It can be difficult to bring in the capital required to start or scale a business. Many may opt to invest their personal finances into their new business, but this is extremely risky. If an individual has limited personal savings, those personal savings are much better off being invested into long term investments like the stock market, cryptocurrency, or real estate to build long-lasting wealth. Fortunately, according to Jack McColl, there is another solution to obtain capital to start a business.
How did you get your start in creating businesses?
After graduating from the University of Washington, I created four 6-figure businesses by the age of 26, one of them leading to a 6-figure acquisition deal. After my travel company, Sendit Cabo was acquired, I spent several months traveling the world before beginning financial consulting full-time. During that time, I leveraged business credit to scale two new 6-figure businesses in 2020 alone. I have been approved for over $250k in credit lines, much at 0% interest in the last 12 months, while maintaining an 805+ credit score across all three credit bureaus.
Can others do the same?
This information is only accessible through trial and error or learning directly from someone who has done it. Fortunately for my clients, I have already made the mistakes and have mastered the process. Now, I coach people on these same strategies to leverage business credit and build strong relationships with key lenders to receive maximum funding at 0% interest to start or scale a business. I teach clients how to avoid costly mistakes that can result from applying for business credit cards before people have the proper requirements on the personal side first. If you know the lender rules and have personal contacts at top financial institutions, getting approved for high limits is a very straightforward process.
What does your program include?
My program includes access to 50+ training videos filled with my secrets methods and a coaching program that involves 2 months of bi-weekly intensive coaching sessions. These sessions fast-track the students to see amazing success and be approved for top cards with massive limits in a very short period. To make success even easier for my clients, I even personally introduce them to my high-level relationship managers at top financial institutions. This can dramatically increase approval odds on cards with high limits and give my clients a major head start in funding for starting or scaling a business.
What is your biggest piece of advice to grow a business and maximize profits?
I advise using 0% interest business credit to start and scale your business. Using your personal savings to start a business means the loss of opportunity to invest elsewhere. The more you can borrow, the more you can make. Why would you limit the growth of your business to personal savings when you can borrow the bank’s money for free to scale much faster and maximize profit?
A former professional athlete, travel expert, and financial coach, Jack is a 27-year-old serial entrepreneur providing the strategic tools that enabled him to obtain credit to start and scale his businesses all while traveling the world with little expense. Today, Jack teaches students these same travel hacks, and the strategies to get approved for the top credit cards on the market with the highest limits, in as little time possible, without costly mistakes.
Jack has an online course he is giving FREE access to if you direct message him “Close Friends” on Instagram. A super resourceful 10-video mini-course that will accelerate you closer to your credit, funding, and travel goals! You can find him at https://www.instagram.com/jackmccoll/
Learn more through his landing page below!
Book a call here: https://calendly.com/foundationalfinances/talk
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