As business owners we always strive to make it as easy as possible for our customers to purchase our products or services. While extending a credit term by as little as 30 or 60 day is just like offering an unsecured loan it’s a credit risk most of us are willing to take. Discover what you should know before extending credit to your customers...
Continue reading...Tuesday, November 17, 2009
One of the biggest mistakes made by small business owners during the early stages of business credit building is applying for the wrong vendor accounts that grant instant business credit. Learn the important facts you should consider...
Continue reading...Thursday, August 13, 2009
Statistics show that over 65% off all small businesses use credit cards on a regular basis; but the problem is less than half of those credit cards are actually in the business name. The others continue to use the owner's personal credit cards for business transactions. Using your personal credit, also known as you're "Consumer Credit Profile," instead of establishing Business Credit is a bad idea on many fronts.
Continue reading...Tuesday, June 30, 2009
Entrepreneurs and small business owners who have a separate legal entity for their business have a unique opportunity that no other individual or sole proprietor has. It’s the opportunity to start business credit by establishing a business credit profile that is completely separate from a personal credit profile.
Continue reading...Monday, June 29, 2009
Once you have an entity structure and obtained a Dun & Bradstreet number now it’s time to start building your business credit profile. One of the biggest mistakes made by entrepreneurs attempting to build instant business credit is applying for numerous vendor accounts.
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Monday, December 28, 2009
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