Hi, I'm Noelle Randall. Real estate millionaire, mentor, mom of 5, speaker, author and so much more
and did you know that there are some major mistakes that most
businesses make? Well, I know because I used to make those same mistakes so I'm going
to tell you exactly what they are and how to avoid them. Let's go.
So before I get into the big secret, let me tell you another big secret. Did you know that most
businesses fail? Yeah. Actually statistically speaking, most businesses that are started
fail in the first two years. Meaning most people get a business license, registration,
they start a business and by the time they are to renew their license the second time
you know the second year, they are dissolving the business and the business is defunct.
Now why is that? That is because most people do not have funding. You know one of the things that I
can say after being a successful entrepreneur for more than 10 years and starting several businesses
and having eight successful businesses that I've run now including a non-profit, I can tell you
how important it is to have funding and to have funding even when you don't need it. This is the
most important thing. Money businesses go to get money from lenders when they need it and that is
just a really big mistake so let me tell you how you avoid that and how to set up your business
properly so that you are successful right from the beginning and you don't make those same mistakes.
Let's get to that part. So step one, you want to make sure that you have a business plan. All right
and a business plan does not have to be something that you've paid a lot of money for or that you
hired someone to write for you or anything like that. In fact as a favor, I'm gonna put
a link down below where you can get a template directly from me and my team absolutely free. Okay
so just look below and you'll see a link down there for a free template of your business plan.
So let's kind of go through that really quickly. So, one of the important things that you need to talk
about in your business plan, I'm not going to make a whole video on business
plan. In fact I've actually made an entire video on how to do your business plan and I'll put a link
to that but let me give you some quick basics so I can talk about how you get money by having
a business plan because that's what you really care about, right? Yeah, yeah. I know it is. Okay
so the business plan and the more important thing that we're gonna focus on is what you are doing
with your money. So, one of the things that you always talk about in your business plan is how
you make money but the one thing that most people actually forget in the business plan is how you
are going to get money, how you are going to have reserves, how you're going to get capital not just
you sell a product and you have that money. How are you going to have money in case products are not
selling or in case you need to buy more inventory before people pay you for it and things like that?
Well the answer of course is business funding. All of your large businesses, Walmart, Amazon, Google any
business that you can think of, they have credit. They do not just use all of their own money, they
probably have lots of business credit cards and lots of business loans and just lines of
credit and just out the wazoo of how much money they have access to and the bigger the company,
the bigger the debts, I assure you. Walmart has way more debts than you could ever imagine
because they make billions of dollars per year. This is similar with you. You have to start
thinking ahead and start thinking like a bigger business and as a bigger business, you will grow
and you will need money to grow. So before you ever even get your business going, start thinking about
business credit and business funding. You set up your business so that you can borrow money
before you need it. You don't want to wait till you need money and then go to try to
borrow money for your business. The best time to borrow money for your business
is when you get started and when you don't need it. The worst time to borrow for your business is when
you are struggling and you need the money because you probably won't get it. So, let me share with you
the secret to how you get this done quickly and easily. So, after you have your business plan done,
the number one secret to getting funding and that is so important that most entrepreneurs overlook
is a business checking account. Yeah, I know it's so simple but having your business checking account
set up and utilized every day where you're showing transactions going in and out is going to be one
of the most powerful things to get your business funded. Most people have no idea how easy it is
to just show three months of business checking account statements and end up with twenty, forty,
fifty thousand dollars for your business, even a new business. Okay so let me give you a big secret
on how you can get a business checking account quickly and easily through North One. As you can
see, it is very easy to get an account with North One. Small businesses just need a quick thing. You
can go get your account set up in less than three minutes. North One is trusted by nearly 200,000
businesses in America. It is amazing how powerful this small company is and how fast they're growing.
This is made for new entrepreneurs and people are really taking advantage of it. I am super proud of
me and my students for getting these accounts. You can easily integrate all of your other accounting
systems like QuickBooks, you can easily integrate things like Venmo, cash at PayPal, Stripe, Square
so that you can easily show money going into your checking account and have all of these different
statements available so that you can easily show lenders such as National Business Capital for
example, one of my partners, that you are ready for funding and having all of this integrated and set
up really easily makes the process simple and easy to download all of the statements that you need
to get funded in just a matter of days. And then last but not least, you have to start
making offers and selling your products. So many entrepreneurs miss the step of actually selling.
Every business needs to be selling and making money. Yes, you will have those reserves and doing
these things that I've told you will make sure that you have a nice cushion for your business
but the only way that you're going to really be started in your business is to start selling. And
so with North One bank, you can also send invoices. You can start getting payments. People can pay
you directly to your North One account. You can charge for your services and easily send over
an invoice absolutely free and this is included with your account. It is an amazing thing. So you
can start getting money for your business, have the statements that you need to get funding and
have your business organized so you can keep track of your money and the revenue that you
are making in your business. It's an amazingly an easy thing. Whoa, okay don't forget to get my free
business plan. I have the link below for you, make sure you get it, it's absolutely free and I want
you to comment below with what the name of your business is and how you are doing in your business
because I am going to keep track of you and help you with your business. Get it done, get it done.