Day: October 24, 2020

New comment by nerandell in "Ask HN: Who is hiring? (October 2020)"

Amazon | Engineers | London, UK | On Site (Remote during COVID 19) | Full-time | VISA Sponsored | https://www.amazon.com

Amazon Alexa Shopping team is hiring Software Development Engineers to be based in London. Our vision is to redefine the future of shopping by transforming the way our customers browse, find and buy from Amazon using Alexa.

If you are interested in being considered or if you have any questions, email me: (achandaw amazon (dot) com)

The post New comment by nerandell in “Ask HN: Who is hiring? (October 2020)” appeared first on ROI Credit Builders.

Mr. Biden Will 'Transition' You Now

He won’t ban fracking. He’ll merely strangle it with regulation.

How to Create Your First Website Like a Pro

Disclosure: This content is reader-supported, which means if you click on some of our links that we may earn a commission.

You’ve decided to create your first website—great! I’m going to teach you to set up your site like you’ve done this thousands of times before.

What You Should Know About Starting a Website

In order to get your website online, you will need a domain name and a web host

  • A domain name is where people access your website. For QuickSprout, that would be www.quicksprout.com (also called a URL, the technical component of a domain name).
  • A web host is a business that you pay to provide storage for all of your crucial website data.

Bluehost allows you to buy and register both a domain name and hosting plan. 

What If I Want a Free Website?

You can start for free at WordPress.com.

To use the free plan, you will not need to register a domain name or choose a web hosting provider since your website will automatically be generated as a sub-domain of WordPress.com. For example, if you wanted to start a blog about vintage teacups, your URL could be www.vintageteacups.wordpress.com.

If you’re in this for the long haul, keep in mind that your audience will be much more likely to trust your brand if you own your domain name (i.e. www.vintageteacups.com). Investing in domain registration and hosting is the first step towards growing an independent business.

A Step-by-Step Guide to Creating Your First Website

Ready to get started? These 8 steps will walk you seamlessly through the process from sign-up to beginner content building so you won’t have to worry you’ve left anything out.

Step 1: Consider your website goals 

Do you intend your website to be a portfolio of your work? A niche blog? An eCommerce site? You can do all of this and more via WordPress, which opens up the world wide web of possibility with its full-powered CMS.

How do you want to be known by your audience? That’s your business name. 

And how do you want them to reach you? That’s your domain name. 

Since your domain name will be a major face of your business, you’ll want to put some good thought into it. 

A strong domain name serves your business goals by referencing your product or service. It should be catchy, memorable, and easy to type. Try for shorter rather than longer names where possible.

How can you come up with the right name?

Let’s take the two businesses we’re working with in this guide as an example. 

WordPress is short, iconic, and evokes images of text (“word”) and potentially a printing press (“press”). It’s clear that their business model is based on sharing content. 

Similarly, Bluehost includes the word “host,” suggesting they are a web host provider. The combination of “blue” and “host” is simple and catchy. 

Both names are highly brandable and easy to remember.

Step 2: Choose your Bluehost plan

The benefit of hosting on Bluehost rather than just WordPress.com is that Bluehost takes care of your site’s security, speed, performance, and updates for you.

We recommend shared WordPress hosting, which gives you access to a server specifically attuned to the WordPress software package. This means that safety, security, and speed are all built in—put another way, managed for you. 

To choose a plan, go to Bluehost’s pricing page. You’ll see this:

Bluehost offers four hosting plans: Basic, Plus, Choice Plus, and Pro. At every tier, the plans include a free SSL certificate (adding an extra layer of security to your site), unlimited bandwidth, and plenty of storage. For most sites, the performance of the hosting will be more than good enough. 

Select the plan and that’s right for your budget. You can always upgrade later.

Step 3: Register your domain name

After selecting a plan, you’ll be prompted to register your domain name. 

If you already own a domain name, enter it on the right. You may need to change your DNS records to make sure your domain name servers point to Bluehost, allowing people to access your website. 

If you are registering your domain name with Bluehost, enter it on the left. Domain registration is free for one year with a managed WordPress hosting account. Always be sure to note when your domain must be renewed so it doesn’t expire without your notice, leaving your website inaccessible. 

You’ll be asked to fill in personal information before finalizing your purchase. 

Be sure to choose a strong password for your Bluehost account (preferably not the same one you use to log into any other site). You’ll then be ready to install WordPress.

Step 4: Install WordPress with one click

Connecting Bluehost with WordPress is incredibly easy. In your Bluehost account control panel, navigate to “MOJO Marketplace” and choose “One-Click Installs.” 

This will bring you to the Scripts and Platforms page. After you click the WordPress icon—found under “Blogs” at the top of the page—an installation window will open. Click “Start” to begin installation.

  • Choose the domain name on your account where you want to install.
  • In “Check Domain,” you’ll make sure your domain name is pointing to your account. This is especially important if you bought your domain name before signing up for Bluehost. If you get a warning that you are overwriting files, you can check the box without worry—since this is your first website, there’s nothing to overwrite. 
  • In “Show Advanced Options,” you can choose your WordPress username along with a strong password—or log in if you already have a WordPress account. Check “Automatically create a new database for this installation.” 
  • Read the terms and conditions and check the box.
  • Almost there! Click “Install Now.”

You’ll now be taken to the progress page. After installation is complete, you will see your site URL, admin login URL, your username and password. Print and store this master list in a safe place.

Time to log in to WordPress! Log in at your admin URL and you’ll find yourself at the Dashboard, where you can begin on the visual design for your site.

Step 5: Try on some themes for size

Also called “skins,” your site theme is like an outfit for your website. The theme you choose will affect your site visuals, content layout, and some of the customizable design features you have access to. 

WordPress has a number of both free and premium (paid) themes.

When choosing a theme, pay special attention to:

  • Good design: Is the design clean and organized? Is it responsive to optimize for the roughly 50% of people who prefer mobile viewing? How easy is it to navigate?
  • Compatibility: Is the theme compatible with the latest version of WordPress and with popular plugins?
  • Back-end: Is there active development on the design? How easy is it to access support and documentation? 

Most themes allow you to try a Live Demo so you can see how it will look and compare its appearance to your design and content goals for the site.

When you’re ready, click “Activate theme” to install. You can always add plugins for additional functionalities or switch themes when you are better accustomed to WordPress.

Step 6: Add some helpful plugins

If your website theme is like a “skin” or outfit that gives the website substance, design, and form, your plugins are the accessories that pull the outfit together. 

Plugins work alongside your theme to provide desirable functionalities, like a comment filter, contact form, or search engine optimization (SEO) toolbox, and are built to work seamlessly with WordPress’s back-end operations. While some are best-suited to a particular type of site, like eCommerce or blog, many are all-purpose. Plugins can be free or paid.

In most cases, you will need a WordPress Business plan or higher to use plugins. Aspects of Jetpack and Akismet (see below) are included with your blog.

Popular plugins:

  • Jetpack: This integral plugin enhances your site security, performance, marketing, and design capacity. Site speed, image serving, and SEO are just a few things it can help you with. 
  • Akismet:  A “spam-fighting service” that protects your posts, trackbacks, and messages from spam.
  • All-in-One SEO pack or Yoast SEO: These SEO plugins help you optimize your site to be found organically in search results when people search for similar products, services, or content.
  • WP Forms or Ninja Forms: You can use either of these plugins to build professional contact forms within minutes, without any coding experience required. 

Be sure to vet your plugins before installing: A large number of positive user reviews alongside information about the developer, functionalities, and latest release date can all help you make the best decisions for your site. 

Step 7: Begin building your site content

On WordPress, there are two meaningful distinctions when it comes to organizing your site content, pages and posts.

  • Pages make up the main framework of your website, and generally appear in the navigation bar for easy access. There are a number of essential pages you’ll want to add, including your Homepage, About page, and Contact page.
  • Posts are individual pieces of content, each with a unique URL, that make up a blog. Many people choose to make their blog a central focus of their website, but you don’t have to. Many businesses keep blogs as a tool in their content marketing toolbox, and WordPress makes it possible to designate as a secondary page (see Step 8).

When you start adding content to your website, it may be helpful to get inspiration from existing websites, both those where you spend a lot of time and sites that have a similar function to yours. Ask yourself:

  • How is the content of these websites organized? 
  • What are the major pages? 
  • How prominent is the blog? 
  • Does the site include subpages, and what are they? 
  • Where is the contact form located? 
  • How do they use media to create an engaging experience?

Here’s how to create your first page (ideally, the homepage):

After creating the essential pages, consider your website’s functionality from the point of view of your future site visitors. Although it may be tough in the beginning to put yourself in their shoes, successful site content is laser-focused on the audience. Ask yourself: 

  • What will my visitors want to do on my site? What will be less useful to them?
  • How can I structure my pages, content, and media to create a positive User Experience (UX)?
  • How can I set up site navigation so that important information and features are easy to find?
  • What information do my visitors need to understand my offering?
  • What information do my visitors need to trust me? 

Don’t feel pressure to include all possible content at once; less is often more for a new website. Your site will likely change over time based on your evolving business model as well as the needs of your audience. You can always add more content as you go. 

Additional pages

On the one hand, the beauty of website creation is that your site design is completely up to you. Depending on the purpose of your website, however, you may be required by law to include certain content, like:

  • Contact details
  • Cookie handling
  • eCommerce: terms of service, refund policy, privacy policy

Be sure to check the relevant law in your area and update your website regularly.

Step 8: Finalize your homepage and navigation

Do you want your homepage to appear as a traditional homepage or a blog?

WordPress allows you to choose whether you want a static (unchanging) or dynamic homepage (shows your ten latest blogs). The dynamic version is the default.

To designate a static homepage, find the “Site” category in the left-hand sidebar and click “Pages,” then “Add new page.” You can choose a premade layout or click “Use Blank Layout,” as in the photo just above. Then name your page and click “Publish.” For example:

Now, navigate to the “Design” category in the left-hand sidebar of your Dashboard and click “Customize.” 

There are many things for you to play around with here, including adding your Site Title, Tagline, and Icon, adding a header or footer, and changing the site colors. For now, click on “Homepage Settings” and toggle the option for “A static page.” Beneath, you can choose the page you just created.

It’s time to start adding content to your homepage!

Once you add more pages, like About or Contact, they will show up as part of a navigation bar that is designated by your theme. In “Customize,” click on “Menus” to change the page order and location. 

What’s Next?

You’ve just created your first website. Congratulations on this exciting new step!

Now you can start familiarizing yourself with the WordPress interface. While creating Pages and Posts, you’ll be using the Block Editor, which uses Gutenberg blocks to help you add content and make your site engaging and interactive.

Since your website is a representation of your brand, I recommend building your content with a critical eye. At the same time, learning as you go is part of the experience. You can always delete or click the back button—no change is permanent, so feel free to play around.

The post How to Create Your First Website Like a Pro appeared first on Neil Patel.

Top 10 Clemson Tigers Podcasts You Must Follow in 2020

Top 10 Clemson Tigers Podcasts Contents [show] ⋅About this list & ranking Clemson Tigers Podcasts All Into Clemson Football Podcast Locked On Clemson Rob And Comrade Show Clemson Sports Talk The Clemson Dubcast Clemson Pawcast Sons Of Clemson The Tajh Boyd Podcast Submit Blog Do you want more traffic, leads, and sales? Submit your blog below if […]

The post Top 10 Clemson Tigers Podcasts You Must Follow in 2020 appeared first on Feedspot Blog.

Top 5 Auburn Tigers Podcasts You Must Follow in 2020

Top 5 Auburn Tigers Podcasts Contents [show] ⋅About this list & ranking Auburn Tigers Podcasts Locked On Auburn College and Magnolia | For Auburn Tigers fans The Auburn Undercover Podcast AU Wishbone | Auburn Football Submit Blog Do you want more traffic, leads, and sales? Submit your blog below if you want to grow your traffic and […]

The post Top 5 Auburn Tigers Podcasts You Must Follow in 2020 appeared first on Feedspot Blog.

5 Companies that Build Business Credit

Building business credit is not hard, if you know what you are doing.  It doesn’t happen without some intentional action on your part.  You need to know how to set up your business, and then you need to do business with companies that build business credit. 

How to Use Companies that Build Business Credit to Your Advantage 

It can seem almost impossible to get business without business credit.  They cannot get approved for accounts because they do have business credit.  But they do not have business credit because they do not have accounts reporting positive payment history. 

What do you think of when you hear about companies that help build business credit?  Probably  not what they actually are.  These are companies that will offer net terms on invoices without a credit check. Then they will report your payments on those invoices to business credit reporting agencies.  Of course, they have to reduce risk in other ways since there is no credit check.  They may require a minimum order, a certain amount of pre orders, a minimum amount of time in business, or any number of things. 
Companies that Build Business Credit

Check out our best webinar with its trustworthy list of seven vendors to help you build business credit. 

Why Business Credit?

What is business credit, and why do you need it?  Many business owners ask themselves this very question, especially if they have good personal credit.   They think they can get all the business funding they need with their personal credit, and fail to understand the need for business credit.  

The thing is, you need your personal credit for personal things, like buying a house and a car.  Generally, business expenses are much higher than personal ones.  They can eat up personal credit limits in a heartbeat.  This means your balances are always hovering at your limit, even if you make payments like you should.

With personal credit, this means your debt-to-credit ratio is always high, which knocks your personal credit score down.  Then, not only do you not have the open credit you need to handle your personal finances, you also ruin your personal credit score.  That crushes your chances of additional personal credit, and reduces your ability to grow our business in the future. 

The solution is business credit.  That is credit in the name of your business that is not attached to your personal credit report at all.  Typically, business credit limits are much higher.  This means you do not run as much risk of maxing out.  Also, the debt-to-credit ratio does not affect business credit the same way it does personal credit.  Even if you do max out business credit, your score will not be affected.  Your business credit score is much more reliant on making consistent, on-time payments. 

More Differences Between Business Credit and Personal Credit

Business credit is vastly different from personal credit.  They are affected differently by late payments, amounts reported, balances, and even inquiries.  

Of course, both are affected greatly by late payments.  However, business credit is affected much more quickly. Late payments are not typically reported to your personal credit report until they are 30 days late.  Late payments on business credit accounts hit your business credit report when they are as little as one day late.

Here is the biggest difference though.  With personal credit, almost every account reports to the credit reporting agencies.  In contrast, only about 7% of business credit accounts report to business credit reporting agencies.  This means you have to be intentional to get accounts reporting to business credit. 

Start by setting up your business as a separate entity from you as the owner.  Then, work with companies that build business credit.  

Companies that Build Business Credit: Set Up Your Business to Be Fundable

If your business is set up properly, you are very likely to meet most of the requirements set forth by companies that build business credit.  other than minimum time in business or minimum revenues.  These things, of course, are a function of being in business for enough time.  

How do you set up your business to build business credit and be fundable so you can take full advantage of companies that build business credit? 

There are a number of steps you need to take to ensure your business is set up in the best way to build both fundability and business credit

Get Separate Contact Information

Your business needs it’s own business phone number and fax number.  You can get both pretty easily that will work over the internet instead of phone lines.  In addition, the phone number will forward to any phone you want it too so you can simply use your personal cell phone or landline if you want.  Whenever someone calls your business number it will ring straight to you. 

Faxes can be sent to an online fax service, if anyone ever happens to actually fax you.  This part may seem outdated, but it does help your business appear legitimate to lenders. 

You also need a separate business address. You can use a virtual office to accomplish this, even if your business is run out of your home. This is a business that offers a physical address for a fee, and sometimes they even offer mail service and live receptionist services.  In addition, there are some that offer meeting spaces for those times you may need to meet a client or customer in person. 
Companies that Build Business Credit

Check out our best webinar with its trustworthy list of seven vendors to help you build business credit. 

Get an EIN

Next, get an EIN for your business.  This is an identifying number for your business that works in a way similar to how your SSN works for you personally.  You can get one for free from the IRS.

You Have to Incorporate

Incorporating your business as an LLC, S-corp, or corporation is necessary to fundability.  It makes your business appear more legitimate and offers some protection from liability. 

The option you choose does not matter other than for your budget and needs for liability protection.  The best thing to do is talk to your attorney or a tax professional.  Keep in mind that your time in business will start over at the time of incorporation. Remember many companies that build business credit require a minimum time in business to extend net terms.  That is why it is essential that you incorporate as soon as possible. 

Open a Business Bank Account

You have to open a separate business bank account.  There are a few reasons for this.  First, it will help you keep track of business finances.  It will also help you keep them separate from personal finances for tax purposes. Also, a lot of companies that build business credit want to see a business bank account with a minimum average balance.  

Licenses

For a business to be legitimate it has to have all of the necessary licenses. If it doesn’t, credit issuers will be concerned.  Do what you have to make sure you have all of the licenses necessary to legitimately run your business at the federal, state, and local levels. 

Website

Spend the time and money necessary to ensure your website is professionally designed and works well.  Pay for hosting too. Don’t use a free hosting service.  Along these same lines, your business needs a dedicated business email address.  Make sure it has the same URL as your Website.  Don’t use a free service such as Yahoo or Gmail. 

Companies that build business credit may not check this, but they may.  Regardless, your website is your first impression on almost everyone, and this is a vital part of setting up your business to be fundable. 

Finding Companies that Build Business Credit

Once you set your business up right, you still have to find the companies that will extend net terms and report payments.  That first part is pretty easy.  Lots of companies extend net terms on invoices.  However, most of them do not report those payments to the business credit reporting agencies like Dun & Bradstreet, Experian, and Equifax.  

Furthermore, the ones that do report do not make that information readily available. Here are a few however, just to get you started.  

Strategic Network Solutions

Strategic Network Solutions sells eBooks, software, and even office supplies.  You do have to register to see their products, but the process is fast and easy.  You will have to make a $75 or more initial purchase to be eligible for a net30 account.  They report to Experian and Credit Safe.

Grainger Industrial Supply

Grainger Industrial Supply sells industrial equipment for outdoors as well as standard tools, and more. To gain net 30 approval you will need a business license, a DUNS number, and bank reference among other things.  You will also need to make a $50 initial purchase.  They report to Dun & Bradstreet.

Summa Office Supplies

This is another office supply provider.  You can order anything from paper to staples, pens to printer ink, and pretty much anything you can think of in between from Summa.  They require a $75 initial purchase to report. They report to Equifax.

Uline

Uline sells shipping, industrial, and packing materials.  They also offer industrial and janitorial products. As a general rule, orders ship the same day.  You can get approval for net 30 terms when you order, but the credit department may make you do a few pre-paid orders first. 

Crown Office Supplies

Crown Office Supplies offers paper and other office supplies. They report to all three of the major business credit reporting agencies, which of course include D & B, Experian, and Equifax. It can be hard to find vendors which report to Equifax, so getting credit with Crown is a good move.  They do have a $99 membership fee.

This is a good start, but it isn’t enough.  You will need many more of these types of accounts to really build business credit.  How do you find them if they don’t make it publicly known whether or not they report?  You need a qualified expert to help walk you through the process. 

Another Option for Building Business Credit

Doing business with companies that build business credit is a vital step in the process, but there are some ways to make it go even faster. One of these is the credit line hybrid. 

What Is the Credit Line Hybrid? 

A credit line hybrid is a way to fund your business without putting up collateral.  Also, you only pay back what you use.  You do need a personal credit score of at least 605.  In addition, you can’t have any liens, judgments, bankruptcies or late payments.  Furthermore, in the past 6 months you should have less than 4 credit inquiries, and you should have less than a 45% balance on all business and personal credit cards.  It’s also preferred that you have established business credit as well as personal credit. But, if you do not meet all of the requirements, you can still use this type of funding.

Here’s how.  You use a credit partner that meets each of these requirements.  Many business owners work with a friend or relative to help fund their business.  If a relative or a friend meets all of these requirements, they can partner with you to allow you to tap into their credit to access funding, and as long as you make the payments, you can still build business credit.  

Companies that Build Business Credit

Check out our best webinar with its trustworthy list of seven vendors to help you build business credit. 

Companies that Build Business Credit: Next Steps

Once you have companies reporting your on-time payments you will start building business credit pretty fast.  Then what?  Then you will be able to get approval for business credit cards.  In the beginning, it will be easiest to qualify for store cards like those offered by Office Depot or Best Buy.  These are cards you can only use at the specific store that issues them. 

After that, you should be able to get approval for fleet cards.  These cards can be used for vehicle maintenance and repair, and gasoline purchases. 

Once you have several of these different types of accounts reporting consistent, on-time payments, your business credit should be strong enough to handle whatever comes its way.

Companies That Build Business Credit Can Help You Meet Your Goals

Unlike personal credit, you have to work to intentionally build business credit.  The first step is setting up your business to be fundable.  It doesn’t stop there though.  Since few business accounts actually report to D&B, Experian, Equifax, or any other business credit reporting agency, you have to work with companies that you know will report.  That takes some work and intentionality.  Find a qualified business credit expert that can help you find these companies and get approval.  Then you will be well on your way.

The post 5 Companies that Build Business Credit appeared first on Credit Suite.

Stocks on Track to Snap Three-Week Winning Streak

The S&P 500 ticked lower and was poised for a weekly loss, with investors unmoved by the presidential debate and remaining focused on stimulus negotiations and earnings.

The post Stocks on Track to Snap Three-Week Winning Streak first appeared on Online Web Store Site.

5 Companies that Build Business Credit

Building business credit is not hard, if you know what you are doing.  It doesn’t happen without some intentional action on your part.  You need to know how to set up your business, and then you need to do business with companies that build business credit. 

How to Use Companies that Build Business Credit to Your Advantage 

It can seem almost impossible to get business without business credit.  They cannot get approved for accounts because they do have business credit.  But they do not have business credit because they do not have accounts reporting positive payment history. 

What do you think of when you hear about companies that help build business credit?  Probably  not what they actually are.  These are companies that will offer net terms on invoices without a credit check. Then they will report your payments on those invoices to business credit reporting agencies.  Of course, they have to reduce risk in other ways since there is no credit check.  They may require a minimum order, a certain amount of pre orders, a minimum amount of time in business, or any number of things. 

Check out our best webinar with its trustworthy list of seven vendors to help you build business credit. 

Why Business Credit?

What is business credit, and why do you need it?  Many business owners ask themselves this very question, especially if they have good personal credit.   They think they can get all the business funding they need with their personal credit, and fail to understand the need for business credit.  

The thing is, you need your personal credit for personal things, like buying a house and a car.  Generally, business expenses are much higher than personal ones.  They can eat up personal credit limits in a heartbeat.  This means your balances are always hovering at your limit, even if you make payments like you should.

With personal credit, this means your debt-to-credit ratio is always high, which knocks your personal credit score down.  Then, not only do you not have the open credit you need to handle your personal finances, you also ruin your personal credit score.  That crushes your chances of additional personal credit, and reduces your ability to grow our business in the future. 

The solution is business credit.  That is credit in the name of your business that is not attached to your personal credit report at all.  Typically, business credit limits are much higher.  This means you do not run as much risk of maxing out.  Also, the debt-to-credit ratio does not affect business credit the same way it does personal credit.  Even if you do max out business credit, your score will not be affected.  Your business credit score is much more reliant on making consistent, on-time payments. 

More Differences Between Business Credit and Personal Credit

Business credit is vastly different from personal credit.  They are affected differently by late payments, amounts reported, balances, and even inquiries.  

Of course, both are affected greatly by late payments.  However, business credit is affected much more quickly. Late payments are not typically reported to your personal credit report until they are 30 days late.  Late payments on business credit accounts hit your business credit report when they are as little as one day late.

Here is the biggest difference though.  With personal credit, almost every account reports to the credit reporting agencies.  In contrast, only about 7% of business credit accounts report to business credit reporting agencies.  This means you have to be intentional to get accounts reporting to business credit. 

Start by setting up your business as a separate entity from you as the owner.  Then, work with companies that build business credit.  

Companies that Build Business Credit: Set Up Your Business to Be Fundable

If your business is set up properly, you are very likely to meet most of the requirements set forth by companies that build business credit.  other than minimum time in business or minimum revenues.  These things, of course, are a function of being in business for enough time.  

How do you set up your business to build business credit and be fundable so you can take full advantage of companies that build business credit? 

There are a number of steps you need to take to ensure your business is set up in the best way to build both fundability and business credit

Get Separate Contact Information

Your business needs it’s own business phone number and fax number.  You can get both pretty easily that will work over the internet instead of phone lines.  In addition, the phone number will forward to any phone you want it too so you can simply use your personal cell phone or landline if you want.  Whenever someone calls your business number it will ring straight to you. 

Faxes can be sent to an online fax service, if anyone ever happens to actually fax you.  This part may seem outdated, but it does help your business appear legitimate to lenders. 

You also need a separate business address. You can use a virtual office to accomplish this, even if your business is run out of your home. This is a business that offers a physical address for a fee, and sometimes they even offer mail service and live receptionist services.  In addition, there are some that offer meeting spaces for those times you may need to meet a client or customer in person. 

Check out our best webinar with its trustworthy list of seven vendors to help you build business credit. 

Get an EIN

Next, get an EIN for your business.  This is an identifying number for your business that works in a way similar to how your SSN works for you personally.  You can get one for free from the IRS.

You Have to Incorporate

Incorporating your business as an LLC, S-corp, or corporation is necessary to fundability.  It makes your business appear more legitimate and offers some protection from liability. 

The option you choose does not matter other than for your budget and needs for liability protection.  The best thing to do is talk to your attorney or a tax professional.  Keep in mind that your time in business will start over at the time of incorporation. Remember many companies that build business credit require a minimum time in business to extend net terms.  That is why it is essential that you incorporate as soon as possible. 

Open a Business Bank Account

You have to open a separate business bank account.  There are a few reasons for this.  First, it will help you keep track of business finances.  It will also help you keep them separate from personal finances for tax purposes. Also, a lot of companies that build business credit want to see a business bank account with a minimum average balance.  

Licenses

For a business to be legitimate it has to have all of the necessary licenses. If it doesn’t, credit issuers will be concerned.  Do what you have to make sure you have all of the licenses necessary to legitimately run your business at the federal, state, and local levels. 

Website

Spend the time and money necessary to ensure your website is professionally designed and works well.  Pay for hosting too. Don’t use a free hosting service.  Along these same lines, your business needs a dedicated business email address.  Make sure it has the same URL as your Website.  Don’t use a free service such as Yahoo or Gmail. 

Companies that build business credit may not check this, but they may.  Regardless, your website is your first impression on almost everyone, and this is a vital part of setting up your business to be fundable. 

Finding Companies that Build Business Credit

Once you set your business up right, you still have to find the companies that will extend net terms and report payments.  That first part is pretty easy.  Lots of companies extend net terms on invoices.  However, most of them do not report those payments to the business credit reporting agencies like Dun & Bradstreet, Experian, and Equifax.  

Furthermore, the ones that do report do not make that information readily available. Here are a few however, just to get you started.  

Strategic Network Solutions

Strategic Network Solutions sells eBooks, software, and even office supplies.  You do have to register to see their products, but the process is fast and easy.  You will have to make a $75 or more initial purchase to be eligible for a net30 account.  They report to Experian and Credit Safe.

Grainger Industrial Supply

Grainger Industrial Supply sells industrial equipment for outdoors as well as standard tools, and more. To gain net 30 approval you will need a business license, a DUNS number, and bank reference among other things.  You will also need to make a $50 initial purchase.  They report to Dun & Bradstreet.

Summa Office Supplies

This is another office supply provider.  You can order anything from paper to staples, pens to printer ink, and pretty much anything you can think of in between from Summa.  They require a $75 initial purchase to report. They report to Equifax.

Uline

Uline sells shipping, industrial, and packing materials.  They also offer industrial and janitorial products. As a general rule, orders ship the same day.  You can get approval for net 30 terms when you order, but the credit department may make you do a few pre-paid orders first. 

Crown Office Supplies

Crown Office Supplies offers paper and other office supplies. They report to all three of the major business credit reporting agencies, which of course include D & B, Experian, and Equifax. It can be hard to find vendors which report to Equifax, so getting credit with Crown is a good move.  They do have a $99 membership fee.

This is a good start, but it isn’t enough.  You will need many more of these types of accounts to really build business credit.  How do you find them if they don’t make it publicly known whether or not they report?  You need a qualified expert to help walk you through the process. 

Another Option for Building Business Credit

Doing business with companies that build business credit is a vital step in the process, but there are some ways to make it go even faster. One of these is the credit line hybrid. 

What Is the Credit Line Hybrid? 

A credit line hybrid is a way to fund your business without putting up collateral.  Also, you only pay back what you use.  You do need a personal credit score of at least 605.  In addition, you can’t have any liens, judgments, bankruptcies or late payments.  Furthermore, in the past 6 months you should have less than 4 credit inquiries, and you should have less than a 45% balance on all business and personal credit cards.  It’s also preferred that you have established business credit as well as personal credit. But, if you do not meet all of the requirements, you can still use this type of funding.

Here’s how.  You use a credit partner that meets each of these requirements.  Many business owners work with a friend or relative to help fund their business.  If a relative or a friend meets all of these requirements, they can partner with you to allow you to tap into their credit to access funding, and as long as you make the payments, you can still build business credit.  

Check out our best webinar with its trustworthy list of seven vendors to help you build business credit. 

Companies that Build Business Credit: Next Steps

Once you have companies reporting your on-time payments you will start building business credit pretty fast.  Then what?  Then you will be able to get approval for business credit cards.  In the beginning, it will be easiest to qualify for store cards like those offered by Office Depot or Best Buy.  These are cards you can only use at the specific store that issues them. 

After that, you should be able to get approval for fleet cards.  These cards can be used for vehicle maintenance and repair, and gasoline purchases. 

Once you have several of these different types of accounts reporting consistent, on-time payments, your business credit should be strong enough to handle whatever comes its way.

Companies That Build Business Credit Can Help You Meet Your Goals

Unlike personal credit, you have to work to intentionally build business credit.  The first step is setting up your business to be fundable.  It doesn’t stop there though.  Since few business accounts actually report to D&B, Experian, Equifax, or any other business credit reporting agency, you have to work with companies that you know will report.  That takes some work and intentionality.  Find a qualified business credit expert that can help you find these companies and get approval.  Then you will be well on your way.

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Cortex (YC W20) Is Hiring Founding Engineers

Article URL: https://angel.co/company/cortex-10/jobs/957351-founding-software-engineer Comments URL: https://news.ycombinator.com/item?id=24863246 Points: 1 # Comments: 0

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