Author: James Rodriguez

Brilliant! How to Start a Business with No Money and Bad Credit in a Recession

Is it really possible to start a business with no money and bad credit in a recession? Absolutely! Pandemic or no pandemic, this is possible.

Learn Start a Business with no Money and Bad Credit in a Recession

Do you know how to start a business with no money and bad credit in a recession? We can help you build business credit, even if your personal credit is not so hot.

This is through building business credit.

Building business credit means that your firm gets chances you never felt you would. You can get brand new equipment, bid on buildings, and cover the company payroll. And you can do this even when times are a bit lean. This is specifically helpful in holiday business enterprises, where you can go for several months with merely hardly any sales.

Because of this, you should really tackle developing your business credit. Enhance and maintain your scores and you will have these opportunities. Do not, and either you do not get these opportunities, or they will cost you a lot more. And no small business owner wants that.

You will need to understand what affects your company credit before you can make it better.

How to Start a Business with no Money and Bad Credit in a Recession: Credit History Length Matters

This is basically how long your business has been using company credit. Needless to say newer firms will have short credit histories. While there is not too much you can particularly do about that, do not stress.

Credit reporting agencies will also inspect your personal credit score and your own background of payments. If your own personal credit is excellent, and particularly if you have a reasonably lengthy credit history, then your personal credit can come to the rescue of your company. That is, you did not just get your first credit card not too long ago.

Naturally the reverse is also right. So if your personal credit history is poor, then it will impact your business credit scores until your company and consumer credit can be separated.

How to Start a Business with no Money and Bad Credit in a Recession: Your Payment History is Important

Tardy repayments will affect your company credit score for a good seven years. If you pay your small business (and personal) debts off, as quickly as possible and as completely as possible, then you can make a very real difference when it concerns your credit scores. Make sure to pay on schedule and you will experience the benefits of promptness.

How to Start a Business with no Money and Bad Credit in a Recession: Your Personal Credit Can Influence Your Business Credit

Are you having a bad business year? Then it could wind up on your personal credit score. And just in case your small business has not been around for too long, it will directly affect your business credit.

How do you fix this? By building business credit.

How to Start a Business with no Money and Bad Credit in a Recession: Build Business Credit

Business credit is credit in a small business’s name. It doesn’t connect to an owner’s personal credit, not even when the owner is a sole proprietor and the solitary employee of the small business. Truly, it is the best method of how to start a business with no money and bad credit in a recession.

As such, a business owner’s business and personal credit scores can be very different.

The Benefits

Due to the fact that small business credit is independent from individual, it helps to protect a business owner’s personal assets, in the event of court action or business bankruptcy.

Also, with two separate credit scores, a business owner can get two separate cards from the same vendor. This effectively doubles purchasing power.

Another advantage is that even start-ups can do this. Visiting a bank for a business loan can be a formula for frustration. But building small business credit, when done the right way, is a plan for success.

Individual credit scores are dependent on payments but also additional factors like credit use percentages.

But for company credit, the scores actually just hinge on if a small business pays its invoices timely.

How to Start a Business with no Money and Bad Credit in a Recession Credit Suite

Learn more here and get started toward building business credit attached to your company’s EIN and not your SSN. Get money even in a recession!

The Process

Growing company credit is a process, and it does not occur automatically. A company must actively work to develop company credit.

Nonetheless, it can be done readily and quickly, and it is much more efficient than developing individual credit scores.

Vendors are a big aspect of this process.

Doing the steps out of order will cause repetitive denials. No one can start at the top with business credit. For example, you can’t start with retail or cash credit from your bank. If you do, you’ll get a denial 100% of the time.

Business Fundability

A business has to be fundable to lending institutions and merchants.

That’s why, a company will need a professional-looking web site and email address. And it needs to have site hosting bought from a merchant such as GoDaddy.

Plus, company telephone and fax numbers must have a listing on ListYourself.net.

In addition, the business telephone number should be toll-free (800 exchange or similar).

A small business will also need a bank account dedicated purely to it, and it must have every one of the licenses essential for operating.

Licenses

These licenses all have to be in the identical, appropriate name of the small business. And they must have the same small business address and telephone numbers.

So bear in mind, that this means not just state licenses, but possibly also city licenses.

Dealing with the IRS

Visit the Internal Revenue Service web site and get an EIN for the small business. They’re totally free. Pick a business entity like corporation, LLC, etc.

A company can start off as a sole proprietor. But they will probably wish to switch to a sort of corporation or an LLC.

This is in order to diminish risk. And it will maximize tax benefits.

A business entity will matter when it comes to tax obligations and liability in the event of litigation. A sole proprietorship means the entrepreneur is it when it comes to liability and tax obligations. Nobody else is responsible.

Sole Proprietors Take Note

If you run a company as a sole proprietor, then at the very least be sure to file for a DBA. This is ‘doing business as’ status.

If you do not, then your personal name is the same as the business name. Consequently, you can find yourself being directly responsible for all small business financial obligations.

Also, per the IRS, using this structure there is a 1 in 7 chance of an IRS audit. There is a 1 in 50 possibility for corporations! Avoid confusion and noticeably lower the chances of an IRS audit at the same time.

Starting the Business Credit Reporting Process

Start at the D&B web site and get a free D-U-N-S number. A D-U-N-S number is how D&B gets a business into their system, to produce a PAYDEX score. If there is no D-U-N-S number, then there is no record and no PAYDEX score.

Once in D&B’s system, search Equifax and Experian’s sites for the company. You can do this at www.creditsuite.com/reports. If there is a record with them, check it for correctness and completeness. If there are no records with them, go to the next step in the process.

In this way, Experian and Equifax will have something to report on.

Vendor Credit

First you should build trade lines that report. This is also referred to as vendor credit. Then you’ll have an established credit profile, and you’ll get a business credit score.

And with an established business credit profile and score you can start to get retail and cash credit.

These kinds of accounts have the tendency to be for the things bought all the time. Like marketing materials, shipping boxes, outdoor work wear, ink and toner, and office furniture.

But first off, what is trade credit? These trade lines are credit issuers who will give you starter credit when you have none now. Terms are commonly Net 30, instead of revolving.

So, if you get approval for $1,000 in vendor credit and use all of it, you will need to pay that money back in a set term, such as within 30 days on a Net 30 account.

Details

Net 30 accounts need to be paid in full within 30 days. 60 accounts must be paid fully within 60 days. In contrast to with revolving accounts, you have a set time when you have to pay back what you borrowed or the credit you made use of.

To kick off your business credit profile properly, you ought to get approval for vendor accounts that report to the business credit reporting agencies. Once that’s done, you can then use the credit.

Then repay what you used, and the account is on report to Dun & Bradstreet, Experian, or Equifax.

Vendor Credit – It Helps

Not every vendor can help in the same way true starter credit can. These are vendors that will grant an approval with hardly any effort. You also need them to be reporting to one or more of the big three CRAs: Dun & Bradstreet, Equifax, and Experian.

This is vital for how to start a business with no money and bad credit in a recession.

You want 3 of these to move onto the next step, which is retail credit.

How to Start a Business with no $ and Bad Credit in the time of the coronavirus Credit Suite

Learn more here and get started toward building business credit attached to your company’s EIN and not your SSN. Get money even in a recession!

Accounts That Don’t Report

Non-Reporting Trade Accounts can also be helpful. While you do want trade accounts to report to at the very least one of the CRAs, a trade account which does not report can nonetheless be of some worth.

You can always ask non-reporting accounts for trade references. Additionally credit accounts of any sort should help you to better even out business expenditures, thus making financial planning less complicated. These are companies like PayPal Credit, T-Mobile, and Best Buy.

Retail Credit

Once there are 3 or more vendor trade accounts reporting to at least one of the CRAs, then move to retail credit. These are companies which include Office Depot and Staples.

Just use your SSN and date of birth on these applications for verification purposes. For credit checks and guarantees, use the company’s EIN on these credit applications.

Fleet Credit

Are there more accounts reporting? Then move onto fleet credit. These are businesses like BP and Conoco. Use this credit to purchase fuel, and to fix and take care of vehicles. Just use your SSN and date of birth on these applications for verification purposes. For credit checks and guarantees, make certain to apply using the small business’s EIN.

How to Start a Business with no Money and Bad Credit in a Recession Credit Suite

Learn more here and get started toward building business credit attached to your company’s EIN and not your SSN. Get money even in a recession!

Cash Credit

Have you been sensibly handling the credit you’ve gotten up to this point? Then move onto more universal cash credit. These are businesses such as Visa and MasterCard. Just use your SSN and date of birth on these applications for verification purposes. For credit checks and guarantees, use your EIN instead.

These are often MasterCard credit cards. If you have more trade accounts reporting, then these are doable.

Monitor Your Business Credit

Know what is happening with your credit. Make certain it if being reported and take care of any inaccuracies as soon as possible. Get in the habit of checking credit reports. Dig into the details, not just the scores.

We can help you monitor business credit at Experian and D&B for 90% less than it would cost you at the CRAs.

At Equifax, you can monitor your account at: www.equifax.com/business/business-credit-monitor-small-business.

Update Your Record

Update the details if there are mistakes or the information is incomplete. At D&B, you can do this at: https://iupdate.dnb.com/iUpdate/viewiUpdateHome.htm. For Experian, go here: www.experian.com/small-business/business-credit-information.jsp. And for Equifax, go here: www.equifax.com/business/small-business.

Fix Your Business Credit

So, what’s all this monitoring for? It’s to challenge any errors in your records. Mistakes in your credit report(s) can be fixed. But the CRAs often want you to dispute in a particular way.

Get your business’s PAYDEX report at: www.dnb.com/about-us/our-data.html. Get your company’s Experian report at: www.businesscreditfacts.com/pdp.aspx?pg=SearchForm. And get your Equifax business credit report at: www.equifax.com/business/credit-information.

Disputes

Disputing credit report errors commonly means you send a paper letter with duplicates of any proof of payment with it. These are documents like receipts and cancelled checks. Never mail the original copies. Always send copies and keep the original copies.

Fixing credit report inaccuracies also means you specifically itemize any charges you contest. Make your dispute letter as clear as possible. Be specific about the problems with your report. Use certified mail so that you will have proof that you mailed in your dispute.

Dispute your or your small business’s Equifax report by following the directions here: www.equifax.com/small-business-faqs/#Dispute-FAQs.

You can dispute inaccuracies on your or your business’s Experian report by following the directions here: www.experian.com/small-business/business-credit-information.jsp.

And D&B’s PAYDEX Customer Service telephone number is here: www.dandb.com/glossary/paydex.

A Word about Building Business Credit

Always use credit sensibly! Never borrow more than what you can pay back. Monitor balances and deadlines for payments. Paying in a timely manner and fully will do more to raise business credit scores than almost anything else.

Establishing small business credit pays off. Excellent business credit scores help a company get loans. Your lender knows the company can pay its financial obligations. They understand the business is for real.

The small business’s EIN connects to high scores and lenders won’t feel the need to ask for a personal guarantee.

Business credit is an asset which can help your small business for many years to come. Learn more here and get started toward growing company credit.

How to Start a Business with no Money and Bad Credit in a Recession: Looking for Some Ideas?

And we would be remiss if we didn’t give you any business ideas! Here are seven great ones from Shopify which we loved.

How to Start a Business with no Money and Bad Credit in a Recession: Takeaways

Once you understand what impacts your small business credit score, you are that much nearer to creating better business credit which will help you learn how to start a business with no money and bad credit in a recession. Don’t let COVID-19 get you down.

Now go get ‘em, tiger!

 

 

The post Brilliant! How to Start a Business with No Money and Bad Credit in a Recession appeared first on Credit Suite.

5 Warning Signs Your Business Is Failing in the Decline of the Economy

Are there warning signs your business is failing in the decline of the economy?  There could be.  By knowing the signs you can take action and help keep things running even during the worst of time.  Right now, the problem is COVID-19.  The Federal government and state governments are working hard to help small businesses, but you can do something for yourself as well.

There are Warning Signs That Your Business is Failing in the Decline of the Economy, but What You Can Do About It

You can see the impending doom on the horizon. Its building like a sand storm and you can’t promise you will not be buried in it.  The decline of the economy is inevitable, and you cannot promise your business will survive.

Our economy runs in cycles, with waves of good times and bad coming in like clockwork.  The fact that a rise or decline will come is pretty much the only predictable part however.  No one knows when the economy tide will change, only that it will. If things are good, you can bet eventually the decline of the economy will come.  If your business is to make it through the sandstorm of hard times, you have to know the warning signs.

You may think you are safe if your business is already established. While it is true that it is much harder for a new business to stay afloat during the decline of the economy, research shows that 50% of small businesses fail in the 5th year, and as many as 30% go belly up in the 10th year.

The news is depressing, but if you can spot the warning signs you have a fighting chance.  You may not be able to stop the storm, but if you can see it coming, you can at least board up the windows and ride it out with as little damage as possible.

COVID-19 and the Decline of the Economy

The federal government is working to try to stem the tide of business failures. This includes SBA Paycheck Protection Program funding. But you’re going to need to be in business to take advantage of the financing.

Demolish your funding problems with our rock-solid guide about 27 killer ways to get cash for your business. Get money even during the worst of a recession.

How do you keep your business from failing? If you are already sinking, how do you reverse the damage? Sometimes you can’t. Sometimes the decline of the economy is too much.  Don’t give up though.  If you’re taking on water, we can help you do more than scoop it out with a plastic cup.

Set Yourself Up for Success

Wherever you are in the life of your business, now is the time to set yourself up for success.  Don’t wait another day.  In order to protect your personal finances and build business credit, you need to separate your business from yourself. Doing so on the front end is easiest, but many business owners do not know the importance of this when they first start.  Building business credit is vital for the survival of your business, and protecting your own personal liability is a necessity at all times. Here are some ways to make it happen:

  • Incorporate as an LLC, S-corp, or corporation. Do not operate as a sole proprietor or partnership. If you do, you and your business appear to be one in the same.
  • Get an EIN. They are free at gov and act as an identifying number for your business, similar to your personal SSN.
  • Open a business bank account. It should be used exclusively for business expenses. This is another tip that also helps at tax time.
  • Go to the Dun & Bradstreet website and get a DUNS
  • Make sure your business has its own telephone number and address that is not your personal telephone number and address.
  • Have a professional website created that does not use a free service. The web address needs to be paid for, and you need a dedicated email address that uses the same URL as the website.  It can’t be Yahoo or Gmail or some other free email service.

These things will help you not only when it comes to taxes and liability, but also when you are trying to establish and build business credit, which is essential for the growth of a business.

Prepare for the Unknown Known

While that sounds crazy at first, there really is an unknown known out there.  The economy will take a dive.  It is a fact of life just like birth and death.  That is the known.  The unknowns are the how, why, and when.  How do you prepare for something like that?  You cover all your bases.  Here are some things that can cause a business to go down during the decline of the economy along with some tips on how to prepare for them.

Cash Gap

Prepare for this by getting your business credit in order on the front end. Establish and build business credit so you can access the cash you need to bridge the gaps that are bound to show up.  Setting up your business as a separate entity is the first step in the business credit building process.

Gaps happen for a variety of reasons. Sometimes they are temporary timing issues, and sometimes you are leaking cash faster than a dam with a hole in it. If your business credit is strong, you can access credit cards or a business line of credit to help you shore up the leak while you look for a more permanent fix.

Without a solid business credit foundation, you will have a hard time finding the cash you need to fill the shortage, even short-term. Without access to cash a business cannot survive.

Growing Too Fast

You have to start slow. If you dive in before you are ready, you’ll cramp up and never make it to the other side. Take things one step at a time and research everything before you take the leap. Want to expand? Make sure you can handle the financing. Want to open a new location? Double check demand to make sure it’s there.

Demolish your funding problems with our rock-solid guide about 27 killer ways to get cash for your business. Get money even during the worst of a recession.

Trying to grow too much too fast is a sure plan for disaster, especially if the economy is in decline.

You Don’t Have a Plan

You had to write a business plan to get a business loan in the beginning. Even if you were solely founded on the backs of investors, they probably wanted to see a plan. It should already be there, in writing. Use it!

Work the plan you started with, tweaking as needed. It was good enough to get you started, and with minor adjustments for growth, it should be good enough to keep you going even in a decline of the economy.

Working without a plan is like heading into the dust storm naked.  If you survive, you will have much damage to repair.

Not Focusing on the Endgame

While branching out is a great thing in many cases, you can diversify too much. For example, if your specialty is pizza, and you want to add other entrees to the mix, that may be a great idea.

However, if you are a pizza shop and you decided to sell hunting equipment also, you may run into problems.

Find what you are good at and stick to it. Before you make any decisions on diversifying product lines, do the necessary research to determine whether or not that is the best plan of action.  It may sound good in theory, but will it create profit?  This is where good market research and a healthy dose of reality comes in handy.

Not Retaining Good Employees

If you have great employees, treat them right. Offer benefits, time off, fair payment, and appreciation as much as is in your power. Showing appreciation for a job well done is crucial to keeping good employees, and keeping good employees is vital to the success of a business.  This is especially true in a decline of the economy.  Starting over with new workers in hard times is not an easy task. Keeping the people that already know your business and do their jobs well is a much better recipe for success.

Is Your Business Failing in the Decline of the Economy?

Maybe it’s too late for prevention. Maybe you are already going down and you need a rescue plan. How do you know? What does it look like when a business starts to fail?

There are many warning signs, but these seem to be the most common.

  • You consistently can’t pay your bills.
  • Sales are steady but you have a ton of old receivables on the books.
  • Inventory is too high.
  • Your employees keep leaving.
  • There’s no chatter about your business.

While these aren’t always bad signs, they usually are. It might not be too late though. Let’s look at each one and see what can be done.

decline of the economy Credit Suite2

Inability to Meet Financial Obligations

If you have that business credit foundation we mentioned before, you can buy yourself some time here. Figure out a way to pay now, or ask creditors for more time. Then set to work figuring out the problem. Is it a timing issue? Look at getting a credit card or line of credit to bridge that gap.

Are your customers not paying? We’ll hit that in a minute. Are sales simply lagging? Find a way to increase sales! Have a sale, work harder at marketing, and improve the quality of your product or service.

Collect on Old Receivables

First, sell old invoices. Invoice factoring is a great way to get some cash fast, and if this is why you are short, it’s a suitable temporary fix. Get those accounts off the books and the cash in the bank.

Then, reconsider your credit strategy. Do you need to offer an incentive for early payment? Does there need to be tighter regulations when it comes to extending credit?

Slow Inventory Turnover

What’s up? Did you order too much? Maybe you need to have a sale to clear some of it out. Do you have too many different types of inventory? Go back to your first love, your original product, and off load the rest at a deep discount if you need to.

Employees Keep Leaving

This one is hard to fix on the back end. They aren’t happy, and trying to make them happy after the fact is almost impossible. If you have good workers, show your appreciation. They have plenty of options when it comes to places to work. Increase pay where possible and warranted. Offer as much flexibility as you can. Most of all, just show appreciation. Courtesy goes a long way. It may not be too late.

Demolish your funding problems with our rock-solid guide about 27 killer ways to get cash for your business. Get money even during the worst of a recession.

There is No Word of Mouth

Word of mouth is a powerful thing. If you have no reviews and no recommendations, that is a bad sign. Try offering incentives to those willing to leave a review. They can send you a link to the review in exchange for a discount or trinket.

Create social media chatter in a similar way. Incentives to like, share, or retweet sometimes take off like wildfire.

Even better, hire someone who specializes in this type of publicity.

Sometimes it Really is Too Late

The fact is, once a business is already failing, it is sometimes too far gone to save it. If you see the warning signs early enough and take big enough action, you may be able to make it through a decline in the economy.

Stay Aware of Your Surroundings

Keep your eyes open. At the first sign of trouble, take action. Follow these tips, do your own research, and start working to save your business. It is yours to save. You can enlist others if you need to however. Consultants and specialists may be able to help, and certainly in many cases professionals such as accountants and those trained in marketing research can be of tremendous value.

The most important thing is to not stand by and watch. You may still become a statistic, but you don’t have to go

down without a fight. Prepare for the inevitable and be ready to act when they come.

Have an Armory of Weapons Ready for the Fight During the Decline of the Economy and Any Other Time

No one starts a business planning to fail, but if you do end up in trouble, you can at least give yourself a fighting chance during the decline of the economy.   The best time to start is now.  Establish your business as separate from yourself so you can begin to build strong business credit.

If your business does actually fail, remember those mistakes you made, learn your lessons well, and start anew. Your next business venture will only be stronger for what you learned on the last one.

 

The post 5 Warning Signs Your Business Is Failing in the Decline of the Economy appeared first on Credit Suite.

Rapid Spin On The CPA Affiliate Offer – Pay-per-Email Programs

Rapid Spin On The CPA Affiliate Offer – Pay-per-Email Programs Several of you have actually listened to concerning CPA associate programs (price per activity associate programs) where you, as the associate marketing professional, obtain paid when somebody finishes and also activity. The aspect of this kind of advertising called pay-per-email concentrates on you obtaining paid …

Decreasing Debt Before It’s Too Late … How To Avoid The Pitfalls Of Creeping Debt

Minimizing Debt Before It’s Too Late … How To Avoid The Pitfalls Of Creeping Debt

Decreasing financial debt typically isn’t a high top priority for individuals till they have actually currently entered difficulty with overspending. Utilizing a couple of standard standards, as well as financial obligation estimations, can assist you see when your financial debt tons is getting involved in the risk area.
Budgeting Guidelines
Off, financial institutions make use of budgeting standards when accepting and also assessing credit scores. You have a greater danger of debt applications being rejected if your financial debt goes beyond the economic neighborhoods suggested standards.
Obtaining, and also maintaining, your financial obligation according to advised budgeting standards, is a crucial action in financial obligation decrease. Utilize the adhering to advised budgeting standards (the exact same ones utilized by Financial Institutions) to assess the products in your budget plan:
Real estate 35% – Mortgage or rental fee, tax obligations, fixings, renovations, insurance coverage, as well as energies;
Transport 20% – Monthly repayments, gas, oil, repair services, insurance policy, car park & public transport;
Financial obligation 15% – Credit cards, individual financings, trainee financings & various other financial obligation settlements;
All various other expenditures 20% – Food, insurance coverage, prescriptions, physician & dental practitioner expenses, garments & individual;
Investments & Savings 10% – Stocks, bonds, money gets, retired life, rental realty, art, and so on
. Financial Obligation Income Ratios
The 2nd action is computing your financial obligation revenue proportion. You will certainly recognize simply exactly how essential financial obligation lots is to your total monetary image as soon as you recognize what your proportion is. Your financial debt earnings proportion is the percent of your regular monthly take-home income that mosts likely to paying financial debts.
You compute it by taking the quantity required to settle financial obligations monthly, consisting of rental fee or home loan, and also divide by your net income (your take-home pay after tax obligations). Keep in mind, this is “Debt” proportion, so just consist of real financial debt payment in the estimation.
Debt To Debt Ratio
Since you pay off a credit history card is no factor to shut your account, simply. One unknown reality concerning the Credit to Debt Ratio is the reverse result it carries your credit history. If you settle a bank card, as well as shut the account, you are really adversely influencing your credit report.
The factor for this unfavorable result remains in the computation of the Credit to Debt Ratio itself. This proportion is the connection of your financial debt total amount vs. your credit line.
You determine it by splitting the complete credit line of all charge card and also financing accounts by the total amount of the real financial debt (invested overall). Currently, if you repay a charge card, you are lowering the real financial obligation, which is terrific, however, if you shut the account, you are additionally considerably decreasing the credit line you have, as well as generally by a greater portion than the financial obligation decrease.
Pay Yourself
Vital to lasting economic success, as well as securing your future, is paying on your own. Financial obligations and also various other monetary responsibilities, cash for enjoyment, and also various other investing constantly appear to take a greater top priority. Assume concerning it, if you aren’t worth being paid initially, after that is?
Snowball The Credit Cards
Paying simply $10 added a month on a credit scores card, over the minimum necessary repayment, can reduce your settlement term in fifty percent, if not even more! Press out that added settlement, nonetheless little, every month, and also take benefit of the compounding impact of snowballing your financial obligation away.
Bear in mind, you do not need to be a monetary whiz to recognize what’s happening with your debt as well as financial obligation. Simply a couple of basic estimations, as well as an eye on the future, will certainly go a lengthy method to aid you do well economically as well as maintain your financial obligation controlled. Be secure, be clever, do the mathematics!

The 2nd action is computing your financial obligation revenue proportion. When you recognize what your proportion is, you will certainly recognize simply exactly how essential financial obligation lots is to your general monetary photo. Your financial debt revenue proportion is the percent of your regular monthly take-home pay that goes to paying financial obligations.
One little well-known reality regarding the Credit to Debt Ratio is the reverse result it has on your credit scores rating. Bear in mind, you do not have to be a monetary whiz to comprehend what’s going on with your credit report as well as financial obligation.

The post Decreasing Debt Before It’s Too Late … How To Avoid The Pitfalls Of Creeping Debt appeared first on ROI Credit Builders.

Top 10 Endometriosis Podcasts You Must Follow in 2019

Top 10 Endometriosis Podcasts

Endometriosis Podcasts

1. Endometriosis | Journey to Butterfly

About Podcast Endometriosis: Journey to Butterfly podcast is about my journey with endometriosis for the past 15 years including getting officially diagnosed this year. I will talk about endometriosis-symptoms, surgery, medications, natural methods, products, eating habits and all that I am doing and trying to have less pain and symptoms.
Frequency 1 episode / week
Podcast anchor.fm/journeytobutterfly
Domain Authority 70

2. Heal Endometriosis Naturally Podcast

Heal Endometriosis Naturally Podcast United Kingdom About Podcast The author, Wendy K Laidlaw, put her Stage IV Endometriosis and Adenomyosis into remission after suffering for over 33 years – after 6 surgeries, countless drugs and painkillers failed her. She also ended up bedridden for many years. After retraining (from her bed), Wendy is now a Certified Health Coach Specialising in Endometriosis, Adenomyosis, and Infertility. She is now helping women all around the world to achieve the same results.
Frequency 4 episodes / quarter
Podcast healendometriosisnaturally.c..
Twitter followers 299 ⋅ Domain Authority 16

3. Peace With Endo

Peace With Endo About Podcast Aubree Deimler is an author, coach, and energy healer. Peace With Endo podcast is the journey to naturally healing endometriosis through diet, lifestyle and mindful thinking.
Frequency 2 episodes / month
Podcast peacewithendo.com/blog-2
Twitter followers 3.2K ⋅ Social Engagement 45 ⋅ Domain Authority 34

4. In Sixteen Years of Endometriosis

In Sixteen Years of Endometriosis About Podcast Feel supported, get inspired, be understood. Trying to figure out how to get through the challenges of endometriosis? Me too! I’m Amy, and I started the podcast In Sixteen Years of Endometriosis to talk about learning to live with this difficult condition. Laugh, cry, and shout with us about all things endometriosis.
Frequency 2 episodes / month
Podcast insixteenyears.com/episodes
Domain Authority 3

5. The Endometriosis Podcast

The Endometriosis Podcast Portland, Oregon, United States About Podcast The Endometriosis Podcast is a bimonthly discussion of what’s new in the world of endometriosis research, discoveries, surgical techniques, and anything else of interest in the endometriosis world. Hosted by Nicholas Fogelson, MD of Northwest Endometriosis and Pelvic Surgery and endometriosis maven Libby Hopton. Produced by Andrea Muraskin.
Frequency 1 episode / quarter
Podcast nwendometriosis.libsyn.com
Twitter followers 2.4K ⋅ Domain Authority 3

6. The Cycle | Endometriosis podcast

The Cycle | Endometriosis podcast About Podcast The Cycle is a podcast about Endometriosis. Every 28 days a new episode will come out. The goal is to share endo stories from people all over the world and to get the information inorder to help and spread awareness to the people who are suffering.
Frequency 1 episode / month
Podcast anchor.fm/melissabou
Domain Authority 70

7. It’s All in My Head

It's All in My Head About Podcast This is all about my journey with endometriosis. Hopefully it will help spread awareness and support others who may be suffering. Know that you are not alone!
Frequency 3 episodes / month
Podcast anchor.fm/amie-magstadt
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8. Not Defined by Endo

Not Defined by Endo About Podcast Not Defined by Endo Podcast, hosted by Endometriosis Warrior Teniola Ogunro, is created for and dedicated to women who have been diagnosed with endometriosis or who suffer from symptoms that they suspect to be caused by endometriosis. Every week, Teniola shares her own experiences, interviews health professionals and endo specialists who provide their much-needed insight and speaks to fellow endometriosis warriors who know what it feels like to live with and fight an incurable disease.
Frequency 1 episode / month
Podcast notdefinedbyendo.podbean.com
Social Engagement 7 ⋅ Domain Authority 86

The post Top 10 Endometriosis Podcasts You Must Follow in 2019 appeared first on Feedspot Blog.

How to Get a Business Phone Number to Build a Fundable Business

Why Do You Need a Business Phone Number to Be Fundable?

When you start a new business, it is vitally important for that business to have separate contact information from yourself.  This includes a dedicated business address, phone number, and email address.  When you first tell a new business owner this, there are a ton of questions.  Why does it matter?  Why can’t I just use my own contact information?  If I need separate contact data, how do I do that?  How do I get a business phone number and address anyway?  Do I have to have a separate phone line and location for my business? I mean, I was going to run my business out of my home.  How does this all work?

We are going to try to answer each of these questions right now.  The first question to answer is the one about how to get a business phone number and address if you are running your business out of your home or virtually.  Many new small businesses are run from anywhere the owner can access the internet.  Local coffee shops, libraries, etc. can all act as a business location if the business is run online.

Even if you never meet a customer in person, your business has to have a dedicated business address and phone number.   The question of how to do this becomes much more complicated however, when your business exists solely on your cell phone and computer.  The answer to your question is no, you do not have to have a separate cell phone, a land line, or even a building to get a business phone number.

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What Are My Options to Get a Business Phone Number?

When it comes time to get a business phone number, you have a few options and many decisions to make.  For example, you’ll need to decide first if you are going to use a landline or a cell phone.  Next, you’ll need to determine if you want a local number, a toll-free number, a vanity number, or a regular number.  How do you choose?

Get a Business Phone Number: Landline vs. Cell Phone

If you get a traditional landline with a business number, the process is as simple as calling out the telephone company.  That’s where the simplicity ends however.  A business landline is considerably more expensive than a residential one.  It is also a kind of invasive process to have a landline installed.

You are probably thinking it is much more expensive to get an extra cell phone.  The truth is, however, that you do not even have to do that.  There are many services now that will offer a business number and forward it to any number you want using the internet.

They offer other services as well, including transfers, multiple numbers, vanity numbers and even live receptionist.  Of course, the more bells and whistles you choose the more they cost, but generally speaking these services are super easy to get started with.  Some even offer base packages for free.

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Local vs. Traditional Toll-Free vs. Vanity

Usually, you need a toll-free number regardless.  If you cater to a local market as well, having a local number could also be useful.  A vanity number can be nice for ease of remembering.  What’s a vanity number? Those are the numbers that go along with your business, for example, 1-800-55-Pizza for a pizza joint.  This type of number is not necessary, but it can help with branding.  They are easy to acquire with the new virtual business telephone companies out there. You simply request your number, if it is available, it’s yours!

Is it Better to Get a Business Phone Number Online?

It seems like new options are popping up daily for getting a business phone number using the internet.  Known as VoIP, these services are gaining popularity for business phone service.  Here are just a few reasons why.

First, they are by far the best value.  You can get all the features you need for a fraction of what it would cost with a traditional landline.

Most small businesses simply do not have the budget to set up and handle on an ongoing basis a complicated PBX system with a receptionist and extensions for each desk. When you choose the right VoIP package, you have all of this and more built right in to a low flat rate each month. The following are just a few of the features you will find available with most VoIP companies.

  • Internet Faxingjust in case you need to deal with someone who is still faxing.
  • Automatic Call Recordingso you can have a record of all calls coming in and going out, if needed.
  • Conferencingallows you to give clients a number to call that will allow everyone to be on the same conference line.
  • Call Forwardingallows calls to ring on all your devices, and even more than one phone, at once.  In addition, you can set for calls to forward only during certain hours.
  • Auto-Receptionistscan make your business sound more professional.
  • Extensionslet you use a single main number to reach everybody.
  • Voicemail and voice to textwill send you emails with the voicemail, and can even put them into text form if needed.

Where to Get a Business Phone Number Online

While there are many companies that offer VoIP telephone services for business, and new ones are coming into the picture each day, these are a few of the most popular currently.

Grasshopper

Grasshopper is a business service that uses the mobile phone you have already.  Many others use an office VoIP setup. You can get a business phone number, receive calls from that number using your phone, and set up as many users as you want with custom extensions.

In addition, service from Grasshopper includes:

  • Queuing of calls
  • Call scheduling
  • Conference calls
  • Call routing/ auto-assistant
  • Voicemail to email

Because it is mobile, it provides more features than other VoIP providers.  Be aware however, that some users say the quality isn’t that great. For each one that is unhappy it seems, there are many that have been very pleased, so don’t let that be your sole decision maker.  Also, like most VoIP mobile apps, minutes are charged not only by Grasshopper, but also by your mobile carrier.

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If you do a lot of conference calls, you need to know that you are charged for minutes for each caller on the conference.  Meaning if a call only lasts 5 minutes, but you have 5 callers on, then you are charged for 25 minutes. There are other carriers that offer a conference call bridge, meaning you are only charged for the one call.

Phone.com

Phone.com is a great in-between option for multiple users.  It provides a VoIP solution without the requirement of a traditional phone, and has solid basic features.  You can make and receive calls from your business number as well as view call logs and your address book when you have an internet connection. From your computer you can:

  • Que calls
  • Set up auto-receptionist
  • Schedule calls
  • Send and receive faxes

Ring Central

RingCentral has all of the features you would expect or need, and plans start at one $20 a month.  They also offer a free trial, but so do a few others.  It does require an upgrade to get a 1-800 number.  They also offer upgrades that will allow you to integrate with Dropbox, Zendesk, Salesforce and more.

As I said, these are the only players in a relatively new game, but they are some of the most popular at the moment.  The thing you need to remember is, do your research.  Try to consider not only what you need right now, but what you may end up needing in the future.  You need to find a service that will offer everything you could need going forward.

If you simply go with the free or cheapest service for right now and do not consider future needs, you could end up having to change in the future.  That’s not only a pain, but it could mean changing your number, which means printing all new materials and updating directories.  That is all doable, but much easier to avoid if possible.

What Types of Things Should You Consider when You Get a Business Phone Number?

So when you are choosing a company to go with, what should you consider?  Well first, current budget is obviously important.  If you cannot pay for it, it won’t do you any good.  After that, consider what you need currently.  Once you have a few options narrowed down based on these needs, narrow it down further based on what you think you may need in the future.

For example, are you going to remain small, with any other employees being local?  You may not ever need conference calling ability. Is it possible you could need to add extensions or need a live receptionist option in the future?  Then be sure you get a business phone number with a company that offers these options.

What Does a Business Phone Number Have to Do with Being Fundable?

There’s the big question, right?  What does having a business phone number have to do with fundability?  Well, it can help to understand what fundability is and why it matters. To get business funding, your business needs to appear to be a separate, fundable entity to lenders.  For this to be the case, a business has to stand on its own apart from its owner.  This means it:

  • Is formally incorporated as a Corporation, S-corp, or LLC
  • Has an EIN
  • Already has a dedicated business telephone number, address, and email address
  • Has a dedicated business bank account
  • Uses a professionally put together, user friendly, business website
  • Has a D-U-N-S number

In addition to helping a business appear fundable to lenders, having these things in place provides the separation from owner necessary to start building business credit. When you think of it that way, not having a business phone number can do a lot of damage.

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How Does a Business Phone Number Help You Build Business Credit?

Before you ever make it to a lender that wants to see your business as fundable before giving you money, you have to build business credit.  It is virtually impossible to do this without a business telephone number or any of the other things mentioned above.  Here’s why.  To establish business credit where there is none, or to begin to repair poor business credit, you are going to have to establish tradelines with starter vendors.

These are vendors in the vendor credit tier that will extend net terms on invoices without a credit check.  They do, however, check other information before they will extend these terms.  This includes several different things, and many like to see a business number listed in the directories.

To find out more about starter vendors in vendor credit tier and how the business credit building process works, go here.

What Else Do You Need to Do to Build Business Credit?

After you have set your business up to appear fundable to lenders, and after you establish trade lines with starter vendors, you need to continue the process. After enough tradelines are reporting to your business credit report, you can begin to apply for credit cards in the subsequent credit tiers. These include the retail credit tier, the fleet credit tier, and the cash credit tier.

The retail credit tier is made up of those cards that are directly tied to a store, such as Home Depot or Best Buy.  The fleet credit tier includes cards from companies like Fuelman and Shell that can help manage fuel costs, as well as costs related to fuel and auto maintenance.  The cash credit tier is the main goal, and includes cards that are not related to specific retailers or costs.

The key is to get enough accounts reporting from each tier to sufficiently build your score so that you can move on to the next tier.  The vendor credit tier is the beginning.  Some vendors will not extend net terms if there is no business number.  If you do you use your personal number, you run the risk of payments being reported to your personal credit rather than your business credit, which defeats the whole purpose.

You Need to Get a Business Phone Number, Start Now!

If you do not already have a business number, start by considering exactly what your budget is and what you need. Then, do some research.  Find out who has what you need for what you can afford right now, with the option to add on anything you may need in the future.  That should narrow now your choices significantly.  Whatever you do, do not use your personal number.  That will not help you when it comes to running and growing your  .

Looks great, nice job!

The post How to Get a Business Phone Number to Build a Fundable Business appeared first on Credit Suite.

FHFA to Propose Capital Rule for Fannie, Freddie in 2020

A Guide To Credit Card Debt

A Guide To Credit Card Debt

When speaking about charge card financial obligation, the results of financial obligation rely on such aspects as the resources of lending funds, the function for which loaning is done, the conditions under which the financial debt is drifted, the quantity of the existing financial obligation, the rate of interest, the kinds of financing utilized and also the basic financial problem of the area.

The results of residential loaning are fairly various from those of international loaning. In inner loaning, there is no rise in the complete amount of sources offered for the usage. Loaning from economic establishments is just a transfer of sources from exclusive to federal government usage.

The results of financial debt likewise depend on the objective for which the financial obligation is developed. The greater the passion price for loaning funds, the more powerful the pull on funds from contending financial investments.

A major diversion of funds from limited ventures would certainly have a tendency to create the latter’s failing and also this, subsequently, would certainly influence manufacturing as well as various other financial procedures, like market value and also rate of interest. This will certainly have a tendency to urge the acquisition of their safeties if the monetary organizations obtain tax obligation exceptions for their car loans.

The impacts of residential loaning are fairly various from those of international loaning. The impacts of financial debt additionally depend on the function for which the financial obligation is produced. The greater the rate of interest price for loaning funds, the more powerful the pull on funds from contending financial investments.

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Idaho Quits Worrying About Snails