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Ryan Kimler에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Ryan Kimler 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.
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[Classic Rewind] Ralph Tommaso: Managing Debt

29:01
 
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Manage episode 451100702 series 3430754
Ryan Kimler에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Ryan Kimler 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.

About Ralph Tommaso: Ralph Tommaso is an expert in business debt management and currently serves as the Vice President of Marketing at First Choice Debt Solutions. With a career dedicated to helping business owners reduce and restructure merchant cash advances, vendor, and credit card debt, Ralph's expertise spans cash flow forecasting, debt negotiation, loan modifications, and credit repair. Based in Somerville, New Jersey, he leads businesses toward financial stability through strategic debt management solutions.

In this episode, Ryan and Ralph Tommaso discuss:

  • Financial challenges for small businesses
  • Strategies for managing business debt
  • Importance of creditworthiness and financing options
  • Technological advancements in business operations

Key Takeaways:

  • Small businesses often face financial challenges due to high-interest merchant cash advances, which can create a cycle of debt that requires careful management and negotiation with lenders to ensure sustainable repayment terms.
  • Knowing your numbers is crucial; business owners must understand their profit margins and overall financial health to avoid selling more receivables than they can afford and to communicate effectively with creditors​​.
  • Improving creditworthiness is essential for qualifying for traditional financing; this involves addressing underlying issues that prevent access to better financial products like business lines of credit or SBA loans​​.
  • Leveraging technology and AI models can provide new opportunities for business growth and efficiency, helping businesses navigate the constantly evolving market landscape​.

"Failure is usually just a good way of learning some lessons of not to do again." — Ralph Tommaso

Connect with Ralph Tommaso:

Website: https://firstchoicedebtsolutions.org/

Email: ralph@firstchoicedebtsolutions.org

LinkedIn: https://www.linkedin.com/in/ralphtommaso/

Schedule your free 1:1 Profit Breakthrough Session with Ryan here: https://go.oncehub.com/profit

Connect with Ryan Kimler:

Net Profit CFO Home Page: www.netprofitcfo.com

Email: ryan@netprofitcfo.com

Facebook: www.facebook.com/rkimler

LinkedIn: www.linkedin.com/in/ryankfinancialclarityllc/

LinkedIn NPC Company: https://www.linkedin.com/company/netprofitcfo/

LinkedIn FC Company: https://www.linkedin.com/company/financial-clarity-llc/

Show notes by Podcastologist Andy Santiago

Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it.

  continue reading

85 에피소드

Artwork
icon공유
 
Manage episode 451100702 series 3430754
Ryan Kimler에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Ryan Kimler 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.

About Ralph Tommaso: Ralph Tommaso is an expert in business debt management and currently serves as the Vice President of Marketing at First Choice Debt Solutions. With a career dedicated to helping business owners reduce and restructure merchant cash advances, vendor, and credit card debt, Ralph's expertise spans cash flow forecasting, debt negotiation, loan modifications, and credit repair. Based in Somerville, New Jersey, he leads businesses toward financial stability through strategic debt management solutions.

In this episode, Ryan and Ralph Tommaso discuss:

  • Financial challenges for small businesses
  • Strategies for managing business debt
  • Importance of creditworthiness and financing options
  • Technological advancements in business operations

Key Takeaways:

  • Small businesses often face financial challenges due to high-interest merchant cash advances, which can create a cycle of debt that requires careful management and negotiation with lenders to ensure sustainable repayment terms.
  • Knowing your numbers is crucial; business owners must understand their profit margins and overall financial health to avoid selling more receivables than they can afford and to communicate effectively with creditors​​.
  • Improving creditworthiness is essential for qualifying for traditional financing; this involves addressing underlying issues that prevent access to better financial products like business lines of credit or SBA loans​​.
  • Leveraging technology and AI models can provide new opportunities for business growth and efficiency, helping businesses navigate the constantly evolving market landscape​.

"Failure is usually just a good way of learning some lessons of not to do again." — Ralph Tommaso

Connect with Ralph Tommaso:

Website: https://firstchoicedebtsolutions.org/

Email: ralph@firstchoicedebtsolutions.org

LinkedIn: https://www.linkedin.com/in/ralphtommaso/

Schedule your free 1:1 Profit Breakthrough Session with Ryan here: https://go.oncehub.com/profit

Connect with Ryan Kimler:

Net Profit CFO Home Page: www.netprofitcfo.com

Email: ryan@netprofitcfo.com

Facebook: www.facebook.com/rkimler

LinkedIn: www.linkedin.com/in/ryankfinancialclarityllc/

LinkedIn NPC Company: https://www.linkedin.com/company/netprofitcfo/

LinkedIn FC Company: https://www.linkedin.com/company/financial-clarity-llc/

Show notes by Podcastologist Andy Santiago

Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it.

  continue reading

85 에피소드

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