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 any of these questions, this may be the most important articles you’ve read in a long time.
Over the past 27 years I have met many entrepreneurs, investors, and business owners. Most were in danger of facing all the horrific problems listed above.
And it’s all because of their business.
When financing the launch, operation and/or growth of their businesses, many entrepreneurs make a financially devastating mistake.
In most cases, they don’t even realise they’re making a mistake.
And, even when they do realize they’re making a mistake, they lull themselves into a false sense of security; thinking the consequences will be nothing more than a minor annoyance.
Until, one day, they can’t qualify for a mortgage.
Or they can’t get the spectacular financing deal offered on the new car they’re buying.
Or they’re hounded by creditors and 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 owners have no idea they can establish business credit.
Even fewer know HOW to establish business credit.
As a business owner, take time to educate yourself about establishing credit. Then you would have no need to use your personal funds for start-up or working capital.
Once unsecured business credit has been established, you will be able to use business credit cards.
Business credit does not get reported to your personal credit record.
Nor does it impact your personal credit score. .
The most important goal of business credit is to gain access to unsecured business lines of credit. This is possible once the business credit profile is set up.
Once a business obtains unsecured business lines of credit, entrepreneurs have the working capital they need to start or expand their business.
The business owner has cheque book control to use the business lines of credit as they wish.
And best of all; the business lines of credit don’t get included in the business owner’s personal credit report.
If you have set up your business profile correctly, banks will lend to a brand new start up business.
That’s right, a brand new start-up business with no track record whatsoever can get unsecured business lines of credit.
Business owners can get 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!
