CATCHJSBUFORD

5 Simple Steps to Become More Attractive to Investors

Posted by JuJuan Buford @JSBUFORD

Share Tweet Forward Share WE BELIEVE ENTREPRENEURSHIP IS EMPOWERMENT.  IT’S FREEDOM. THE FREEDOM TO EXPLORE, SHAPE, AND EXPRESS ONE’S SELF UNABASHEDLY. Posted by JuJuan Buford @JSBUFORD   So you’ve established your LLC on paper. What’s next?! Here are a couple of things to keep in mind to continue leveling up. In no specific order of importance.    Once your services and or products are beta tested… you’re regularly onboarding customers, at some point, you’re going to need to seek out talent (staff, virtual assistant, partners, investors) to build a healthy, thriving business. You will no longer be able to use your personal finances and credit.  Cheat Sheet Regarding How to Establish Business Credit    IT’S NOT WHAT YOU KNOW (FOR THE KNOW IT ALLS) THAT KILLS YOU IN BUSINESS. IT’S WHAT YOU DON’T KNOW.    What Questions Should You Ask When Starting a Business?   Important Business Documents    What's next for those who are looking to become capital ready? In other words, become more attractive to banks, microlenders, private investors, or hard-money lenders.    #1. If you are an LLC, begin curating your operating agreement. agreement. See “Important Business Documents”     #2. Make sure every employee of the business signs and independent contractor agreement. A non-compete (W-2) or non-circumvent (1099s). And NDAs. You don’t just have to protect your business from the public, but from the bad decisions, an employee may make.   Learn more about trademarks and your intellectual property rights in general. People don’t want to buy you (the majority of the time), they want to invest in systems and brands.    #3. It's not required (technically), but investors love if you keep corporate minutes. It means you’re a grown adult business owner. It BIGLY separates you from almost everybody.     #4. Gain a basic understanding of the contents of a P&L (Profit & Loss) statement. Ask an accountant about this. If you don't have an accountant that you can talk to on a regular basis, I have some referrals for you.    #5. If you haven't done, establish your business with Dun & Bradstreet. Learn about the importance of your Paydex score!    NEED A BUSINESS COACH Business Blog About All Things Business Related. Marketing & Sales Tips. Information About How to Become Investable, Build Business Credit & Acquire Financing. Networking Tips. Create Credibility and Acquire More Clients. Leadership Matters.  Featured Article. Morning Mindset Routine for Entrepreneurs - Getting Your Mind Right NEED A BUSINESS PLANNING LAW FIRM DO YOU LOVE OUR CONTENT? & YOU'RE FEELING A BIT TIPSY? About Us   We are a business solutions organization with an international footprint serving professionals who wish to transition into entrepreneurship, and providing guidance and technical assistance to established entrepreneurs and investors seeking to launch, grow, and scale their endeavors from a team of me to a team of we.   JuJuan Buford, Managing Partner 888.549.9689 / j[email protected] / https://linktr.ee/jujuanbuford   SCHEDULE AN APPOINTMENT   IS THERE MORE! WELL.... YES THERE IS. SUBSCRIBE TO LEARN MORE   https://bit.ly/yesthereismore     #smallbizarchitect #businessarchitecture #entrepreneurship #catchjsbuford #entrepreneurshipisempowerment #mindset Copyright © *|CURRENT_YEAR|* *|LIST:COMPANY|*, All rights reserved. *|IFNOT:ARCHIVE_PAGE|* *|LIST:DESCRIPTION|* Our mailing address is: *|HTML:LIST_ADDRESS_HTML|* *|END:IF|* Want to change how you receive these emails? You can update your preferences or unsubscribe from this list. *|IF:REWARDS|* *|HTML:REWARDS|* *|END:IF|*

5AM SMALL PLATE - Let's Talk About Proximity to Power

I learned a long time ago that proximity to power. Living in a zip code, attending a certain school, or being friends with wealthy people doesn't make you part of the club.

Living the champagne life on a beer budget is not what's up.

It's like being the janitor, sweeping the floors of a multi-billionaire's office. You're in the room. But... (and there are one out of a million exceptions)

A little bit of paranoia and anxiety is good for an entrepreneur. Be hungry for knowledge, resources, better relationships, becoming more valuable to your network, and building your net worth.

#smallbizarchitect #entrepreneurshipisempowerment #DecideBeDoHave #growthmindset #nextoppsocial #catchjsbuford #liveinpower #levelup #levelupchallenge

The Recession is Coming (Here). You Don't Have to Participate In It.

 

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Share Tweet Forward Share WE BELIEVE ENTREPRENEURSHIP IS EMPOWERMENT.  IT’S FREEDOM. THE FREEDOM TO EXPLORE, SHAPE, AND EXPRESS ONE’S SELF UNABASHEDLY. What's more important? Being profitable or purposeful? Can you do both..., especially at the beginning of your entrepreneurial journey? Do you have to sacrifice one for the other? In this episode of Streamin With a Purpose with Sylvia Montgomery we explore how to scale your business, finding your purpose, while impacting the world and living a life of passion and satisfaction. Grab a pen and pad, along with your favorite cup of coffee or tea, and tune into this inspiring and unabashedly honest episode by clicking the notes and links in the comments And of course like, comment, and share! Because sharing is caring, and a candle loses nothing by lighting another candle. #purpose #entrepreneurship #passion #profits #catchjsbuford BONUS CONTENT NEED A BUSINESS COACH THE RECESSION IS COMING (HERE) AND YOU DON'T HAVE TO PARTICIPATE IN IT.  CONTINUE READING..... IF WITH YOU ARE A B2B (BUSINESS TO BUSINESS) ENTREPRENEUR. IF YOU LIKE BEING THE PLUG FOR INFORMATION AND RESOURCES IN YOUR COMMUNITY FOR PROFESSIONALS AND ENTREPRENEURS.  IF YOU ARE TIRED OF THE SAME, SOME DAY ONE DAY NARRATIVE ROLLING AROUND IN YOUR MIND. OR COMPANIES THAT ARE HERE FOR 5 MINUTES AND GONE TOMORROW.  IF YOU ENJOY HELPING ENTREPRENEURS. LOVE BUSINESS DEVELOPMENT. & YOU REALLY... REALLY WANT TO BUILD RESIDUAL REVENUES. IF THIS IS YOU, CLICK THE IMAGE BELOW  OTHERWISE... IGNORE THIS ANNOUNCEMENT. AND CONTINUE TO ENJOY THE FREE CONTENT BROUGHT TO YOU BY ENTREPRENEURS FOR ENTREPRENEURS WHO EARN GROWN ADULT INCOME AS ENTREPRENEURS.    NEED A BUSINESS PLANNING LAW FIRM DO YOU LOVE OUR CONTENT? & YOU'RE FEELING A BIT TIPSY? About Us   We are a business solutions organization with an international footprint serving professionals who wish to transition into entrepreneurship, and providing guidance and technical assistance to established entrepreneurs and investors seeking to launch, grow, and scale their endeavors from a team of me to a team of we.   JuJuan Buford, Managing Partner 888.549.9689 / j[email protected] / https://linktr.ee/jujuanbuford   SCHEDULE AN APPOINTMENT   IS THERE MORE! WELL.... YES THERE IS. SUBSCRIBE TO LEARN MORE   https://bit.ly/yesthereismore   Copyright © *|CURRENT_YEAR|* *|LIST:COMPANY|*, All rights reserved. *|IFNOT:ARCHIVE_PAGE|* *|LIST:DESCRIPTION|* Our mailing address is: *|HTML:LIST_ADDRESS_HTML|* *|END:IF|* Want to change how you receive these emails? You can update your preferences or unsubscribe from this list. *|IF:REWARDS|* *|HTML:REWARDS|* *|END:IF|*

3 Business & Wealth Destroying Mistakes Entrepreneurs Make

Posted by JuJuan Buford @JSBUFORD

 

 

 

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Share Tweet Forward Share WE BELIEVE ENTREPRENEURSHIP IS EMPOWERMENT.  IT’S FREEDOM. THE FREEDOM TO EXPLORE, SHAPE, AND EXPRESS ONE’S SELF UNABASHEDLY. #1. I'm going to be a bit curt or maybe even disrespectful here about this issue. But I'm not here to tell you what you want to hear but need to hear. If you are investing money in pool tables, a new car every 7 years, taking 5-figure vacations annually, spending 5 figures for your children to go to school...  And you have not completed or updated your estate plan over the last three years? Your life and children are simply vanity projects. You're not serious about building wealth and leaving a legacy. You just like to sound good for your peers.  Prince, Michael, Aretha, Chadwick, Joe, Sarah, Arnold, Danny, Takeoff, YOU. You say to yourself it's not important because I don't have a lot. Remember, I'm a former investment advisor (quietly been obtaining my licensing again, but don't tell anybody) and financial services professional for approximately two decades. That is dumbapple excuse. If you have less, then that means your family needs you to have your affairs together even more, because you cannot afford to squander anything.  I served the entire state of Michigan and consulted across the entire United States. The super-majority of my wealthy clients inherited their wealth. Period. The super-majority of my clients were not athletes or entertainers. They were regular Joes & Janes that inherited 20k here. 10k there. 100k sometimes. But were able to start businesses early on and jump-start their wealth-building journey because Granddad & Grandma had a joint survivorship life insurance policy and an estate plan (a will, durable power of attorney, medical directives, and pour over at minimum).  The African Diaspora is slated to have a collectively ZERO networth in approximately 20-30 years. Stop drinking the kool-aid and believing social media hype. YOU, your friends, and your family are lying. 90% don't have it done. Hire an estate planning attorney (not some online service). Or call me to set an appointment. Do it TODAY.  No one rehearses funerals.  #2. No one rehearses disabilities either.  What is the likelihood of becoming disabled? Men have a 43% chance of becoming seriously disabled during their working years. Women have a 54% chance. At age 42, it is four times more likely that you will become seriously disabled than that you will die during your working years. Acquire a life policy with a disability income rider.  Acquire an own occupation (ask me about this later) disability plan. And, or acquire a business expense disability plan to cover business expenses (rent, accounts payables, supplies, utilities, operations, etc., etc.) allowing you to recover quickly after you recover. Yes, these programs exist, and they are very inexpensive.  This issue is destroying more small business owners than the pandemic ever did.  #3. The I "don't do or like sales" attitude is going to result in one thing happening to you eventually. Someone who understands what sales is (simply the transference of belief and passion for what you do) is going to take your customers. Or you'll never take on enough customers to scale your impact and revenues, and the next downturn, pandemic, or challenge lurking around the corner is going to detonate your business.  Hire someone who is effective at sales. Or overcome this mental hurdle. Otherwise, your business is just a hobby. There are a handful of organs that need to be healthy for your business to live, grow, and thrive.  Sales Marketing Tax & Accounting Legal Human Resources If you neglect any of these organs. Your business is on borrowed time.  Here is an approach that I've used to help entrepreneurs and sales professionals overcome their fear of sales. Listen, like, comment, and share. We need to help more people.  NEED A BUSINESS COACH Business Blog About All Things Business Related. Marketing & Sales Tips. Information About How to Become Investable, Build Business Credit & Acquire Financing. Networking Tips. Create Credibility and Acquire More Clients. Leadership Matters.  Featured Article.   Why Establishing An LLC May Not Be Enough to Protect Your Business   NEED A BUSINESS PLANNING LAW FIRM DO YOU LOVE OUR CONTENT? & YOU'RE FEELING A BIT TIPSY? About Us   We are a business solutions organization with an international footprint serving professionals who wish to transition into entrepreneurship, and providing guidance and technical assistance to established entrepreneurs and investors seeking to launch, grow, and scale their endeavors from a team of me to a team of we.   JuJuan Buford, Managing Partner 888.549.9689 / j[email protected] / https://linktr.ee/jujuanbuford   SCHEDULE AN APPOINTMENT   IS THERE MORE! WELL.... YES THERE IS. SUBSCRIBE TO LEARN MORE   https://bit.ly/yesthereismore   Copyright © *|CURRENT_YEAR|* *|LIST:COMPANY|*, All rights reserved. *|IFNOT:ARCHIVE_PAGE|* *|LIST:DESCRIPTION|* Our mailing address is: *|HTML:LIST_ADDRESS_HTML|* *|END:IF|* Want to change how you receive these emails? You can update your preferences or unsubscribe from this list. *|IF:REWARDS|* *|HTML:REWARDS|* *|END:IF|*

Morning Mindset Routine for Entrepreneurs - Getting Your Mind Right

Posted by JuJuan Buford, Entrepreneur & Author @JSBUFORD

Who is determining your priorities? Is it the television set? Social media? Do you find yourself unconsciously checking your Facebook, Instagram, TikTok, etc., etc., pages compulsively? Are your worries: bills, your boss, conflict-ridden relationships, haters, or the latest batch of constantly negative news......?

When you lay your head down at night or awake first thing in the morning, what are your predominating thoughts? And who and what is determining them? Are you on auto-pilot, where you haven't taken time to ask yourself the aforementioned questions because the whirlwind of life is the software currently running your hardware?

Jim Rohn, The Set of the Sail. https://youtu.be/a-hwzFc8MWk

What are your values? What are the principles that determine the setting of your sail? Have you defined where you intend to be a month, a year, five years from now, and ultimately what is your destination? Here's an even more telling question: How much time are you spending answering these questions versus succumbing to the whirlwind?

The answer for most of us might cause a sense of fright or consternation. But it doesn't have to.

Here's an abridged version of a powerful exercise I gleaned from Timothy Ferriss's, Tools of Titans. Lie, cheat, and steal my friends.

Lie awake at night curating your future,

Cheat and steal from the best ideas and practices at your disposal, and

Build the masterpiece that you were born to live.

 

First thing in the morning.

I'm grateful for:

1)

2)

3)

 What are three things I can accomplish that would make today a masterpiece?

1)

2)

3)

 What are the three things I love most about myself and/or the person I'm becoming?

1)

2)

3)

 

 Before you close your eyes at night.

What are three experiences or tasks I accomplished today that I'm most excited about?

1)

2)

3)

What are three things or areas of my life that I could improve?

1)

2)

3)

 

Thank you for taking the time to read this article. My hope is that the content helps you to achieve your goals and live lives of satisfaction. And that you subscribe, and reciprocate with your insights so that others may benefit. Or just share your appreciation.

 

 

Do you have additional questions? Call 888.549.9689 x.101 or I invite you to visit my online survey and schedule a virtual meet-up. And if you found this article and any of our content to be awesome, and you're feeling tipsy? Buy me a coffee! 

 

 

JuJuan Buford, Managing Partner

888.549.9689 / [email protected]

Website - https://thebufordco.com/