Lack of cash flow is the number one reason that new businesses fail.
In this "howto" video, I explain the exact steps you need to take to establish business credit, based on what I've learned and implemented from my mentors.
▬ Contents of this video ▬▬▬▬▬▬▬▬▬▬
00:00 Intro 01:10 What is business credit? 03:22 What is a Paydex score? 06:19 Establishing your business as a Legal Person 06:34 How to name your business 07:43 How to set up your legal business entity 09:08 Obtain your Employer Identification Number (EIN) 10:28 Establish your physical or virtual business address 11:32 Get your tollfree phone and fax numbers 12:34 List your number in the national 411 directory 13:15 Get a professional website 14:26 Setup your professional business email address(es) 15:11 Open your business checking account(s) 17:00 Enroll in a paid business credit monitoring service 18:55 Getting your DUNS number 21:05 The 3 tiers of business credit accounts 22:00 Tier 1 "Net30" vendor tradelines 24:25 Tier 2 "Store cards" 25:15 Tier 3 "business credit cards and lines of credit." 25:30 Using a Personal Guarantee to skip to Tier 3 accounts 26:30 Working with me 1on1 27:37 Conclusion
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