called the Bowtie Economist, and it's GraphsandLaughs. We'll put a link on the video about this. And he's great, he makes it entertaining. So, pick your poison, whichever source you want to look at, you'll be able to find an answer, but my best advice is talk to your customers, what are they doing? Are they likely to slow down their business with you over the next few months? Ask them why. What are they seeing? That's your biggest indicator.

#TheMoneyFactor Episode 008 - Are online loans right for your business?  www.EagleBusinessCredit.com Twitter: https://twitter.com/EagleBizCredit Facebook: https://www.facebook.com/EagleBusines... Facebook: https://www.facebook.com/TheIanVarley LinkedIn: https://www.linkedin.com/in/ianwjvarley/ LinkedIn: https://www.linkedin.com/company/eagl...  #IanVarley #TheMoneyFactor #EagleBusinessCredit

 #TheMoneyFactor Episode: 007  How do you manage your cashflow and expenses and maximizing the value of your business      www.EagleBusinessCredit.com Twitter: https://twitter.com/EagleBizCredit  Facebook: https://www.facebook.com/EagleBusines...  Facebook: https://www.facebook.com/TheIanVarley  LinkedIn: https://www.linkedin.com/in/ianwjvarley/  LinkedIn: https://www.linkedin.com/company/eagl...    #SteveNevin #IanVarley #EagleBusinessCredit #Factoring #CashFlow #Expenses   Today on The Money Factor, I have Steve Nevin from B2B CFO with me. Great questions coming in, managing your cash flow, your expenses, and maximizing the value in your business. That's today on The Money Factor. Hi, and welcome to episode seven of The Money Factor. I'm Ian Varley, CEO of Eagle Business Credit. Very pleased to have with me today Steve Nevin from B2B CFO. How are you doing?  I'm well, thank you.  Awesome. Steve and I have looked at quite a few pieces of business and some companies that are in need of help. So we're gonna have an interesting episode today, I think. We've got some great questions coming at us, so let's take the first one. So, you're growing your business. That's fantastic news, but yes, things can get out of control very quickly. And overhead is a killer, if you don't keep track of exactly how you're spending you're cash. Everybody's heard the adage, "Cash is king." If your cash is being spent on expenses and you haven't got control of them in line with the growth, then you will quickly have a cash flow problem. I'm sure you see that, Steve, from time to time.  Oh yeah. In fact, this is an issue that quite frankly keeps us in business, Ian. Absolutely. Yeah.  The important thing here is that business owners need to understand what the financial statements are telling them.  And so, what we do is help owners understand trends in their business where they can identify expense items that are growing faster than their revenue.    

  #TheMoneyFactor Episode 006 - Your online presence, social media and website. How does it affect your money?    www.EagleBusinessCredit.com   #IanVarley #EagleBusinessCredit #TheMoneyFactor #Funding #Factoring #Payroll   Welcome to #TheMoneyFactor. I am Ian Varley... today we're going to be talking about online presence, social media, your website and how it affects your money. That's today on #TheMoneyFactor. Welcome to #TheMoneyFactor I am Ian Varley.. got some great questions coming in online from everybody, thank you so much for sending them in. You can find us at #TheMoneyFactor where we talk about all things related to business, your money and how to help small businesses grow. Let's take that first question. I have a small manufacturing company, do I need a website? You absolutely need a website. Nowadays if you make anything or provide any kind of service you have to have a digital shop window that's a website. And it's really not difficult to obtain. You can get somebody to do it for you. Just google it there are thousands of firms that you will find or you can try and do it yourself. GoDaddy.com, Wix.com... word of caution on those if you're really not into technology you might struggle with it or you might produce something that maybe isn't the best quality. And your customers are going to judge you by that first home page that they land on. So it's worth spending some money and getting somebody to help you with it and play with it. Come up with different ideas... how do you want to promote your products. If you don't have an online presence people aren't gonna find you these days. They're going to Google everything. Leading on from that, you want to have some reviews. So once you have an online presence established you want to ask some customers - hey would you mind going and posting a review on google for me? And you can give them a link to do it. It's real easy to do that. A lot of people are going to really look at your business, of the quality of the feedback. that people are giving on you, and that's Google reviews. Even if it's a bad review and you've responded and answered that customers complaint. That actually is a positive review. You've turned it around. 

 #TheMoneyFactor Episode 005 - Retaining the Best Employees by Offering Great Benefits  www.EagleBusinessCredit.com   Twitter: https://twitter.com/EagleBizCredit  Facebook: https://www.facebook.com/EagleBusines...  Facebook: https://www.facebook.com/TheIanVarley  LinkedIn: https://www.linkedin.com/in/ianwjvarley/  LinkedIn: https://www.linkedin.com/company/eagl...   #IanVarley #EagleBusinessCredit #TheMoneyFactor #EmployeeRetention #Benefits   Finding great employees and then retaining them by providing the best benefits you can. That's what we're going to be talking about today on The Money Factor. Welcome to #TheMoneyFactor I'm Ian Varley. I'm delighted to have with me today Catherine Hanson from Inspiraty. Wonderful see you Catherine. Great to see you and thank you for having me today. Thanks for coming. It's always a pleasure! And we've been taking a lot of questions online.. twitter #TheMoneyFactor We're going to cover some topics today that i think you're going to be right up your street. So let's take the first question.  How do i find and retain good employees for my growing business. You know good employees are the biggest asset that a business can have. Without good employees you're not going to give good service to your customers. And without customers you don't have a business. So you know we're always trying to find good people and keep them happy. And in today's changing world you know people talk about Millennials and the way that they think about things a little differently. It's important to give the right benefits and provide them with the right atmosphere to work in. So at Insperity I know that you guys provide a lot of different services that can help businesses like mine with that. You talked about some of those things that will be... you know attractive to people looking for a new job. Sure, absolutely... and that's a great question. 

 #TheMoneyFactor - Episode 004 - No Track Record? Worried About Your Financing Options?   www.EagleBusinessCredit.com  Twitter: https://twitter.com/EagleBizCredit Facebook: https://www.facebook.com/EagleBusines... Facebook: https://www.facebook.com/TheIanVarley LinkedIn: https://www.linkedin.com/in/ianwjvarley/ LinkedIn: https://www.linkedin.com/company/eagl... #IanVarley #EagleBusinessCredit #Factoring I'm Ian Varley and  this is #TheMoneyFactor.  No track record? Worried about financing options for your business? That's what we're going to be talking about today on #TheMoneyFactor Hi, I'm Ian Varley CEO of Eagle Business Credit welcome to episode 4 of #TheMoneyFactor.Where we take your everyday questions about business finance and common problems that you run into as a small business owner. Today we've got a lot of questions coming in about how to find finance for your company. You can find us on social media #TheMoneyFactor.  If you've got any questions you want to ask please feel free, send them in. I've started a business why wont my bank give me a line of credit? Hey great question, you know it's really hard as a startup company to get finance from a bank. They typically will want to see two or three years maybe four years worth of history and some track record. You know it's hard for a bank to take that initial risk when you're a startup. They don't know how it's going to pan out. So unless you're a high net worth individual, you have some tangible collateral like real estate. That's what the bank will want to be able to give you money. Kind of feels weird that you have to give them something in order to get money. You'd rather you get some kind of unsecured loan from a bank but it's probably not going to happen unless you this is your third or fourth go-around and the banks very comfortable with you. May not be the best place to go to start your finance journey. There are lots of different options out there. Some banks are more flexible than others and often it depends on how much you're actually looking for of course. But you know, worth a try. We can talk about some banks that we know will do small business lending. If you're an established company and you're going for that big line of credit and you're graduating into a facility from something else. Maybe you've got member loans or investor money.

 #TheMoneyFactor Episode 003!    Topic: Cyber security and the risks to your business.     www.EagleBusinessCredit.com   Twitter: https://twitter.com/EagleBizCredit  Facebook: https://www.facebook.com/EagleBusines...  Facebook: https://www.facebook.com/TheIanVarley  LinkedIn: https://www.linkedin.com/in/ianwjvarley/  LinkedIn: https://www.linkedin.com/company/eagl...   #IanVarley #EagleBusinessCredit #AlanAdcock #CyberSecurity   This is #TheMoneyFactor I'm Ian Varley.  Today we're going to be talking about cybersecurity and the risks to your business. on #TheMoneyFactor. I am Ian Varley, welcome to episode three of #TheMoneyFactor where we talk about business issues and your money questions answered. Really pleased to have with me today Alan Adcock from ASC Group. Hey Alan how are you? Good thank you. Yeah thanks for having me. Thanks for coming. We're going to be talking about IT issues that can cost your business and cyber security risks that you need to be aware of. Some common questions that are coming at us through social media. If you have questions, please find us on LinkedIn, Twitter send your questions into #TheMoneyFactor. I have antivirus software installed on my computer... do I have any need to be concerned? That's a great question. Everybody pretty much gets antivirus software pre-installed nowadays on their laptops. But do they keep it up-to-date? Are they looking at what happens when it's actually intercepting a virus? Personally I think there are a lot more risks out there these days. Not just from viruses that can hit your computers, but from malicious emails. We hear about ransomware... all those sorts of things. Alan tell us some of the stuff that you're coming across that people need to be aware of. Yeah thanks Ian. The antivirus is the traditional antivirus that's out there... it's mostly definitions based. 

 #TheMoneyFactor Episode 002 Guest: Patrick Zazueta from Huntington Coast Capital.  Topics: Purchase Order Finance & Equipment Funding   www.EagleBusinessCredit.com  #EagleBusinessCredit #Credit #IanVarley #PurchaseOrderFinance #EquipmentFunding #Funding   Twitter: https://twitter.com/EagleBizCredit Facebook: https://www.facebook.com/EagleBusines... Facebook: https://www.facebook.com/TheIanVarley LinkedIn: https://www.linkedin.com/in/ianwjvarley/ LinkedIn: https://www.linkedin.com/company/eagl... On this episode of #TheMoneyFactor I have with me all the way from the west coast Patrick Zazuetta from Huntington Coast Capital and we're going to be talking about purchase order finance and equipment funding on #TheMoneyFactor so welcome to #TheMoneyFactor I'm your host Ian Varley with the Eagle Business Credit and I'm pleased to have with me Patrick Zazueta from Huntington Coast Capital Patrick how are you today? I'm doing great thanks for having me on the program, how are you doing? I'm doing well, thank you so much for spending the time with us. I know getting on Skype always a challenge but it's great to see you it's been a long time since we last spoke. Yeah likewise, it's it's been a while and always good to reconnect. I am a distribution company and I love how factoring smooths out my cash flow but I need more funding what are my options?  So distribution company... yeah I mean factoring is a great solution anybody that has receivables and is giving terms to other businesses is going to have their cash flow tied up pretty much and if you've used all of that and you need more, if you're a distributor and you're buying finished goods then a good option could be purchase order funding. It operates independently to your factoring facility, and we find it's a great solution. Because if you get a large order it can really give you that extra jolt of cash that you need in order to buy those goods in and turn it into receivables. Patrick you've come across a few of those in your time as well I know we've looked at one recently that

 The Money Factor Episode #001 Guest: Dave Olsen from Northstar Payroll.   As a business owner you have to pay payroll and you have to pay your taxes...      www.EagleBusinessCredit.com     Twitter: https://twitter.com/EagleBizCredit  Facebook: https://www.facebook.com/EagleBusines...  Facebook: https://www.facebook.com/TheIanVarley  LinkedIn: https://www.linkedin.com/in/ianwjvarley/  LinkedIn: https://www.linkedin.com/company/eagl...  #EagleBusinessCredit #Factoring #IanVarley #NorthstarPayroll #DaveOlsen #Taxes #PayrollTaxes #Payroll   Hi,  welcome to #TheMoneyFactor I'm Ian Varley CEO of Eagle Business Credit and I'm delighted to have with me today Dave Olsen from NorthStar Payroll if you're a business owner you have to pay payroll and you have to pay your taxes that's what we're going to be talking about today on #TheMoneyFactor Hi and welcome to episode one of the money factor really pleased today to have Dave Olsen from NorthStar Payroll with me Dave how are you doing today? Doing well how about you? Doing well. I enjoyed our chat the other day learning about all the services that your company performs and really appreciate you taking the time to come visit with us. My pleasure I love talking to small business owners. We have a number of questions coming at us usually on Twitter, LinkedIn if you have questions go to @EagleBizCredit #TheMoneyFactor LinkedIn you can find Eagle Business Credit all over the place or my profile Ian Varley. I followed behind with my 941 payroll taxes any advice? That's a great question we have a lot of companies in that situation who come and look for funding and it is a problem. You've got to pay your payroll taxes so we do look at that in detail. But there's a number of different ways that we approach