Good News For Contractors That Need Cash Now!
January 5, 2010
What would you do if $25,000, $50,000, $100,000 or more was placed in your hands today?
- Would you choose to:
- Finally take a paycheck for yourself ?
- Pay off your growing mountain of debt?
- Pay off your personal credit cards so the collection calls and notices stop?
- Make your phone ring again with a new advertising campaign?
- Open a second location to grow your business?
- Buy a new truck, tools, or equipment to improve your business?
- Sell your business, retire, and start living the good life?
Have you often thought as you stare at your bank statements that, “If I could only get a cash infusion into my business, I could make it rain money?” Are you an honest, hard-working contractor providing high-quality products and services, yet you find yourself financially strapped in these tough economic times?
If so, you’re not alone, and there is an opportunity knocking at the door to help you find the money you need to survive the economic storm.
Money Available For Contractors
As we’ve seen in the economy today, there are funds available to bail out banks, investment firms, the auto industry, and other failing businesses, and there is money available to help contractors, too. It’s just a matter of knowing how to apply and whether you qualify or not.
- Just a few categories that may help contractors in these tough times are:
- Business expansion capital
- Equipment leasing funds
- Debt consolidation
- Liquidation of debt
- Venture capital
- Vehicle leasing funds
- Real estate leasing funds
- Unused asset liquidation
- Acquisition capital
- Investors looking to acquire contractors
Don’t worry about your present financial situation. Applications don’t always require collateral, credit checks, security deposits, or co-signers. You can apply even if you have a bankruptcy, so don’t sell yourself short before you’ve even applied.
To bring contractors more information on the funds that are available, Success Group International® will be hosting the Money for Contractors Emergency Relief Summit on June 13 to give contractors the information they need to secure new capital for their businesses.
Terry Nicholson, the president of Success Group International®, specializes in turning around troubled companies. He has a keen eye for spotting the roadblocks holding contractors back, and said he is bringing together a team of financial experts to help contractors secure the capital they need. Nicholson said he also plans to unveil an emergency action plan that struggling contractors can implement immediately to save their businesses.
11 QUESTIONS ABOUT CONTRACTORS EMERGE
An Interview With Terry Nicholson
The Successful Contractor: What prompted you to create the Money for Contractors Emergency Relief Summit?
Terry Nicholson: “Times are tough today for contractors. I’ve talked to many contractors who are hurting. They feel like they are sinking in debt as they watch their accounts payable grow and overdue notices keep coming with no relief in sight. They are looking for help and many of them are looking for money to loosen that stranglehold of debt around their neck, keep their businesses going, and help them survive these tough times. For some, bankruptcy is staring them in the face if they don’t find relief quickly and they are desperate for a lifeline.
“But the sad part is that, for most, this didn’t happen overnight. They’ve been dealing with problems for years, and often without them knowing it, their business has been slipping backwards. A few contractors out there may have been running solid businesses that were simply blindsided by the economy, but the majority are hard-working men and women who got into trouble little by little. A little mistake here or there during the good times wasn’t enough to create a challenge, but all those little mistakes added up to big trouble when they were compounded by the economy. For them, getting money to help is the first step in rebuilding their success, but at the same time, they need to go to work on correcting those little mistakes.
“However, some contractors let pride get in the way. They don’t want to ask for help and they don’t want to feel like they need advice from anyone else. They’re too proud. They may be losing money for months or years and not know why. If that’s you, I urge you to set your pride aside for a day and come discover what money is available to help and what strategies you can use to avoid needing this kind of cash in the future.
“With the Money for Contractors Emergency Relief Summit, I wanted to create an event to help that is unlike any other. There is money available for contractors. You just need to know where to find it. There are strategies to keep your company from sliding back into debt once you use the money to get out. Plus, there are methods to find cash in your business today that may allow you to avoid needing money from outside lenders.
“It’s all a matter of two things – having the knowledge and putting in the effort. Contractors are the hardest working people I know, so effort is rarely the problem. However, sometimes we all need to be reminded to work a little smarter, swallow our pride, raise our hands and ask for help, especially when facing serious financial woes.”
TSC: What advice would you give contractors that have accumulated debt?
Nicholson: “You need to understand that debt is like a debilitating disease. It becomes more painful every day. It stymies your growth, creates stress, and, over time, it can cripple you or even become fatal to your business.
“To survive, especially in today’s economy, you need to shed that debt. At this event, you’ll discover how to shed that debt and keep it off your back forever. If you feel that there is no way to escape the stranglehold debt has on you, then you will profit from attending this Emergency Relief Summit.”
TSC: How is Money for Contractors going to help contractors get the cash they need?
Nicholson: “There are funds available today, but the financial world is a complex beast. Unless you’re a financial expert, it gets mighty confusing. That’s why I’m pulling together a team of financial experts from across the country to provide you with invaluable information about what sources of funds are available, what you need to do to get those funds, and how you can put your business in the best possible position to be approved once you apply. I want contractors that attend this event to have the inside track on locking down the cash they need.
“The whole point of this meeting is to put the power in your hands. I want to make sure that you’re in charge of your success and can avoid having the economy force you into bankruptcy. This is all about not letting the economy push you around, so in addition to the financial experts, I’ll be sharing strategies to not only recession-proof your business but to show you how to take back control of your future.”
TSC: I’m sure that some contractors are skeptical because of their situation. Is this event going to be the real deal?
Nicholson: “Have you ever sat face to face with a contractor going into bankruptcy? If you’ve ever seen someone’s years of hard work and all of their net worth at risk of being wiped out in an instant, then you know this event better be real!
“I’ve sat face to face with contractors on the brink of bankruptcy, on the verge of losing everything that’s taken them a lifetime to build, and helped them claw their way back.
“In fact, I’m reminded of one contractor who called me the day before he was going to file for bankruptcy. To protect his identity, I’ll refer to him as Ted. Ted was in debt to the tune of over three quarters of a million dollars. In fact, both his accountant and his lawyer, advisors that he trusted, told him that bankruptcy was his only choice. In his case, his accountant and attorney didn’t have the knowledge of what it takes to run and turn around a contracting company. And his case isn’t unusual. I find many times that a contractor isn’t aware of their options and they wind up following advice from individuals who don’t have the knowledge to turn a failing business around.
“In Ted’s case, if he followed their advice, he would have lost everything – his business, his house, his building, and much more. He called me, and we had an emergency meeting where we worked through the weekend to develop a plan for him that didn’t include bankruptcy. Using that plan, he went to work. It wasn’t an easy plan, but in 14 months he was debt free and today he’s eternally grateful for that emergency weekend planning session. What a shame it would have been if he hadn’t called me, and, instead, lost everything he’d worked for by following some bad advice.
“I helped save his business and many others like his that were on the brink. That’s why this event is going to be the real deal.”
TSC: Are these the types of contractors you’ve helped in Success Group International?
Nicholson: “That’s exactly the impact we’re having in Success Group International®. The business owners in our membership groups were given advance notice on these funding options so many of them have already gotten their information in and are waiting for the funds to hit their accounts. That’s one of the benefits of membership. You have access to the most cutting-edge information that many contractors never know or hear about. Occasionally, we’ll create something that makes sense to share with the greater contracting community, and this is one of those topics. At the Emergency Relief Summit, I’ll be sharing some of the other competitive advantages that contractors can receive by being part of SGI, but there’s certainly no obligation for anyone to join. More than anything, we just want to help contractors weather this storm, and this is timely information that hits right at the heart of the biggest problems I’ve been hearing about from contractors.”
TSC: If a contractor has bad credit, will that keep them from qualifying?
Nicholson: “First, I would reiterate that the financial world is complex and it’s really a realm for the experts. Most importantly, if you need help and you need cash, don’t write yourself off. Don’t tell yourself no! Come and gain this information and apply for the funds. Don’t tell yourself no before you even get started.
“Plus, the reality is that you might not even need outside funding. I’ve seen this scenario time and time again where a contractor is on the brink of financial ruin, but with a few tweaks, they are able to find the cash they need right under their noses. In one case, a couple joined our group with over $400,000 in debt. They couldn’t even afford the hotel room for our meeting. They thought a loan would be their only way to survive. But we showed them some simple ways to mine unseen cash from their existing business and generate revenue beyond their wildest imagination. I’m proud to say that today they operate two locations, generate well over $2 million in revenue, and they did it all without needing outside loans at all. This husband-and-wife team come up and hug me every time they see me.
“At this event, I’m going to share 12 Cash Mining Methods that will open your eyes to the additional cash hiding in your business right now. When you discover these strategies, you may be able to tear up that loan application on the spot and get out of debt all on your own.”
TSC: How do contractors get into debt in the first place?
Nicholson: “Remember, for most contractors, they didn’t get into this current situation overnight. It was a combination of little problems compounded over time that are exacerbated during economic storms. In most cases, it’s like a small leak on a vessel. When the seas are relatively smooth, small leaks are not as noticeable. It’s when the seas become violently turbulent that these small leaks become urgent and life threatening, and can leave you shipwrecked at sea.
“That’s why at the Money for Contractors Emergency Relief Summit, I’ll also be sharing 10 Financial Fatal Flaws and how you can avoid them. Your automobile has lights on the dash that pop on to warn you about trouble that is brewing or action that can be taken now to head off major problems down the road. These fatal warning signs are like warning lights for your business. Once you know what to look for, you can keep your business from being in this situation again.”
TSC: In this economic storm, some contractors may feel they can’t afford to attend this weekend financial relief summit. What makes this the right time for them to attend?
Nicholson: “How can they afford not to? Times are tough and there’s nothing on the horizon that says they’ll be getting easier any time soon. If you want to be around to see the recovery and ride the economic wave to the top again, you need to survive the here and now.
“Every day that you struggle and grow deeper and deeper into debt, you are being buried by a mountain of debt that may make it virtually impossible to climb out without years of toil.
“Now is the time to put your foot down and stop this negative cash flow. Remember, what you are doing has gotten you into this situation, and you are probably stuck here unless you get immediate help. Gain the knowledge and money you need now to provide some financial relief.”
TSC: Are you hosting this Summit more than once?
Nicholson: “Because of the urgent nature of this information in today’s economy and the team of experts that are coming together for this event, the weekend of June 13 is a once-ina-lifetime opportunity to discover these never before shared secrets.
“The financial team I’m pulling together is in high demand and their schedules only aligned on this one weekend. I don’t foresee this event ever being held again.
“But let’s put it in the proper perspective. Every person that has achieved any level of success has made sacrifices and suffered inconveniences to do what they needed to do to succeed, and their success has hinged on one tipping point that turned their life around. When you look back, the effort you made to attend the Money For Contractors Emergency Relief Summit could be the tipping point for your success.
“Part of success is having the will to do what the average person is unwilling to do, and if you are serious about your future, I’m certain you’ll find a way to be there.
“To make it as easy as possible for contractors to attend, we’re hosting it on a weekend, and we’re hosting it in St. Louis. Since contractors will be coming in from all across the country for this, we wanted it centrally located in the United States.
“You may not think of St. Louis as a hot spot, but it’s one of the best kept secrets in the Midwest. Plus, we won’t be all business at the Summit. We’re going to have a cocktail reception on Friday night where you can meet some of the team in advance and mingle with your peers from across the nation. The hotel where we’ll host this Summit is in the heart of beautiful downtown St. Louis with attractions like Busch Stadium, the City Museum, the Anheuser Busch Brewery, and more only a stone’s throw away. In addition, we’ve set up a special room rate for you on this weekend.”
TSC: How do contractors get registered for this event?
Nicholson: “Registration for this event is very simple. Just go to www.moneyforcontractors.org and you’ll be able to register right online. While you’re there, you can read more about some of the business owners who have already benefited from this information. Or, if you want to register by phone, you can call the registration hotline at 1-800-941-1676.
“The standard registration fee for this Summit is $199, and here’s why. We’re flying in financial and business experts from across the country to provide contractors with this valuable information. This information is far and away worth the investment. That registration fee also gets you access to the cocktail reception, continental breakfast, lunch and the Summit materials we’ll be passing out.
“You will learn more in this weekend Summit than most contractors learn in their entire career about finding cash for your business. In fact, it’s so powerful, it’s guaranteed.
“If you don’t qualify for the cash you need or you don’t discover how to find that cash in your business today, your registration fee will be refunded to you. We’re not holding this event to make money. We’re holding it to help you get the information you need to make more money. We’re keeping this meeting small so you have the opportunity to ask the questions you need answered, but that means seating is very limited and is available on a firstcome, first-served basis. I urge you to go to www.moneyforcontractors.org for complete details or call the registration hotline (1-800-941-1676) and get registered today.”
TSC: Are there group discounts for management teams or anyone else?
Nicholson: “Because of the high-caliber information in this Summit, the fee originally was going to be $199 per person, but the strategies are going to be so powerful that I’ve decided that I don’t want any key member of your management team excluded over the registration fee. After all, if you’re going to be making decisions about which funding option you’re going to choose or how you’re going to turn your company around, your entire management team needs to be present to hear the options.
“For that reason, I urge you to bring anyone responsible for helping you drive the profits of your company. Whether that’s your management team, your co-owner or business partner, your spouse, or any family members with a stake in the business. Make sure everyone is at this Emergency Relief Summit so you can be confident everyone is on board and you can go to work on supercharging your success.
“Plus, for contractors that are excited about this opportunity to discover the cash options available for them today and register by May 22, I’m offering an Early Bird Registration Fee of only $149 for the entire management team. So, I urge you to get registered before May 22 and lock in your savings.
“Learn more and register online at www.moneyforcontractors.org or if you are ready to register right now, call the registration hotline at 1-800-941-1676. I want everyone that can benefit from this event to be there, so bring your entire management team for one nominal investment.”
Contractors Looking To Sell Their Business Get Help, Too!
After the interview wrapped up, Terry Nicholson called The Successful Contractor back, saying the Money for Contractors Emergency Relief Summit on June 13 will also feature some unique information for contractors looking to sell their businesses. Here are his comments:
Nicholson: “If a contractor is weary and tired of fighting the daily challenges of business and just wants to get out, there are strategies they need to follow to make sure that they get the maximum return when they sell their business. At the event, we’ll have experts on hand to help them, too. “There will be a business valuation expert on hand to provide a vital lesson on how to value your business in today’s economy. He’ll explain what potential buyers might be looking for in your business and what small changes you can make today to ensure you earn that big payoff for your years of effort.
“How to get out of your business or sell it for the amount that you deserve is a problem that a lot of contractors are facing right now. They want to get out but can’t seem to get the right amount for their business. And this is vital to your retirement lifestyle. Even if you’re in financial trouble today, or you run a good business but aren’t looking to sell, you may want to attend this event just to hear what these valuation experts are going to say. After all, selling your business is something you normally only get to do once in your life and it’s something that few contractors have any knowledge about. This is a great opportunity to get some important training and information on what your company is really worth before the day comes when you need to worry about putting that price tag on it.”
Links
- www.moneyforcontractors.orgLearn more and register online
