As the cold weather sets in for an extended stay, I can’t help but daydream a bit about warm sunny climates and the green oasis of the golf course – doing business of course!


What is it about the sport of Golf that attracts the CEO’s, executives, and society elites?


Yeah, in case your doubting me, 90% of Fortune 500 CEO’s play golf!


“Golf provides a unique opportunity to bond with individuals for a significant amount of time in a peaceful serene surrounding,” says Accounting professor Bill Walsh. “If you have lunch with someone, that might be for an hour or so. In golf, you get to know the person much better since you’re battling the course together. In an age of teleconferencing, golf may be one of the last venues where you can maintain that personal contact.”


Playing golf together can also give a better insight into your partners business methods. In a survey of business professionals, 50% agree that the way a person plays, is very similar to how he or she conducts business.


Some CEO’s however do get too caught up in the game. Research consistently link CEO’s who play a lot of golf and those who run companies that underperform.


As with everything in life… moderation is key.


Happy Tuesday & Happy Selling!


Playing Golf or Closing Deals?

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Banquest in AMI Magazine

When I founded Banquest Payment Systems, I was driven by one goal: to help my clients be more successful. Everything we do at Banquest is with that goal in mind. If there is anything we can do to help a client add more to their bottom line, it is top priority. Making money takes second place.


As you may have already seen, Banquest has started a new weekly column in the most read Jewish weekly Magazine in the world – Ami Magazine – featuring one of our premiere clients. Each week we run a full page article, at our expense, which highlights one of our clients in a unique question and answer format. We have received overwhelming positive feedback and our past featured clients have seen a tremendous increase in business too!


Here is an actual recent article we ran featuring Centers Urgent Care – a Banquest client serving the Tri-State area with Urgent Care facilities:

Banquest in AMI 2

If you would like to have your business featured please contact Shoshi Miller at


Please note: there is very limited availability and priority will be given based on specific qualifying criteria.

Get Featured in Ami Magazine!!!

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If your business is seeking a short term cash infusion, a merchant cash advance may be the answer.


A merchant cash advance is an advancement of funds based on future credit card processing. For example; a business that processes $35,000 per month in credit card transactions would be able to obtain $50,000 in upfront funds deposited into their account. Going forward, a small percentage of each credit card transaction would go towards paying off the balance. Within a few months, the loan is paid without the business owner having to pay a lump sum at once.


Cash advance rates are not cheap. Rates can vary from 1% to 5% per month. However, for some business owners this is the smarter and better option.


Some businesses have a “buying season.” Buying strong and in quantity can make all the difference as to whether the season will be profitable or not. A short term cash advance (from buying season until selling season) will enable the business to buy smarter and yield a larger profit for that year.


A business may need to renovate or invest in capital improvements. A run-down retail store is not an inviting environment for customers. A 6 to 12 month cash advance would allow the business to stay alive and make the necessary improvements.


A business owner with an urgent need for cash may resort to finding an investor or partner thus giving up equity in his business forever. On the other hand, a merchant cash advance – as costly as it may be – is a short term ‘partner’. After 6 to 12 months the advance is paid and the business owner retains 100% equity in his company.


To find out more about our merchant cash advance program or if you know a business owner who may benefit from such a program, please email us at


Happy Tuesday & Happy Selling!



cats ice creamA recent example would be Bella’s Pizzeria in Caldwell, NJ. For years, customers have been asking for ice cream. Bella’s did not have an ice cream machine. The owners simply could not afford to spend $28,000 to purchase the machine. The owners estimated the profits from selling ice cream would be $50,000 per year. With Banquest’s Merchant Cash Advance they were able to purchase the ice cream machine and still make a profit the first year.

Banquest Business Funding

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My brother was sitting at the gate waiting to board the plane. He would be travelling overseas to study for the next six months. As his “big” brother he asked me for some ‘words of wisdom’ that can help him make the most of his time abroad.


I gave him the following challenge:

meet someone new quote

A man by the name of Steinar Skipsnes took on a New Year’s Resolution in 2016 to meet someone new every day of the year. I invite you to read about his full experience here.


Since reading about his experience I have urged my salespeople to take on the challenge – at least for 30 days.


Here’s why (and I quote from Steinar):


“At the beginning of the year, before approaching someone, my heart would start pounding and I’d have this internal dialogue of, “I don’t want to do this… this is uncomfortable… how’s this going to play out?”


But I was committed. I was determined to push through any fear to see what could happen.


Lesson learned: The fear of rejection is way overrated.


Fearing a lion makes sense. Fearing a situation that you could face rejection in doesn’t, yet so many of us do.




We care too much about our egos. We care too much about what people think of us (people we’ll never see again!). It’s ridiculous and irrational, but it’s reality.


The fear of rejection does nothing but limit us. It does nothing but put self imposed handcuffs on us that impact our decisions and limit our potential, when there is nothing but upside. It’s all about perspective.


For example, if you ask someone something and they say “no,” then great, that just gave you an experience interacting with someone that you can adjust in the future for a better outcome. It gave you an experience that, compiled with others, will help you overcome any negative feeling that you now feel from rejection. If the person says, “yes” — fantastic, a door is open to something you’d never have otherwise experienced.


After this sunk in for me, approaching people became a completely different world. The nervousness fell away, and I no longer felt a sting of rejection when someone said “no” or walked away.”


To really discover your full potential, you have to accept rejection, not fear it, but learn from it. To get comfortable with it, you have to dive in head first and experience it because like a virtuous circle, the more you experience it, the more it loses its power, and the more it loses its power, the more free you become to accomplish whatever it is you want.


If you remember nothing else from reading my blogs, please remember this. It will change your life.


Happy Tuesday & Happy Selling!


Meet Someone New Every Day!

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