Is Your Business Financially Naked?

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The #1 Reason Businesses FAIL is Lack of Cash Flow.

Does your Business have the Proper Lines of Trade Credit and Cash Lines Established? Are You Losing Business Because of a Weak (or no) Business Credit Profile? One of the main reasons you incorporated or formed an LLC was to separate your business assets from your personal assets. This will help you limit your liability and have a better marketing advantage when it comes to joint ventures (the fastest way to grow your business especially host-beneficiary relationships).

The key is to separate for success. The biggest mistake we see is many entrepreneurs invest all their money to separate their personal and business assets but NEVER separate their personal and business credit (at least not properly).

4 Critical Reasons to Separate Business Credit (in your entity) from Your Personal Credit:

1. It is how your business will be evaluated for business and joint ventures. You may be losing clients, bids, vendors and joint ventures without even knowing about it. Why? The best way to check out a company’s financials is to invest $60 $150 with Dun and Bradstreet® to pull a report. This will tell you everything you need to know about someone’s business. Most of you will NOT like what you will see on a report of a joint venture company or key vendor. FYI, an 80 Paydex score will not cut it.

In fact, I would strongly recommend you pull a report on your own company. Go to DnBCredit Report for the options, you may be shocked as to what you see (or don’t see)! How do You Feel Standing Financially Naked in Front of Your Customers? Now it may be time to fix that and put your “financial clothes” on. Look at it this way; how does someone check out your company and what you say about it? Does your story add up? Can someone simply call the bank to pull your last three months of bank statements? No, that will not happen. Can someone call the IRS and ask to see your last three years tax returns to see if the numbers add up to the “story” you are painting about your successful company? Absolutely not. The best option that one can do to “check you out” is to invest the $60-$150 at D&B® and pull a report on your company. Company’s right this very minute are losing millions in revenues because JV partners, clients, vendors, and potential customers are deciding NOT to do business because of a very weak looking D&B® report. Now your business should have a strong business credit profile with Corporate Experian® and Business Equifax® in addition to D&B®. It is not only about separating your personal and business credit and securing access to more vendor and cash lines of credit, this is vital to any business success.

2. Whether you like it or not, Corporate Experian® is NOW creating profiles on companies through the SOS’s database on new filings. This means a profile is being created and you do not know what it will say to your potential customers (unless you know how to develop it properly).

3. Develop vendor lines of credit to protect your cash flow AND put your business in a better position to secure CASH LINES of credit to grow your business. As you know the banks have raised the bar dramatically on what is required to secure a bank line of credit. One key component is the amount of vendor credit granted to your business-not just an 80 Paydex score.

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Tips for International Clients Doing Business in the United States

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There are many advantages for international clients to establish a U.S. company. Two that are top on the list are to help you develop more trust with the largest consumer market in the world ($158.3 BILLION in online sales in 2010) and to help establish joint ventures with the U.S. market. A U.S. consumer would much rather prefer to do business with a U.S. company. If you are in Australia, the UK, or New Zealand, you appear offshore to the U.S. consumer…and that means potential problems when it comes to recourse, or for other issues. If you are overseas, it may be very expensive to get basic issues handled with customer service or refunds. In this case, the U.S. business owner or consumer would rather do business with another U.S. company. That is where you can come into play if you are international. You can establish a U.S. company (your U.S. Cash Machine) to access this market.
There are a few tips to help you do more business in the U.S. Market:

1. Utilize your U.S company. Actually, set up the merchant account, have revenue going through it, file U.S. tax returns and get the ball rolling. Don’t just wait until a big launch comes along. Operate it as a real separate company.

2. Promote your U.S. company online (just as you would your main company). It will look better if both your home country company and your U.S. company both have a lot of articles, videos and traffic online vs. just your U.S. company used like a “shell” just to store money from a launch you did in your home country. This gives the impression as someone searches on line that the U.S. company is for real!

3. Protect Your Name in the U.S. If you have a name that can be trademarked (listen to the August 2009 Top 5% Club call with Chris DeMassa on the process of trademarking your name). This will add more value to your company and set you apart because you are protecting your name. Even most American internet marketers and small businesses do NOT trademark their names. This will send a message that you are for real!

4. Promote Joint Ventures Through Your U.S. Company. Even if you normally do all your JVs through your home state country, start establishing joint ventures (host/beneficiary relationships) through your U.S. company, which will establish that as a separate business and identity. This will help you with U.S. JVs in the future, plus help separate your business assets from your home country and what you have going on in the U.S. market.

5. Consider U.S. Vendors. This will put your business in the position that your team is not totally “offshore” and will connect you with more U.S. businesses. Especially if you have a customer service team or call center that is remote from your business, in the U.S. we would prefer to hear from U.S customer service. Yes, it is true that many U.S. companies outsource to India and other countries (it is different when a big telephone company does that vs. a small entrepreneur).

The U.S. is a huge market that is going to need more of your support and solutions. The debt crisis may only get worse, as banks are not lending to small U.S. businesses and individuals are having difficulty securing credit. That means if you are offering solutions for businesses or how to make more money (especially online), you may have a goldmine in front of you.

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Did You Start Your Business With A Dream Or A Vision?

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FAST BUSINESS CREDIT Helps You Make It A Reality Faster Than Anyone Else!

Let me ask you an important question: What is your dream, your vision? Are you one of the 500,000 every month looking to start a business? Perhaps you will become an Awakened Entrepreneur, as Michael Gerber describes in his recent book, Awakening the Entrepreneur Within. (Be sure to listen to my timeless interview with Michael Gerber, a valuable bonus that you’ll receive as a new FAST BUSINESS CREDIT client that will inspire you to take your dream to a new level.)

Perhaps, your dream for your new business is to provide quality services to your clients and make a difference in your marketplace.  You’re no doubt excited, yet maybe feeling a bit overwhelmed. You may have the ability to start a successful business, yet may not have a handle on the key strategies to get you there quickly.

If anything rings true here, I know how you feel. I was there six years ago when I started FAST BUSINESS CREDIT . I was on a mission to provide top-quality service for those who wanted to incorporate in Nevada.  I considered it my duty to dispel the misinformation that was so prevalent back then (and still is) about this valuable, yet misunderstood strategy.

Believe me; I know what it’s like to be an entrepreneur. Over the last eleven years, I have invested an enormous amount of money with many top professionals to ensure conscientious, accurate service for our clients, including fees paid to Deloite and Touche, multiple law firms and other professionals. I have personally worked many 70-90 hours, seven days a week.  I have made (and learned from) every mistake in the book along the way, especially in the HR and employee area.

First, The Harsh Reality…

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How to Pay Business Debts You Can’t Afford-June 9th Preview Teleseminar

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Does Your Business Need a Financial Rescue? Are you debt-ridden and unable to see the light at the end of the tunnel?

What if you could learn the steps to restructuring your business debt to give your business more cash flow and breathing room? Would that help you stay in business and on your way to success?

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Copy and paste the URL below into your browser and select
your enter key to  register for this powerful teleseminar
(space is limited):  http://budurl.com/CorporateTurnaround

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You will have been personally invited to attend a preview
of one of our powerful monthly teleseminars to grow your business.

This is part of our Top 5% Club membership

(go to http://www.nvinc.com/Top5PercentClubCoachingProgram.htm

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Step 6: Fast Start to Joint Ventures!

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Rest assured, when you choose NCP for your entity formation, you’re putting yourself in the hands of a full service company that cares about the entire you—personally and business-wise!

All of us at Nevada Corporate Planners are looking forward to the opportunity to help add even more value to your business, your clients, and your associates!

I’m sure we all agree that we operate in an extremely competitive marketplace. As a business owner, I know that like us, you’re constantly searching for the edge that will separate you from your competition.

That doesn’t mean that you must endlessly recreate the wheel.  It does mean that you need a value-enhanced strategy that optimizes and preserves your past efforts, while moving you forward to the next level.
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Go to www.nvinc.com/StrategicAlliance and hear an audio overview by our CEO, Scott Letourneau, on two programs (teleseminars/webinars) that can be used to help your business grow!!!
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That means that the lifetime value of your client is a paramount consideration in your business’ strategy.  Properly guided, your investment in obtaining that client can and should compound over the time they remain with you — the longer they continue as your client, the more valuable the relationship.

But how do you constantly come up with new, innovative ways to secure their loyalty without straining your time, effort and resources — and at the same time, continuously secure new clients?

What Are The Best, Lowest Cost Ways To
Grow Your Business Today?

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