4 steps you can follow to build your business credit

As an experienced Canadian credit reporting professional and a business man himself, Pat Drummond knows the challenges that small businesses face, and has learned from experience how to avoid common mistakes, which may eat up valuable time and money. Small businesses especially ones that are generally family-owned or those that have been operating for less than 2 years need access to credit. Here are 4 steps you can follow to build your business credit:

1. Establish a Business Credit Report

Every business starts with no credit score, and no credit history. Similar to your personal credit report, a business good credit profile can help your company grow and prosper. As you make connections to your business clients, you can start to build your working relations and credit profile.  As the business expands and starts establishing it, approvals for loans will get easier.

2. Leverage Business Relationships

It is important to start building a good business foundation and working relationship with your suppliers. There may be a variety of vendors which your business relies upon to get the job done or to provide products and having a great working relationship can help to improve your business credit report. If you regularly shop at Home Depot for example, you can open up a contractor account and start to build your business credit in that way. Many companies will offer perks and special discounts for regular customers. This includes private businesses and contractors.

3. Justify the Loan

Having a sound business plan will go a long way into helping secure the credit and loans that your growing business needs. When requesting credit, lenders such as banks will want to know what you plan to do with the money. A solid plan will not only help you success on your plan, but will also calm the nerves of lenders and any investor who may want to support the business financially.

4. Separate Business from Personal Credit

This is a common mistake among small business owners. It is easy to fall into this situation because you want your business to succeed. However, keep in my that separating your personal finances and your business finances is a must. Your credit report will be in a much healthier position and you will reduce the risk of your business impacting your personal credit score. If the business were to ever close or go bankrupt the consequences can be significant and even worse when you are held personally liable for business debts.

How to Choose Direct Public Offering Consultants

Looking for Direct Public Offering Consultants? Why Choose Dynamic Bear as your Partner

by  Carol Duncan

Today’s dynamic markets can be highly challenging, but the team of professionals at Dynamic Bear have got what it takes to help clients achieve success, beginning with a well-organized direct public offering and moving forward to help clients expand and realize their goals of success down the road. The team has years of experience helping companies establish a strong foundation and develop a promising outlook for growth and achievement.

Dynamic Bear’s Record of Success

 

The talented team at Dynamic Bear researches companies carefully before investing or offering loans. The team is committed to working with stable, reputable companies with a successful track record of paying strong monthly dividends to shareholders. The team is careful to deal only with companies that have a product or service that is tangible and profitable, as well as a high performance track record when supervising a direct public offering. Dynamic Bear’s list of clients include those from the oil and gas sector, real estate industry, financial services and the world of technology.

Investors are Partners

 

James Timothy White, Dynamic Bear’s Director and CEO, and his team of financial experts consider their shareholders to be investment partners. This begins with the direct public offering and moving on through the successful growth of the company. Each organization that enters into a partnership with White’s firm becomes a conduit through which shareholders can grow their assets.

Strategic Investments

 

From the moment Dynamic Bear’s team guides a company through a direct public offering, all equity is placed in investments that are as safe as possible. The dividends and interest earned from the secure investments are re-invested into higher-risk ventures like consumer and credit facilities and oil and gas, which tend to result in even higher returns. This particular investment strategy has proved effective through challenging economic times, and has enabled our clients to realize ongoing stability and success.

Paying Dividends

 

Dynamic Bear is first and foremost a dividend paying company, with the goal of distributing quarterly dividends to shareholders. Each specific dividend is determined by the board of directors, and is based on the company’s net income for the previous quarter. The company sometimes supplements or modifies the distribution of the quarterly dividends with unanimous approval by the board of directors.

Shareholder Benefits

 

Companies that join Dynamic Bear’s team can also benefit from special perks that enable them to save money on certain products and services. Individuals that qualify for the perks can be either one of Dynamic Bear’s employees or an investor holding at least one share of stock. Discounts, free items and special offers are constantly available to individuals and companies that partner with Dynamic Bear.

Any company needing assistance with a direct public offering would be wise to choose Dynamic Bear as a financial consultant and partner. The successful dividend-paying firm has a record of making lucrative investments on behalf of savvy companies in a variety of industries, and employing only top-notch corporate financial consultants.

 

Learn how to stop paying for postage

Learn how to stop paying for postage, and get a higher customer adoption rate

Yes, you read that right!  It’s not that postage is going down – in fact, expect postage rates to climb as service slows down due to cost-saving closures by the USPS. No, the reason your mailing and printing costs are going to go down is due to a new form of technology called iPDF Billing offered exclusively by CTP Solutions.

Whereas you may have previously relied on printed, mailed statements to your customers, you now have the option of sending interactive electronic statements or a combination of electronic and printed statement to your customers. The great thing is, there’s a 35% – 50% electronic adoption rate for typical customers because the iPDF technology also offers them many great benefits.

For instance, customers can interact with their invoices in several ways:

• accessing their payment histories
• asking questions through a linked chat button to your customer service team
• learning about limited-time promotions your company is offering
• taking advantage of offers from your ‘paid’ affiliate advertisers.

Yes, I said ‘paid.’  What that means is that you can actually derive advertising revenue simply by offering unused ‘white space’ to others to market their products/services.

Plus, the iPDF technology allows you to modify and personalize the invoices you send out through its highly-flexible customer control of images, offers, and messaging using a graphical user interface.

Through the delivery of an interactive PDF (iPDF), you’ll be seeing costs going down and increased efficiencies for your company, your marketing and customer service team, and your document recipients.

Picture this: immediate delivery of invoices with no postage expense, less customer calls questioning bills and faster payments back to you.  Sound good?

Join us on September 18, 2013 at (time of webinar) for our free, hour-long webinar entitled, “Electronic Billing: How it Can Improve Your Bottom-line.” To sign up for the webinar or for more information prior to our webinar, please contact Jack Schachtel email jschachtel@CTPsolutions.com or call me  at: 818-597-1222 ext. 304

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