FREE YOURSELF FROM GUARANTEEING YOUR BUSINESS 

Annieca is back with another episode of The Game Changing Podcast, and today we welcome TY Crandall, CEO at Credit Suite. By far, a great majority of small business owners are guaranteeing their businesses with their own money. But you don't have to keep risking your own assets because of business credit.

Business credit is a way for you to protect your personal assets while simultaneously growing the business and allowing it to pay for itself. Business credit goes along with the business in the event you need to sell, but it actually increases its value too.

Business credit is what allowed some behemoths like Walmart and Apple to grow, and this same strategy will work for small businesses too. The obstacles that prevent you from getting personal loans are not the same as business credit and Ty shares how you can get this set up for your business as well.

GAME-CHANGING NUGGETS

Ty: Guaranteeing your business with your own money is risky

"That's why I say business credit's really a way for a business to fund itself because you're ultimately building a credit profile and score, and then with that profile and score, you're then able to get the business to stand on its own. It can start getting its own money and a lot of cases, get away from guarantees."

Ty: Business credit adds to your company's value if it's time to sell it

"The bigger the credit profile is, the credit profile goes with the business if it's ever sold so it actually increases the enterprise value of your company just by having it. But you got to continue to build it. So once we get these 5 accounts reporting, then the next thing we want to do is we want to start continuing to get business credit by accessing retail credit."

Connect with Ty and learn more about his work:

LinkedIn | Personal Website | Credit Suite Website

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