438: Credit Mastery and Creative Financing With Will Roundtree

In today's episode, Elzie Flenard engages in a captivating conversation with business expert Will Roundtree. Together, they dive deep into the realm of business credit, funding strategies, and the art of managing finances. Throughout the conversation, the importance of structured business approaches is underscored. Will advocates for businesses to operate with a focus on customer experience, result-oriented processes, and scalability. The episode encapsulates the essence of wealth-building through creative financing. Will's journey from personal credit struggles to mastering creative financing and building a financial education empire is both inspiring and educational. This episode provides valuable insights into the world of business credit, funding strategies, and the mindset required for financial success. Tune in, learn, and transform your approach to business and finance. Highlights: 02:31 - The banks know that nine out of ten businesses will fail year one through three, and the likelihood of a business being open past year one through three is about 10%. And so the odds are stacked against most people. So, when people go to the bank and the first thing they say is, "Oh, let me go get a small business loan," it's almost like looking for Bigfoot; it's almost nonexistent. But then, a lot of times, people will say, "Well, let me try to go for an SBA loan." Less than 1% of businesses ever get approved for SBA loans, especially in the black community, because a lot of those businesses don't have their paperwork in order. 11:35 - I started studying economics because I often say that one of the reasons why a lot of small businesses, especially in our communities, don't make it is that we don't learn the economics of things. We hear about financial literacy, but I think that economics is the second part of that. And so in my four-step Roundtree methodology, I call it that there's four things that you need to focus on, or four steps. Number one is mindset. Number two is understanding the power of credit. Number three is knowing the cost of money. That's the economic part, which eventually will help you build assets and wealth. 29:14 - A lot of times I meet so many people who go and get capital or want to go into business, and they're so busy looking at everybody else's lens that they are trying to hurry up and get there, not knowing that the person who you're looking at probably has been in the game or running this race for 20 years, like myself. So, stop trying to compare yourself to somebody who's on chapter 20 and you're still in the introductory stage of your book or in your journey. Go Beyond the Podcast The Daily Crown is more than a podcast. We're helping Believers in Business grow God's way through faith, focus, and fellowship. Whether you're looking for encouragement, practical wisdom, or meaningful connections, there are several ways to continue the journey. Read Flame Starter Your purpose matters. What you do with it matters even more. In Flame Starter: The Art of Self-Mastery, host Elzie Flenard III shares practical principles to help you develop your gifts, overcome obstacles, and turn your potential into purposeful action. Get Your Copy of Flame Starter Enjoy the podcast? Help us keep the flame burning. For just $4.99/month, you can become a Daily Crown Supporter and help us continue producing independent, faith-centered content for Believers in Business. As a supporter, you'll also receive access to the Daily Crown Podcast Companion, featuring daily devotionals, Scripture reflections, prayer, and a personal journal to support your journey. Become a Supporter Prefer to give once? Leave a One-Time Tip. Wear the Crown. Carry the Flame. Represent the message wherever you go! Explore The Daily Crown merchandise collection and find gear that reflects your faith, purpose, and commitment to building God's way. Partner With The Daily Crown Let's make an impact together. We partner with organizations and brands that believe in meaningful stories, purposeful conversations, and the power of faith-driven entrepreneurship. Whether you're looking to reach our audience, share your message, or support independent media, we'd love to explore opportunities to collaborate. Our Partners Powered by Horicon Bank, The Natural Choice. About The Daily Crown The Daily Crown is an independent, faith-centered podcast and media brand for Believers in Business, hosted by Elzie Flenard III and produced by Daily Crown Studios. Through biblical wisdom, meaningful conversations, and practical business insights, we're helping believers strengthen their faith, sharpen their focus, and build businesses that honor God. Discover more at DailyCrown.co. Carry the Flame. Wear the Crown.™ Contact Will Roundtree LinkedIn Facebook Twitter Books: Credit is King, Full Time CEO