How to Use Your Retirement Funds to Buy a Business #podcast

Matt TrivelisThis morning on Franchising & You, Matt Trivelis, Senior Consultant at Benetrends Financial dispelled some of the myths about funding a business. Taking listeners through the process of using retirement funds to enter the world of entrepreneurship, Matt shared how to do so without reducing the amount of money to invest due to early-payment penalties and tax liability. Focusing on Benetrends Rainmaker program, Matt covered the following:

  1. History of the Rainmaker program and start of the ROBs industry
  2. 4 Step Process for Rainmaker
  3. Combination of the Rainmaker program with SBA
  4. SBA background (terms, interest rates)
  5. Piece of Mind for those still employed and exploring an opportunity
  6. Costs to get it all done and what’s included

Listen to today’s segment HERE.

Access Benetrends blog HERE.

Franchising & You airs every Saturday at 9:30 AM EDT / 8:30 AM CDT with each segment available on-demand and is sponsored by BenetrendsSpadea Lignana and Retail Solutions

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Acceler8Success Cafe is your daily resource about Entrepreneurship & Business Ownership.

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As commonplace as it has become in purchasing a business or franchise, funding continues to be a challenging experience. As such, it’s important to understand there are options and some often overlooked as being incorrectly perceived as unavailable. The most common is to use retirement funds without concern of taxes and penalties. The key is working with a professional to help navigate the process.

This week on Franchising & You our guest is Matt Trivelis, Senior Consultant at Benetrends Financial. Matt takes listeners through the process of using retirement funds to enter the world of entrepreneurship – without reducing the amount of money to invest due to early-payment penalties and tax liability. He also explains how to use retirement funds as the cash injection necessary for SBA loans and how to use the funds to receive a salary during startup. Listen LIVE or On-demand here!

Seeking up to 16 founders of startup & emerging franchise brands interested in exploring new possibilities. You’ll be participating in bi-weekly one-hour online meetings as a group. Discussions will focus on accelerating success through innovation, culture and excellence (ICE). There is absolutely no cost to participate. There will be 2 groups of 8 – one group for food-related brands and a second group for non-food brands. Goal is to start by May 1st. All that is requested is that if you sign up, please be committed to attend and participate.

To learn more, please contact Franchise Foundry CEO, Paul Segreto via email at paul@franchisefoundry.com. Thank you!

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Acceler8Success Cafe is Your Daily Resource About Entrepreneurship & Business Ownership!

This Edition is Focused on Lifestyle Entrepreneurship!

Considering entrepreneurship just as a career choice would be to think about it in a very narrow and traditional way. It is about time that we realize and understand that entrepreneurship is not just a shift in your career but is a lifestyle which you need to adopt and get adjusted to for an uncertain time period. Hence, any person thinking of turning into an entrepreneur needs to seriously contemplate and weigh all the options before he actually takes the plunge.

To begin with, once you decide that you want to go the ‘business’ way, then the first sacrifice or lifestyle adjustment which you may need to make is to forgo your monthly pay checks which used to sincerely credit your bank account balance. This is the first and the most difficult choice which you will have to make. Read the full story here.

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THIS WEEK ON FRANCHISING & YOU PODCAST: How to Use Your Retirement Funds to Buy a Business

As commonplace as it has become in purchasing a business or franchise, funding continues to be a challenging experience. As such, it’s important to understand there are options and some often overlooked as being incorrectly perceived as unavailable. The most common is to use retirement funds without concern of taxes and penalties. The key is working with a professional to help navigate the process.

This week on Franchising & You our guest is Matt Trivelis, Senior Consultant at Benetrends Financial. Matt takes listeners through the process of using retirement funds to enter the world of entrepreneurship – without reducing the amount of money to invest due to early-payment penalties and tax liability. He also explains how to use retirement funds as the cash injection necessary for SBA loans and how to use the funds to receive a salary during startup. Listen LIVE or On-demand here!

7 Signs You’re A Lifestyle Entrepreneur

With the advent of the Digital Age, a new breed of entrepreneur has evolved. This new breed of entrepreneur is unlike almost all of the entrepreneurs before them, in both their values and in their day-to-day activities. This entrepreneur creates businesses for the sake of working on those businesses, not in them. These entrepreneurs create businesses that operate almost exclusively on the internet and are run almost entirely on autopilot.

These entrepreneurs strive to create a specific lifestyle, and they build businesses that reward them with that lifestyle, while simultaneously offering valuable products and services to customers all over the world. Read the full story here.

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