))
Ralph Tommaso: Managing Debt
Fetch error
Hmmm there seems to be a problem fetching this series right now.
Last successful fetch was on October 10, 2024 02:18 (
What now? This series will be checked again in the next day. If you believe it should be working, please verify the publisher's feed link below is valid and includes actual episode links. You can contact support to request the feed be immediately fetched.
Manage episode 429316908 series 3430754
Konten disediakan oleh Ryan Kimler. Semua konten podcast termasuk episode, grafik, dan deskripsi podcast diunggah dan disediakan langsung oleh Ryan Kimler atau mitra platform podcast mereka. Jika Anda yakin seseorang menggunakan karya berhak cipta Anda tanpa izin, Anda dapat mengikuti proses yang diuraikan di sini https://id.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.
78 episode
Bagikan
