7 Success Tips for Women Entrepreneurs and Business Owners http://BusinessCreditAmerica.com

http://BusinessCreditAmerica.com 1-800-652-7157 Learn the 7 Success Tips for Women Entrepreneurs and Business Owners.

In this video Houston goes over 7 success tips to help women business owners be successful in business.  These 7 basics will help the foundation of the business.

Here a the 7 steps to a success business for women entrepreneurs
1. Create a business around your passion instead of starting a business that's profitable for someone else so you try to create competition.  If you turn your passion into a business then you'll have fewer set backs as well as less stress.  I learned that following your passion is more rewarding then money, because doing something you enjoying doing with out the competition.  One way to find out your passion is to write down what your good at or what really inspires you and see how you can turn that into a profitable business.

2. Repair your personal credit.  In these challenging times one thing stands true is good credit.  The reason you want to fix your personal credit as a business owner that may have a family owned business is that you don't have to worry about outside investors. 

Many business owners had resorted to business credit and they ignored their personal credit.  However, with this past economy melt down and all the new financial regulations,  banks are requiring a personal guarantor.  Aa a business owner it looks very bad when no family member has strong enough credit to qualify for a loan so you can expand the business. 

That's why I encourage women and men entrepreneurs and business owners to fix their credit.

3. When naming your business be sure to include the type of product or service in the business.  I, myself have made this mistake, because you do not want a financial institution trying to figure out what type of business that you're running. 

Understand you could name the business but they also need to know right away what is it you offer.  I.E. Sam consulting is not as clear as Sam's Mortgage consulting, or Sam Electronics.  These examples show lenders what type os industry you're in without them guessing.

4.  Join entrepreneur and business groups and forums.  When you join groups that focus on your industry you'll have a higher rate of success.  Many business owners use facebook to connect with others and it's a great business resource.  If you sign into facebook and type into the search menu women entrepreneurs, if you look to the left and click on groups you can choose the groups that you want to join.  Their are alot of women business  groups that will support you in your business.

I also joined black business women online they have a very good supportive business network as well.  They are no bias ast o gender or ethnicity, but have a lot of resources people that could help your business.

You may also want to find a mastermind group to help you develop your business.  In the business credit america forum you'll find this resource available to you as a member. Also in the forum you'll have access to bi-weekly and monthly webinars to help you grow your business as well as monthly business news letters.

5.  You may want to consider partnering up with someone that has the same business interest as you if they hsave the financial resources to help you grow your business.  One would consider this method if they don't have strong credit or working with limited financial resources, but they know that the business is profitable.

6. Joining your local chamber of commerce to help you grow your business in your community.  The chamber is a great resource, because you get to meet and work with people that have been in the community and have a great relationship in the community.

7. SBA 9small business administration) has great resources for women as well.  They have a women business ownership program that teaches you how to get access to business loans.  I don't agree with how they collateralize all your assets to get a loan, but they do offer great info for a business owner or entrepreneur. 

Please check out the website http://Business Credit America.

5 Bad Credit Financing Sources http://BusinessCreditAmerica.com

 http://BusinessCreditAmerica.com 5 Bad Credit Financing Sources. goo.gl/ycLkHf 1. Merchant cash advances- these are loans that are done off of future credit card receipts. It you have an merchant account with flagship merchant, square-up, paypal, or intuit, just to name a few. You can attempt to get a loan without them looking at your personal credit. Although, I still feel you should focus on fixing your personal credit. 2. Forming a partnership with some that has access to cash or credit is another good resource. As long as, they have an clear understanding of what portion of the business they would own. This is why Business Credit America encourages entrepreneurs and business owners to setup C-corporations so you can just issue stocks instead of making people partnerships. 3. Micro-loans- are made by non-profit organizations, such as Accion (http://www.accionusa.org), which will grant small loans (up to $50,000) designed to help startups owned by women and minorities, as well as companies that are established in economic empowerment zones. Loans are also available through the Small Business Administration's (SBA) Microloan Program, which lends funds through non-profit community-based intermediary lenders. Microloans are a great option for businesses with bad credit or no credit histories because their credit requirements are typically more lenient. goo.gl/ycLkHf 4. Crowd funding- is a resource of private investors that are looking for business to invest in for a higher return on their money. When the banks experienced that financial melt down, they stop lending money to business owners. Many of their investors were not getting good returns on bank cd's, money market accounts, or annuities, so these investors started to lend money to small businesses in return for a better interest rate of return. They don't focus on the personal credit. These investors are looking at the profitability of the business is how they determine who they will invest their money with. 5. IRA'S- A lot of people that are still employed or may have access to their retirement plans, may want to consider borrowing from it. The term is called ROB- roll over business. We will discuss how to use the IRA's without being penalized early in the forums. goo.gl/ycLkHf