I am starting a business with little credit and resources and want to know what some good advice would be?

im 29 and i realy dont have a credit history and what i have isnt that great...Is it possible to start a busines like this?I am starting a business with little credit and resources and want to know what some good advice would be?
A true business credit card is a line of credit that is taken in the name of the business, under the business' credit. Activity, whether good or bad, is reflected on your business' credit report through D%26amp;B and other financial institutions, and the liability for any debts incurred and bills owed is with the business.However, some companies out there offer ';business'; credit cards which they require a person guarantee for. These institutions will often ask for a personal guarantee, and will almost always ask for a social security number from the person applying for the card. If this is the case, the credit card is not a business credit card, but is simply a personal credit card which is used for the business. The business is not liable for bills and debts - you are.When applying for a credit card for your business, watch out for areas asking for your SSN (and not your TaxID or EIN) and be wary of any credit card that asks for a personal guarantee. By ensuring that your credit card is in the name of your business, you can help to build your business' credit, while avoiding creating problems with your own.





Many companies offer a list of credit cards that are issued under the business name only. Those lists typically run $300-$900, depending on the quality of the information inquiring. I would suggest starting your search online via google or yahoo. Search for ';strong business credit'; (just like that in quotes) to find services that sell the information.





Good luck,





Ilya Bodner


Small BusinessOwner


Initial Underwriting GroupI am starting a business with little credit and resources and want to know what some good advice would be?
Yes it is. I was in the same situation. I wanted to start my own business too and had no credit and very little money. Then I found this great way to make money through promoting other peoples products.





My goal was to make enough money to start my business then focus all my time on that, but this income is too good to pass up so now I am doing both and make really good money.





My suggestion is for you to find another income source first until you have enough money to start your business. Make sure you put away enough money to survive for 6 months before you start your business.





Good luck!





Annika
Ideally you should have enough cash and credit to set up your business and support yourself for two years.





If you don't have the money or the credit your best bet is to look for investors. To find them ask around to see if anyone you know is either interested or knows someone who might be. You should also try classified ads in the nearest big city Sunday paper.





Good luck


Jerry-the-bookkeeper