Business Loans and Cashflow Managment |Daniel Yerushalmi & Yaron Been

Join host Yaron Been as he interviews Daniel Yerushalmi, a diamond industry expert who ventured into the world of pawn shops. Daniel (CEO of P2M.AI) shares his journey, insights, and debunks misconceptions about the pawn industry, emphasizing the value of other people's money (OPM) and leveraging resources for business growth. Listeners will discover: Daniel's fascinating journey from diamond dealing to developing an app for pawnbrokers and ultimately helping them overcome working capital challenges. Two common misconceptions about working with OPM: fear of being perceived as debt-ridden and the belief that using your own money yields greater profits. How pawnbrokers address working capital limitations, including using OPM to free up their own capital for diversification, investments, and personal goals. The importance of LTV (Loan-to-Value) in the pawn industry and how it protects both pawnbrokers and clients. Valuable insights from the pawn industry that are applicable to other businesses, particularly those in e-commerce. The social impact of pawn shops, particularly in serving individuals with low or no credit scores, highlighting their importance in the American economy. This podcast will challenge your preconceived notions about pawn shops and equip you with valuable financial strategies for your own business growth. Links and Resources: Learn more about P2M.Ai