When Girl Get Fundable host Josette Fleury first began building her #businesscredit, it was not something that she fully understood. It wasn’t until she invested in the proper coaching and guidance that she began to see real results. On this week’s #ladyJchat, Josette will give listeners the foundation they need by sharing a 10-step process to building business credit effectively and efficiently.
Josette wants #fempreneurs to understand that business credit cannot be built overnight. Similar to our personal credit, the process takes time and requires you to complete certain financial steps before lenders are willing to provide funds. In fact, before you can even open a line of business credit or obtain a business credit card, you must complete 6 of the 10 steps in Josette’s plan, including registering your business, getting an EIN number (a business social security number), and opening a business bank account to name a few.
It is essential that you not only know what business credit is, but that you also have an action plan on how to build your business credit. If you haven't already, listen to last week's episode for the definition of business credit and then check out this week's episode of Girl Get Fundable to get started on building it! You won’t want to miss Josette’s FREE and easy-to-understand 10-step business credit building plan.
Quotes
• “I want you to be able to walk away from today’s episode knowing exactly what ten steps you can take and use as a checklist in order to build your business credit fast.” (2:16-2:29)
• “You can build business credit non PG, which is non-personal guarantee, and then you can build credit with PG, which would be personal guaranteeing.” (3:45-3:55)
• “Building your business with no personal guarantee separates you from the business, the expenses, the actual entity. Whatever it is you have in your business name would actually be a liability of the business, of the company.” (4:24- 4:39)
• “Opening a business bank account is crucial. Why? Because when you have this business banking account, you can keep your expenses separate. Personal on the one side, your business on the other.” (7:53-8:10)
• “The 3 business bureaus are: Dun & Bradstreet, Experian Business and Equifax Business.” (14:12-14:18)
Links
josettefleury.net
https://josettefleury.net/podcast/
https://josettefleury.net/girl-get-fundable-acceleration-course/
https://securingmygems.com/business-loan/
Follow us on social:
Instagram: www.instagram.com/josette.iamsecuringmygems
Clubhouse: www.clubhouse.com/@ladyfleur
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Podcast production and show notes provided by FIRESIDE Marketing