By Phillip Thow
Start Up Business Credit – Get Started the Right Way; Phillip Thow

Are you thinking of starting a new business? If so, you must think about business credit first. You need to think about whether your business can qualify for credit or if you will need to personally finance your business until you can get your business credit built up. Maybe you don’t know whether your business is credit worthy. If you don’t, you can consult with our business credit experts to find out. One thing is for certain; you will need credit to get your business up and running and to eventually make it profitable, said Phillip Thow



There are two kinds of financing available to you: secured loans and unsecured loans. A secured loan requires that you reserve a certain percentage of the loan in cash with the lending bank. If you cannot make the payment and in turn default on a secured loan, the reserve is then property of the bank. An unsecured loan allows you to borrow money from a bank with a signed guarantee that you will pay them back. There are no reserves required. Obviously, an unsecured loan is more desirable, as none of your assets or cash are tied up with the bank. Your business credit rating will help determine whether you are qualified to receive a secured loan or an unsecured loan.



The best place to start building business credit is with smaller creditors. While the initial amounts may seem small, this is the key to building solid business credit. As Phil Thow says, “And who knows, you may be surprised and you may be able to get more than you think.”



Phillip Thow knows that starting a new business brings much stress along with it. Business credit can be handled by experts and you should let them handle it. They know what they are doing and where to start. Building business credit responsibly, safely and correctly is key to creating a superior business credit profile. After all, your business credit will help determine exactly how fast your business reaches profitability. Don’t delay another minute. Call the experts and rid yourself of that undue stress of building business credit. 




Credit Cards for Small Business by Phil Thow

When starting a small business, you will discover, or maybe already have, that it is no simple task to obtain business credit. You may have the most perfected business plan, a superior personal credit score, but the lenders don’t care. All they see is that your business is brand new with no credit history. Phil Thow suggests starting smaller. Small business credit cards will help you get your business credit off the ground. By starting with small business credit cards, they are less hassle and more quickly and easily approved than small loans.



Phillip Thow says that starting with small business credit cards can help with fiscal responsibility. You are in control of your limit and your spending. With good payment history, a simple call to the creditor can usually result in an increased credit limit. No bank would approve that! You are in control of this type of credit and can choose to use it whenever it is needed, thereby giving you more control of your business finances.



Small business credit cards are a great way to gauge what your employees are spending and how much they are spending. The small business credit card expense reports show a clear picture of where your hard earned money is going. Another wonderful thing about small business credit cards is that you have a 30 grace period to pay your balance off. This frees up cash assets for a while and allows relieves any cash stress that your company may be experiencing, says Phil Thow.



Phil Thow also comments that these credit cards are important when starting a new company and getting it off the ground until profits can be made. Having sufficient cash flow will get you on the fast road to profitability. So stop the worry about how to get business credit and let the business credit experts handle the tedious job of building solid business credit.  
Business Model by Phillip Thow



Business expert Phillip Thow knows that having a strong business model is just as or more important that initiating your business plan. A business model and a business plan are two separate things. A business model will take your business and lay it out specifically as to what function happens when and where in the business to show that in the end, all functions come together to form this business. Your business plan is an explanation of each function, almost like a handbook or manual.



Phillip Thow says your business model reflects the functions of each unit of the business and how each function works separately to create the entire business. Some of the things included in the business model and considered “units” are the services of the business, the clients, projected finances, business infrastructure.



Phillip Thow says the business model of your company is specific to your industry. A dentistry group will have a model specific to their specialty in the dentistry field, for example. They can also follow specific concepts, as pertaining to the method of sales and marketing techniques.
Obviously there are numerous business models that you could use, and Phil Thow says that it is up to you to determine which works best for your specific business and situation. Or take a model and create your own spin on it, customize it to fit your individual business needs. Phillip Thow says this is a way to personalize your business model.



Lastly; know your business model and know it well. This will help you really stand out in your industry and keep your business running smoothly. Phil Thow says that knowing your business model is imperative to running to successful and profitable business. Phillip Thow suggests that business owners get to know their business model before they start running their business.