Business Reality Check
Business Reality Check Unfortunately, the majority of new businesses fail.
Why? There are many reasons. A great many fail because of lack of capital. And others simply get hit by a change in market forces. By establishing a corporate entity and building corporate credit you can greatly reduce your downside risk. You will have the financial resources in place if, or when problems arise. And, if things do fail, you will lose all the time and effort you invested, but you WON’T lose your house, car and family possessions.
If you decide to create your business using your own personal credit and credits cards you risk EVERYTHING!
Despite what the Corporate Credit Building sharks would like you to believe, this process does take some months before you see real results. A bad personal credit score can slow down the process initially, but won’t stop the process. You can build a large corporate credit profile with BAD personal credit!
It doesn’t requires hours per month to manage this building process. The hardest part is just getting started. We are still actively building our corporate credit today! So is Donald Trump, Warren Buffet, Ted Turner and yes, even Oprah. You will soon discover that THIS is what the truly wealthy do!
Build your corporate credit, leverage it to buy assets, use those assets to raise more financing and credit, rinse and repeat, etc., etc., etc.,