By: susa

There are business risks associated with conducting day to day business operations. Businesses rely heavily on cash flow to be able to weather the fluctuations of the business-cycle. A lot of initial investment on premises, equipment and marketing is often needed, not to mention the costs that arise from the inevitable inefficiencies of a business in its early days.
Financial independence means the ability to respond to changing circumstances, to take advantage of opportunity, to respond to adversity. Starting a new business can be financially fraught. If you are investing your own money, then you are risking your personal financial security as well as your newly founded business. Worrying about both can cause high stress and a great deal of worry.
The best solution to this problem is to set up your new business entity correctly so that you can take advantage of the tax benefits and increase your personal liability protection. Separating your personal finances from your business adds the shield that will help you to avoid the risk of damaging your FICO scores, or worse losing your house, car, or life savings due to a failed business.
Once your business entity is set up, you can start creating a business credit profile that will allow you to obtain business lines of credit, small business loans, business credit cards, and vendor credit. But you must know how to apply for each of these in order to keep the business separate from the personal.
Avoid cash flow issues caused by using your own personal income. Use OPM (Other People’s Money) so that you can have the funds for your day to day operations without having to worry if your paycheck will be enough to pay for both your personal bills (mortgage, car payment, insurance) and your business bills (rent, inventory, advertising).
Learn how to set up your business entity and how to build your credit profile. My new e-Book “Basics of Business Credit” supplies all the basic steps you need to follow in order to create sources of ready cash you can use for your business. Go to my website and find out how you can also receive a Free Credit Restoration Guide. New business owners will generally have to provide a personal guarantee when they first start up, so it’s critical that their personal credit is cleared of negative entries on the credit bureau reports.
For more information, click here to access the website for “Basics of Business Credit” written by Susan Carter.
Thank you.

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Susan Carter, author of “Basics of Business Credit,” has created an e-Book that provides instructions on how to set up a business entity correctly from the start. She has the knowledge to help anyone avoid the trap of having to use personal funds and assets to get their business started

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