How To Build Your Business with Strong Credit Foundations

from Living The Red Life

by Rudy Mawer

Published: Thu Jul 27 2023

Show Notes

How should you use your credit card to fund your business growth? Rudy is flying solo in the hot seat today, offering us all the smart business advice we need to leverage our credit to get where we want to go with our business.

As a Brit in America, Rudy's entrepreneurial game has always been strong. But he reckons he lost six to nine months of time scaling his business as fast as his ambitions because he was hampered by financial things beyond his control.

The life lesson he's sharing with us all today is that you must establish credit as you grow your business to be super prepared for the day when that big deal comes through.

Our Man in Red shares his backstory on how his Facebook marketing business was pushing so much money through his online bank accounts that the banks froze his account!

And now that he's set up with credit for those cashflow rainy days, it's all good. And he doesn't want the rest of us seeking the Red Life to make that same mistake.

So let's swipe that credit card smartly before stepping into Wonderland!

"Most big companies are built off debt." ~ Rudy Mawer

In This Episode:

How most big companies are built off of debt
Rudy shares on scaling so fast that he caused the banks to freeze!
The best investments come at the wrong time - so prepare for that
How establishing a line of credit line will get you a better interest rate
Why doing the 'boring stuff' matters

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