6 Important Lessons For Every Entrepreneur

Most people daydream about the idea of running their own business. The freedom to have no boss, set your work hours, and control your own financial destiny. However, running your own business doesn’t come without taking on some bumps and bruises. Here are ten important lessons that every entrepreneur should keep in the back pocket.


6 Tips to Make Effective Presentations

Lisa Elia

Written by Lisa Elia.

If you will be making important investor presentations, sales presentations and/or public speeches, and you want to come across powerfully, effectively and naturally, you must know how to prepare for presentations.

Here are a few of my presentation tips:

  1. Always think about what’s in it for them (WIIFT), no matter who you are addressing.
  2. Avoid oversharing. Think about what people really need to know about you or your company.
  3. Remember the five Cs. When you are making a presentation, whether you are trying to raise money, make a sale or you are in a media interview, the five Cs are important:
  • Credible: People want to be sure you know what you are talking about and that you have the credentials to present the information you are delivering.
  • Confident: People want to see someone who is confident. They will trust you more if you appear confident in everything that you do.
  • Clear: Explain everything as clearly as you can and be…
  • Concise: Be as succinct as you can.
  • Compelling: No one wants to be bored.
  1. Imagine how the most successful, qualified person in your field would present the information you are about to present, and model yourself after the image you create.
  2. Anticipate peoples’ needs and include the answers to their potential objections or questions in your presentation.
  3. Prepare and rehearse answers to tough questions and commonly asked questions, so nothing can throw you off during your presentation.

As a presentation trainer, help clients to polish public speaking skills and more. For more information on our presentation training services, visit https://expertmediatraining.com/presentation-training/.

This article was written by Lisa Elia, a Los Angeles-based media trainer, presentation trainer, and communication and PR expert. Lisa and her team at Expert Media Training train clients for media interviews, speeches, investor presentations and promotional videos. With more than 20 years of experience, Lisa has trained clients for interviews with The Oprah Winfrey Show, The Today Show, Good Morning America, The Wall Street Journal and hundreds of other outlets. For more information, visit https://expertmediatraining.com

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5 Tips For Keeping A Clean Credit Score

DSC_5539_EllisKeeping your credit score squeaky clean isn’t an easy thing to do, but the task becomes downright Herculean if you don’t have a plan to follow. For those who are looking to keep their scores well-polished and worthy of being a financial mantel piece, these 5 tips can be a sincere help.

1. Check Your Score

Everyone is entitled to a single free credit report once per year, and it’s important to monitor that credit report to be sure that it’s correct. Mistakes can happen, but if you don’t correct them then every creditor you have is going to see them. You need to know what your credit score is before you can take steps to clean it up. To get your free credit report click here, or call 1-877-322-8228.

2. Communicate With Your Creditors
When negative events happen in your life they can impact your credit. Losing a job, or getting a bad paycheck can mean no longer being able to make payments on time, or even at all. As soon as you know there are problems in your financial life you need to contact your lender and inform the company about your current issues. Many times a creditor will be willing to make accommodations like changing the date your payment is due, or reducing the amount you need to pay so that you don’t incur late payments. Your creditors want to be paid, and if you ask they’ll work with you to be sure your credit score remains clean while you get through tough times.

3. Be Reliable and On Time

Making a payment that puts you back on track to paying down a debt is a good feeling, but a good credit score is a lot like six pack abs; it’s all about long term dedication. It is better to make small payments regularly and in proper amounts than it is to make huge payments at uncertain intervals. A credit score is partly about how reliable you are, so it’s important to be predictable.

4. Apply For New Credit Sparingly
While it might seem counter-intuitive, your score will take a short-term hit when you obtain new credit. Whether it’s a new credit card, a home loan, or any other form of credit, having a new line of credit will make your score dip. The longer you have that form of credit though, and the more payments you make on it, the higher your score will rise. So it’s good to have established, long-term loans that are regularly being paid off, but getting too many of them can be hard to recover from even if you can make all of the payments.

5. Keep Credit Cards Open (Even if You’re Not Using Them)

While debt should be paid down quickly and efficiently it’s important to remember that your score is decided at least in part by how far back your credit history goes. So the longer you have open lines of credit the better, even if you’re not actually making purchases of substance with your credit cards. The point is how long you’ve had them, and how long they’ve been in good standing. Too much of a good thing can be bad, though. If you have a larger credit limit (open credit cards) than you can afford to have based on your income you may have a hard time qualifying for new debt so be careful.

The bottom line is to have a plan and take your credit score seriously. A little diligence can go a long way.

Article written by Byron W. Ellis, CFP®, CLU®, ChFC®, CRPC®, is a CERTIFIED FINANCIAL PLANNER™ professional and the Managing Director of Ellis & Ellis, a division of United Capital Financial Advisers, LLC, a Financial Life Management Company. Email us at infothewoodlands@unitedcp.com for your free copy of a Road Map to retirement.

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