“The 9 Most Devastating Mistakes Entrepreneurs and Business Owners Make When Financing Their Busines
[author:Trent Lee Public time:Mar 27, 2006] |
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Most business owners should treat their companies as a significant threat to their personal financial security, not a ticket to future wealth. This strong warning comes from Chad R. Lee, experienced entrepreneur and real estate investor and co-founder of Corporate Credit Concepts.
“The majority of business owners make a critical mistake when financing the launch, operation and/or growth of their companies,” Lee says. “They use their personal credit – such as investing their savings into the business, using their personal credit cards for business expenses, or personally guaranteeing a business loan – to secure business financing.”
As a result of tying up their personal credit, entrepreneurs may be denied a mortgage or auto loan, pay more than their fair share of interest on credit cards and other personal debt, have to sell their homes to pay off business debt, or even be forced to declare bankruptcy.
To help educate entrepreneurs and business owners about the dangerous credit mistakes they need to avoid when financing a business start-up, operation or expansion, Corporate Credit Concepts is offering a free report at its website, www.FreeCorporateCreditTips.com. Inside “Unlimited Financing Without a Personal Guarantee!,” entrepreneurs and business owners will:
•Learn the importance of separating personal and corporate credit
•Understand the steps necessary to position their businesses to build corporate credit.
•Avoid the 9 most devastating mistakes that could destroy their business, personal credit, family security and their future
To request your copy of the free report online, visit www.FreeCorporateCreditTips.com.
Otherinfo:Trent Lee
702-216-0450
http://www.freecorporatecredittips.com
Printed From:http://www.free-press-release.com/news/200603/1143505698.html
Source:Free Press Release
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