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The Integrated Entrepreneur
Welcome to The Integrated Entrepreneur with Jonathan Fodera, hosted by founder, author, public speaker, investor and entrepreneur Jonathan Fodera. On this podcast you'll learn strategies on how to become a better operator, how to acquire more clients for your company, how to retain those clients, valuable lessons, and how you can avoid the mistakes that Jonathan has triumphed on his path to $500M+ in financing for business owners and entrepreneur's.
Meet the Co-Host:
Keith Gause was born in Houston, Texas and moved to Jacksonville, Florida at the age of 2. He continues to reside in Jacksonville with my wife, Deanna, and two daughters: Addison (13) and Kylee (10) and their 4 dogs, a cat, a bearded dragon, and a snake. (If it were left to the ladies to decide, they would have a zoo!)
Keith’s childhood was spent playing sports, being an only child, and watching his father become an entrepreneur by continuously failing and trying again. His father built a multimillion-dollar company allowing him to retire and live the life he always dreamed about. Watching his father’s journey taught him a lot about business.
Not ready to jump into the family business, Keith went into the military in the year 2000 at age 18. He spent 5 years assigned to the 20th Special Operations Command in Ft. Walton Beach FL and spent a majority of his military career deployed to places that needed the most attention.
Keith continued in the world of excitement and danger by going into Law Enforcement where he spent 10 years working in Northwest Jacksonville. He worked the nightshift, 6pm -6am, which allowed him to have a full day to make an impact on what he ultimately wanted to do. That goal was to create an empire and to impact as many business owners as possible.
In 2009, wanting to care for his wife and first born in the best way, he took a big risk and spent his entire savings on an inactive business name and one inflatable bounce house. Bounce Around Jax Party Rentals was Northeast Florida’s #1 party and event rental business. At least that is what he believed!
By 2012, Keith was able to make a 7-figure exit and leave Law Enforcement and began to study all things finance & investing. He focused on learning about any mistakes he had made as a business owner and became obsessed with helping others avoid the same ones. That is how Tideland Consulting came to be. Now, Tideland operates in all 50 states and has created a non-bias ecosystem for growth-oriented entrepreneurs that maximizes how each dollar impacts the business, from protecting assets and reducing taxes to succession plans and exit strategies.
In 2023, Tideland aligned with GFG Solutions as a strategic partner to serve business owners at the highest level, with a white-glove service feel from a world-class team.
The Integrated Entrepreneur
The Essential Guide to Business Lines of Credit
Could a business line of credit be the financial game-changer your company needs? In this episode of The Integrated Entrepreneur, Jonathan Fodera and Joseph Viccora dive into the world of lines of credit, distinguishing them from traditional loans and using our personal experiences to illustrate their power. Reflecting on how these financial tools can offer the same flexibility as a credit card, they venture into the intricacies of payment structures, highlighting both the potential and the pitfalls that come with interest-only versus principal and interest payments. This discussion takes a sharp turn as Jonathan and Joseph revisit the 2008 financial crisis, drawing lessons on maintaining business flexibility during financial downturns.
Timing can be everything when it comes to applying for a business line of credit. Jonathan and Joseph dissect the strategies for optimizing credit lines to ensure they're not just a lifeline but a tool for strategic growth. They explore scenarios where a line of credit can be the perfect fit, like taking advantage of inventory discounts or handling unexpected costs. On the flip side, they caution against using them for long-term assets like equipment—there are better options for those. Offering insights for seasonal businesses, this episode explains why applying during peak revenue periods could enhance your approval odds and set you up for unexpected opportunities or emergencies.
Maximizing the benefits of a business line of credit requires careful management, and Jonathan and Joseph emphasize the importance of this as they wrap up the episode. This conversation provides practical advice on using credit lines responsibly for emergencies, opportunities, and recurring expenses, and underlines the significance of paying them off promptly to maintain financial health. As Jonathan and Joseph express their gratitude for their growing podcast community, they invite you to share these insights with fellow entrepreneurs and welcome your feedback on future topics. Tune in to this conversation to turn financial uncertainty into strategic advantage.
- A line of credit is a revolving credit option for businesses.
- Interest-only lines of credit can be risky if not managed properly.
- Every business should have a line of credit for emergencies and opportunities.
- The best time to apply for a line of credit is when you don't need it.
- Lines of credit should be used for short-term needs, not long-term investments.
- Using a line of credit for equipment purchases is not advisable.
- Maintaining good cash flow is crucial for obtaining credit.
- Negative days in your bank account can hinder credit approval.
- Applying during peak business times increases chances of approval.
- Using a line of credit wisely can lead to business growth.
🎙️🚨 PODCAST GIVEAWAY 🚨🎙️
Apple Podcast: https://podcasts.apple.com/us/podcast/the-integrated-entrepreneur/id1721945867
Spotify: https://open.spotify.com/show/44djZ5wR9cyqTAKJs8DyEX
Subscribe to the podcast and email proof of subscription to jviccora@integratedbusinessfinancing.com.
🎁🏆 PRIZES 🏆🎁
🥇 Capital Tools Program ($1,999.00).
🥈 Business Strategy Session ($1,000.00).
🥉 Merch (Tees, Hats etc.).
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