CleaningAlliance.com Home Find Cleaning Services
Loading
Find Cleaning Services

Tools > Business Resources >

Financing Your Business

Financing Basics | Estimating Costs | Finding Capital | Personal vs. Business| Applying for Small Business Loan | Small Business Lenders | Cash Management | Startup Costs | Breakeven Analysis | Financial Statements

image

Personal vs. Business

Starting up a business can be a tremendous strain on your personal finances. It can take six months or more before your new venture is profitable and can provide financial support for you and your family. Before going into business it is always wise to get your finances in order.

Write a monthly household budget that accounts for your income and your household expenses. Be as conservative as possible, because it is vital to your success that you have the resources to maintain your household expenses while your business is growing. Any strain on your personal budget will put the financial success of your business at risk.

It is also a good idea to check your personal credit situation. Too often, entrepreneurs think that their business credit and personal credit are separate. A business' credit is built upon the owner's personal credit. Because you have not established a business credit history, lenders and suppliers will use your personal credit history to determine your terms of credit.

Your credit report determines how you will be perceived by potential lenders and suppliers. You should know what appears on your credit report because you may find errors that you will want to have corrected. To get a copy of your credit report, refer to one of the three major credit bureaus:

Equifax
Experian
Trans Union

For Additional Information:

What is Credit Scoring?
Fair Credit Reporting
Federal Trade Commission Consumer Protection

I would like to ask you a favor. CleaningAlliance.com has been demoted on Google because of our lack of a g+1 button.
If you like CleaningAlliance.com please click the button below to help us become visible again to others. Thank you!

Cleaning Services Directory

Residential Cleaning

Commercial Cleaning

Carpet Cleaning

Professional Organizer

Site Map





eHealthInsurance





ServiceMagic, Inc.

 
Home - Contact Us - About Us - Register - Benefits - Directory - Find A Cleaning Company - Become A Member - Site Map
United Professional Cleaning Alliance Copyright © All Rights Reserved.
Design By DOOMSHELL.Com.