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Deadly Business Mistakes That Can Cost You a GREAT Deal of Money
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ID#: 170105228
Posted: November 2, 2009
Expires: December 2, 2009
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Ad Header:
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Deadly Business Mistakes That Can Cost You a GREAT Deal of Money
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Category:
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Business services
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Location:
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Michigan
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E-Mail:
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susancarterbooks130@gmail.com
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Home Page:
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http://www.BusinessLinesOfCredit-Secrets.com
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Description:
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You've probably wished many times that you knew ahead of time how to avoid the mistakes that are going to cost you money. When it comes to your business, these can be so costly that you may lose thousands of dollars if you make them. Here are three of them.
o Not setting up your business in the correct Business Structure. Many individual business owners don’t think they need to set up their company as a separate legal entity, since it's only them working. They have no employees and no co-workers, so they combine their business accounts with their personal accounts. This combining of funds and expenses can cause a huge crisis for the business owner.
o Not presenting your business as “established” and in working order. This means that your business has its own address and phone number. It is very important that your business is listed in the national “411” directory. Many people run their business using a cell phone number as their business phone number. However, a cell phone number is not acceptable for most financial institutions.
o Not checking your credit report. When you are a new business and try to apply for business lines of credit, or trade credit (i.e. Home Depot card), vendors and financial institutions generally ask for a personal guarantee before extending business credit to your company. If you have not checked on your personal credit reports, and there are mistakes, you may lose your ability to get business credit because of the negative data.
Find out more about setting up your business structure. Learn the secrets of presenting your company as “well established” so you can get business lines of credit, business credit cards, and startup loans.
For more information go to: http://www.BusinessLinesOfCredit-Secrets.com.
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