Episode 61
Not all debts are created equal. There's good debt that can grow and scale your business and there's bad debt that can drive it to bankruptcy. David Kennedy of Parkside Financial joins us in this episode to tell us the risks and rewards of debts. If deployed correctly, debt can be a great investment for businesses. They just need to identify what assets they should have and the specific situation they need to be in before going to the bank and borrowing money.
Let’s listen to David and demystify debts!
[00:01 - 04:08] Opening Segment
- Let’s get to know David Kennedy
- His path as a commercial lender
- The services offered by Parkside Financials
[04:09 - 14:06] Risk and Reward of Commercial Lending
- Should a company have debt?
- David weighs in
- The risk and rewards of commercial lending
- David explains the 5 C’s of credit
[14:07 - 23:27] The Cushion You Need in Your Business
- Listen to David to know why their rates are attractive to borrowers
- The cushion that your business needs
- Want some Amazon refunds? Check out Getida
- Promo code: FTM400
[23:28- 34:45] The Bad Time For Debt
- Don’t miss this inspiring story from David
- What is Parkside Financial looking for in a client?
- The situation when debt is dangerous to use
[34:46 - 39:08] Closing Segment
- Get to know David more in the Fire Round!
- Connect with David! Links below
- Final words
Tweetable Quotes:
“Debt can be dangerous when not deployed correctly.” - David Kennedy
At the end of the day, it’s not balance sheets that pay you back. It’s people that pay you back” - David Kennedy
Resources Mentioned:
- Dave Ramsey
- Book: Shoe Dog
- Book: Ender's Game
Email DKennedy@pfbt.com to reach out to David and check out their website to know how you can leverage debts for your business.
------------------------------------------------------------------------------------------
Email us --> support@firingtheman.
Ready to scale your Amazon business? Click here to book a strategy call. https://calendly.com/firingtheman/amazon
Popular Podcasts
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!
Ruthie's Table 4
For more than 30 years The River Cafe in London, has been the home-from-home of artists, architects, designers, actors, collectors, writers, activists, and politicians. Michael Caine, Glenn Close, JJ Abrams, Steve McQueen, Victoria and David Beckham, and Lily Allen, are just some of the people who love to call The River Cafe home. On River Cafe Table 4, Rogers sits down with her customers—who have become friends—to talk about food memories. Table 4 explores how food impacts every aspect of our lives. “Foods is politics, food is cultural, food is how you express love, food is about your heritage, it defines who you and who you want to be,” says Rogers. Each week, Rogers invites her guest to reminisce about family suppers and first dates, what they cook, how they eat when performing, the restaurants they choose, and what food they seek when they need comfort. And to punctuate each episode of Table 4, guests such as Ralph Fiennes, Emily Blunt, and Alfonso Cuarón, read their favourite recipe from one of the best-selling River Cafe cookbooks. Table 4 itself, is situated near The River Cafe’s open kitchen, close to the bright pink wood-fired oven and next to the glossy yellow pass, where Ruthie oversees the restaurant. You are invited to take a seat at this intimate table and join the conversation. For more information, recipes, and ingredients, go to https://shoptherivercafe.co.uk/ Web: https://rivercafe.co.uk/ Instagram: www.instagram.com/therivercafelondon/ Facebook: https://en-gb.facebook.com/therivercafelondon/ For more podcasts from iHeartRadio, visit the iheartradio app, apple podcasts, or wherever you listen to your favorite shows. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
The Joe Rogan Experience
The official podcast of comedian Joe Rogan.