Many times, business owners don’t understand that they have an opportunity to differentiate between their personal credit and their business credit. However, by pursuing credit separately for your business, you actually keep your personal score safe. Also, you give yourself better access to lending options and open yourself up for more flexible options from vendors. There is no doubt about it: a solid business credit score is crucial for the health of your business’ finances and reputation. If you haven’t started building your score already, follow these 4 tips to get your business on the credit map.
I attended the New York Small Business Expo on Wednesday, October 17 at the New York City Javits Center. Many of you probably know that I also live blogged from one of their seminars: Accessing Capital & Securing Adequate Financing for Your Business. My strategy in attending the Expo was to put myself into a small business owner’s shoes. If I owned my own business, what would my goals be in attending the Expo? I decided that what I would want most is education. I would want to learn about new products and resources on the market for small businesses. I would want to gather information directly from industry experts that can’t easily be found online and speak with the owners of my favorite products and services. Most of all, I would want to walk away from the Expo feeling that my valuable time was spent wisely and that I had gained some insider knowledge that I could use.
Let me start with a brief introduction. In 1991 I graduated with a degree in graphic design from Saint Vincent College, and from 1991-1996 I worked in prepress for various printing companies. In 1995 I started hearing about this "World Wide Web" thing that was going to transform the planet. Ever interested in new and shiny things, I began investigating and ended up building two websites - one for the company I was working for and another for a famous New Orleans landmark - Pat O'Briens. I'm sure that the folks at Pat O's have no idea who I am at this point, but yes I built their first website in 1996 (this was probably one of the first company websites in New Orleans at the time). To put it lightly, it was a headache. The designer in me wanted to create a beautiful layout - nice fonts, beautiful pictures, etc. However, the technology was not yet capable of supporting my desires. I won't go into too much detail about the woes of the time, but suffice to say the internet was not ready for much more than web pages with text.
We are Live Blogging from the New York Small Business Expo (NYExpo) taking place on October 17 at the New York Javits Center. We will be sending you updates from the "Accessing Capital & Securing Adequate Financing for Your Business" seminar taking place at 9:30am EST where a panel of experts on small business financing will be weighing in on the best ways to access capital in today's market. Follow the stream of updates below:
Any business involved with marketing their products and services needs to understand where to put their time and money. Without this knowledge, you could be spending your time on strategies and tactics that are either less than effective or not at all.