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Securing Business Funding Like a Pro: George Otel on Lines of Credit and Building Wealth | The Better Than Rich Show Ep. 210
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In this episode, Andrew Biggs interviews George Otel about business funding strategies. George shares why it’s crucial to secure financing when your business is doing well, how to treat a line of credit like an insurance policy, and why building business credit early pays off in the long run.
🔑 Key Takeaways:
- Why banks lend money when you don’t need it
- How to make a line of credit work as a financial safety net
- Tips for building business credit that scales
- Managing cash flow without getting into debt traps
Chapters:
- 00:00:00 - Kickoff: Why Getting Funded Before You’re Desperate is a Power Move
- 00:01:09 - Welcome Aboard: Tuning into the Better Rich Show
- 00:01:51 - The Lifeline of Business Growth: Why Financing Matters
- 00:03:32 - Demystifying the Money Maze: Your Business Funding Options
- 00:07:19 - Leveraging Business Credit and Lines Like a Pro
- 00:10:00 - Smart Moves: How to Boost Your Odds of Getting Approved
- 00:12:35 - Building Wealth: The Strategic Advantage of Business Assets
- 00:13:54 - SBA Loans Made Simple: Navigating the Government Game
- 00:17:04 - Hard Truths and Pro Tips: George’s Final Word
- 00:19:14 - Real Talk: Audience Questions and George’s Goldmine of Advice
- 00:23:22 - Wrap-Up: How to Connect and Partner with George
📚 Resources Mentioned:
- The Psychology of Money – Morgan Housel
- How to Win Friends and Influence People – Dale Carnegie
- Think and Grow Rich – Napoleon Hill
📬 More from George:
- US Business Funding: usbusinessfunding.net
- LinkedIn: https://www.linkedin.com/in/georgeotel/
Connect with The Better Than Rich:
- Get Your Free Delegation Plan
- BTR Mini-Course
- Website
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