Merchant Processing AKA The Alligator Pit
January 13, 2021
Hosted by Frank Helring
In any Small Business you have Hard Dollar vs Soft Dollar Costs to incur. One (Soft) is much more malleable as (Hard) is mostly fixed expenses such as Lease Payments, Insurances, Payroll etc. Merchant Processing is for the most part in the (Hard) category and can be frustrating as it deals with the LIFEBLOOD of any Small Business which is your CASH FLOW. Between Credit & Debit Card useage for purchasing, this function now encompasses about 95% of all sales transactions globally and the days of CASH being a matter of choice are limited at best as everything in financial services is moving towards Fin-Tech or commonly known as Digitalization While paper statements is still a means of communication between you and your selected Merchant Processing firm, the readability of these documents at times requires a BS in Economics. On the show today I will be interviewing the CEO of On Fire Processing, the Anchor sponsor of BizZne$$ BuzZ. Together we will jump into this Alligator Pit.
BizZne$$ BuzZ and BizZne$$ Watch
Wednesday at 10 AM Pacific Time on VoiceAmerica Business Channel
BizZne$$ BuzZ is all about your business. Small business is in trouble and they have been as far back as the “rocking” that occurred in 2008. The 14.2 percent loss of many brick and mortar small businesses happened by the year 2015 (source, NFIB 2015 Report). Already being squeezed by Internet predators, like Amazon, E-Bay, etc. They are literally sucking the life out of small businesses by customer and profit “siphoning.” B2B Networking Groups and social media disappointments abound.
Small business needs a “counter” to these E-commerce tsunamis and that mechanism is the power of UNITY, RELATIONSHIP and the Law of RECIPROCITY. This is an EDGE that is a non-compete. The “perfect storm” of shut down/customer distancing, lack of capital and uncertainty are the devastating effects of COVID19 disruption.
Our mission is to provide your business the boost that it needs to recapture your personal visions, rejuvenate your operations and to bring about a platform that represents your interests.
Frank Helring is the CEO and Founder of TheHubmartLLC. He is an established executive with over 45 years of service encompassing Christian ministries, private/corporate insurance, public/philanthropic enterprises and private equities sectors.
His past tenures include owning his own General Insurance Agency from October 1977 to 1991, serving as an Executive Director with World Vision of Orange County from 1994 to 1998 inclusive as a President and CEO of a community-based organization.He has served as President of JMS Consulting Group 2004-2006, a private equities firm in Los Angeles during which time he personally consulted to the VP of Benefits of the legendary NFIB.com on “Boutique” Membership programs and Association negotiating levels of involvement. He and his wife have owned Allure Med Aesthetics, Inc. a medical aesthetics practice, since 2013. Most recently, he is currently involved with revolutionary firms engaged in accelerating the emerging “opportunity commercial marketplace” and cutting edge medical regeneration technologies.
Frank resides in Mission Viejo, with his wife Rhoda. His combination of grassroots community involvement, strategic relationships formation and continued success as a visionary corporate entrepreneur distinguish him as an invaluable asset to the small business community at large.