Your business credit score is an important lifeline if you ever need to borrow funds. If you have a business credit card or any business loans, you may have a business credit score and not even know it. Building a great business credit score takes time, but there are many misconceptions on what may harm your …
Shortage of capital is the biggest challenge entrepreneurs say they face, and one of the most common reasons they fail. That’s the reason Rich Dad Advisor Garrett Sutton and Nav’s Head of Market Education Gerri Detweiler teamed up to write Finance Your Own Business: Get on the Financing Fast Track, a guide that will help …
An entrepreneur had spent $80,000 buying a corporation that he was assured came with access to $250,000 in credit lines. He got the corporation, all right, but the promised credit lines never materialized, and he had to start from scratch. Oops. That story was shared with my friend Gerri Detweiler by small business attorney Garrett …
“Dear Steve, I recently bought a small business that my father established before his death about a year ago. The business consists of intellectual property (music he composed, books he wrote, a piano teaching method, and audio CD’s to accompany same) created and marketed solely by my father. For the past year since my father’s …
The Federal Trade Commission and the New York and Florida Attorneys General charged The Tax Club’s telemarketing operation with deceiving consumers who mistakenly believed its services would help their home-based business succeed. The agencies seek to end the allegedly illegal practices as part of their continuing efforts to stop scams that target financially strapped consumers. …
“Dear Michael, My husband and I lived comfortably and had a good run for the first 10 years of our 22 years of marriage. However, we helped others a little too much and then we ran into some issues when my husband lost his job and we were forced to open up his side business …
Now that the new CARD Act (Credit Card Accountability, Responsibility and Disclosure Act) has been implemented to prevent unfair interest rate hikes and protect consumers there is a big loophole if you use your personal credit card for business purchases. The problem is that the CARD Act does not apply for business or corporate credit …
I just started a new blog to help small business owners. Helping businesses is a hobby of mine and something I consider to be fun and invigorating. The goal of the site will be two-fold. First, I want to help new business owners with dreams to get off on the right foot. But second, I …