Should you start a nonprofit or build a profitable business first?
In this Ask Loral conversation, a caller interested in helping people through music asks about business structure, mentorship, and whether moving from New York to Texas would make sense. Loral explains why starting a profitable business may be the better first step before establishing a nonprofit.
From choosing the right state and setting up an LLC to understanding music industry contracts, payments, and revenue opportunities, Loral discusses how starting a profitable business requires more than a great idea. She shares how experienced financial and business professionals can help entrepreneurs avoid costly mistakes and create opportunities for growth.
Ultimately, starting a profitable business is about creating a strong financial foundation that can support your goals, expand your opportunities, and potentially fund a larger mission in the future.
Loral’s Takeaways:
- Business Structure and Nonprofits (00:03)
- Mentorship and Expertise Benefits (00:47)
- Music Industry Success and Support (01:28)
- Millionaire Intensive and Resources (02:48)
Connect with us:
- Rapid Marketing System
- Skillet Analyzer
- TMI
- Book
- Call in – 775-588-9200
- Text “PODCAST” to 775-588-9200 for all the links mentioned in the episode.
- Visit AskLoral.com to ask questions and make requests.
Meet Loral Langemeier:
Loral Langemeier is a money expert, sought-after speaker, entrepreneurial thought leader, and best-selling author of five books.
Her goal: to change the conversations people have about money worldwide and empower people to become millionaires.
The CEO and Founder of Live Out Loud, Inc. – a multinational organization — Loral relentlessly and candidly shares her best advice without hesitation or apology. What sets her apart from other wealth experts is her innate ability to recognize and acknowledge the skills & talents of people, inspiring them to generate wealth.
She has created, nurtured, and perfected a 3-5 year strategy to make millions for the “Average Jill and Joe.” To date, she and her team have served thousands of individuals worldwide and created hundreds of millionaires through wealth-building education keynotes, workshops, products, events, programs, and coaching services.
Loral is truly dedicated to helping men and women, from all walks of life, to become millionaires AND be able to enjoy time with their families.
She is living proof that anyone can have the life of their dreams through hard work, persistence, and getting things done in the face of opposition. As a single mother of two children, she is redefining the possibility for women to have it all and raise their children in an entrepreneurial and financially literate environment.
Links and Resources:
Ask Loral App: https://apple.co/3eIgGcX
Loral on Facebook: https://www.facebook.com/askloral/
Loral on YouTube: https://www.youtube.com/user/lorallive/videos
Loral on LinkedIn: https://www.linkedin.com/in/lorallangemeier/
Money Rules: https://integratedwealthsystems.com/money-rules/
Millionaire Maker Store: https://millionairemakerstore.com/
Real Money Talks Podcast: https://integratedwealthsystems.com/podcast/
Integrated Wealth Systems: https://integratedwealthsystems.com/
Affiliate Sign-Up: https://integratedwealthsystems.com/affiliates
Thanks for listening!
Thanks so much for listening to our podcast! If you enjoyed this episode and think that others could benefit from listening, please share it using the social media buttons on this page.
Do you have some feedback or questions about this episode? Leave a comment in the section below!
Subscribe to the podcast
If you would like to get automatic updates of new podcast episodes, you can subscribe to the podcast on iTunes or Stitcher. You can also subscribe from the podcast app on your mobile device.
Leave us an iTunes review
Ratings and reviews from our listeners are extremely valuable to us and greatly appreciated. They help our podcast rank higher on iTunes, which exposes our show to more awesome listeners like you. If you have a minute, please leave an honest review on iTunes.
