Speaker 1: TD Bank is proud to sponsor our series, "Business Great and Small. TD Bank small business specialists go above and beyond, and visit businesses like yours to find out what you need to grow.
Speaker 2: While TD bank is the presenting sponsor of this content, the production and presentation of the segment is Cheddars.
Speaker 1: Starting in a business out of passion is easy because you're so connected to the final product, but what happens if you aren't that great at the business end of things? Well, David Hall, owner and president of Joshua's Catering shares his story about bringing food to life for his clients and how TD Bank helped along the way. Take a look.
David Hall: MUSIC For me the
David Hall: food's fairly simple and it always was.
David Hall: MUSIC.
David Hall: It feeds into the client,
David Hall: it actually goes right into the client's body literally.
David Hall: It makes them happy. MUSIC
Speaker 4: It's been enjoyable in that sense,
Speaker 4: being able to do that. MUSIC
David Hall: When I was about 30-31,
David Hall: and I went to culinary school, came out,
David Hall: and started to work for a few restaurants here and there,
David Hall: realized restaurants weren't my cup of tea,
David Hall: so I decided to start a little catering company.
David Hall: Fifty percent of our business is weddings,
David Hall: 25 percent is probably corporate business,
David Hall: and the other 25 is birthday parties,
David Hall: graduations, things- things of that sort.
David Hall: MUSIC Everything we make is from scratch.
David Hall: Um, right down to the stocks,
David Hall: and the soups, and everything.
David Hall: Catering allows us to be creative.
David Hall: It allows us to do different things
David Hall: and- and in that way we can enjoy what we do.
David Hall: I've been at many banks before,
David Hall: where every week you go in, it's different people.
David Hall: MUSIC What's wonderful about TD Bank,
David Hall: you walk into the bank,
David Hall: the same employees.
David Hall: MUSIC.
Ella Grigs: I met David several years ago.
Ella Grigs: He was looking for ways to
Ella Grigs: better manage his company's finances.
Ella Grigs: We knew that he was using his credit cards for, you know,
Ella Grigs: large amounts which impacted him,
Ella Grigs: and it impacted the business
Ella Grigs: because of the interest rates on the card.
David Hall: Personal cards. So, you know,
David Hall: when the credit bureau looks at my personal income,
David Hall: and they see that I'm spending $50,000
David Hall: on my American Express card in a month,
David Hall: it tends to affect my credit negatively. MUSIC.
Ella Grigs: So we decided that
Ella Grigs: a line of credit for him would
Ella Grigs: be the best option. MUSIC.
David Hall: It's allowed us to become more of
David Hall: a business and to grow more professional.
David Hall: In this business we're seasonal.
David Hall: There are a couple of months a year where there
David Hall: is absolutely no income whatsoever,
David Hall: I think if some banks take a look at that and say,
David Hall: See you have months with no income coming in,
David Hall: they- they freak out.
David Hall: But she took the time to understand
David Hall: our business and realized that there's months
David Hall: where we are dry and months where we are flush in cash.
David Hall: MUSIC.
Ella Grigs: It's extremely important to
Ella Grigs: understand where they came from,
Ella Grigs: and to understand their background.
David Hall: Their understanding of our business has
David Hall: allowed us to work
David Hall: together very well MUSIC.
David Hall: Two pieces of advice I would give a young entrepreneur,
David Hall: is to make sure you have a business plan,
David Hall: and make sure you have plenty of cash
David Hall: in the bank to keep yourself going for a while.
David Hall: Because no matter how great of an idea you have,
David Hall: it's going to take a year or two,
David Hall: for people to find you, for people to get to know you.
David Hall: I think it's very important to have a bank like TD,
David Hall: who supports you, who gets to know you,
David Hall: and who can feed into your passion,
David Hall: and to join your- your adventure,
David Hall: along with, you know, to support your business.
David Hall: It's been a very stable partner
David Hall: in our business MUSIC.
Speaker 2: TD Bank's small business specialists go above,
Speaker 2: and beyond to get to know you and your business needs,
Speaker 2: and you can find out how they can help
Speaker 2: you today at tdbank.com.
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