1. Incorporate or form an LLC for your business! If you have not done this yet, call Nevada Corporate Planners, Inc. at 1-888-627-7007!
2. Stop using your personal credit cards to finance your business.
3. After you form your LLC or corporation for your business, apply for a business credit card in the name of the LLLC or corporation.
4. Set up a plan to pay down your personal revolving debt to the 5-20% range. Fist, develop a 8 month personal emergency fund.  If you require $6K per month to live personally that means you will need $48K in savings first for your personal emergency fund. After that, start to pay down your personal credit cards. Do not pay them off each month. You will improve your credit score by leaving a small balance of 5% each month.
5. Set up a merchant account to accept credit cards for your business. For the best rates and service contact Nevada Corporate Planners, Inc. at 1-888-627-7007 for a referral.
6. Develop a D & B® profile for the LLC or Corporation. We would recommend you do not do this on your and contact Nevada Corporate Planners, Inc. at 1-888-627-7007 for options in this area. Continue reading →

Join me and my team of trainers and coaches for three business life-changing days in Las Vegas as we mentor you in the most powerful marketing strategy to put massive profits in your business.

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I’ve seen made by hopeful, yet sadly uninformed individuals over the years.

Here are a few more secrets to give you the ability to avoid common mistakes.  When it comes to developing business credit you need every secret you can get.

Avoid Costly Mistakes when Developing Business Credit!

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D&B has updated Financial Stress Score (FSS) and Supplier Evaluation Score (SER) will be available in all D&B information delivery systems. The updated FSS and SER scores now use additional elements to predict the likelihood of business failure or default, making it 26% more predictive than the previous Financial Stress Score model.

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How does your business get money (without an investor)?

Most small businesses are self financed. According to SCORE (Counselors to America’s Small Businesses) there are two groups of businesses that are looking for financing: start-up business owners, and business owners that have been in business for on average three years. SCORE and SBA (Small Business Administration) focus on helping the second group. Unfortunately, there is very little help for the first group… until now.

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