In 2014, at the age of 24, I started my first business. I had no experience. However, I was determined to turn my passion into profits. Yet, it was passion into poverty. The business required high compliance, high cost of capital, and periods of low return on investment. I knew my personal credit was important. But what about business credit.
Following the traditional route of funding a startup, most entrepreneurs choose to self-fund. Self-funding is utilizing the owner’s personal credit, giving a personal guarantee, and pledging collateral. I chose to do all three. After an $80,000 loss, I quickly was faced with the risk of losing my business. Instead of closing down, I pushed back.
Over the course of 24 months, my research has allowed me to unlock over $100K for my business without the use of personal credit.
I’ve collected this information from multiple financial resources and created my own business credit building system. Business Credit Secrets for Entrepreneurs will give you the knowledge and power to work with large contractors and to move mountains. Let’s get to the money, while protecting your brand, and building wealth.