Where do you go for financing when your business needs to upgrade equipment or buy new tools? Traditional companies often use lines of credit, business credit cards, and sometimes cash to purchase equipment. But there's a financing option that allows you to buy what you need without exhausting your resources. Today, Russ and Joey discuss a lesson in finance for entrepreneurs. This conversation involves scenarios of using IBC to buy equipment. As Nelson said on page 63 of his book, Becoming Your Own Banker, “This is an exercise in imagination, reason, logic, and prophecy.” Let's say you have upcoming equipment or vehicle purchases for your business. In that case, today's discussion will give you insight into how you can start getting insurance policies for your partners or key people and becoming the financing agent for the big-ticket purchases for your business. So listen up!
