What's going on? So how you doing? You too. All right, so go ahead and
step a little bit closer. I don't bite man. So Sean go ahead
and talk to people out there. Who are you with and what's your
title with the company? Yeah. So I'm the president of cash Bowie. We're a
direct lender. This is our third event that we
sponsored here.
It's a great audience for the alternative lending space. It's
the best there is so Sean good and walk me through for 2023
what exactly you guys expecting for the year
for your business?
Well, it's kind of Uncertain times from from
a market condition perspective. So
we're just being very careful. We're gonna
weather the storm. So to speak like we did during covid but
we're still in growth mode and want to make more relationships and
and continue to quarter of
a quarter year over year grow. So in regards to
being in growth mode and just you know, seeing that growth
happen kind of go maneuvering the
ups and downs of the industry. What advice
would you have to someone that's brand new and trying to maneuver what you guys
are trying to maneuver. It's a great question. I would say
the part the the iso is that you partner with your
your partners is a big thing that deal flow they
bring to you having the right Partners. If you're the lender
you're gonna get great deal flow fundable deals
low default rate just it's really important
to be to be partnered with the right the right
broker if you're a lender and vice versa
So the one question a lot of people have is how to make money in this industry. How
do you know you stick out the hard times
and make you know, a lot of money. What would you say to
those people? Yeah. Well again have the right partners for
sure limit your defaults. Keep keep
that down. So you're not spending all your time on the collection perspective.
I would really say part the
right partners with the right deal flow. You're gonna make money
and how do you find those right Partners? What do you do? How do
you weave them out? Yeah. Well this event is a is
a big a big reason for having the right
Partners. You meet the right people people that been in the space for a while
or even new people that new new companies. That
kind of get are on the same. I have the
same message that you have same business model just really
the more time. You're in the space.
you come across the same players and you know who's got
good deal flow who doesn't who's, you know,
just came up and won't be here next year and
Etc
The question I've been asking everyone is how do you make millions in this
industry? Yeah, that's not easy. You limit
your default keep growing getting more relationships to
continue growing your your deal flow
and putting more and more money out on the street. And what
would you say to the guy that is in the industry? He's hit a
road bump, you know, he's in a funk and he doesn't know
how to get up. We've all been there. Well, you said to him? Yeah. Well,
it's not easy. They're nobody became successful
without hitting that bump so don't give up,
you know, maybe take a step back reevaluate what
you did that wasn't working and and maybe take a
new Tack and then for your business overall, I mean you being the president.
How exactly are you maneuvering uncertain times?
While again it goes back to we we unfortunately now have
experience because the covid so we're going to we're gonna
fall back on how we maintain the course and stayed
in business during a time and like, you
know, the first time ever where businesses were forced
to be shut down. We're gonna go back to that and fall on
some of the some of the things that we learned during that time and what's the
most important lesson you learn during that time.
Move slow everything is going to work.
It's it's way out. It's remain fluid
from an underwriting perspective from a collection perspective from
a business development perspective just be fluid move
slow things will work itself out.
Awesome. Thanks so much. John. Appreciate you likewise man. Thank you so much. Again, that
was great piece of advice from Sean. He's president
in this industry. So again, we've been talking to
different people get getting the different tips regarding not only
how to make millions, but also how to be successful in 2023. So
again, you're not going to want to miss out on what we have coming
up. So stay tuned.