1 00:00:06,440 --> 00:00:09,200 Speaker 1: Hey, hey, ba fan, it's me Tipiate a bunch of 2 00:00:09,200 --> 00:00:13,600 Speaker 1: anista here with Mandy and another episode it's a how 3 00:00:13,680 --> 00:00:17,280 Speaker 1: to throwback. In this episode, we discussed how to established 4 00:00:17,280 --> 00:00:19,760 Speaker 1: business credit. Here's the thing about credit. Credit will tell 5 00:00:19,760 --> 00:00:22,319 Speaker 1: you this. I need you to know me before you 6 00:00:22,360 --> 00:00:25,159 Speaker 1: need me. Oh you need me now. It's late. So 7 00:00:25,200 --> 00:00:27,000 Speaker 1: if you want to get on top of your business 8 00:00:27,080 --> 00:00:29,920 Speaker 1: credit now, go ahead on and slide into this episode 9 00:00:29,920 --> 00:00:34,479 Speaker 1: and get yourself together. It's time for the b a 10 00:00:34,840 --> 00:00:37,879 Speaker 1: q a A. The b a q A. Okay, the 11 00:00:37,920 --> 00:00:40,040 Speaker 1: b a q A what you say the b a 12 00:00:40,440 --> 00:00:46,519 Speaker 1: q A. Welcome Black Family, Brandavision family. We are here 13 00:00:46,520 --> 00:00:50,080 Speaker 1: for a Brandnavision question and answers. You have questions. We 14 00:00:50,200 --> 00:00:55,200 Speaker 1: have kind of answers. But we're not your mama, your therapist, here, doctor, 15 00:00:56,080 --> 00:00:58,360 Speaker 1: not even what we're your own like cousins. You know, 16 00:00:58,800 --> 00:01:01,120 Speaker 1: we're not your financial advisor. So certainly we want you 17 00:01:01,160 --> 00:01:04,200 Speaker 1: to take what we say with the tiny grain of 18 00:01:04,240 --> 00:01:05,640 Speaker 1: salt because we don't want you to get you know, 19 00:01:05,840 --> 00:01:08,360 Speaker 1: have blood pressure. You know how our community do so. 20 00:01:09,160 --> 00:01:11,160 Speaker 1: But we're here to just you know, your financial besties, 21 00:01:12,319 --> 00:01:12,920 Speaker 1: just leaning in. 22 00:01:12,959 --> 00:01:14,920 Speaker 2: We don't even know y'all name sometimes, so how are 23 00:01:14,920 --> 00:01:17,480 Speaker 2: we supposed to give you super specific advice? Y'all want 24 00:01:17,480 --> 00:01:18,920 Speaker 2: to be anonymous. 25 00:01:20,080 --> 00:01:26,040 Speaker 1: Aka se your grandma not us? So yes, man's brow. 26 00:01:26,080 --> 00:01:28,600 Speaker 1: We have some co questions for today. 27 00:01:28,959 --> 00:01:31,040 Speaker 2: Got some juicy, juicy questions. If y'all want to submit 28 00:01:31,120 --> 00:01:33,520 Speaker 2: questions and have them read on our special BAQ and 29 00:01:33,600 --> 00:01:36,320 Speaker 2: A episodes, go to Brandnambisson podcast dot com and click 30 00:01:36,400 --> 00:01:40,200 Speaker 2: ask us anything. You can also email us at brandambispodcast 31 00:01:40,240 --> 00:01:43,679 Speaker 2: dot com or slide into the DMS on ig. We 32 00:01:43,760 --> 00:01:46,920 Speaker 2: are at Brand Ambition Podcast and you could be answered 33 00:01:46,959 --> 00:01:49,600 Speaker 2: on the show. If you want to be anonymous, fine, 34 00:01:49,640 --> 00:01:50,960 Speaker 2: I don't know how many of y'all are on these 35 00:01:50,960 --> 00:01:52,320 Speaker 2: witness protection programs. 36 00:01:52,480 --> 00:01:55,960 Speaker 1: I know. Just pick a perfect name. Honestly, here's my request, 37 00:01:56,000 --> 00:01:58,960 Speaker 1: because it's fun for us. Come up with some outlandish name. 38 00:01:59,160 --> 00:02:01,160 Speaker 1: You know, I don't care. You could say my name 39 00:02:01,200 --> 00:02:06,280 Speaker 1: is Potato, just something fun like we're like, yeah, exactly, 40 00:02:07,360 --> 00:02:09,720 Speaker 1: silly and Cincinnati something, you know. 41 00:02:11,200 --> 00:02:13,320 Speaker 2: I do like the last show when you switched it 42 00:02:13,360 --> 00:02:15,040 Speaker 2: to Annie. So if you're a nonymous, she going to 43 00:02:15,080 --> 00:02:19,040 Speaker 2: be Annie. Okay, yes, all right, Annie says in all caps, 44 00:02:19,040 --> 00:02:22,320 Speaker 2: please withhold my name? Fine? I do I think this 45 00:02:22,400 --> 00:02:23,880 Speaker 2: is a great question, though, Ooh, I can't wait to 46 00:02:23,880 --> 00:02:26,880 Speaker 2: get into this. Hey Mandy, she says, I'm the communications 47 00:02:26,960 --> 00:02:30,040 Speaker 2: manager at a small nonprofit with about four hundred and 48 00:02:30,040 --> 00:02:33,240 Speaker 2: fifty ish employees. We had a team meeting with my 49 00:02:33,320 --> 00:02:36,919 Speaker 2: director and the media producer regarding commercials. We all disliked 50 00:02:36,919 --> 00:02:38,800 Speaker 2: the ads that we paid for and were created by 51 00:02:38,800 --> 00:02:43,040 Speaker 2: a local TV station. Impulsively, I suggested that we write 52 00:02:43,040 --> 00:02:46,679 Speaker 2: and produce our own commercial. Well, sis, ad copy ain't 53 00:02:46,720 --> 00:02:48,959 Speaker 2: in my job description. In at fifty eight K, I'm 54 00:02:48,960 --> 00:02:53,840 Speaker 2: already a bargain. What was I thinking? Question? I have 55 00:02:53,919 --> 00:02:56,359 Speaker 2: written one commercial and now I'm being asked to write 56 00:02:56,400 --> 00:02:59,000 Speaker 2: another one. How can I gracefully back out of this 57 00:02:59,120 --> 00:03:01,680 Speaker 2: and explain that they need to hire an ad agency? 58 00:03:02,240 --> 00:03:04,920 Speaker 2: Side note, I'm a new hire. In just ninety days 59 00:03:04,960 --> 00:03:11,000 Speaker 2: into a six month probationary period, she. 60 00:03:11,000 --> 00:03:16,760 Speaker 1: Fell into a trap the helpful Yeah please trap, Andy, 61 00:03:16,760 --> 00:03:19,239 Speaker 1: I'm not gonna lie, child, that's the trap. I'll be limited, child, 62 00:03:19,240 --> 00:03:21,840 Speaker 1: I'll be I have super each delivered to my trap. 63 00:03:22,080 --> 00:03:23,120 Speaker 1: I'm not gonna be here for a. 64 00:03:23,200 --> 00:03:28,440 Speaker 2: While, permanent address at the trap. That's the real, real 65 00:03:28,480 --> 00:03:30,600 Speaker 2: trap house for Brad. 66 00:03:30,720 --> 00:03:32,720 Speaker 1: So I'm gonna like it. I'm gonna honestly let maybe 67 00:03:32,760 --> 00:03:34,640 Speaker 1: take the lead, because that is this is not I'm like, 68 00:03:34,680 --> 00:03:37,080 Speaker 1: I'm listening, like, wait, so what will we do? Mandy? 69 00:03:37,160 --> 00:03:39,120 Speaker 1: But I will say this is something. This is what 70 00:03:39,160 --> 00:03:42,320 Speaker 1: I learned from doctor Green, because she like, this is 71 00:03:42,360 --> 00:03:44,960 Speaker 1: something I did something similar and she said, just because 72 00:03:45,720 --> 00:03:47,920 Speaker 1: you agree to something once does not mean you agree 73 00:03:47,920 --> 00:03:49,880 Speaker 1: to it for a lifetime. So she like, so that's 74 00:03:49,920 --> 00:03:52,160 Speaker 1: something like, I'm still honestly working on it because it's hard. 75 00:03:52,360 --> 00:03:54,480 Speaker 1: And she said, so if you say I don't like 76 00:03:54,560 --> 00:03:56,400 Speaker 1: onions when you're four, so Tiffany, you were a band 77 00:03:56,440 --> 00:04:00,000 Speaker 1: from eating onions now that you're forty two, And I'm like, no, Well, 78 00:04:00,080 --> 00:04:02,200 Speaker 1: she's like, well that's how you're navigating. So I'm saying 79 00:04:02,200 --> 00:04:04,040 Speaker 1: all that to say, that's all I know because I'm 80 00:04:04,080 --> 00:04:05,760 Speaker 1: in there with you, girl, tell me what you want 81 00:04:05,760 --> 00:04:07,760 Speaker 1: from uber eats because you and I in there together. 82 00:04:07,760 --> 00:04:09,040 Speaker 1: That's so, Mandy, what should we do? 83 00:04:09,600 --> 00:04:12,800 Speaker 2: Yeah, so this is an opportunity for a boundary. I 84 00:04:12,800 --> 00:04:15,280 Speaker 2: wouldn't beat yourself up too much because in a way, 85 00:04:15,480 --> 00:04:18,479 Speaker 2: you needed to test out, you know, this new idea 86 00:04:18,520 --> 00:04:20,520 Speaker 2: of creating an ad and doing it yourself, test it 87 00:04:20,520 --> 00:04:22,520 Speaker 2: out to see if you guys liked it. Okay, they 88 00:04:22,640 --> 00:04:24,960 Speaker 2: liked it, and you're the I get it. You're ninety 89 00:04:25,040 --> 00:04:27,040 Speaker 2: days into a new opportunity and you want to make 90 00:04:27,040 --> 00:04:30,320 Speaker 2: a good impression. You want to be energetic and enthusiastic 91 00:04:30,360 --> 00:04:33,440 Speaker 2: and have great ideas, but you also want to show 92 00:04:33,480 --> 00:04:35,800 Speaker 2: people how to work with you from an early stage 93 00:04:35,839 --> 00:04:37,640 Speaker 2: when you're new. And I think in the first undy 94 00:04:37,720 --> 00:04:40,280 Speaker 2: days it's an excellent opportunity for this to be your 95 00:04:40,279 --> 00:04:44,520 Speaker 2: first capital B boundary. So I think this is also important. 96 00:04:44,520 --> 00:04:47,520 Speaker 2: Why when you are overseeing any project or any new 97 00:04:47,560 --> 00:04:51,320 Speaker 2: initiative that you set in, you schedule time to debrief, 98 00:04:51,480 --> 00:04:53,560 Speaker 2: and you schedule time to have sort of like a 99 00:04:53,600 --> 00:04:55,960 Speaker 2: look back at how the project went and then what 100 00:04:56,000 --> 00:04:57,719 Speaker 2: are next steps and how are we going to spin 101 00:04:57,800 --> 00:04:59,799 Speaker 2: this forward and what are we going to do? Because 102 00:04:59,839 --> 00:05:02,120 Speaker 2: that that gives you an opportunity to say, so, I 103 00:05:02,160 --> 00:05:05,000 Speaker 2: did it this time long, long term, we need to 104 00:05:05,080 --> 00:05:07,920 Speaker 2: hire this agency in order to really you know, make 105 00:05:07,960 --> 00:05:11,279 Speaker 2: this make this new commitment, or get the budget that 106 00:05:11,279 --> 00:05:14,440 Speaker 2: we need for it. So I think you approaching it 107 00:05:14,480 --> 00:05:16,279 Speaker 2: by going to your manager and saying, you know, actually, 108 00:05:16,400 --> 00:05:19,680 Speaker 2: let's have a conversation about this initiative and I'll give 109 00:05:19,720 --> 00:05:22,760 Speaker 2: you a projection on what I think we need for 110 00:05:22,800 --> 00:05:25,320 Speaker 2: this to be like a long term initiative for us, 111 00:05:25,400 --> 00:05:28,120 Speaker 2: and here's how much it could cost. You could even 112 00:05:28,400 --> 00:05:31,680 Speaker 2: help them out by I don't know, suggesting two to 113 00:05:31,760 --> 00:05:36,080 Speaker 2: three agencies that you've worked on vetting or even backing 114 00:05:36,080 --> 00:05:38,559 Speaker 2: that up and saying as a next step, I will 115 00:05:38,920 --> 00:05:40,599 Speaker 2: you know if this is part of your job description, 116 00:05:40,680 --> 00:05:43,280 Speaker 2: I don't know, look into some ad agencies and come 117 00:05:43,320 --> 00:05:45,560 Speaker 2: to you guys and ask for them to give proposals 118 00:05:45,560 --> 00:05:48,360 Speaker 2: and come to you guys with options so that you're 119 00:05:48,800 --> 00:05:52,120 Speaker 2: not you're not taking away the new initiative. Everyone's excited about. 120 00:05:52,160 --> 00:05:55,360 Speaker 2: You all recognize you need it, but you are getting clear. 121 00:05:55,560 --> 00:05:57,560 Speaker 2: You're getting clear with them that it can't just fall, 122 00:05:57,960 --> 00:06:01,440 Speaker 2: you know, on your shoulders. And depending on how they 123 00:06:01,480 --> 00:06:04,120 Speaker 2: respond to that, then you can decide, is there another 124 00:06:04,160 --> 00:06:06,880 Speaker 2: conversation that needs to be had about what my duties 125 00:06:06,880 --> 00:06:09,960 Speaker 2: and job responsibilities here so I can get clarity. But 126 00:06:10,120 --> 00:06:12,039 Speaker 2: you don't want to let this go, because if you 127 00:06:12,080 --> 00:06:14,400 Speaker 2: let this go, you're sending a message the same way 128 00:06:14,400 --> 00:06:16,320 Speaker 2: my mom told me. Make sure that you don't tell 129 00:06:16,480 --> 00:06:19,440 Speaker 2: your boyfriend Enrique that you don't care about Valentine's Day 130 00:06:19,440 --> 00:06:21,039 Speaker 2: when you're first dating, she's like, no, no, no, no, 131 00:06:21,080 --> 00:06:23,640 Speaker 2: you don't want to set a president. You want him, 132 00:06:23,720 --> 00:06:25,720 Speaker 2: you know what I mean. So those messages early on 133 00:06:25,920 --> 00:06:28,080 Speaker 2: can really set a president for the rest of your 134 00:06:28,240 --> 00:06:31,600 Speaker 2: relationship and the rest of your you know, your job here. 135 00:06:32,080 --> 00:06:34,080 Speaker 1: Yeah, no, that's good. I'm like, okay, does. 136 00:06:33,960 --> 00:06:35,960 Speaker 2: That make you? Does it stress you out? 137 00:06:36,000 --> 00:06:42,359 Speaker 1: Said no, I'm like sap for boundary. Uh no, honestly no. 138 00:06:42,440 --> 00:06:45,360 Speaker 1: All that you said, you know, it's true and it's 139 00:06:45,400 --> 00:06:48,120 Speaker 1: sometimes hard. And so if you're somebody like me who 140 00:06:49,080 --> 00:06:51,520 Speaker 1: has a hard time with the hard conversations, one of 141 00:06:51,520 --> 00:06:54,039 Speaker 1: the things I do practice and that doctor Green taught me, 142 00:06:54,200 --> 00:06:58,640 Speaker 1: is to practice saying the hard things to in easy times, 143 00:06:59,080 --> 00:07:02,960 Speaker 1: meaning like, uh, is there someone at your job that 144 00:07:03,040 --> 00:07:04,960 Speaker 1: you know, like this is actually the nicest person to 145 00:07:05,000 --> 00:07:07,880 Speaker 1: kind of approach with this, to start planning that seed, 146 00:07:08,440 --> 00:07:12,000 Speaker 1: or just even outside of this, like you know, when 147 00:07:12,000 --> 00:07:14,200 Speaker 1: the waiter brings you the wrong thing, practice saying, hey, 148 00:07:14,200 --> 00:07:15,880 Speaker 1: this is not what I order. So like literally I 149 00:07:15,880 --> 00:07:18,680 Speaker 1: had to build up the muscle because wherever you are, 150 00:07:18,720 --> 00:07:21,480 Speaker 1: there you go. And so I'm learning to practice the 151 00:07:21,680 --> 00:07:25,160 Speaker 1: hard conversations with easy people so that way, I have 152 00:07:25,320 --> 00:07:27,920 Speaker 1: enough muscle built that when these hard conversations come up 153 00:07:27,960 --> 00:07:31,120 Speaker 1: to create a boundary. You know, it's it's not that 154 00:07:31,160 --> 00:07:33,679 Speaker 1: it's easy, but I at least had a lot more practice. 155 00:07:33,680 --> 00:07:35,880 Speaker 1: So that's what I honestly been doing. You'll see me 156 00:07:35,880 --> 00:07:38,600 Speaker 1: say that, like even during our last you know, when 157 00:07:38,640 --> 00:07:42,160 Speaker 1: our first kind of like welcome back to like Tiffany 158 00:07:42,640 --> 00:07:46,480 Speaker 1: podcast episode, right that, like I had to reassert the 159 00:07:46,520 --> 00:07:49,200 Speaker 1: boundary because I knew if I did it, you know 160 00:07:49,360 --> 00:07:51,880 Speaker 1: that you know I would, I would. I wouldn't want 161 00:07:51,880 --> 00:07:53,240 Speaker 1: to say I'm like, oh, don't want to disappoint Mandy 162 00:07:53,240 --> 00:07:55,520 Speaker 1: and everybody else, and listening, I'm like, no, no, no, no, Tiffany, 163 00:07:55,840 --> 00:07:59,360 Speaker 1: you have to say the thing now. Because Mandy is nice. 164 00:07:59,800 --> 00:08:02,200 Speaker 1: This this is an easy person to practice the hard 165 00:08:02,200 --> 00:08:05,080 Speaker 1: conversation with, you know, and so like, because there'll be 166 00:08:05,120 --> 00:08:06,800 Speaker 1: other places that don't give a what and I'm going 167 00:08:06,880 --> 00:08:09,320 Speaker 1: to be like, okay, but I've already gotten my practice 168 00:08:09,360 --> 00:08:11,360 Speaker 1: in and so like, it's just that's what I could 169 00:08:11,360 --> 00:08:13,560 Speaker 1: suggest if you're someone like me who really gets anxious 170 00:08:13,560 --> 00:08:17,160 Speaker 1: about having the hard conversations to really practice them with nice, 171 00:08:17,200 --> 00:08:19,440 Speaker 1: easy people. So when it comes down to it, you know, 172 00:08:19,480 --> 00:08:22,800 Speaker 1: you got some he got some practice under your belt. 173 00:08:23,000 --> 00:08:25,200 Speaker 2: Yeah, and I will. I'm going back to your question. 174 00:08:25,480 --> 00:08:29,640 Speaker 2: Remind you that the manager is in your title communications manager, 175 00:08:30,160 --> 00:08:32,280 Speaker 2: and as a leader and someone who's going to be 176 00:08:32,320 --> 00:08:35,960 Speaker 2: overseeing strategy for that particular department, it's on you to 177 00:08:36,240 --> 00:08:39,040 Speaker 2: tell them the solution for the problem. So you've told 178 00:08:39,040 --> 00:08:41,600 Speaker 2: them the solution we should do our own commercials. But 179 00:08:41,960 --> 00:08:44,480 Speaker 2: they and you both took that to mean we meaning me. 180 00:08:45,000 --> 00:08:47,320 Speaker 2: But how easily could you have gone out and found 181 00:08:47,320 --> 00:08:50,200 Speaker 2: your own ad writer copywriter to write that commercial? And 182 00:08:50,200 --> 00:08:52,800 Speaker 2: maybe you're overseeing it. But I think that was one 183 00:08:52,840 --> 00:08:55,319 Speaker 2: of the really challenging lessons for me as a leader. 184 00:08:55,360 --> 00:08:57,200 Speaker 2: And I actually just did a whole session on this 185 00:08:57,240 --> 00:08:59,800 Speaker 2: with my Bandy money Makers last week and really just 186 00:08:59,880 --> 00:09:02,560 Speaker 2: like cathartic for me because in those early days as 187 00:09:02,600 --> 00:09:06,240 Speaker 2: a leader, I thought me doing everything was how I 188 00:09:06,280 --> 00:09:08,760 Speaker 2: should lead, and it's how I sent the message that 189 00:09:08,840 --> 00:09:11,400 Speaker 2: I'm a good leader because I can handle everything. But 190 00:09:11,480 --> 00:09:14,680 Speaker 2: that's just a fast track to burnout, burnout and resentment 191 00:09:15,200 --> 00:09:18,880 Speaker 2: and toxic work environment that you really create yourself. Because 192 00:09:19,000 --> 00:09:22,280 Speaker 2: for me, the epiphany was being a good leader is 193 00:09:22,400 --> 00:09:24,640 Speaker 2: necessarily doing it yourself. It's knowing what you need to 194 00:09:24,679 --> 00:09:26,920 Speaker 2: do and then finding solutions for it and bringing other 195 00:09:26,960 --> 00:09:29,960 Speaker 2: people in and letting them help you, you know, achieve that. 196 00:09:30,559 --> 00:09:32,719 Speaker 2: And it's also really important in your first ninety days 197 00:09:32,720 --> 00:09:37,720 Speaker 2: at this job to set expectations that your managers will 198 00:09:37,720 --> 00:09:39,320 Speaker 2: give you the resources you need to be able to 199 00:09:39,320 --> 00:09:41,240 Speaker 2: do that job. So if it's a you coming to 200 00:09:41,280 --> 00:09:43,600 Speaker 2: them with this proposal for Okay, we want to continue 201 00:09:43,640 --> 00:09:46,360 Speaker 2: doing this. Here's the budget I need to hire a 202 00:09:46,440 --> 00:09:49,280 Speaker 2: freelance ad writer, you know, here's the budget that I 203 00:09:49,320 --> 00:09:52,760 Speaker 2: need to get the recording equipment, whatever, and give them 204 00:09:52,920 --> 00:09:55,280 Speaker 2: sort of a long term budget plan and then if 205 00:09:55,280 --> 00:09:57,439 Speaker 2: they decide they want to put the resources in, then cool. 206 00:09:57,760 --> 00:09:59,680 Speaker 2: But if they decide that they won't, then it's time 207 00:09:59,720 --> 00:10:02,640 Speaker 2: to put that boundary down again and say, well, it's 208 00:10:02,679 --> 00:10:05,640 Speaker 2: not going to be realistic for me to take on 209 00:10:05,720 --> 00:10:09,679 Speaker 2: this responsibility with the umpteen other responsibilities that I have. 210 00:10:09,760 --> 00:10:12,280 Speaker 2: So what are we gonna do? Maybe there's no commercials 211 00:10:12,280 --> 00:10:16,800 Speaker 2: for a while, and then be quiet and then be silent. 212 00:10:18,240 --> 00:10:20,600 Speaker 1: I love what you said, because it's true good leaders 213 00:10:20,880 --> 00:10:22,920 Speaker 1: let good people do good work. That is like a 214 00:10:23,000 --> 00:10:25,600 Speaker 1: lesson that like really drove home. You know now that 215 00:10:25,640 --> 00:10:27,720 Speaker 1: my team is much smaller, and I really look around 216 00:10:27,720 --> 00:10:29,559 Speaker 1: and I'm like, when you have the right people in 217 00:10:29,600 --> 00:10:31,679 Speaker 1: the right place, I don't have to sweat anybody like 218 00:10:31,720 --> 00:10:35,000 Speaker 1: I'm like tifnany just take a step back. Logan got it, Rose, 219 00:10:35,040 --> 00:10:36,760 Speaker 1: got it. You gotta be in that email. If there's 220 00:10:36,760 --> 00:10:38,600 Speaker 1: something there she needs, she gonna let you know. Tam 221 00:10:38,640 --> 00:10:41,920 Speaker 1: got it, you know. So yep, So we wish you 222 00:10:41,960 --> 00:10:46,600 Speaker 1: loved Annie. Good luck. 223 00:10:47,120 --> 00:10:48,960 Speaker 2: All right, let's take a quick break out and be 224 00:10:49,000 --> 00:10:51,480 Speaker 2: back with another of your baq and a's. 225 00:10:53,480 --> 00:10:56,960 Speaker 1: Hey, y'all, we are black and back. Our next question 226 00:10:57,120 --> 00:11:01,160 Speaker 1: is from Amandad not to be confused with Mandy. Okay, 227 00:11:01,679 --> 00:11:06,000 Speaker 1: So Amanda says, hey, y'all, hoping all is well, and 228 00:11:06,120 --> 00:11:09,160 Speaker 1: tifty continues to heal. I am thank you, Mandy. I'm 229 00:11:09,200 --> 00:11:13,160 Speaker 1: loving the solo content. Thank you for hashtag keeping all 230 00:11:13,200 --> 00:11:18,040 Speaker 1: the things going true. Indeed, So here's my question. I've 231 00:11:18,120 --> 00:11:21,400 Speaker 1: had a small consulting business for more than seven years 232 00:11:21,760 --> 00:11:25,319 Speaker 1: and not ever had a business credit card. My partner 233 00:11:25,360 --> 00:11:28,520 Speaker 1: and I have business debit cards for routine expenses and travel, 234 00:11:29,000 --> 00:11:31,839 Speaker 1: and we've had to hit our line of credit several 235 00:11:31,840 --> 00:11:34,720 Speaker 1: times when cash flow is messy. Child, do not know it. 236 00:11:35,440 --> 00:11:37,720 Speaker 1: I'd like to consider a business credit card, but how 237 00:11:37,760 --> 00:11:40,560 Speaker 1: does it work? Do I, as the owner secure it 238 00:11:40,559 --> 00:11:43,200 Speaker 1: with my personal Social Security number? I have good credit? 239 00:11:43,320 --> 00:11:46,920 Speaker 1: Good girl? Does the business need its own credit? We 240 00:11:47,000 --> 00:11:50,480 Speaker 1: have a done in Bradstreet number and haven't really used it, 241 00:11:50,559 --> 00:11:53,640 Speaker 1: nor do I really understand it. Goals are to pay 242 00:11:53,720 --> 00:11:57,080 Speaker 1: less interest for larger charges, a lot of credit alternative, 243 00:11:57,320 --> 00:11:59,720 Speaker 1: and build points by charging and paying off regular monthly 244 00:11:59,720 --> 00:12:02,880 Speaker 1: expect Any extra info you could offer on the topic 245 00:12:03,000 --> 00:12:06,400 Speaker 1: is so appreciated. Bonus if you have a recommendation for 246 00:12:06,480 --> 00:12:09,800 Speaker 1: a great biz credit card, thanks so much. 247 00:12:11,000 --> 00:12:13,320 Speaker 2: I got my business credit card when I started Mandy 248 00:12:13,360 --> 00:12:15,800 Speaker 2: Money because I think there's just that common advice out there. 249 00:12:15,880 --> 00:12:19,679 Speaker 2: You know, established your credit business credit early, and for me, 250 00:12:20,320 --> 00:12:22,520 Speaker 2: I was the guaranteur, like me personally, because I didn't 251 00:12:22,559 --> 00:12:24,920 Speaker 2: have a business for any long point of time at 252 00:12:24,920 --> 00:12:28,360 Speaker 2: that point, so my personal credit was my collateral, you know. 253 00:12:28,920 --> 00:12:31,439 Speaker 2: So yes, I use my social I don't even remember 254 00:12:31,480 --> 00:12:34,560 Speaker 2: if they asked anything about my employment ID number or 255 00:12:34,559 --> 00:12:37,679 Speaker 2: what's it called a t I N Tax employment number 256 00:12:37,800 --> 00:12:40,280 Speaker 2: tax identification number. I'm like, that does not that's not 257 00:12:40,320 --> 00:12:44,080 Speaker 2: the acronym anyway. And because of my and because I 258 00:12:44,080 --> 00:12:46,760 Speaker 2: have strong credit too. I got approved, you know, pretty quickly. 259 00:12:46,920 --> 00:12:48,560 Speaker 2: But I don't know tip does it matter now that 260 00:12:48,600 --> 00:12:50,440 Speaker 2: she's seven years in and she has a Dan so 261 00:12:50,559 --> 00:12:53,000 Speaker 2: Dan and Bradstreet or is it done in Bradstreet? I 262 00:12:53,000 --> 00:12:54,320 Speaker 2: forget now, she said. 263 00:12:54,240 --> 00:12:59,400 Speaker 1: Dan, Danny and them, Dandy and them. 264 00:12:59,440 --> 00:13:05,480 Speaker 2: You know, this is the business version of like your 265 00:13:05,520 --> 00:13:09,600 Speaker 2: experience and your ficodes right, they track your business credit. 266 00:13:09,640 --> 00:13:11,160 Speaker 2: But you've had a business a lot longer. 267 00:13:11,280 --> 00:13:14,720 Speaker 1: So well, I to your point, Like someone told me, 268 00:13:14,760 --> 00:13:17,120 Speaker 1: by the way, hey Tiffany, you should go ahead and 269 00:13:17,160 --> 00:13:19,640 Speaker 1: get your business credit set up before you need it, 270 00:13:19,640 --> 00:13:21,800 Speaker 1: because credit is really like you need to know me 271 00:13:21,880 --> 00:13:24,439 Speaker 1: before you need me. So anybody listening with a new business, 272 00:13:24,720 --> 00:13:27,720 Speaker 1: go ahead and on ahead and do that. But Amanda's 273 00:13:28,920 --> 00:13:31,839 Speaker 1: Mandy's point, because you've been in business seven years, you 274 00:13:31,920 --> 00:13:34,040 Speaker 1: might be able to just get it based upon your 275 00:13:34,040 --> 00:13:36,320 Speaker 1: business currently because you've already had a line credit, so 276 00:13:36,360 --> 00:13:39,240 Speaker 1: you likely don't have to necessarily put your credit like 277 00:13:39,320 --> 00:13:42,920 Speaker 1: on the line for those folks who are new oftentimes, 278 00:13:43,200 --> 00:13:45,120 Speaker 1: not only can you not get a regular credit card 279 00:13:45,120 --> 00:13:48,000 Speaker 1: like for me, I started, like you know, months two, 280 00:13:48,080 --> 00:13:49,720 Speaker 1: I went to get a credit card, just to get 281 00:13:49,720 --> 00:13:53,000 Speaker 1: one and I had to get a secured business credit card. 282 00:13:53,400 --> 00:13:56,000 Speaker 1: That's not an actual thing like a secured regular credit card. 283 00:13:56,240 --> 00:13:58,760 Speaker 1: You basically, it's like a credit card with training wheels. 284 00:13:58,840 --> 00:14:01,200 Speaker 1: You put down a deposit, they put it into basically 285 00:14:01,280 --> 00:14:02,959 Speaker 1: like a savings account for you, and then they give 286 00:14:03,000 --> 00:14:06,160 Speaker 1: you a card that is the same limits as the 287 00:14:06,200 --> 00:14:09,440 Speaker 1: posits that you put down. Typically for business credit cards, 288 00:14:09,840 --> 00:14:11,960 Speaker 1: I think it's like usually the minimums around one thousand 289 00:14:11,960 --> 00:14:15,640 Speaker 1: dollars personal, it's a minimum for secured cards usually like 290 00:14:15,679 --> 00:14:17,880 Speaker 1: three hundreds to four or five hundred dollars. So that's 291 00:14:17,880 --> 00:14:19,800 Speaker 1: what I did. I put down one thousand dollars, and 292 00:14:20,120 --> 00:14:22,440 Speaker 1: I got a secured business credit card. You know. I 293 00:14:22,560 --> 00:14:25,160 Speaker 1: used it like wisely for like a year, and then 294 00:14:25,200 --> 00:14:26,880 Speaker 1: they took the secured part off and gave me a 295 00:14:26,880 --> 00:14:29,800 Speaker 1: regular business credit card. So what I liked about that 296 00:14:29,920 --> 00:14:31,800 Speaker 1: is I got to build my business credit up, you know, 297 00:14:32,120 --> 00:14:35,160 Speaker 1: and now you know, I've got like an American Express card. 298 00:14:35,280 --> 00:14:37,840 Speaker 1: So what's so great about a business credit card to 299 00:14:37,880 --> 00:14:40,800 Speaker 1: your point, Amanda, is that we use our business credit 300 00:14:40,800 --> 00:14:42,960 Speaker 1: card especially, and we've switched over to our American Express 301 00:14:43,000 --> 00:14:45,640 Speaker 1: card because of the the what you can do with 302 00:14:45,680 --> 00:14:48,920 Speaker 1: the points it's just like magical. So I use it 303 00:14:48,960 --> 00:14:51,920 Speaker 1: for marketing. So if I'm running ads, which we do 304 00:14:51,960 --> 00:14:53,880 Speaker 1: a lot, and sometimes we can spend seven figures in 305 00:14:53,920 --> 00:14:58,520 Speaker 1: a year on ads, and so I have traveled extensively 306 00:14:58,600 --> 00:15:00,560 Speaker 1: off the points that we get as a results of 307 00:15:00,600 --> 00:15:03,200 Speaker 1: my business partner and I for the Literature Academy. We 308 00:15:03,240 --> 00:15:05,560 Speaker 1: go back and forth with using the points from American Express. 309 00:15:05,560 --> 00:15:09,200 Speaker 1: I mean I flew the ballot Bari round trip first 310 00:15:09,240 --> 00:15:12,000 Speaker 1: class off the points. You know, I've gone. 311 00:15:12,040 --> 00:15:14,040 Speaker 2: You and your business partner like split them. 312 00:15:14,040 --> 00:15:15,520 Speaker 1: Yes, we split the points and we use them. 313 00:15:15,520 --> 00:15:18,280 Speaker 2: However, Yeah, it's like a trust thing or what do 314 00:15:18,320 --> 00:15:20,760 Speaker 2: you call it. I don't know. Yeah, you have to 315 00:15:20,840 --> 00:15:22,800 Speaker 2: just like kind of say, okay, we share a joint 316 00:15:22,840 --> 00:15:24,960 Speaker 2: custody of these points. Don't different to. 317 00:15:25,880 --> 00:15:30,240 Speaker 1: Share our points, baby, You're like, it's your weekend, you know. 318 00:15:30,480 --> 00:15:33,280 Speaker 1: And so so that that is the benefit of like 319 00:15:33,520 --> 00:15:36,080 Speaker 1: having a business credit card. Yes, obviously you have access 320 00:15:36,120 --> 00:15:39,960 Speaker 1: to more capital, you know, like that. I don't worry 321 00:15:40,000 --> 00:15:41,880 Speaker 1: as much about the interest rates quite honestly, because we 322 00:15:42,120 --> 00:15:44,280 Speaker 1: pay ours off every month in full. But I also 323 00:15:44,320 --> 00:15:47,560 Speaker 1: don't have a physical based business, so that's not possible 324 00:15:47,560 --> 00:15:50,280 Speaker 1: for all people. Me and Mandy have a service based businesses, 325 00:15:50,280 --> 00:15:54,960 Speaker 1: so that's usually more feasible. But yeah, establishing your credit, 326 00:15:55,040 --> 00:15:57,120 Speaker 1: getting a business credit card, it sounds like you're already 327 00:15:57,200 --> 00:16:01,000 Speaker 1: doing you know wisely and using your your business line 328 00:16:01,040 --> 00:16:03,360 Speaker 1: of credit. Go ahead and do that. I wouldn't say 329 00:16:03,360 --> 00:16:04,960 Speaker 1: that I have. I mean, I will say that I 330 00:16:04,960 --> 00:16:08,040 Speaker 1: do like American Express because the points that you're able 331 00:16:08,080 --> 00:16:10,000 Speaker 1: to accumulate, you could use it for so many things. 332 00:16:10,120 --> 00:16:12,400 Speaker 1: But with American Express, be mindful that it's really like 333 00:16:12,440 --> 00:16:13,720 Speaker 1: a charge card, so you have to pay it off 334 00:16:13,720 --> 00:16:16,400 Speaker 1: every month in full. Let me see what other. 335 00:16:16,640 --> 00:16:18,840 Speaker 2: Do you have a high like annual fee? 336 00:16:18,960 --> 00:16:21,400 Speaker 1: Oh yeah, that's the thing. It is a high annual fee. 337 00:16:21,880 --> 00:16:24,440 Speaker 1: But I will say that, from what I remember, with 338 00:16:24,440 --> 00:16:26,720 Speaker 1: American Express, you could put it toward things like like 339 00:16:26,760 --> 00:16:29,200 Speaker 1: I was able to get Global entry, which is like 340 00:16:29,200 --> 00:16:32,440 Speaker 1: four hundred bucks and so, but with American Express it 341 00:16:32,480 --> 00:16:34,920 Speaker 1: was weighed. So global entry means whenever I come back 342 00:16:34,920 --> 00:16:37,080 Speaker 1: to the US, which you know I'm leaving, I'm going 343 00:16:37,120 --> 00:16:39,920 Speaker 1: to Jordan, I'm super excited when I come back in 344 00:16:39,960 --> 00:16:41,480 Speaker 1: to the US, I don't have to like wait in 345 00:16:41,480 --> 00:16:43,760 Speaker 1: a super long line because they basically preach out. 346 00:16:44,720 --> 00:16:48,040 Speaker 2: That makes me feel richer and more like lucks when 347 00:16:48,080 --> 00:16:51,680 Speaker 2: I skip the long line of customs. Yes, take my money, 348 00:16:51,800 --> 00:16:55,239 Speaker 2: I don't care. I'm sorry. 349 00:16:55,320 --> 00:16:57,640 Speaker 1: So you want to ask that like four hundred dollars, 350 00:16:57,680 --> 00:16:59,520 Speaker 1: sometimes you can put it toward things, you know, like 351 00:16:59,520 --> 00:17:01,880 Speaker 1: and that's one of them. I'm also too. I mean, well, 352 00:17:01,880 --> 00:17:03,640 Speaker 1: this is not they don't it's not a business card, 353 00:17:03,840 --> 00:17:07,439 Speaker 1: but Chase, I would probably ask, but for what I know, 354 00:17:09,080 --> 00:17:11,119 Speaker 1: I don't think. I don't know if Chase has a 355 00:17:11,160 --> 00:17:14,120 Speaker 1: business card that you know that gives like incredible points. 356 00:17:14,119 --> 00:17:16,520 Speaker 1: But you can ask because my personal Chase, like you know, car, 357 00:17:16,600 --> 00:17:18,280 Speaker 1: what's that card that I always get the name wrong on. 358 00:17:19,080 --> 00:17:25,879 Speaker 2: The Chase good Time cards, we get the name up. Yes, yes, 359 00:17:26,440 --> 00:17:27,040 Speaker 2: so Chase. 360 00:17:27,119 --> 00:17:29,600 Speaker 1: I use my Chase a lot as well. But yeah, 361 00:17:29,600 --> 00:17:31,480 Speaker 1: so I would just say start now, you know, start 362 00:17:31,480 --> 00:17:33,159 Speaker 1: building your business credit. I me, you've already built you 363 00:17:33,160 --> 00:17:34,760 Speaker 1: business credit because you've had a lot of credit. But 364 00:17:35,040 --> 00:17:36,919 Speaker 1: a credit card to use wisely can certainly be a 365 00:17:36,920 --> 00:17:37,400 Speaker 1: great tool. 366 00:17:37,880 --> 00:17:40,440 Speaker 2: Yeah, And I mean for me, credit card offers changed 367 00:17:40,440 --> 00:17:43,480 Speaker 2: so frequently, and especially now that the economy is coming back, well, 368 00:17:43,520 --> 00:17:46,080 Speaker 2: I know it's well coming back ish, like there's so 369 00:17:46,119 --> 00:17:49,119 Speaker 2: many issues and inflation and sock market crashing, all the 370 00:17:49,160 --> 00:17:52,040 Speaker 2: kind of stuff. But credit cards rewards are coming back, 371 00:17:52,080 --> 00:17:53,800 Speaker 2: so they you know, you saw a lot of cards 372 00:17:53,800 --> 00:17:56,240 Speaker 2: pull back on the rewards programs during the pandemic when 373 00:17:56,280 --> 00:17:58,760 Speaker 2: people weren't actually doing the things that we used to do, 374 00:17:58,840 --> 00:18:01,360 Speaker 2: like eat out and like the reasons you would justify 375 00:18:01,440 --> 00:18:04,479 Speaker 2: getting a rewards card before kind of went away. So 376 00:18:04,520 --> 00:18:06,720 Speaker 2: there may be new offers today that weren't even around 377 00:18:06,760 --> 00:18:09,080 Speaker 2: last summer. So when I got my business card last summer, 378 00:18:09,119 --> 00:18:11,800 Speaker 2: I went I started off going to you know, a 379 00:18:11,800 --> 00:18:15,000 Speaker 2: credit card comparison site and literally googling the best business 380 00:18:15,000 --> 00:18:17,119 Speaker 2: credit cards. There's a bunch of lists that you'll find. 381 00:18:18,080 --> 00:18:20,440 Speaker 2: Just look for lists where it's there's like people have 382 00:18:20,520 --> 00:18:23,119 Speaker 2: actually written reviews based on their experience and not just 383 00:18:23,160 --> 00:18:26,560 Speaker 2: because they get the highest affiliate revenue from referring those cards. 384 00:18:27,160 --> 00:18:29,160 Speaker 2: And for me, I was looking for a no annual 385 00:18:29,200 --> 00:18:32,120 Speaker 2: fee card, which means I don't get the amazing lucrative 386 00:18:32,119 --> 00:18:33,800 Speaker 2: benefits of an AMX. It didn't it make sense for 387 00:18:33,840 --> 00:18:35,960 Speaker 2: me at the time because of my business revenue was 388 00:18:36,080 --> 00:18:38,520 Speaker 2: non existent last June when I got the card, So 389 00:18:38,560 --> 00:18:40,840 Speaker 2: I chose the Capital One Spark and what I like 390 00:18:40,880 --> 00:18:43,760 Speaker 2: about it is that it is no fee and it's 391 00:18:43,800 --> 00:18:46,640 Speaker 2: two percent cash back on everything, so it's pretty as 392 00:18:46,640 --> 00:18:48,600 Speaker 2: a standard business card. It works for me, and I 393 00:18:48,640 --> 00:18:51,200 Speaker 2: do get I do get cash back which I can 394 00:18:51,240 --> 00:18:54,280 Speaker 2: then use against my balance or for whatever. So that's 395 00:18:54,280 --> 00:18:56,640 Speaker 2: what I use personally. But like I said, I would 396 00:18:56,680 --> 00:19:00,159 Speaker 2: start with like a nerd wallet, a Magnify money to 397 00:19:00,240 --> 00:19:03,640 Speaker 2: Karma again, just like compare and see which one fits, 398 00:19:03,920 --> 00:19:06,840 Speaker 2: which one fits your business, Yeah, and how you were 399 00:19:06,880 --> 00:19:09,359 Speaker 2: going to use it. Maybe you're buying a lot of 400 00:19:09,359 --> 00:19:12,080 Speaker 2: supplies at Staples, so maybe you know a card that 401 00:19:12,119 --> 00:19:14,760 Speaker 2: gives you cash back on office supplies makes sense exactly. 402 00:19:14,880 --> 00:19:18,720 Speaker 1: Or so I want to travel points, but you might 403 00:19:18,720 --> 00:19:20,840 Speaker 1: not need that, you know. So yeah, to Manna's point, 404 00:19:20,880 --> 00:19:22,760 Speaker 1: you want to find a card that really fits you. 405 00:19:23,359 --> 00:19:25,919 Speaker 1: And another benefit to like a business credit card is 406 00:19:25,960 --> 00:19:30,120 Speaker 1: that if something happens, credit card companies really work with you, like, hey, 407 00:19:30,119 --> 00:19:32,080 Speaker 1: I didn't I didn't twipe that, I didn't buy that, 408 00:19:32,160 --> 00:19:34,720 Speaker 1: I didn't, you know, versus a lone of credit you 409 00:19:34,760 --> 00:19:36,119 Speaker 1: know where you're kind of like on your own. So 410 00:19:36,160 --> 00:19:38,600 Speaker 1: there's a benefit to using your business card for things 411 00:19:38,600 --> 00:19:40,040 Speaker 1: because there's a protection built in. 412 00:19:40,200 --> 00:19:44,200 Speaker 2: So wow, thank you for the question, Amanda. 413 00:19:44,720 --> 00:19:48,360 Speaker 1: Yes, if y'all have questions, ask us run a Bitch 414 00:19:48,480 --> 00:19:52,080 Speaker 1: podcast dot com, click ask what does it? Ask anything? 415 00:19:52,600 --> 00:19:58,240 Speaker 2: Ask us anything? Yeah, a la listen just about and 416 00:19:58,320 --> 00:20:01,560 Speaker 2: that crazy or hit us tough on ig slide into 417 00:20:01,560 --> 00:20:04,479 Speaker 2: our DMS. It's at Brand Ambisson Podcast or you can 418 00:20:04,560 --> 00:20:07,800 Speaker 2: hit us up directly Brand Ambition Podcast at gmail dot 419 00:20:07,840 --> 00:20:08,720 Speaker 2: com dot com. 420 00:20:08,720 --> 00:20:10,879 Speaker 1: And please give us a fake name. We like fake names. 421 00:20:10,880 --> 00:20:14,040 Speaker 1: Make it silly, you know, just be like right, make 422 00:20:14,080 --> 00:20:15,880 Speaker 1: it sassy so you know, we can have a little 423 00:20:15,880 --> 00:20:16,200 Speaker 1: fun with it. 424 00:20:16,280 --> 00:20:18,399 Speaker 2: We all have those, like identity crises. When we were fifteen, 425 00:20:18,400 --> 00:20:19,000 Speaker 2: you wanted to change? 426 00:20:19,720 --> 00:20:21,679 Speaker 1: What did you want your name? Come on now, if 427 00:20:21,680 --> 00:20:26,480 Speaker 1: you're a person a right, everybody would, depending when you 428 00:20:26,480 --> 00:20:28,720 Speaker 1: grew up, You're like, if you're around my age, you'll 429 00:20:28,760 --> 00:20:29,000 Speaker 1: want it. 430 00:20:29,119 --> 00:20:33,399 Speaker 2: Stacey, give us something all my sailor moon fan fictions 431 00:20:33,480 --> 00:20:35,919 Speaker 2: under the alias Adrian, because that's who I want it 432 00:20:35,960 --> 00:20:36,159 Speaker 2: to be. 433 00:20:36,640 --> 00:20:41,280 Speaker 1: So who's your fifteen year old aliens? All right, until 434 00:20:41,320 --> 00:20:42,440 Speaker 1: next time, y'all. 435 00:20:42,560 --> 00:20:46,480 Speaker 2: Until next week, Bye, y'all, take care, Bye ba fan. 436 00:20:46,560 --> 00:20:49,040 Speaker 1: Wasn't that such an awesome throwback? It was such a 437 00:20:49,320 --> 00:20:52,239 Speaker 1: fun trip down memory lane. Make sure to check out 438 00:20:52,280 --> 00:20:55,720 Speaker 1: Brian Ambition every Monday, Wednesday and Friday. Yes, we're here 439 00:20:55,760 --> 00:20:59,120 Speaker 1: three days a week. I mean, doesn't get any better 440 00:20:59,160 --> 00:20:59,359 Speaker 1: than this. 441 00:20:59,560 --> 00:21:00,280 Speaker 2: I don't think sound