Building business credit for startups

Today, Financial Literacy Advocate Valaise Smith is joining me.

Valaise specializes in educating small business owners on the ABC’s of finances: Accounting | Budgeting|Credit.

In this video, we’re going to focus on the “C” – Credit. Building business credit for startups. Business credit, net 30 accounts, credit reporting agencies, separating your personal finances from your business finances, and more.

Remember: Once you have your EIN, open a bank account in your business’ name, and establish a dedicated business phone line with a publicly listed number. When those details are in place, you should start building business credit. i.e. apply for credit or trade accounts with vendors using your business information. (example Uline, Grainger etc)

Listen to the end because Valaise shared a lot of valuable information for small business owners….especially if you’re just getting started.

Resources mentioned in today’s video:

Mike Michalowicz - Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine

Virtual Mailing Address
https://www.regus.com/en-us/virtual-offices

Top 3 business credit reporting agencies

https://www.equifax.com/business/business-credit-reports-small-business/

https://www.dnb.com/duns-number.html

https://smallbusiness.experian.com/

IRS EIN - https://www.irs.gov/businesses/small-businesses-self-employed/apply-for-an-employer-identification-number-ein-online

Website - How to retrieve a copy of your biz credit report
https://www.nav.com/business-credit-scores/

Connect with Valaise:

Instagram - @valaise_smith

Facebook
https://www.facebook.com/triedandtruefs/

LinkedIn
https://www.linkedin.com/company/28976273/admin/

Twitter
https://twitter.com/triedandtruefs

www.triedandtruefs.com

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I'm Sherry Lou and I create videos that provide information, tutorials, resources, and tools that help you create flexibility in your budget by increasing your GAP (income – expenses).

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D I S C L O S U R E

All of the financial information discussed in today's video is for illustrative purposes only. Please contact a professional for advice related to your individual circumstances.

I only recommend products that I have used myself. The opinions expressed in today’s video are my own.

This video and description contain affiliate links. If you decide to purchase any of the products, I will be paid a commission.

Видео Building business credit for startups канала Sherry Lou Miller