How to Get Funding For Your Business

Authentic Business Adventures Podcast

Leo Kanell - 7 Figures Funding On the Power of Having a Solid Team: "If you're going to grow and scale something that is making money while you're on vacation and sleeping, then you got to have great leaders." Money makes the world go 'round. This is especially true in business. As your business grows, you may need to leverage money as a tool. How do you get funding for your business? Leo Kanell, founder of 7 Figures Funding, explains how the business financing world works. We explore essential topics like the importance of maintaining a healthy business bank account balance, leveraging alternative lending options when traditional banks fall short, and the evolving landscape of virtual events and content marketing in B2B environments. Leo also shares valuable insights on sourcing and retaining quality employees, the significance of personal and business credit scores, and the nuances of effective incentive structures in sales. We'll hear inspiring success stories, such as a beauty salon owner who expanded her business thanks to 7 Figures Funding, and gain practical advice on managing cash flow, fostering a positive company culture, and continuous learning and improvement for business growth. Whether you're a startup or an established small business, this episode is packed with actionable insights to help you secure financing, build strong credit, and thrive in today's competitive market. Listen as Leo explains what you can do to ensure that if and when you need funding, you have the right things in place to make it easy to get that yes from a lender. Enjoy! Visit Leo at: https://www.7figuresfunding.com/ Podcast Overview: 05:07 Return on loan matters more than interest rates. 07:14 Helping overlooked businesses thrive financially and succeed. 12:49 Keep your bank account and taxes in check. 14:48 Personal score: 720+; Build biz credit with three. 17:31 Dun and Bradstreet boosts your business credit. 22:49 Virtual events and videos are game-changers now. 26:09 Top performers don't always make great managers. 30:23 Misaligned incentives made financing operations inefficient. 32:47 Make sure you're getting quality, cash-boosting clients. 37:55 Pick smart banks for better business perks. 39:37 Fintech platforms make getting capital super easy. 43:04 Cash flow tool helps small businesses thrive. 48:01 Great leaders, keep learning, handle cash flow issues. Podcast Transcription: Leo Kanell [00:00:00]: The magic number is 25,000. So a lot of the time strategically, we're going to be able to get a client, you know, 4 or 5 lenders who each give them $25,000 And that's usually the magic number. James Kademan [00:00:16]: You have found Authentic Business Adventures, the business program that brings you the struggle stories and triumph and successes of business owners across the land. Downloadable audio episodes can be found in the podcast link found at drawincustomers.com. We are locally underwritten by the Bank of Sun Prairie, calls on call extraordinary answering service, as well as the Bold Business Book. And today, we are welcoming slash preparing to learn from Leo Kanell, the CEO and founder of 7 Figures Funding. I'm excited to have Leo on the show because today, we are talking money in business, which are 2 things that well, they go hand in hand, and they're a lot of fun. It's what we're doing here. So, Leo, how is it going today? Leo Kanell [00:00:55]: James, going awesome. Excited to connect with the audience, and there's no doubt about it. Business is an adventure. James Kademan [00:01:02]: I was just reading on your website. It's talking about cash flow, which is essentially the lifeblood of business. Leo Kanell [00:01:07]: For sure. James Kademan [00:01:08]: Let's start out with what is 7 figures funding. Leo Kanell [00:01:11]: Yeah. Great question. So, for the last decade, we've been, serving small business owners. There's 30,000,