Tag: Steps

5 Steps To A Flawless Interview

5 Steps To A Flawless Interview

Are you gotten ready for your following task meeting? Do you recognize the tricks of managing a remarkable meeting as well as obtaining the task of your desires? Make use of these 5 simple actions to prepare on your own as well as leave the very best perception feasible with the hiring supervisor.

Be Early – The worst point you can do is reveal up to a meeting late. By revealing up early you are revealing and also showing regard of the hiring and also the business supervisor. Face time is crucial, the longer you have with the hiring supervisor the much better your opportunities will certainly be to obtain the work.

Study the Company– Never stroll right into a meeting without recognizing anything concerning the business. Do some study; discover out just how numerous centers they have, that is the CEO, and also what current information has actually come out regarding the firm. I am constantly excited with individuals that have actually done their research study as well as are severe regarding functioning for the firm.

It is a tested reality, that working with supervisors will certainly assume the meeting go much better if they do a great deal of speaking. Utilize your study as well as ask a whole lot of concerns to obtain the meeting talking.

Lug Copies of Your Resume– Hiring supervisors are several times and also hectic individuals they do not have a duplicate of your return to when they go into the area. Also if they do have a duplicate, a whole lot of the time, it will certainly be a fax duplicate from the employer. Later on, when the hiring supervisor is examining your resume you will certainly stand a far better opportunity of obtaining the task or at the very least the 2nd meeting.

5.Follow-Up– After the meeting, it is constantly an excellent concept to follow-up with the hiring supervisor is some means, form, or kind. If you really did not obtain a card throughout the meeting, after that send out a respectful thank you letter. The objective right here is to obtain the hiring supervisor to believe of you once more.

Do you recognize the tricks of drawing off a perfect meeting and also obtaining the work of your desires? It is a tried and tested truth, that employing supervisors will certainly assume the meeting go much better if they do a whole lot of chatting. Utilize your study and also ask a great deal of concerns to obtain the meeting talking.

Later on, when the hiring supervisor is evaluating your resume you will certainly stand a far better possibility of obtaining the task or at the very least the 2nd meeting.

5.Follow-Up– After the meeting, it is constantly a great suggestion to follow-up with the hiring supervisor is some type, form, or means.

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Mapping Out the Steps to Building Better Credit

Traveling isn’t hard right? I mean, you just jump in your automobile of choice and hit the road.  It’s a whole lot easier however, if you map out your trip. The same is true of building better credit.  It isn’t hard, but it is easier if you map out the steps you need to take first .

If you are going on a trip, you map out your route, right? You plan your stops along the way.  You research potential roadblocks, and you estimate the time you will arrive at your destination.  The same things need to happen when working on building better credit. 

You Can Be Successful at Building Better Credit; You Just Have to Know the Steps

Before you can map out your route, you have to know where you are and where you are going.  Sometimes, especially when flying, the best route is from an airport other than the one closest to you.  You have to be sure you start from the right spot. That is the first step in building better credit for your business as well. 

Check out our best webinar with its trustworthy list of seven vendors to help you build business credit. 

Building Better Credit: The Starting Point

Of course, the best place to start is from the beginning.  This isn’t always possible however. Sometimes, you have to backtrack.  Take stock of your surroundings and determine where you are, versus where you need to be to get the best start. 

That sounds complicated, but it isn’t really.  Fundability is key. If your business is already fundable, you are set.  If not, then you have a little extra work to do, but you can do it. We’ll show you how.  The first thing to do is take stock and ensure your business is fundable.  

What is Fundability? 

This step is much easier to take if you understand exactly what fundability is. Fundability is, for our purposes, how desirable an entity is for funding.  When we want to talk about building business credit, we mean funding from creditors. Some things that make you appear fundable you can control. Somethings you cannot control.  For example, you can control whether your business has its own separate contact information. However, you cannot control the length of time you have been in business. You have to work with what you can control.

Building Better Credit: Checklist for Fundability

Okay, so the first step in mapping out the steps to building business credit is to check the fundability of your business.  This includes more than you may think. Of course, it is related to the financial standing of your business, like whether or not you can pay back debt.  However, many businesses are turned down for business credit not because they cannot repay the debt, but because of fraud concerns.  

Making sure your business is set up as a separate, fundable entity that is separate from the owner will not only help with this, but it will also ensure that business credit accounts are reported properly. This too is a big part of building business credit.   So, let’s get to it. Here is your business fundability checklist. 

Business Fundability Checklist

This is like tuning up your car before a trip.  You need to work down the list to ensure everything is in working order. The first things to check off the list are related to how your business is set up: 

  • Separate address and phone number from the owner. 
  • EIN
  • Formally incorporated as an LLC, S-corp, or corporation
  • Separate business bank account

If you set your business up in this way when you first opened, you’re good.  If not, you may need to backtrack to get things how they need to be.  

The next steps have to do with the information that is out there on your business both online and offline. 

  • Make certain all licenses, insurance, public records, and anything else related to your business are recorded with the proper information. This includes the business phone number and address as well as the EIN.  Everything needs to be in the business name, and all contact information has to be in the business 411-directory. 
  • Have a professional website.  Lenders may or may not research your business before approving a loan, but if they do, having a poorly put together website or no website at all will not bode well for your chances. 
  • Make sure you have a dedicated business email address that has the same URL as your website.  
  • Get a D-U-N-S number.  If you do not have one, you will not have a credit profile with Dun &Bradstreet. Since they are the largest and most commonly used business credit reporting agency, you need to have a profile with them. That means you must have the number. 

Where Do You Stand? 

At this point you see you are either in good shape, or you have some work to do.  The next step, if you need to get yourself in a position more useful for building business credit, is to do whatever you need to do to take care of those items listed above.  Once you are good there, move on to the rest of the checklist. 

Check out our best webinar with its trustworthy list of seven vendors to help you build business credit. 

Building Better Credit: Fundability Checklist Part 2

Evaluate the following and see where you stand. 

Make Sure You are Turning a Profit, or at Least Have a Plan to Do So

Lenders aren’t in the business of giving handouts. Rather, they need to know you can pay back the funds they lend you. Thus, if you are bleeding funds, you are going to have a hard time getting approval.

How do you turn it around? Do some financial triage. Look for ways to cut expenses.  Do you need to close a location, cut some hours, or explore other options? Maybe leaning harder on your clients with unpaid invoices would help.

Have a Plan for Borrowed Funds 

Lenders will want to see that you have a clear strategy for how you intend to use the funds they lend you.  First of all, they want you to demonstrate you will be responsible with their money. In addition, they also want to know how you will use the money they give you to make more money. 

Why is this important to building better credit?  You need accounts reporting to the business CRAs. To do this, you will have to use vendor and retail credit.  They will not ask how you intend to use the funds, but you need to have a clear idea of how you are using the funds to build your business other than for building credit. 

Here’s what I mean.  You will need to get a business credit card that will report to the business CRAs.  You will need to charge things on that card. What you do not want to do is charge things on that card that you do not need or will not benefit your business at all. 

Check Your Growth Strategy

If you do not have a plan for success, you will not appear fundable to lenders.  They’ll want to see that you have a clear strategy for taking your business all the way.  

Building Better Credit: Mapping the Route

Okay, so you’re all tuned up and ready to hit the road.  Now you need to check your route. It can be tempting to take the most direct route, but often that is not the best route.  When building credit, it can seem that simply using your personal credit is the best way. It’s not. You can’t just willy nilly start applying for business credit cards though either.  You’ll get denied, and that won’t do you any good. 

We know the best route, and while it doesn’t appear to be the fastest, it is.  This is because it is really the only route. The others are viciously misleading and will not take you where you want to go. 

Building Better Credit: The Vendor Credit Tier

This route to building business credit travels across what we like to call the credit tiers.  The idea is that you get accounts reporting in tiers, so that they can build on each other. You have to do it in order, because if you apply to a higher credit tier first, you will not have strong enough credit to get approval.  

The first of these tiers is the vendor credit tier. Here is why it is the best way to start building business credit.  This tier is made up of retailers that will extend net 30 terms without even checking your credit. Not only that, but they will report your payments on these invoices to the business credit reporting agencies.  This is how you get positive accounts reporting on your credit report before you actually have a credit score. Find a few to get started with here. 

As you get more and more of these accounts reporting, you credit will grow stronger and stronger. If you want to work toward building better business credit even faster, consider talking to those you already have a relationship with.  Sometimes vendors you already work with will extend credit without a credit check. You can also ask utilities, telephone companies, and your landlord to report payments you make to them. They don’t have to, but some will if you ask. 

Building Better Credit: The Retail Credit Tier

Once there are 5 to 8 or more vendor trade accounts reporting to at least one of the CRAs, then you can move on down the road to the retail credit tier.  These companies are retailers also, but they do not extend credit so easily as those in the vendor credit tier. They include those retailers that issue credit cards that can only be used at their own stores such as Office Depot, Staples, and Lowes. 

For example, Lowes reports to D&B, Equifax, and Business Experian. They want to see a D-U-N-S and a PAYDEX score of 78 or more.  You cannot get that 78 PAYDEX without accounts first reporting to the CRAs. That’s why you have to hit the vendor credit tier first.

Check out our best webinar with its trustworthy list of seven vendors to help you build business credit. 

Building Better Credit: The Fleet Credit Tier

After 8 to 10 accounts are reporting from the retail credit tier, you can follow the route to the fleet credit tier. It includes companies like BP and Conoco that limit the expenses their cards can be used for.  Fleet credit cards can only be used for fuel and vehicle repair and maintenance cost. 

The Final Destination: The Cash Credit Tier

The final destination along the route to building better business credit is the cash credit tier.  These are those credit cards with higher limits, lower rates, and nice rewards that do not limit the place they can be used or the type of expense they can be used to pay.  If you stay on the path, you should reach this destination with no problem. 

Staying on the path means, of course, that you handle your credit responsibly and make your payments on time.  You also need to monitor your progress along the way, and make sure nothing is slowing you down.

Building Better Credit: Monitoring

Know what is happening with your credit. Make sure it is being reported and attend to any mistakes as soon as possible. We can help you monitor business credit at Experian and D&B for only $24/month. Go to www.creditsuite.com/monitoring to find out more. You can also monitor with the CRAs directly, but it will cost considerably more.  

You are looking for a few things when monitoring your business credit.  First, you want to see that each of your accounts are reporting payments.  If they aren’t, contact them to find out why. Next, you want to make sure all of the information is correct.  If you see a mistake, send a letter to the reporting agency in writing, along with copies of backup documentation. 

Lastly, you need to see how many accounts are reporting so that you will know when it is time to start applying for cards in the next credit tier. This will save you a lot of time, because you will not be applying for cards for which you cannot yet get approval. 

building better credit Credit Suite

The Path to Building Better Credit is Wide Open if You Know Which Direction to Go

Building better credit is possible if you know the steps.  Once you make sure your business is set up properly to begin building business credit, you have the whole road open to you.  Along the way, as you are working, you can take any other steps necessary to ensure your business is fundable. When the time comes to apply for loans, you will be set because you will have built the best business credit score possible for your business. 

 

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How to Increase Business Credit: 5 Simple Steps Every Entrepreneur Can Take

And How to Get Business Credit if You Don’t Already Have It

Business credit is a vital part of your life as an entrepreneur, even if you do not know it. The fact is, it is almost impossible to run a successful business without it.  Unfortunately, many business owners do not realize this until after their business credit is in shambles.  If this is you, then you need to know how to increase business credit.

While it isn’t easy, it also isn’t impossible to improve your business credit score.  Of course, the most obvious thing to do is to pay your bills on time.  That is most definitely part of it.  There are other steps you can take to raise your business credit score as well, however.

What is Business Credit?

Before you can really understand how to increase business credit, you have to understand what it is in the first place.  It is similar to personal credit.  However, it is credit in the name of your business rather than the name of the individual.  It is used as a predictor of the ability of the business to handle debt.

The beauty of this is, if you have business credit, your business transactions will not affect your personal credit.  Your personal credit score can be protected from any mishaps with your business.  It is important to know, however, that the reverse is not always true.  In some cases, your personal credit can affect your business credit.  Some business credit reporting agencies (CRAs) use information from your personal credit report to calculate your business credit score.

Share our foolproof business credit building checklist and tell your friends about how you’re building business credit the quick and easy way.

In addition, some lenders will check both your personal and your business credit.  This means that, while business credit is essential to running a business successfully, you shouldn’t ignore your personal credit score.  It is important to both your personal and business finances.

How Do You Get Business Credit?

Growing company credit is a process. It does not occur without effort. A company must actively work to establish small business credit. This is in direct contrast to how personal credit builds, often without your knowledge that it is even happening. You do have to work the steps of the process in order however.  If you do not already have business credit, here is how to start.

A small business must exist as its own entity separate from its owner, and it must be fundable to lending institutions and merchants. This means formally incorporating as a corporation, S-corp, or LLC.  It also means getting and EIN, which is like an SSN, but for your business.  They are free on the IRS website.

Then, you need to ensure your business has its own, dedicated email address, fax number, and telephone number.  Get a listing on 411 by going to http://listyourself.net.  List the business contact information with the business name. The phone number should be toll free.

As for the email address, it can’t be from a free email service like Yahoo or Gmail.  It needs to have the same URL as the company website.  Yes, your business needs a professional, well put together website.  Don’t use a free hosting service for this.  Use a paid service like GoDaddy.

A small business also needs a bank account devoted purely to it.  All business transactions should run through the business account.

You will also have to get a D-U-N-S number.  It’s free.  Start here.

How Do You Get Credit Without Credit?

Here’s the thing.  We all know not having credit is virtually the same to lenders as having bad credit. When it comes to business credit, there is a secret to get accounts reporting on your business credit file.  This secret is the vendor credit tier.  These are beginner trade lines that will extend invoices with net terms without even checking your credit.  Then they will report your payments on these invoices to the business credit reporting agencies.

In this way, your business credit score can start to build like a snowball.  As it grows, you will become eligible for credit from more and more companies.

You want 5 to 8 of these to move onto the next step, which is the retail credit tier. Who are these vendors?  How do you find them?  Here are a few of the easiest to get started with.

Uline

Uline is a true starter vendor that offers shipping, packing, and industrial supplies.  They report to D&B.

You have to have a D-U-N-S number, and they request 2 references and a bank reference. The initial few orders may need to be prepaid before you can get approval for Net 30 terms.

Quill

Quill is another option that is easy to get started with. They sell office, packaging, and cleaning supplies and report to D&B and Experian.

Because Quill reports to two separate credit reporting bureaus, you get two credit experiences with them. Place an initial order first unless the D&B score is already established.

Ordinarily they put you on a 90-day prepayment schedule. If you order items monthly for 3 months, they normally approve you for a Net 30 Account.

Grainger Industrial Supply

Grainger Industrial Supply sells safety equipment, plumbing supplies, and more.  They report to D&B. You need a business license, EIN, and a D-U-N-S number to get a net account with them.

For less than a $1000 credit limit they approve nearly anyone with a business license.

Retail Credit Tier

Once there are 8 or more accounts from the vendor credit tier reporting to at least one of the CRAs, the next step is to apply for credit from the retail credit tier. These are companies such as Office Depot and Staples.

Fleet Credit Tier

The fleet credit tier is next.  These are businesses like BP and Conoco. Use this credit to buy fuel, and to fix and maintain vehicles.

Cash Credit Tier

The final tier is the cash credit tier. These are companies such as Visa and MasterCard that are not attached to a specific store.

Share our foolproof business credit building checklist and tell your friends about how you’re building business credit the quick and easy way.

How to Increase Business Credit if You Already Have it

What if you already have a business credit score and it’s not good?  It’s easier to increase something when there is no negative information counteracting the positive.  What if you already have negative information on your business credit report.  Here is how to increase business credit in that case.

5 Steps for How to Increase Business Credit

1.      Add tradelines

Here is how you do that. You can use the starter vendors mentioned above, but if you already have established business credit, that isn’t the only way.  You can also ask the vendors you already have a relationship with about starting a credit relationship.  Ask if they will extend you credit based on the merits of the relationship you already have, and ask if they will report the payments.  Even if you only get one or two to do it, your credit score will only increase with the positive payment history being recorded.

2.      Ask to delete paid off collections.

Did you know that if you have an account that goes to collections, it will stay on your credit report even after you pay it off?  That’s right.  The negative hit stays on your report even if you pay off the account in full.  You can ask to have it removed however.  Be sure to do that.

3.      Ensure all information is correct and up to date.

Take the initiative to notify credit agencies of changes in address, phone number, email addresses, etc.  In addition, monitor your business credit reports so you can dispute any mistakes.

Update the details if there are errors or the information is incomplete. At D&B, you can do this at: https://iupdate.dnb.com/iUpdate/viewiUpdateHome.htm. For Experian, go here: www.experian.com/small-business/business-credit-information.jsp. So for Equifax, go here: www.equifax.com/business/small-business.

4.      Ask for an increase to your credit limit.

Your credit utilization ratio is the amount of debt you have in relation to the amount of credit you have available to you. If you are using a ton of your available credit, your ratio will be high.  The reverse is also true. When people ask themselves how to increase business credit, they often do not realize this.  Once they do see it, the next step is usually to add accounts in an effort to increase the amount of credit available.

However, this isn’t always the best option because the average age of all reporting accounts affects your credit score as well.  If you are adding new accounts, that average age decreases, which negatively affects your account.

Another option, which works much better, is to ask your current accounts to raise your credit limit.  This way, you have more available credit, decrease your credit utilization ratio, and leave your average age of accounts unaffected.

5.      Make payments on time!

Duh, right?  It’s true though.  The number one way to answer the question of how to increase business credit is to make consistent, on-time payments.  Here’s a bonus tip too.  If you find that you need to stop carrying so many balances and have the means to pay a little extra on minimums, pick the balance with the highest interest rate and put all of your extra onto that balance.  Once it is paid off, take the total payment amount and pay that amount extra on the balance with the next highest interest rate.  As you see your balances getting paid down, you will see your business credit score increase. You’ll save money on interest also, since you are paying off the highest interest rate balances first.

Watch It Rise

While you are putting all these tips for how to increase business credit into action, pay attention to what your credit score is doing.  If you are not seeing an increase, however gradual it may be, you need to figure out what it going on.

How do you do this?  Each of the main business credit reporting agencies offer the option to purchase your credit reports. It’s not cheap.

At D&B you can monitor at: www.dandb.com/credit-builder. At Experian, you can monitor your account at: www.smartbusinessreports.com/Landing/1217/. And at Equifax, you can monitor your account at: www.equifax.com/business/business-credit-monitor-small-business. Experian and Equifax cost about $19.99; D&B ranges from $49.99 to $99.99.

We can help you monitor business credit at Experian and D&B for 90% less than it would cost you at the CRAs. See: www.creditsuite.com/monitoring.

What If You Find a Mistake?

Mistakes in your credit report(s) can be taken care of, but the CRAs usually want you to dispute in a particular way.

Disputing credit report errors normally means you mail a paper letter along with duplicates of any proofs of payment. These are documents like receipts and cancelled checks. Never send the originals.

Fixing credit report inaccuracies also means you precisely spell out any charges you contest. Make your dispute letter as understandable as possible. Be specific about the problems with your report. Use certified mail to have proof that you sent in your dispute.

Share our foolproof business credit building checklist and tell your friends about how you’re building business credit the quick and easy way.

Dispute your or your company’s Equifax report by following the directions here: www.equifax.com/small-business-faqs/#Dispute-FAQs.

You can dispute mistakes on your or your company’s Experian report by following the directions here: www.experian.com/small-business/business-credit-information.jsp.

And D&B’s PAYDEX Customer Service telephone number is here: www.dandb.com/glossary/paydex.

Now you Know How to Increase Business Credit

If you don’t have a business credit score at all, you will have to start from scratch.  Establish your business as separate from yourself.  Start building a score with the trade account from the vendor credit tier, then watch your score rise as you work through the rest of the credit tiers.

If you have business credit already, but it’s not great, you can still increase it.  Make sure all your information is updated.  Work on your credit utilization ratio by asking current accounts to increase limits. Establish trade lines with those vendors you are already working with, and ask the reporting agencies to remove collections that have been paid off.

More than any of that however, make your payments on-time and consistently.  If you need to take a breath, regroup, and rebudget, do it.  Not paying your bills is the number one way to ruin your credit.  Conversely, making consistent, on-time payments is the number one way to increase your score.

The post How to Increase Business Credit: 5 Simple Steps Every Entrepreneur Can Take appeared first on Credit Suite.

An Easy Wealth Exercise: Ten Steps To Wealth

An Easy Wealth Exercise: Ten Steps To Wealth

Invite to this easy, enjoyable and also very easy workout to enhance your wide range awareness, concentrate your mind as well as support on your own to make sure that you can accomplish wide range genuine, and also quickly.

The adhering to workout is simply among 365 various everyday “riches fitness center” mini-workouts that you can do right there and after that, before your computer system, without also needing to rise, as well as which does not take anymore than 60 secs to finish, from our “60 Second Wealth Creator Series”.

When you come down a trip of actions, this is a fundamental visualisation workout which is really cool to do for genuine.

In the meantime, envision you’re standing on top of a trip of actions as well as for every action, we’ll make a riches affirmation.

10. I await riches!

Take a deep breath as well as tip down to the following action.

9. Wide range is my due.

Take a deep breath as well as tip down to the following action.

8. I accomplish riches quickly.

Take a deep breath and also tip down to the following action.

7. Riches pertains to me conveniently.

Take a deep breath and also tip down to the following action.

6. I welcome riches ahead right into all I do.

Take a deep breath and also tip down to the following action.

5. Wide range is my companion and also my buddy.

Take a deep breath as well as tip down to the following action.

4. Riches is wonderful and also wondrous.

Take a deep breath and also tip down to the following action.

3. Riches participates in all as well as every element of my life.

Take a deep breath as well as tip down to the following action.

2. I get on my means to wide range …

Now take a deep breath as well as JUMP off the last action and also onto the following degree:

1. I AM WEALTHY!

Slap your hands and also provide on your own a round of praise!

If you appreciated this workout, of course occur as well as register for the complete program– it is totally FREE and also not just that, we have some remarkable incentives also.

Assume rich, FEEL well-off as well as BECOME WEALTHY!

Silvia Hartmann

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Five Steps to an Effective Content Strategy (And Tools to Start Implementing It!)

Content strategy can be defined as managing all tangible media that you create and therefore own, including written, visual, downloadable, etc. assets. This segment of a marketing plan is continuously demonstrating who you are and what expertise you are bringing into the industry. There is no niche where content marketing wouldn’t work. It all comes… Read more »

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