- This file was automatically generated by VIMEO 0 00:00:00.000 --> 00:00:03.280 Gerald Watson? I, yes sir. I thought it was George Watson, so that's okay. 1 00:00:03.280 --> 00:00:04.113 That's my fault. 2 00:00:04.220 --> 00:00:05.053 Gw, you got that. 3 00:00:05.280 --> 00:00:07.440 I know. There you go. So Gerald, 4 00:00:07.580 --> 00:00:10.040 go ahead and walk me through your experience so far this morning, 5 00:00:10.380 --> 00:00:12.920 but before we start that, um, what company are you 6 00:00:12.920 --> 00:00:16.560 With? Okay, so I am president and founder of the Watson Group, 7 00:00:17.010 --> 00:00:21.920 which specializes in arranging financing for companies with contracts and 8 00:00:21.920 --> 00:00:24.880 purchasers who need money either on the front end up front to get started, 9 00:00:25.610 --> 00:00:28.160 money to pay vendors and suppliers as they go through it, 10 00:00:28.580 --> 00:00:30.600 or money on the back end of speed up cash flow. 11 00:00:31.230 --> 00:00:34.800 I've been doing that for about 40 years and our business is essentially a 12 00:00:34.800 --> 00:00:35.633 hundred percent referral. 13 00:00:36.460 --> 00:00:37.400 So walk me through, 14 00:00:38.060 --> 00:00:41.560 how important is it to come into an event like this, 15 00:00:42.630 --> 00:00:44.200 meet people and network with people, 16 00:00:44.500 --> 00:00:47.760 and ultimately to get a referral because of the great work that you've done? 17 00:00:48.150 --> 00:00:53.080 Well, you know, the, the, for us, um, it's, 18 00:00:53.240 --> 00:00:55.760 I look at it as an investment and, 19 00:00:55.760 --> 00:00:59.480 and it's an investment that always pays for itself. In fact, 20 00:00:59.500 --> 00:01:03.520 in some instances it pays itself even before, how come the, show me, 21 00:01:03.520 --> 00:01:06.760 give you an example. I'd registered for, for one of the events, uh, 22 00:01:07.020 --> 00:01:11.080 one of the broker fairs a couple years ago looked at the listening of people who 23 00:01:11.080 --> 00:01:12.040 were gonna be attending, 24 00:01:12.580 --> 00:01:16.200 met a lender who was exactly what I was looking for, 25 00:01:16.940 --> 00:01:20.120 got the client funded and the commissions that I earned off that deal, 26 00:01:20.310 --> 00:01:22.760 covered up my, all, all my expenses for the show. 27 00:01:23.700 --> 00:01:25.760 So, in other words, it is worth it. It's a come 28 00:01:26.110 --> 00:01:28.080 Well, it's, it's a great investment on a lot of levels. 29 00:01:28.470 --> 00:01:30.120 It's a great networking opportunity. 30 00:01:30.230 --> 00:01:33.160 It's a great to meet people who are doing what you do. 31 00:01:33.640 --> 00:01:37.080 A great way to way to develop lending relationships. Good. 32 00:01:37.140 --> 00:01:39.520 It is good education and it's, it's a lot of fun. 33 00:01:40.020 --> 00:01:44.080 So this industry's changing the way it's the, you know, the world is changing, 34 00:01:44.140 --> 00:01:48.080 the economy's changing and the topics that we're talked about today and that are 35 00:01:48.080 --> 00:01:52.240 being talked about, it's to help people maneuver this industry. What, 36 00:01:53.110 --> 00:01:56.960 what, uh, what panel are you looking forward to the most or did you enjoy, 37 00:01:57.060 --> 00:01:59.720 if you've listened to one that you are really looking forward to? 38 00:01:59.830 --> 00:02:01.640 Okay, so I'm gonna be a little surfer here, 39 00:02:01.640 --> 00:02:06.080 self-serving here for a minute because at three 20 today I'm one of the panel, 40 00:02:06.260 --> 00:02:10.920 I'm one of the panelists on, uh, E R C financing. And, 41 00:02:11.060 --> 00:02:15.800 you know, we've been involved our company with ERCs for maybe almost a year. 42 00:02:15.800 --> 00:02:19.760 And essentially the heart of what we do today is work with companies who've 43 00:02:19.760 --> 00:02:21.360 already filed for their E R C, 44 00:02:22.460 --> 00:02:24.760 but you're having to wait six or 12 months to get paid. 45 00:02:25.100 --> 00:02:29.560 So what we do is we step in and we monetize that e r c refunds so they can get 46 00:02:29.560 --> 00:02:30.393 cash today. 47 00:02:31.960 --> 00:02:34.660 So for, you know, the ERC for example, 48 00:02:34.760 --> 00:02:37.820 and just other people that are here that are trying to learn more to have 49 00:02:38.180 --> 00:02:39.013 questions, 50 00:02:39.810 --> 00:02:42.180 what would you tell them and what would you tell people watching this about, 51 00:02:42.200 --> 00:02:43.980 you know, coming to an event like this overall? 52 00:02:44.570 --> 00:02:49.260 Well, you know, with regard to coming to an event like this, overall, 53 00:02:49.380 --> 00:02:53.340 I think one of the biggest things that people can do is to step outside the box, 54 00:02:53.370 --> 00:02:55.540 step outside your comfort, comfort zone and do, 55 00:02:55.960 --> 00:02:58.580 and walk up to people whom you don't know. You know, 56 00:02:58.580 --> 00:03:01.800 we all have a tendency to kind of hang and sit and talk to people whom we know 57 00:03:02.300 --> 00:03:06.600 it. It's the people that you don't know, okay. Who can make a difference, uh, 58 00:03:06.600 --> 00:03:10.240 in your future on a lot of levels. And so that's one thing I'd say, uh, 59 00:03:10.300 --> 00:03:12.640 you know, for me it serves the same purpose. Yeah. 60 00:03:13.150 --> 00:03:15.640 Well, thank you so much for your time. I appreciate it. 61 00:03:15.880 --> 00:03:17.560 I appreciate you being here. All right. 62 00:03:17.620 --> 00:03:20.600 I'm definitely looking forward to hearing more about your session later today. 63 00:03:20.630 --> 00:03:20.920 Well, 64 00:03:20.920 --> 00:03:24.360 I appreciate that too. And this is no problem, GW Watson George signing out. 65 00:03:26.590 --> 00:03:28.920 I'll go ahead and let you enjoy. Take care. Enjoy the rest. No problem. 66 00:03:28.970 --> 00:03:30.200 Thank you. Enjoy the rest of the day.