|
February 2008 - by Art Stanley
Why Business Credit Is A MUST For Every Business
Owner!
As an entrepreneur, you’re hardwired to enjoy a greater level
of risk than the average person. But do you enjoy the thrill of
business and investing so much that you’re willing to risk:
-
Being hounded by creditors? -Declaring bankruptcy? -Being
denied a mortgage? -Paying more than your fair share of
interest on your loans? -Losing your house?
If you answered “no” to one or more of these questions, this
may be the most important report you’ve read in a long time.
Because, if you’re like most entrepreneurs, investors, and
business owners I’ve met over the past 28 years, you’re in
danger of facing all of these horrific problems.
And it’s all because of your business.
You see, entrepreneurs typically make one or more financially
devastating mistakes when financing the launch, operation
and/or growth of their businesses. In most cases, they don’t
realize that they’re making a mistake.
And to tell the truth, even when they do realize they’re making
a mistake … they lull themselves into thinking that the
consequences will be a minor annoyance. Until, one day, they
can’t qualify for a mortgage. Or they can’t get the to-die-for
financing offered on the new car they’re buying. Or they’re
hounded by creditors and eventually have to declare
bankruptcy.
And it is all because they use their personal finances to fund
the launch or expansion of their business. They then use
personal credit cards to pay for business expenses. If you are
in business or thinking about starting a business, business
credit is a must.
Let me explain, most business owner have no idea that they can
establish business credit and even fewer know how to how to
establish business credit. If owners would take the time
necessary to educate themselves about establishing credit they
would no longer have to use their personal funds for start up
capital or working capital.
They would also be able to use business credit cards which
don’t report to their personal credit reports, therefore, not
lowering the personal credit scores. The most important goal of
business credit though is to obtain unsecured business lines of
credit, which can be done once the business credit profile is
set up properly. Once a business obtains unsecured business
lines of credit, they then have the working capital they need
to start a business or expand their business. The business
owner has check book control to use the business lines of
credit as they wish. And best of all, the business lines of
credit don’t report to the business owner’s personal credit
report.
If you have set up your business profile correctly there are a
number of banks that will lend to brand new start up business.
That is right, brand new start up business with no track record
whatsoever. The banks will extend unsecured business lines of
credit so they can have the start up capital they need to
finance the business of their dreams.
Make no mistake about it; business credit is a MUST for every
business owner. Don’t put your personal assets at risk finance
or fund your business!
|
www.redpepperpublishing.com offers the
internet's best collection of business and
personal self-help resources. Visit us at
www.redpepperpublishing.com.
|
Top of page
|
Source: http://www.redpepperpublishing.com
| 
