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.
   1. When you are on a program, vendors will report to both D & B® and Corporate Experian® to build your credit profiles.
   2. If your corporation or LLC is “fried” with D & B® call Nevada Corporate Planners, Inc. at 1-888-627-7007 to consider forming a new entity.
7. If you have been in business for at least 9 months and have at least $10K per month in VISA/MASTERCARD sales as a corporation or LLC you may qualify for a merchant account cash advance.
8. If your personal credit score is over 720, and your personal revolving debt is below 30% ratio and your company has been in business for one year with profits, you may qualify for a bank business line of credit. You may receive up to 10-15% of your annual gross revenue. If you expect your sales to spike in the next 6 months and you need  the time to improve your personal credit and pay down your personal credit you may want to wait before applying.
9. Set up your business each year to show a small profit at a minimum. The higher the profit the better for future financing. Do not make the effort to have extra expenses to show a small loss. That will hurt you later on for financing.

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.

Is this event for you?

The Ultimate Joint Venture Boot Camp is a ONE-TIME only event designed to explode your business!

Is your business struggling? Do you need more clients, more sales in your business? What approach will you choose? The most expensive approach; traditional advertising and marketing? ….

If money is tight for you, will you become another statistic? As you know 95% fail within 5 years! You can NOT afford for your marketing action NOT to work. Instead of doing the same old, same old that is NOT working…give yourself, your family and your future a real chance.

Learn a simple and most powerful form of leverage to grow your business, Joint Ventures (strategic alliances and host beneficiary relationships).

When is the last time you took three solid days to master one strategy? Especially one most important to grow your business when money is tight? A couple of years, five years ago, maybe never?

The definition of insanity? You know it! It’s doing the same thing over and over again and expecting different results! Step out of your comfort zone and make a decision to invest perhaps the most important three days of your business career at The Ultimate Joint Venture Bootcamp!

Master the highest form of leverage and also rejuvenate yourself and your business so you are not just another sad statistic in 2010!

• Ready for “VERY Advanced System for Joint Venture Training” – We are going where no one has gone before to give you the Joint Venture Blue Print;
• Open to implementing joint venture SYSTEMS…yes, SYSTEMS, for making big money (get ready to pay a lot in taxes in 2011!);
• Accustomed to earning six figures (or even seven figures), or very sincerely interested in doing whatever it takes to get to that level ASAP with less headaches;
• Aware of the New Financial World in which we currently operate, and what you must do differently to excel;
• Absent “conflicting financial beliefs” about generating huge profits for you and your business;
• Eager for “MAXIMUM speed,” changing and adapting, accelerating goal achievement.

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!

What are some of the other mistakes business owners make if they were going to do it themselves,
in regards to a business license, phone number, and some of those things that they don’t know about?

If you’re not listed in 411, then that business number is unverifiable.  A lot of people we deal
with say they don’t have to be listed in 411.  They don’t need that. If you’re not listed in 411.

Is your address on your business license is different than the address with the Secretary of
State, if your officers don’t match what they call the company representative and ask them who those officers are.

Sometimes if you don’t have a website, they’ll note that.

Business ownership, if they have more than one answer to a question come from either businesses,
a licensing department, state, company representative, or public information, a negative comment will be
put on that credit file.

There’s a number of things that people can do before they go to Dun and Bradstreet, to make sure that they’re in corporate compliance and a number of things that they can do not properly that will get a negative comment put on that file.

D & B Secret!

Even if You Have Been in Business for Six Years Your Company May Have NO Profile with D & B!
They’ve paid all their bills on time.  They still may not have any type of business credit file developed.

The main reason is that they have vendors that do NOT report their good payment activity to D & B. Most business owners think since they pay their bills on time that is enough and vendors report.

That is NOT what happens.

Think about it. All the vendors that own you money do you take the time, labor and effort to report to D & B? Probably not!

Now that you know more secrets, take the next step to see if you business will qualify for business credit (cash and vendor credit) and call Fast Business Credit at 1-888-313-6333 and together we can tailor-fit the perfect solutions for your situation.

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.

The new scoring model normalizes the distribution of companies across the Risk Classes. Therefore, a Risk Class score of “3” now represents a median risk assessment where “1″ was the median assessment with the previous score model.

As you can read, there is much more to a D & B score than just the Paydex score. In today’s financial world, the D & B profile on your company is a key component for banks to determine if they will lend you money, whether or not vendors will work with you and other important financial decisions.

Call Fast Business Credit at 1-888-313-6333 to receive a FREE CD (for a limited time) covering great detail on costly mistakes to avoid when building your business credit profile with D & B (and other important financing tips)!

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.

(Though in our recent meeting, SCORE expressed great excitement about our education program for small business owners and how banks lend money….)

Why is financing so crucial to small business success? The number one reason small business owners go out of business is lack of cash flow. There are many situations leading up to that failure, the main one being inadequate capitalization and access to additional capitalization — key access to cash.

What steps must you take to move your business up the business credit financial ladder™ in order to self finance your success?

Step 1: Incorporate your business from Week One. Do not wait to “see what happens,” thinking that in three months, when you have more money, you can incorporate (or form an LLC). This mistake may actually cost you access to additional capital to run your business. Why? Two words:  revolving debt.

When many people start a business, they primarily use their personal credit cards to finance the business.  Suppose you charge up your personal credit cards and your revolving debt (vs. installment debt, for example, the mortgage on your home).  You then incorporate or form an LLC for your business 3-6 months later, and apply for a simple business credit in the name of that entity.  It’s highly likely that you may be rejected, or be approved for a far lesser amount then you would have received had you incorporated in Week One.

The key is to keep your revolving debt below 30% and incorporate your business, apply for a business credit card, and start using that credit to finance your business. Yes, it is personally guaranteed… but the debt will not show up on your personal credit report (unless you miss a payment, so do not do that!). Now you’ve put your business in a position to get off to a fast start and you’ve protected your personal revolving debt, which is a key component in any other type of financing you do in the future!

Step 2: Set up a merchant account for your business. Very few businesses do not accept credit cards. They know that they must make it very, very easy for someone to do business with them. Why make it hard for your clients to buy from you?  This will come into play in about 6 months as an important lending source for your business, if necessary.

Step 3: Do you need equipment for your business? Consider an equipment lease vs. using your cash to purchase.

Step 4: Do you have vendors where larger credit lines would be helpful? This is usually not the case with home-based businesses or online businesses, where the overhead is very low. Usually a brick-and-mortar-type business requires vendor trade lines of credit with business supply stores, gas cards, and other vendors. Again, a $40,000 line of credit at a supply store is not going to help a home-based business. They need cash.  If this is the case, you will want to focus on a business credit program to develop your D & B and Experian Business Rating initially.

Step 5: Keep your revenues high, show a small profit each month if possible, control your personal spending, credit score (In other words don’t quit your day job before your business is up and running.)  Get yourself in a position 6 months to 1 year ahead of time for a business line of credit. If your personal credit score has issues, that should be addressed as you start the business in anticipation of future financing needs, 3-6 months from now.