Transcription
This one AI tool has changed business credit forever. In this video, I want to show you how we're using Claude inside of our business and our clients' businesses to get structured properly and get access to more business capital so that you can grow, scale, and build your business a lot faster. Let's get right into it.
So, each of these prompts that we've engineered is going to serve at its own function for your business. And so, the fastest way for you to do this is just to simply take a screenshot of each of the prompts that you'll see in front of your screen and then just paste them inside of your Claude.
And so, the first prompt that we have is known as the business description prompt. And so, this is going to tell a bank who you are or in this case, who your business is. Here's why. A lot of business owners don't do this correctly and they end up sending the wrong signals to the banks. Because banks don't deny businesses, they deny signals when it comes to getting access to business capital, especially at scale. And so, most business descriptions, if we're being real, like the business plans, they sound generic. And if you just plug this into ChatGPT or even to your Claude and and if you don't give it the actual instruction that we're doing here, you're going to sound like everyone else and it's actually going to make your business look like white bread. It's going to look bland, right?
And so, this is the the this is the prompt that we want to paste inside of our prompt or inside of our Claude. "Write a professional company description for my LLC, so you're going to insert your name there. Explain what we do, who we serve, and why we're positioned for growth. That piece is important because it's a selling point. Make it funding ready for the bank, credit union, or an SBA lender to be able to approve it."
Now, this is going to be important because depending on what stage you're at in business, you may already qualify for some type of government-backed products that are SBA loans. We talk a lot about that here on this channel. But if you're not there just yet, then you can still use this prompt to go after some smaller products, maybe like a 40K line or a 50K line with a bank or a credit union.
Now, the cool thing about this is that it's agnostic. And so, whether you have your first $1 in business or $0 in business or maybe pre-revenue or if you are already generating three, four, five million dollars in business top line, the cool thing about this is that hopefully you've already figured out what you actually do. So, this is actually plug-and-play for you to be able to brain dump what your business actually does and the function of your business, but then it creates the layout as to how it actually needs to look, which is why we want to be able to customize our brackets specific to what we actually do in business.
And so, this is how it actually looks. Again, I've gone ahead and put an example of one of my businesses or in this case, an example of which is Irv Means Business LLC. If anyone has that name, take it for what it is, right? I think it's a pretty cool name. And if you do have it, then I'm using your name as an example. So, Irv Means Business LLC is it's a name that I spun up before making this video for us and it's a digital marketing and business consulting firm headquartered in Orlando, Florida, which is where I'm stationed. We help small business owners and entrepreneurs increase their revenue uh by building out their online presence and help them access business capital. Our core services and I won't go through all of this, but as as you can see, this was me kind of just like brain dumping specific to some of the services that we already offer, which is pretty cool.
So, one of the things that you can do inside of your business using this prompt is again, go back and forth with it using this prompt as guardrails because it's going to allow you to design an actual business descriptor that you can plug inside of your business plan that's going to help you obviously speak the language of the bank versus you just walking in.
If you're a business owner or real estate investor and you're looking to get structured properly so that you can get access to business capital predictably and sustainably, we'd love to connect with you. You can book a call with our team. It's free. That's linked down below so that we can see where you're at, where you're looking to go, and see how we can implement a simple funding system directly into your business. Let's continue on with the video and winging it.
The second type of prompt that we want to take advantage of is going to be the market analysis prompt. Now, this is going to show the banks why your market wins. Now, if you notice that the previous prompt that we did, that was more so describing our business. What we want to do now is we want to sell on our market or we want to sell on behalf of our market as to why they should actually partner with us. And by the way, you could do this not just with the bank. Like I want us to think beyond that. We can also do this when we are going after bigger proposals or when we are thinking of taking on contracts, projects, or bids, which is a really good place to be.
So, here's the copy of the prompt that we want to paste inside of our Claude. "Generate a market analysis for my business. Again, insert your industry. So, is it real estate? Is it construction? Is it consulting? Is it logistics? Is it travel? Highlight industry growth, competitor gaps, and why my company is a low-risk choice for capital. By the way, you can also swap that word funding out for why my company is a low-risk choice for this partnership. Why my company is a low-risk choice for this contract."
What this is going to do is this is going to build out the section of the plan that answers the question that every lender, potential partner, or any vendor or creditor is asking, "Why should we bet on your specific market when we have all of these different businesses that we could potentially partner with?" This is going to sell them on the idea of why your business is perceived as low-risk.
Check this out. So, here's a market analysis example. And again, this is based on the digital marketing {slash} consulting example that we're giving it for a company based out of Orlando, Florida. And so, it automatically did some research for me. And this is what we got. The US digital market uh the the US digital marketing services industry is valued at $89.3 billion and projected to grow 13.9% annually through 2028, driven by 33 million small businesses actively seeking affordable digital uh solutions. The Orlando metro market, so this is if we are looking to go more into a local niche, not just at a national level, has over 100,000 registered small businesses that remain underserved uh underserved by boutique full-service consulting firms. Large agencies prioritize enterprise clients, leaving a significant gap for a relationship-driven firms like again, my name in there, Irv Means Business LLC, our diversified revenue model across marketing.
And so, you can see how it's selling not just again on who we are, what we do, what we serve, but the opportunity that's inside of the marketplace, which is brilliant because it allows you to tap into not just the capital, but also into the potential contracts and bids, which is the whole purpose of what we're doing. And by the way, you can also utilize this if you're using this as a pitch deck to bring on additional customers or to bring on additional teammates to your team because there's two sales that happen. And this is like a side note, but I think that we should consider this. There's two sales that happen. The first sale that happens that a lot of people focus on is the day-to-day transactions, right? You bringing on another deal, you taking on another client, you bringing on another customer. Like that's cool. But then there is a second sale that typically happens, which is why I think that this is such a game-changer, which is you can use this tool to sell the person on why they should join your company or you can sell them on why they should partner with you and your business if they're more on the vendor side or on the partnership side. Because this is going to pull data and it's going to cross-reference not just that data in your metro area, but also data nationally. And then you can also segment it out, so this is obviously beyond the scope of this video, but you can also segment it out to create a full either pie graph for you or a full graph breaking down year-over-year growth or year-over-year expansion. So, this way you can again add this to your arsenal.
Next up is prompt number three, which gives banks the numbers they need to know or in this case, the numbers they want to know. Cuz here's the thing. If you don't actually have financials or if you at least don't understand your financials, if you're in the pre-revenue phase or if you're looking to spin up a new business, it's going to be really difficult for you to be able to sell them on the idea of wanting to do of of them wanting to do business with you.
And so, what do we have here? The next prompt that we have is going to be the financial projections prompt. And you can use this again, if you have already an existing business, you can use this to go back in and kind of clean up some of the operations that you have, which I'm constantly doing with clients that we have that are generating well over six and seven figures. But if you're looking to spin up a new business, which is really cool, you can also for that new business venture.
And so, here's how that looks. "Create a three-year financial projection for my LLC assuming and again, X in year one revenue, and you'll see what that looks like now here in a second once we plug this in, Y percentage for the growth each year, and Z percentage on operating expenses. Present in a table with revenue, expenses, and profit so that it is bank ready. Again, you can swap out the word bank so that it is partner ready, so that it is pitch deck ready."
Now, what this is going to do is this is going to produce a fully formatted, you're going to see it now, it's really cool, a fully formatted financial table that you can use to again, shop for bigger business lines of credit, shop for government-backed funding like SBA, or shop for some better contracts or even some vendor accounts that you're looking to tap into.
Now, here's the thing. Inflated projections aren't going to be your friend here. So, we want to be again, mindful of what your numbers are. So, if you have no idea, like if you haven't done that business before, that's where some of that deep research that we just did on the previous prompt is going to come in handy so you can at least get some real-world data as to what your line of work can typically generate and what goes into actually launching that business. But if you're like me and you already know your business numbers like the back of your hand, then at that point, it's just plug-and-play.
And so, this is what that looks like. And so again, for the purpose of the of the example, Irv Means Business LLC, we have revenue, which is the metric. So, year one is a quarter mil, year two is 500, and And year three is a mil. That's again, a top line projection. For the expenses, we have 162,005 for year one, 325 for year two, and then 650 for year three. This is what we're looking at in terms of profit. 87,500 for year one, 175 for year two, and then 350 for year three. And again, these are just numbers that we essentially created based off of what we're looking to do. So, year one a quarter mill, year two half a mill, and then year three a mill. For you, you could probably already be at a mill. For you, you may already be at if you're watching this video, $800,000 a month. You could already be at a $8 million business, $10 million business. Again, plug that in for what you're looking to do inside of your business. I lay this out for you because a lot of financial institutions, especially when you're looking to get capital at scale, we're talking about just beyond like the 0% business credit, stuff like that. Stuff is cool. I'm talking about the bigger lines, where each line is a is a hundred thousand, each line is a quarter mill, each line is half a million dollars. That's where you having something like this dialed in that you can actually uh present in tandem with your tax returns, or in tandem with your financials, or in tandem with your bank statements, and it does a lot of the heavy lifting for you.
Number four, which is the fourth and final prompt, it is the compliance and fundability prompt. The reason why this matters is because most plans actually miss this, and I notice this a lot, especially when we're trying to help a client get access to more of like an SBA product. So, if they're looking to buy a business, get into real estate, or do some type of equipment type of funding.
And so, here's what this looks like. "Write a section for my business plan that highlights compliance factors that banks look for. So, this is going to be your real business address, correct NAICS code, which is your industry classification, your EIN, your employer ID, which is essentially the social for your business, business bank account, and trade lines if you already have them."
Now, what this does is that it builds out a funding ability section, or in other words, a funding ready section, uh that shows the financial institution how the business is structurally compliant, which is important. the whole purpose here is to have us look presentable, and make us look funding ready, which creates more of an attraction to a financial institution, or to a partner that would otherwise what most people do, unfortunately, repel them from wanting to do business with us.
And here's how that looks laid out for us. Look at that. I'm not going to go through all of it, but I mean, just check this out. I'll read you the first piece, which is this is our business compliance and fundability. And Erve's Business LLC is a registered Florida LLC operating in And by the way, you can if you wanted to go more granular with this and say uh a registered Orlando, Florida LLC, you can do that as well, but Florida's fine. Uh from a verified commercial address in And then for that, I would recommend you can also use your address. So, if you have a virtual office address that's that's an actual legitimate virtual office address, not all that garbage that you see out there being sold. A legitimate virtual office address, or a a true physical location, you can put that on there. Company holds an active EIN. And again, you can use or put your EIN number in there as well. Is classified under There's a couple different NAICS codes that it gave me, which is I thought was pretty cool. Something else that you can also play around with if I'm just kind of like nitpicking this, is we can also include your SIC code. The reason why I like having an NAICS code is because it gives you the classification of the business at the bank level, which most banks are going to accept the NAICS code. But then secondly to that is we can also take a look at using an SIC classification, which is going to be a four-digit number, and that four-digit number can go right where you see that management consulting, it can go right there. Now, if you're wondering, Erve, what's the difference between the NAICS and the SIC? The difference is some banks and financial institutions are going to solely go off of the NAICS. Most of the business credit bureaus, especially when you're building business capital at scale, they're going to go off of the SIC. That's typically how that works. But again, you can have both on there. It just to me, this is really good, but taking it a step further, like if I were sitting down with the client, hey, taking this a step further, we have the prompt in place, this is what else we can add to really give it that oomph.
And one final thought on this, like whenever you're using a tool like Claude, this is why you actually want to know and understand your business, and you want to know the metrics of your business. And so, having this gives you, I say 80% if not 90% of the work is already done. The other 10% comes from you actually understanding the business, and you being able to plug and play what your business actually does, who you serve, and your numbers. So, this way it can give this business plan and your financials that lift that it actually needs.
Now, if you've tried to apply for business capital, and you still keep getting denied or approved for weak low limits, I made a full video breaking down how you can actually set yourself up to get access to additional capital. You can watch that video right here.