There’s an unfortunate lack of useful information available on how to finance your business, especially when it comes to building business credit that will allow you to finance, operate and expand… without putting your personal finances, or your family’s very future, in jeopardy.
I use that method to this day. If your prospects and customers see you as a knowledge base, they will come to you every time they need something. The integrity and trust you build will put you over the top with your competition. Do I still send cards with all the technology available? I do and here’s why: Sending email has become commonplace and you take a chance if your email will even be read. So, when I want to thank someone for taking the time to meet with me, thanks for the business, birthday wishes, etc – I always send a card. People enjoy receiving cards and appreciate the time it took to write it out and mail it. I also find that customers will hold on to the cards and show their co-workers.
A. Time. Be sure they have the time to devote to the business. Besides the time necessary to grow their team and lead by examples, they will need extra time to devote to the new leadership aspect of their business.
Well, there is really no short way to build business credit. However, if you follow these simple steps you can be on your way. But first let me explain something to you. Virendra D Mhaiskar credit is very important for you personally as well as for your business and here are a few reasons. One, you protect yourself from being personally liable for the repayment of business dept, second, you can have access to cash or products for sustaining or expanding your business and third, it will increase the value of your business if and when you decide to sell it. Now, back to building your business credit. The first step you must take is to set your company up as an entity. Either a LLC or Corporation.
Take the time to have a conversation with them regarding these items before you tell them you are considering them to be part of your KEY leadership team. Hopefully any leader has a heart for the “underdog,” but don’t let your compassion cloud your vision in selecting a Key Leader. You can “fudge” on some of these when you are recruiting a distributor, but you are doing a disservice to the person, yourself, and the other leaders, if you overlook any of these 3 items in selecting a KEY leader.
To be a truly effective communicator you have to become a skilled listener and translator of body language. Just listening isn’t enough. You have to become adept at judging the emotional state of the other person to understand context of what is being said. When it’s your turn to talk remember that the other person is consciously or subconsciously watching your body language as well. If all your communications are honest, then your body will naturally respond to your emotions.
Without a strong business rating, your bank will use your personal credit only. If you get approved, you’ll have in this example an interest rate of 18%. With a Dun & Bradstreet report you can lower your rate to perhaps 10% and you don’t have to guarantee the loan with your personal assets.