Get Your Business Up and Running Using Online Tools

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The Right Tools, Right Now

 

Small businesses fail for a variety of reasons, and anyone who “guarantees” to keep your business in the black is playing fast and loose with facts. In the end, every business venture is a risk. However, risks can be managed, snares and snags can be avoided, and there are many tools to help your business stay on track.

 

Building and Monitoring Business Credit the Smart Way

 

Raising capital is a daunting task, one that many new small business owners dread, but a firm foundation of capital and credit is essential to the ongoing success of your business. Undercapitalization is the single most common cause of small business bankruptcy.

 

Capital is fuel, and your business needs to have enough on hand to keep the engines running. What’s more, you need to keep a modest store of capital reserved. Think of it as a life preserver – a rainy day fund to protect your business from a number of potential problems, including emergencies.

 

Commercial lenders have deep pockets, but they are typically conservative. Unless you have exceptionally strong personal credit and collateral to offer, commercial banks will see your startup as unknown quantity. Credit unions are more lenient, and they are willing to invest in new small businesses, but they might not have the resources and tools you need to keep your business running smoothly.

 

If you’re looking for more information and resources to help your business build or monitor credit, begin by checking out Access to Capital , a web-based initiative focused on providing small business owners and entrepreneurs with reliable information on issues related to business capital and credit.

 

A free service of Dun & Bradstreet Credibility Corp., Access to Capital includes articles, videos, and information on a range of topics, from managing cash flow problems, to writing a solid business plan. Additionally, the site includes a comprehensive index of small business capital resources entitled “Sources of Funding.” The index describes everything from crowdfunding websites and 504 loans, to equity financing and direct public offerings.

 

Dun & Bradstreet Credibility also offers a range of credibility solutions to help your business build and monitor credit effectively. If you’re hoping to secure financing for a startup, then DUNSFile™ can help your business obtain a D&B D-U-N-S® number, and a basic D&B credit file immediately.

 

The Data Universal Numbering System, or DUNS, is a proprietary business identification system managed by Dun & Bradstreet. A D-U-N-Snumber is recommended or required by many prominent trade associations, governments, major financial institutions, and industry-leading corporations.

 

With credit monitoring tools from Dun & Bradstreet Credibility Corp. at your disposal, you can build a stronger credit file to help your business find more affordable sources of financing. Sign up today and start building a foundation for your ongoing success.

– Marshall Walker Lee

 

 

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