Having the access to the capital resources you need to start or grow your business is critical for business success. One of the funding strategies I recommend for every business is to establish your business credit platform so that you have ongoing access to business lines of credit. Your business is a separate entity and can (as well as should be) totally disassociated from your own personal credit. That means it’s not necessary to use your social security number to access business financing but people often do so, not understanding the alternative.
So, regardless of your personal credit situation, there is a specific process you can follow that will walk you into potentially hundreds of thousands of dollars in lines of credit that you may use to grow your business. I you want to start the process right now to access up to $100K, go to http://businesscreditspot.com and you’ll start seeing results within days.
Here are facts you should know and ways to get started in establishing your own business credit:
1. Regardless of what you’ve heard, “business credit” has not gone away for businesses. While the guidelines for individual financing may seem to be more stringent, there are still plenty of financial resources for businesses if you know where to look. The stimulus money authorized by Obama’s administration is still available using this process.
2. Best time to start is now. The more time you have to “germinate” the process, the more success you will have so start it as soon as you incorporate or when you don’t even need the money. It will always be there for you.
3. The process is easy to follow IF you know the process. Years ago I attempted to do this process on my own and unbeknownst to me, made several simple reporting errors that caused me to get denied a couple of times. Either spend a bit of time educating yourself on the entire process OR simply work with someone who knows the exact next steps.
4. Your business credit is built on a Paydex score, not a FICO score. In business credit we use a Tax ID number to apply for a DUNS number which starts the reporting process, NOT your Social Security number. It’s a totally different reporting system but if you haven’t started the process, there won’t be anything for the lending institutions to look at. A perfect Paydex score is 100.
5. Start with trade lines who report your DUNS number. Best way to ensure success is to start with a few small trade lines of credit that you know report your credit status thus naturally building your Paydex score. This takes just a few days to complete. At BusinessCreditSpot.com, we share no less than 10 resources for you to quickly establish credit trade lines.
6. Establish several unsecured lines of credit starting at $5000-$10,000. From trade lines you’ll quickly move into credit lines and now the money is flowing. It will be much easier to quickly step into larger lines of credit from there.
7. This is not “expensive” money. Business lines of credit generally have very low interest rates, generous terms and do not require you giving away equity in your company. Also, they are unsecured and uncollateralized for the most part which means you’re not required to put any of your tangible assets into the mix.
8. Having a solid business credit platform will help you attract more lucrative resources. Being able to show a positive credit status may help you attract SBA funding, private investors, larger contracts and strategic alliance partners.
Friday, September 24, 2010
Tuesday, September 7, 2010
Manifesting Made Easy In Your Business
For many, many years I had programmed that getting ahead was associated with hard work. Every success I had early on in my career---and I’ve had many--- were often as a result of long hours and personal sacrifice. Fast forward to 12 years ago when I started becoming more conscious to Universal Wisdom and the notion that we literally create our own reality. The more responsible and accepting you become with that knowledge, rather then blaming or relying on outside influences, the easier life becomes. Most of the world was introduced to Law of Attraction through The Secret movie but it goes so far beyond that.
My claim to fame is in applying Universal Wisdom with real-world business strategy for accelerated results. I’ve created my own formula for success over the years and is ingrained in the work I do with clients. My goal with people is to align thoughts, circumstances, and inspired actions in such a way that you literally feel like you’re floating on a moving sidewalk towards your desired results rather then climbing up a steep hill. Can you FEEL the distinctions in this analogy? That’s what the shift feels like in business. Does my formula involve physical work? Absolutely but the experience overall is more joyful, inspired and abundant on many levels. The choice is yours of course. Here are some of pearls that stand out from my manifestation formula:
1.Get clarity on what you want first. Very simple concept but many people have trouble actually articulating what they want because they’re so accustomed to living by default. Suspend “the how will it happen”, or what it’s going to cost, or how long you think it would take. Define, in a perfect world, what you’d like to create in your business
2.Never use money as an end result. Money is a resource, it’s an energy in your business. So focus on something that evokes more emotion. Get into the feeling of what success would be like. Could be what you would accomplish with the money, who will be served, and so forth.
3. Commit to having what you want. Make a no matter what decision to having the success you desire and expect it to happen. Decide up front what’s negotiable and what’s not and then commit.
4. Schedule time for meditation and processing. The key is to allow solutions, people and resources to show up in your life without you having to work too hard at finding them. In order to do that, you’ll want to slow down or better yet--STOP--each day to express gratitude for what you have and set your intention on what’s to come. Situations will progress more smoothly for you as a result of this.
5.Be more compassionate with yourself. Self-judgment will always slow down this process. Infuse more positive, kinder language into your vocabulary. Using language like failure, bad, or stupid to describe something you’ve done only reinforces the negative. Learn to be as tolerant with yourself as you would with a 3 year old.
6.Seek out a model of what success looks like for you. Some people create vision boards but I recommend finding a business, a person or a situation that most closely represents what you’d like to achieve and learn as much as you can about that business or person.
7.Take inspired action. Don’t try to do everything at once. Organize your "chaos" and learn to work on just a few priority items at a time and you’ll notice you’re actually having bigger results. Continuous multi-tasking does not necessarily produce positive outcomes!
8. Never go at it alone. Constantly reflect on “what talent would best serve me now” and expect the most perfect people to show up. Allow others into your world to help you pick up the slack or lend their expertise. Ask, receive, ask, receive. Practice it, become accustomed to it and watch your results skyrocket.
My claim to fame is in applying Universal Wisdom with real-world business strategy for accelerated results. I’ve created my own formula for success over the years and is ingrained in the work I do with clients. My goal with people is to align thoughts, circumstances, and inspired actions in such a way that you literally feel like you’re floating on a moving sidewalk towards your desired results rather then climbing up a steep hill. Can you FEEL the distinctions in this analogy? That’s what the shift feels like in business. Does my formula involve physical work? Absolutely but the experience overall is more joyful, inspired and abundant on many levels. The choice is yours of course. Here are some of pearls that stand out from my manifestation formula:
1.Get clarity on what you want first. Very simple concept but many people have trouble actually articulating what they want because they’re so accustomed to living by default. Suspend “the how will it happen”, or what it’s going to cost, or how long you think it would take. Define, in a perfect world, what you’d like to create in your business
2.Never use money as an end result. Money is a resource, it’s an energy in your business. So focus on something that evokes more emotion. Get into the feeling of what success would be like. Could be what you would accomplish with the money, who will be served, and so forth.
3. Commit to having what you want. Make a no matter what decision to having the success you desire and expect it to happen. Decide up front what’s negotiable and what’s not and then commit.
4. Schedule time for meditation and processing. The key is to allow solutions, people and resources to show up in your life without you having to work too hard at finding them. In order to do that, you’ll want to slow down or better yet--STOP--each day to express gratitude for what you have and set your intention on what’s to come. Situations will progress more smoothly for you as a result of this.
5.Be more compassionate with yourself. Self-judgment will always slow down this process. Infuse more positive, kinder language into your vocabulary. Using language like failure, bad, or stupid to describe something you’ve done only reinforces the negative. Learn to be as tolerant with yourself as you would with a 3 year old.
6.Seek out a model of what success looks like for you. Some people create vision boards but I recommend finding a business, a person or a situation that most closely represents what you’d like to achieve and learn as much as you can about that business or person.
7.Take inspired action. Don’t try to do everything at once. Organize your "chaos" and learn to work on just a few priority items at a time and you’ll notice you’re actually having bigger results. Continuous multi-tasking does not necessarily produce positive outcomes!
8. Never go at it alone. Constantly reflect on “what talent would best serve me now” and expect the most perfect people to show up. Allow others into your world to help you pick up the slack or lend their expertise. Ask, receive, ask, receive. Practice it, become accustomed to it and watch your results skyrocket.
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