Listen to our blog on 'Building Your Business Credit here:
On this segment of The Lifestyle Business Owner Radio Show, Aaron and Mayumi Muller sit down with David Murphy, the CFO of Business Finance Services. Murphy has been helping individuals improve their FICO scores for 27 years. Now, David Murphy successfully helps business owners improve their business credit, so they can access funding for their business, regardless if their personal credit is good or bad.
Aaron and Mayumi Muller own and operate over 8 multi-million dollar businesses, in other words, they can’t afford to have their business credit negatively affect their personal credit scores—and that’s when they met David. The key is to make your business credible.
Business owners successfully establish credibility by:
LET'S GET DOWN TO BUSINESS
Whether your business is a start up or simply wanting to build business credit, you need to make sure your vendors are listing and reporting your company to the three credit bureaus: Dun and Bradstreet, Equifax and Experian. If you have been unsuccessful in establishing business credit--here's what you should be doing:
THE STREET SMARTS OF SMALL BUSINESS
Here on the Lifestyle Business Owner Show, we actively promote healthy and successful relationships with our customers. Our customers are the reason why we get to do what we love everyday and their patronage can make or break our business. During our last two segments, we have been breaking down the steps of the Lifestyle Business Owner Formula, starting with 1. Buying the business 2. Increasing the profits and 3. Customer Snowball Effect.
The Customer Snowball Effect is the cultivation and expansion of the WOW factor that business owners need to present.
Continue to create a WOW customer experience and you will see the benefits!
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