Hi! I'm Dane Carlson, and welcome to the Business Opportunities Weblog. I've been publishing this website, by myself, and sometimes with the help of others for over twelve years now. You'll notice two things about this site right away:

  • We have tons of content. In fact, since November 2011, I've published more than 26,000 posts on thousands of different business ideas and opportunities.
  • We don't sell much advertising. In late 2013, I realized that by selling advertising, what I was really selling was my readers. In 2014, I've already radically cut down on the number of ads and will hopefully keep cutting.

No one likes discussing credit, but, now more than ever, it’s critical to improve your credit as part of running your small business. According to Rhonda Abrams over at USA TODAY, there are ways to improve your credit even if your credit is lousy now.

• Get help! The single most important thing I did was I outsourced my financial management. I realized I was terrible at taking care of my bills. Entrepreneurs want to handle everything themselves, especially their money, but, like me, they’re not always good at it.

• Check your credit score. When you own a small business or are self-employed, your personal credit score and your business credit are entwined. Typically, you’re going to have to give a personal guarantee for business loans, to your vendors, to sign a lease or buy a van. Business creditors are going to check your personal credit score. So pay attention!

• Use different types of credit. Most entrepreneurs rely on personal credit cards to help finance their business expenses. I did too, and sometimes still do. Credit cards are easy to use, and if you pay them off, convenient and cheap.

More than ever, managing your credit is part of running a good business.

Photo by savvyshopper.

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Originally posted by Rich Whittle on July 23, 2010 in Ideas.


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