In episode 59 of The Kitchen Table, Ken Baden interviews Thomas Bennett, from Shield Advisory Group, as he shares his entrepreneurial journey, from door-to-door solar sales to now helping businesses with funding and tax credits. They also dive into the importance of funding for businesses, especially during uncertain times, and discuss the various options available for entrepreneurs. 

Tune in as they explore the current landscape of business funding, the impact of the upcoming election season, and practical advice for entrepreneurs to ride out the unknown.

TIMESTAMPS

[00:01:50] Entrepreneur Journey and Business Growth.

[00:05:04] Employee Retention Credit (ERC).

[00:09:18] Self-Employment Tax Credit.

[00:13:00] Innovation Tax Credit.

[00:15:52] Business Funding Insights.

[00:20:02] Importance of Having a Line of Credit.

[00:25:14] Financing Options for Scaling Businesses.

[00:28:28] Diversifying Financial Options.

[00:29:55] How to Identify Legit Businesses.

[00:33:57] Small Business, Big Moves Podcast.

In this episode, Ken Baden and Thomas Bennett highlight the importance of businesses considering a line of credit as a financial safety net. It provides flexibility, financial security, and readiness to address unforeseen circumstances or capitalize on growth opportunities. By having a line of credit in place, businesses can better position themselves to navigate the dynamic and unpredictable business landscape.

Moreover, Thomas specializing in offering funding options for businesses, emphasizes the importance of providing capital quickly and transparently, especially during uncertain times. His approach is to help businesses secure the funding they need promptly, whether it's for working capital, lines of credit, or other financial needs. He highlights the significance of having access to capital, particularly in times of volatility and economic uncertainty.

QUOTES

• "Even when we're working on the tax credits, we typically help them out with even if it's a line of credit or something. In the meantime, tax credit comes in and then they can just use that to pay off whatever sort of funding they use from us." - Thomas Bennett
• "That's what's spot on about the lines of credit, right? I mean, I always say every business should have a line of credit because you're paying on what you draw on, right? So if we got you, whether it's $50,000, $100,000, $200,000, whatever number that might be, If we get you a line of credit, you have the access to that." - Thomas Bennett
• "If you're going to move forward and take an offer, make sure it's something that, one, that you can pay back and two, something that's not going to shut your business down or put you under I think of the most important things." - Ken Baden

SOCIAL MEDIA LINKS

Ken Baden

Instagram: https://www.instagram.com/officialkenbaden/

Facebook: https://www.facebook.com/TheKenBaden

Thomas Bennett

Instagram: https://www.instagram.com/thomas.mbennett/

Facebook: https://www.facebook.com/profile.php?id=100051244177576

LinkedIn: https://www.linkedin.com/in/thomas-mbennett/

WEBSITES:

The Kitchen Table Podcast: https://thekitchentablepodcast.net/

Blue Collar Ballers Union: https://bluecollarballersunion.com/

Small Business, Big Moves: https://podcasts.apple.com/au/podcast/small-business-big-moves/id1718453918