Adam Bednar - How To Think About Debt For Your Business

Awakened Life Podcast - Interview with Adam Bednar "HOW TO THINK ABOUT DEBT FOR YOUR BUSINESS” Awakened Life Podcast Season 4 Ep.4 --- Today's episode of the Awakened Life Podcast features Adam Bedar of OY6 Capital. Adam talks about his journey from leading 225 combat missions in Iraq to earning a master's in business. Now as a co-founder of OY6 Capital, he helps provide debt financing and growth capital to middle-market companies for equipment, projects, and acquisitions. Episode Highlights: Why business owners should start thinking further ahead of their business (building your personal  credit) 5C’S to lending (character, capacity, capital, collateral, conditions) Why you should get into lending What OY6 and Adam offer to business owners Referral networks in the financing industry How to answer “What is the money for?”  Having relationships in and outside of your business Giving back to the community (doing charities) Helping out veterans (coaching, lending, offering jobs) How to think about debt for your business Many business owners deal with what's in front of their business before creating plans b c d's. But when you're not just thinking as an entrepreneur and started thinking as a leader in your business, a provider for the community, parent, and friend, you won't be just thinking ahead of your business but further ahead of your life. One of the things that you should have in planning is focusing on your finances. One way to deal with it is through lending. When people hear the words debt or loan, people tend to be too cautious. Adam has a different approach to it. Going to your local banks and applying for loans could benefit you or your business. Applying for loans and paying for them within the contract helps you build a relationship and a good impression with the lender so that you can handle your finances well; that way, making connections that will benefit you and your business will be much easier.You can also create this relationship with banks or lenders and continue having a working line of credit by asking for loans and purchase-order financing, receivables, and other ways as long as you can provide collateral to the lender. You are making them trust you and support your business. To learn more about Adam, click on the links below: Email:[email protected] Website: https://oy6capital.com/ LinkedIn: https://www.linkedin.com/in/adambednar/  --- To find greater balance in your work and life, download the Total Freedom (life wheel) Exercise here: wheel.awakenedlife.com To join the Awakened Life Community at our next live retreat in Scottsdale, please apply here: https://www.awakenedlife.live/