E-Book & In Person & Digital Workshop Access
Deliverables include:
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Overview of Business Credit: Explain the importance of business credit and how it differs from personal credit.
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Benefits of Business Credit: Discuss how having strong business credit can unlock financing, business growth, and better supplier terms.
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Credit Reporting Agencies: Brief overview of major business credit bureaus like Dun & Bradstreet, Experian Business, and Equifax Business.
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How Credit Scores Are Calculated: Explain the factors affecting business credit scores (payment history, credit utilization, etc.).
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Checking Your Business Credit: Provide a guide on how to check and interpret business credit reports.
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Legally Form Your Business:
- Ensure business is registered with the state.
- Obtain an EIN (Employer Identification Number).
- Open a business bank account.
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Separate Business and Personal Finances:
- Importance of using business accounts, credit cards, and keeping separate financial records.
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Establish Credit with Vendors
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Identify vendors and suppliers that report to business credit agencies.
- Apply for net-30 accounts (e.g., Uline, Quill) to build early credit.
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Apply for Business Credit Cards
- Start with secured business credit cards if necessary.
- Use business credit cards wisely to build a positive history.
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Monitor Business Credit Regularly:
- Regularly review credit reports for accuracy and correct any errors.
Building Business Credit Fast
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Trade Credit Accounts: Focus on vendors that report regularly to credit bureaus.
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Business Line of Credit: Teach how to qualify for a business line of credit.
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Secured Business Credit Cards: If starting from scratch, suggest applying for secured business cards.
Workshop Activities (Hands-On)
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Business Credit Registration Setup:
- Assist attendees in applying for their EIN and DUNS number (Dun & Bradstreet identifier).
- Help them set up their business on major business directories and credit reporting platforms.
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Building a Vendor List:
- Have participants create a list of potential vendors they can open accounts with. Provide guidance on which ones report to business credit bureaus.
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Applying for Business Credit:
- Walk participants through the process of applying for business credit cards or lines of credit.
- Create action plans for maintaining positive credit activity (e.g., automated payments).
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Creating a Business Credit Monitoring Plan:
- Show participants how to set up monitoring with platforms like Nav, Dun & Bradstreet, or Experian.
- Allow participants to ask questions about specific credit-building challenges.
- Provide actionable next steps for attendees.
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Credit Builder Checklist: Provide a step-by-step checklist that outlines all the critical actions participants need to take to establish and grow their business credit.
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Workshop Workbook E-Book: Include templates, action plans, and a list of resources such as vendors and credit monitoring services.
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One-on-One Consultations: Offer the opportunity for private credit coaching sessions or audits.
We will schedule your workshop via zoom or in person 24-48 hours after payment has been received.